NICHOLAS PERCIVAL LTD, Colchester

Deben Meadows, Melton, Woodbridge Suffolk IP12 1FU

Guide price

£4,765,000

Size

27,494

Tenure

Freehold

EPC

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Parking

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Primary use
Residential development
Other use(s)
Mixed use

Key features

  • Freehold Investment Opportunity
  • High Quality Development, Constructed In 2021
  • 18 Apartments, 6 House & 9 Business Units Totalling 27,494 Sq. ft
  • Total current income: £314,240
  • ERV once fully Let: £366,860

Description


The development was completed in 2021 comprising a total of 54 houses and apartments together with business units.

All the residential properties benefit from gas fired central heating and are completed to a good standard.

18 Apartments, 6 House and 9 Business Units Totalling 27,494 Sq Ft
• 12 One bed apartments let on periodic tenancies
• 2 One bed apartments (affordable units) let on periodic tenancies
• 4 Two bed duplex apartments let on periodic tenancies
• 6 Three bed town houses (affordable units) let on periodic tenancies
• 9 Business units ( 7 vacant and 2 let ).


Total Current Rent Passing
• Residential £300,240
• Commercial £14,000
• Total: £314,240

Estimated Rental Values Once Fully Occupied
• Residential £304,500
• Commercial £62,360
• Total: £366,860

Gross External Area
• Residential 22,244 Sqft
• Commercial 5,250 Sqft
• Total Gross External Area: 27,494 Sqft


Location
Melton is a village having a population of circa 3,800 situated on the west side of the River Deben, approximately a mile north east of Woobridge benefiting from a railway station.
The popular market town of Woodbridge offers excellent shopping and amenity facilities and is located on the edge of an area of outstanding natural beauty lying along the River Deben.

Guide Price
£4,765,000 ( Overall £173 psf )

Informal Tender
All interested parties are invited to submit their best bids to Nicholas Percival Ltd, by way of informal tender, no later than 12 noon on 7th August 2026.

Data Room
The full information pack is available via the data room, access to which is available upon request.

Planning - DC/17/1884/FUL
As per clause 17 of the planning consent, the business units shall be used for Use Class B1a (Offices) only.

The affordable housing units are let at an affordable rent (no more than 80% of the market rent including Service Charge). Properties will be allocated to people with local connections with Suffolk Coastal District.

A copy of the full planning consent is available within the data room.


LOT 1 - 1 & 2 The Brooks and 1 & 3 Deben Meadows
A detached two storey building arranged as two fully fitted business units (currently vacant) on the ground floor with two one bedroom apartments at first floor with the benefit of a small private garden.


LOT 2 - 1 - 8 Willowbank
Description
A detached four storey building arranged as two business units on the ground floor (shell) with six one bedroom apartments benefiting from a lift.


LOT 3 - 1 - 4 Deben Place
Description
A detached two storey building arranged as two one bedroom apartments (affordable units) with two business units one on ground floor and the other ground, first & second floors.

Lot 4 - 7 - 18 Deben Place
A detached four storey building arranged as four business units on the ground floor fully fitted. Four one bedroom apartments at first floor and a further four two bedroom duplex apartments with balconies at third and fourth floors.

LOT 5 - 19 - 21 Deben Place
Three town houses, each comprising three bedrooms, two bathrooms, kitchen/dining room, utility room, living room, study and wc. Single garage & one car parking space each. Affordable housing units let at 80% of market rent.

Lot 6 - 9 - 11 Willowbank
Three town houses each comprising three bedrooms, two bathrooms, kitchen/dining room, utility room, living room, study and wc. Single garage and one car parking space. All houses are affordable housing units let at 80% of market rent.

Viewing
Strictly by prior appointment with the sole agents, Nicholas Percival.

Agents notes
All floor areas have been provided by the Vendors Architect and are based on a Gross External Area basis.
C5481
NICHOLAS PERCIVAL LTD, Colchester

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Additional information
Service charge
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Business rates
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Use class
C2
Year built
2021
Listed building
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Deben Meadows, Melton, Woodbridge Suffolk IP12 1FU

NEAREST STATIONS

National Rail

Melton Station

0.5 miles

National Rail

Woodbridge Station

0.84 miles

National Rail

Wickham Market Station

4.62 miles

About NICHOLAS PERCIVAL LTD, Colchester

NICHOLAS PERCIVAL LTD, Colchester

Nicholas Percival are well-established Estate Agents and Chartered Surveyors with over 25 years of experience selling the finest village, town and country houses in North Essex and South Suffolk

The Commercial Property Division specialises in all aspects of Sales, Lettings and Professional Advice to both Landlords & Tenants Nicholas Percival Chartered Surveyors has an established reputation for professional excellence and integrity and is regarded as one of the leading independent practices in North Essex

Commercial rent reviews and lease renewals are an opportunity for both owners and occupiers to recast their agreement in a more commercial form; they are not just a re-negotiation of the level of rent. Whether you are the landlord or tenant, when it is time for a rent review or lease renewal it is important to avail yourself with the best representation and accurate advice from a specialist commercial chartered surveyor such as those at Nicholas Percival

Nicholas Percival's Commercial Property Management division have been helping companies and individuals manage their commercial property in Essex for over 29 years.
Our specialist team are based in Colchester and have a depth of local knowledge and expertise that enables them to ensure that client's properties are successfully managed, and as a matter of course provide advice on long term strategic changes, in order to create added value and asset enhancement.

Nicholas Percival assumes full responsibility for the day to day management of your property portfolio. We will be in touch with you throughout the year and will meet you at least once a year to provide a full review of the property portfolio performance. However, our goal is to provide exactly the service you need and we are happy to tailor this approach to suit you. We understand that every company and individual have different needs and will work with you to find the right level of communication and involvement that suits you. In addition, you can rely on our team to help and advise you as and when it is required.

Our Management service covers all aspects of property management:
• Rent collection
• Accounting to the client on a monthly or quarterly basis
• Service charge collection
• Budgeting and collection service charge accounts
• Arranging buildings insurance
• Organising contracts with maintenance suppliers such as cleaners, gardeners etc.
• Health and Safety issues
• Landlord and tenant Statutory obligations
• Site visits and inspections
• Negotiating Rent Reviews & Lease Renewals

Nicholas Percival act as the principal liaison between the Landlord and Tenant at all times. All of our Management services are dealt with in accordance with the terms of the leases and any current relevant legislation and codes of practice.

In addition to our core landlord and tenant, building surveying and valuation services, we provide a variety of additional services, including:
• Independent purchase reports
• Strategy advice and reports
• Redevelopment/conversion appraisals

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Disclaimer - Property reference C5481. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by NICHOLAS PERCIVAL LTD, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.