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36 Wallis Dr - Clipstone Park 0.19 Acres of Commercial Land Offered at $707,061 in Leighton Buzzard LU7 3GD
INVESTMENT HIGHLIGHTS
- The plot sits adjacent to a new Sainsbury’s Convenience Store, which will be constructed at the same time
- The whole site has outline planning permission as a mixed use urban extension to Leighton Buzzard
- The site for the Sainsbury’s and the Bright Horizons Nursery (the Local Centre), forms part of the large sustainable urban extension
EXECUTIVE SUMMARY
The outline planning permission has been varied by a S73 Ref:
CB/23/01719/VOC and includes provision of 1,210 dwellings, employment uses, a local centre, a neighbourhood centre, child care nursery and retail unit. There is also a provision for a lower school and middle school. The Employment element of the site known as Apex Park provides over 500,000 sq ft of employment space.
Investor Payment to Developer: £2,125,000
Investor Costs @ 1.8% £38,250
Investor Land SDLT on £525,000 (non TOGC) £21,000
TOTAL £2,184,250
Rent Roll £136,500 / £2,184,250 = 6.25%
PROPERTY FACTS
| Price | $707,061 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Retail |
| Tenure | Freehold | Total Lot Size | 0.19 AC |
| No. Lots | 1 |
| Price | $707,061 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.19 AC |
1 LOT AVAILABLE
Lot
| Price | $707,061 | Lot Size | 0.19 AC |
| Price Per AC | $3,721,374.55 |
| Price | $707,061 |
| Price Per AC | $3,721,374.55 |
| Lot Size | 0.19 AC |
The plot sits adjacent to a new Sainsbury’s Convenience Store, which will be constructed at the same time.
DESCRIPTION
The plot sits adjacent to a new Sainsbury’s Convenience Store, which will be constructed at the same time. The site for the Sainsbury’s and the Bright Horizons Nursery (the Local Centre), forms part of the large sustainable urban extension known as Clipstone Park. The whole site has outline planning permission as a mixed use urban extension to Leighton Buzzard. The outline planning permission has been varied by a S73 Ref: CB/23/01719/VOC and includes provision of 1,210 dwellings, employment uses, a local centre, a neighbourhood centre, child day care nursery and retail units. There is also a provision for a lower school and middle school. The Employment element of the site known as Apex Park provides over 500,000 sq ft of employment space. The Local Centre which includes the Sainsbury’s and Bright Horizons Children’s Day Nursery fronts Hockliffe Road and sits in a densely populated area with high traffic flows and footfall.
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36 Wallis Dr - Clipstone Park
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