Partridges, 60 High Street, Hadleigh
£2,250,000
£2,250,000
Key Features
Description
Introduction
Redevelopment of a substantial retail unit located in the very centre of Hadleigh, with full planning permission and listed building consent for a considerable mixed use development opportunity.
History
Partridges is a name synonymous with Hadleigh for the past 200 years. The business began as an ironmongers and has built its reputation as a one-stop shop for everything from a light bulb, to tractor mowers, to teapots. In 1929 the company was bought by members of the local Partridge family, thus giving the store its name that has continued to this day despite changes in ownership. Customers are drawn not just from the local area but across East Anglia and beyond, knowing that invariably Partridges will have items in stock that no other store will carry.
Location
Hadleigh is a popular, historic market town about 10 miles from Ipswich and 13 miles from Colchester. The town has good transport links to both the A12 and A14 with a choice of mainline stations giving access to London Liverpool Street. Hadleigh’s thriving High Street is characterised by numerous Listed Buildings and a selection of independent boutiques, shops, cafes, and wine bars. The town supports successful cricket, rugby, and football clubs, together with a variety of other leisure activities. Away from the town the area is noted for its charming, historic villages and towns including Lavenham, Dedham, Kersey, and Stoke-by-Nayland, together with numerous excellent pubs and restaurants.
Description
The existing site comprises a series of linked buildings which extend between the High Street and Magdalen Road via a pedestrian section of George Street. From number 60 High Street, the first three buildings are Grade II Listed which are predominantly timber frame, having 16th century origins with frontages to the High Street and to the western half of the pedestrian area. The eastern section is a range of modern masonry buildings which continues the retail area with additional shop frontage on Magdalen Road, with an adjacent detached blockwork warehouse. To the north is vehicular access onto an open yard with extensive steel frame and clad storage buildings. The site extends to about 0.683 acres.
Planning and Listed Building Consent
Full Planning and Listed Building Consent was granted on 9th July 2020 for 4 x two storey A1 retail units and 1x B1 office use (first floor) to the existing listed buildings with the remaining modern elements to the north and east to be demolished. The detailed planning consent grants the construction of 3 x detached, 3-storey Blocks providing 1 x ground floor A3 Food Retail (Block A) and a further 8 ground floor A1 retail units to Block B and C. The entire first and second floors to all Blocks comprise 14 Residential apartments (C3) with allocated parking for each. Please see accommodation schedule on the online brochure found at the foot of this page (Page 5).
The proposed layout will create a new public thoroughfare named ‘Partridges Walk’ which will essentially extend the central hub to the town.
The Full Planning and Listed Building Consents with the conditions, supporting documentation and associated plans are available via Babergh and Mid Suffolk planning portal (www.babergh.gov.uk) under reference DC/19/05962 and DC/19/05963 respectively.
Section 106 Agreement
Three instalments of £78,604 for affordable housing contribution are payable to Babergh and Mid Suffolk District Council on the completed sale of the first, seventh and tenth unit.
Community Infrastructure Levy (CIL)
CIL liability has been calculated at £106,968 payable on the commencement of the development. Further details on the CIL payment procedure can be found at the planning pages on the Babergh website.
Services
Main services are located on site.
Tenure
Freehold
Local Authority
Babergh and mid Suffolk District Council
Endeavour House
8 Russell Road
Ipswich
Suffolk
IP1 2BX
Terms
Offers in the region of £2,250,000 are invited for the freehold interest.
In accordance with Consumer Protection from Unfair Trading Regulations, these particulars have been issued in good faith but do not constitute representations of fact or form part of any offer or contract. Reasonable endeavours have been made to ensure that the information given in these particulars is materially correct, but any intending purchaser should satisfy themselves by inspection, searches, enquiries, and survey as to the correctness of each statement. Chapman Stickels have not tested any services or appliances in the property. Any areas, measurements or distances are approximate. Neither Chapman Stickels nor any of its employees has any authority to make or give any representation or warranty in relation to this property. We may give advice (directly or indirectly) to vendors or prospective purchasers on, for instance, valuation, conveyancing, marketing or letting of their own property, mortgages, or finance – for which we may receive a fee.
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