Land at 131 High Street, Needham Market, Ipswich | Property for sale | Savills
Offers invited

Land at 131 High Street, Needham MarketIpswich

  • New
  • Sole agency
  • Freehold
Development land

Key features

  • Residential development opportunity in Needham Market, Suffolk
  • Site area extends to approx. 1.34 Ha (3.3 Acres)
  • Full planning consent for development of Phase 2A & 2B, comprising 60 units
  • No Affordable housing or CIL on site
  • Pre-commencements conditions discharged
  • Freehold sale via informal treaty
  • Bid Deadline 10th October 2024

Residential development opportunity in Needham Market, Suffolk

About this property

  • In 2019 the site received full planning consent for the demolition and redevelopment of the Mid-Suffolk district offices. The approved plan includes the development of 94 residential units and one retail unit. Mid Suffolk Council has already completed Phase 1, which comprises 34 affordable housing units and a commercial unit. Savills is now marketing Phases 2A & 2B, which represent the private ownership portion of the planning consent. This phase includes 60 residential units, with 48 new build units (totaling 46,413 sqft) and 12 converted apartments within the Grade II listed building (totaling 10,781 sqft). The site is predominantly flat and has been cleared of materials, with all main services accessible from neighbouring roads. The portion of the site being sold covers approximately 1.34 hectares (3.3 acres), encompassing the area of the demolished office block and the listed building. The council will retain ownership of the car park to the south but will grant parking rights according to the planning consent for the development.

Local information

  • The site is located in Needham Market, a small town located in Suffolk, located in the Babergh and Mid Suffolk district. The town is located 4.20 km (2.6 mi) south east of Stowmarket, as well as 12 km (7.48 mi) north west of Ipswich town centre. Needham Market offers good transport links benefiting from a train station as well as good bus links.

Additional information

  • PLANNING
  • The site received full planning 2019, MSDC have discharged all pre-commencement conditions and commenced the build, of which they have built out 34 affordable units and the commercial element.
  • The planning reference for the remaining 60 units are within the full planning application planning ref DC/18/05104 and the listed building consent, DC/18/05254.
  • The development does not include affordable housing, as that requirement has already been fulfilled in earlier phases. Additionally, the Community Infrastructure Levy has been fully paid