Plot B - Colchester Northern GatewayJunction 28 - A12, Colchester, CO4 5JF

Description
The site sits to the north of Junction 28 of the A12 and forms part of the Colchester Northern Gateway development.

Adjacent to the site is the Colchester Park & Ride, a BP Petrol Filling Station and McDonalds Drive-Thru. The site fronts the entrance to Colchester Sports Park, which extends to 76 acres and houses Colchester Rugby Club, 5 a side football pitches, hockey pitches, a cycle track, archery range, gym, cafe and indoor badminton and netball courts.

Given the prominence and accessibility of the site it is suitable for a variety of uses subject to planning.

Opportunity
The site sits to the north of Junction 28 of the A12 and forms part of the Colchester Northern Gateway development.

Adjacent to the site is the Colchester Park & Ride, a BP Petrol Filling Station and McDonalds Drive-Thru. The site fronts the entrance to Colchester Sports Park, which extends to 76 acres and houses Colchester Rugby Club, 5 a side football pitches, hockey pitches, a cycle track, archery range, gym, cafe and indoor badminton and netball courts.

Given the prominence and accessibility of the site it is suitable for a variety of uses subject to planning.

Planning
re-aplication planning enquriries with Colchester City Council Planning Department, identifies that the site sits within an established business park which is zoned for employment uses. As such, subject to planning, it is considered suitable for

Road side uses such as drive thru takeaways
Automotive industry including car showroom, petrol station, PV charging
Light Industrial and logistics
Data Centre

Interested parties are advised to make their own enquiries of the Local Planning Authority, Colchester City Council

Access/Roundabout
The purchaser is to be required to install a new roundabout layout to service the subject site which will be to the north of the site close to the entrance to the Park and Ride. The newly installed roundabout will also service the Park and Ride.

Further details are available within the dataroom.

Services
Mains water, electricity and drainage are available to the boundary of the site. Interested parties are advised to make their own enquiries of the relevant service providers.

Data Room
There is a dataroom that will be made available to interested parties.

Legal Costs
Each party to bear their own legal costs.

Anti Money Laundering
In accordance with Anti-Money Laundering regulations, Savills will be required to undertake due diligence on the purchaser and any beneficial owners.

Method of Sale
The site is being marketed by way of an informal tender process, with offers being invited for the Freehold interest on an unconditional or conditional basis.

The deadline for offers is 12 Noon on Monday 9th September 2024.

In submitting offers, parties should provide sufficient information to allow the vendor to assess the nature of the proposal, the level of due diligence undertaken and their funding position. Colchester City Council reserve the right not to accept the highest or any offer received.

Informal tenders should be sent to:

Mike Wilson
Savills
Mike.Wilson@Savills.com