05 August 2019
A landmark site in Ipswich town centre has been put up for sale with permission already granted for more than 100 new apartments and potential for further development.
The former BT office, data storage building and rear car park in Bibb Way – close to Portman Road – is being sold by Savills on behalf of Telereal Trillium for offers in excess of £3.75m.
The entire site extends to approximately 4.3 acres – with the BT office already being given the green light for 104 apartments, 90 car parking spaces and 208 cycle spaces in July last year.
There is also potential to develop the rest of the site, subject to planning permission.
Thomas Higgins, who is leading the sale of behalf of Savills Chelmsford, said: “This is an important site in Ipswich that has significant development and community benefits.
“It’s a very exciting opportunity and we are expecting lots of interest. It has potential to be sold as a whole or in two separate parcels – with the office and data centre making up one lot and the car park the other.
“While the office site already has planning permission for more than 100 apartments, the data centre is classified as ‘general industrial’ so would need full planning permission for any change of use – as would the car park.
“There’s a range of redevelopment possibilities but the vendor’s initial proposals comprised housing schemes fronting Handford Road and on the car park close to Bibb Way.”
The deadline for offers is 12 noon on Friday, 13 September. For more details contact Thomas Higgins or Andy Redman at Savills Chelmsford on 01245 293250.