£5,000,000 /Sale price

A site of circa 11.8 acres (STS) with development potential (subject to approvals)LocationThe site is accessed through gates off a farm track forming part of the original Gosfield Hall estate. The site also has direct frontage to Hedingham Road (A1017). DescriptionThe site currently comprises an open grassed field extending to approximately 11.8 acres STS. To the north is a scaffolding yard, immediately to the south is an area of woodland, beyond which is a recent development carried out by Abbey Developments (see second photo).PlanningBraintree have recently adopted their local plan and we do not consider there is a reasonable prospect of planning in the short term, however over a 5-10 year period we do consider that there is development potential for the site. Our client wishes to find a development partner to actively promote the site. Terms of OfferOur client is looking to secure a development partner to work with them over the medium - long term to secure a beneficial planning consent. We are seeking interest for either an option or promotion agreement for a period of up to 10 years on terms to be agreed.