60 bed block of flats for sale

The Rise, Eastern Road, Bracknell, Berkshire RG12

K&O Estates are delighted to present an exceptional opportunity to acquire a substantial residential development site in Bracknell, Berkshire, with implemented planning permission for 60 residential apartments, comprising 24 one-bedroom and 36 two-bedroom apartments, together with 64 car parking spaces.

Occupying a site extending to just under one acre, the scheme offers an estimated Gross Development Value (gdv) of £18 million–£20 million, presenting an attractive opportunity for developers and investors seeking a substantial residential development project.

• Estimated gdv: £18,000,000–£20,000,000

• Asking Price: Offers in Excess of £5,000,000

• Planning Permission for 60 Residential Apartments

• 24 One-Bedroom and 36 Two-Bedroom Apartments

• 64 Car Parking Spaces

• Site Extending to Just Under One Acre

• No Affordable Housing Requirement

• Section 106 Obligations Reported as Satisfied

• No Community Infrastructure Levy (cil) Payable

• Planning Permission Lawfully Implemented

• Certificate of Lawfulness Issued

• Pre-Commencement Conditions Reported as Discharged

• Extensive Site Preparation Works Completed

The site benefits from implemented planning permission for a substantial residential development comprising 60 apartments.

A Certificate of Lawfulness has been issued by the local authority confirming that the planning permission has been lawfully implemented, protecting the permission from its original implementation expiry date.

Significant time and expense have already been invested in preparing the site for development.

Completed works include demolition, site clearance, removal of two electrical substations, diversion of high-voltage cables, installation of hoarding and fencing, and construction of an engineered piling mat.

These works provide an excellent starting point for an incoming developer.

Situated on Eastern Road, Bracknell, the site benefits from an established Berkshire location with convenient access to Bracknell town centre, local amenities, employment hubs and transport connections.

The wider area provides access to Reading, Wokingham and the M3 and M4 motorway networks.

With an estimated completed development value of £18 million–£20 million, implemented planning permission and substantial preparatory works already undertaken, this site presents an opportunity for developers seeking a sizeable residential scheme.

Guide Price: Offers in Excess of £5,000,000

A comprehensive development information pack, including planning documentation, architectural drawings and supporting reports, is available to interested parties upon request.

Contact K&O Estates

The gdv is an indicative estimate only and is not a guaranteed valuation or profit projection. Purchasers should undertake their own appraisal of sales values, construction costs, professional fees, finance costs and development viability. Planning and statutory information is subject to independent verification.

If you require assistance with your mortgage or conveyancing, please speak with the K&O Estates team. We can introduce you to trusted professionals who can assist throughout the buying process.

For mortgage advice, we work closely with Planet Mortgages, who offer access to whole-of-market mortgage advice and can assist with residential mortgages, buy-to-let and HMO finance, bridging finance, commercial mortgages and development finance.

Clients referred through K&O Estates may also benefit from specially discounted fees, subject to the service required and the provider's applicable terms.

For residential mortgage clients, Planet Mortgages offer a one-off lifetime broker fee, subject to their terms and conditions.

Please speak with a member of the K&O Estates team if you would like an introduction to a mortgage broker or conveyancer.

K&O Estates may receive a referral fee or commission from third-party service providers where a client chooses to use a service following an introduction from us. Any such referral arrangement does not affect your right to choose your own mortgage broker, conveyancer or other professional adviser.

Further details of any applicable referral fee or commission are available upon request.

Property Misdescriptions Act 1991

These particulars are intended only as a general guide and do not form part of any offer or contract. All descriptions, dimensions, references to condition, necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.