Prime Development Land in Colchester, Essex Ideal for Over 55s Housing and Care Home
Colchester, EssexAsking Price: £2,000,000
Status:
SOLD
Date Submitted:
22/10/24
Advert ID:
2305
Reference:
RX431895 / Rightbiz
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Business Details
DEVELOPEMENT OPPORTUNITY - 283,140 SQ.FT.
An exciting opportunity has arisen to purchase a prime plot of land in the sought-after village of Earls Colne. This site comes with pre-application input to develop a 35-bungalow scheme designed for over 55s, along with a 60-bed care home. The land currently features an existing bungalow generating a rental income of £1,950 per calendar month, situated on 0.24 acres, which provides access to an additional 6.375 acres of land.
The landowner is open to unconditional offers with parties who may wish to explore alternative development proposals.
Given its proximity to the towns of Braintree and Colchester, this development offers significant potential for a range of uses, making it an attractive prospect for creating a unique and impactful scheme.
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