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Freehold residential development opportunity in historic market town

Jul 27, 2017

A series of ‘open viewings’, beginning next month (August) to showcase a prime residential development site for sale in the heart of Stamford is being organised by commercial property agency Barker Storey Matthews.

Freehold residential development opportunity in historic market town

Currently trading as restaurant called Mr Pangs, Barker Storey Matthews is instructed as the sole agent in the sale of the freehold of the premises and accompanying site at 1 Cheyne Lane which runs from the the town’s High Street to St Mary’s Street.

According to the agent, the freehold of the premises – which includes the current, commercial shop frontage, building and space to the rear to give a total site of 0.132 acres – affords a rare residential opportunity in Stamford.

Guidance received from the local planning authority indicates pre-application support for redevelopment of the premises and site to see high quality apartments in the town centre. 

While the relatively small front element of the building fronting Cheyne Lane is a Grade II Listed property, the majority of the property is not part of the Listing.  Commercial planning advice suggests that the redevelopment of the premises and site could provide up to 8,500 sq ft of brand new, prime residential space.

Julian Welch, Director, Barker Storey Matthews Peterborough, is leading the agency’s marketing of 1 Cheyne Lane and is confident of serious and qualified interest in this development opportunity.

He advises, “Freehold opportunities in the centre of historic market towns such as Stamford are incredibly rare.  We expect strong levels of demand, hence hosting series of open viewing events beginning in August to accommodate all interested parties who register with us.  First viewings will only be available at these scheduled times.”

The freehold is being sold on an ‘offers invited’ basis and the closing date for bids is no later than 12 noon on 19 September at Barker Storey Matthew’s office on Priestgate, Peterborough.

For a full information pack and to register interest in attending any of the four open viewings which begin in August, contact  Julian Welch, Barker Storey Matthews, tel 01733 897722, jw@bsm.uk.com.

Ends 


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