First & Second Floors, 58-62 High Street, St. Neots, Cambridgeshire, PE19 1JQ

Planning Permission (Unconditional) for 15 Flats

Prominent Corner Position on St Neots High Street

GDV: £2,100,000

No VAT Payable

Planning Permission Granted in October 2024 (Unconditional) for 15 Apartments on First and Second Floors.
GDV - £2,100,000.
No VAT Payable.

Residential Development Opportunity with Unconditional Planning for 15 Apartments

Detailed Description

The property consists of a three storey former retail premises.

Planning Permission was granted in October 2024 (unconditional) (Ref: 24/01727/P3JPA) for the development of 15 apartments on the First and Second Floors ranging in size from 398 sq ft to 753 sq ft approximately.

The ground floor of the building has been split into six retail units with premium shop fronts and a large rear commercial unit which have been sold on a long leasehold basis (999 years).




Location

St Neots is a rapidly expanding town located on the banks of the River Great Ouse with a population of well over 30,000 residents. Adjoining and nearby settlements such as Little Paxton, increase the population figure to c. 40,000. The retail catchment is estimated to be in excess of 80,000. St Neots has the fastest rate of population growth within the County.

Benefiting from its rail links to London Kings Cross (typical journey time of 45-55 minutes), the town has seen a considerable expansion of its commerce and industry in recent years. It also enjoys excellent road communications with London and the east coast ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge - Bedford M1 - Milton Keynes route. The opening of the A14 and A428 dual carriageways have significantly improved accessibility to the Midlands and the North West.

The town has a good range of shopping and leisure facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face, Marks & Spencer Simply Food and Waterstones. There are a range of interesting smaller retailers and St Neots also benefits from a six screen cinema (Cineworld) with numerous restaurants including Pizza Express.