Property description

Located close to Bedford town centre & within walking distance of Bedford railway station, an attractive residential redevelopment opportunity with a gross projected development value in excess of £22 million.
The site of c.0.9 acres is currently occupied by a c1960‘s, six storey office block fronting Kingsway and Melbourne Street with a planning consent for the demolition of the existing building and replacement with a ten/eleven storey residential block comprising 119 apartments, all private, (23 x 1 bed and 96 x 2 bed). There is private parking totalling 55 spaces.
A full schedule of accommodation with projected sales values is available on request.
There is no affordable housing requirement. Sec 106 cost is £167,194 & CIL is £147,404.
The guide price is circa £5.5 million.
Please contact Compass Land & Development for further details on 01234 351577.
Compass Land & Development for themselves, and for the vendors of the land, whose agents they are, give notice that; (A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (B) No person in the employment of Compass Land and Development has any authority to make or give any representation or warranty what so ever to the land October 2016. These details are presented subject to Contract and without prejudice.

Property Features :

• Consented site
• Town centre location
• Easy access for train station and embankment
• Development comprises 119 apartments