£500,000 /Sale price

Prime Development Land for Sale – Residential/Commercial Potential (Subject to Planning Permission)A rare opportunity to acquire a prime parcel of land with significant redevelopment potential, located on the site of a former pavilion off Sherwood Drive, Bletchley. Extending to approximately 1.45 acres, this well-positioned site offers excellent scope for development, subject to securing the necessary planning consents.Situated in the heart of Bletchley, the land lies directly west of Bletchley’s mainline railway station and its central entrance. It forms part of the key regeneration area defined as the Sherwood Drive Quarter – Opportunity Area in the Bletchley Urban Design Framework SPD. The site benefits from a prominent eastern boundary along Sherwood Drive, providing direct access to the station and close proximity to both the West Coast Main Line and the East West Rail corridor. Buckingham Road lies to the south, enhancing connectivity.The site is currently overgrown with vegetation and mature trees subject to a Tree Preservation Order (TPO Ref: TRE261), confirmed in 2002, which will require careful consideration in any development proposal.A Pre-Application submission has been positively received by Milton Keynes City Council. The conclusion of the Pre-App report states:“The principle of development is broadly supported, subject to further evidence as outlined in the report. No formal design has been provided, and a robust justification would be needed in relation to impacts on heritage assets and their significance, the character of the area, along with removal of the protected trees given their amenity, ecological and biodiversity benefit they presently provide.”This is an exceptional opportunity for developers or investors to create a bespoke residential scheme in a highly accessible and regenerating part of Bletchley.Alternative uses could also be considered subject to planning consents.The owner is inviting conditional/unconditional offers for the Freehold interest and will consider an option/STPP deal or a JV.For further information and access to data room please contact us. Viewings are strictly by appointment only.