138 High Street, Billericay, Essex, CM12

Description

William Ross Land & Commercial is pleased to bring to market a rare and unique development opportunity, prominently positioned in the heart of Billericay High Street.

The property benefits from full planning permission with matters reserved for a extensive mixed-use redevelopment, comprising of new build and conversion elements with the potential for optimisation. This represents an achievable opportunity for developers seeking a scheme with excellent commuter links in a high demand area. The presence of premium retail operators on the High Street reflects the areas affluent character.

The approved scheme offers residential value through the new build element, while thoughtfully retaining the grade 2 listed building which consists of its relevant conversions and commercial frontage further increasing its value. The development has been designed with the dynamics of the area in mind, this is clearly demonstrated by the attractive façade of the approved buildings.

Planning Consent - Summary

Planning Permission:

Change of use and conversion of the High Street building (Cristi's Bar) to create one residential dwelling, with the ground-floor commercial unit (Use Class E) retained to maintain active frontage. Application for approval of details reserved by Condition 4 (Heritage Asset Method Statement)-
25/01476/COND - PENDING

Construction of two new residential blocks delivering 12 units, enhancing site utilisation in line with local planning policy.
Conversion of the existing outbuilding to form three self-contained residential units.
Development of a new detached dwelling on Stanley Terrace.
25/00556/FULL - GRANTED

Development Considerations

Prominent High Street position located in close proximity to high end retail/F&B outlets and good schooling. Great transport links and easy commuting help to offer robust values and a strong demand in the area.

Subject to planning this scheme offers the ability to adjust and refine a number of elements to maximise profits, or to adhere to the desired approach and end user.

The combination of new build and conversion components offers the opportunity for phased completions.

The ground floor commercial unit space provides potential for attractive returns in a sought after area. Also offers the option to secure a strong capital value on disposal.

Location
Billericay is widely considered as one of Essex' most sought after market towns. Combining a thriving town centre with a mix of retail, dinning and leisure amenities. The town benefits from excellent transport links, including direct trains to London Liverpool Street. This makes the area a hot spot for families and commuters alike. The rental market in Billericay also benefits from these factors with a high demand for rental property, as a result rental values remain strong.

Site & Planning Context
Situated in a prime location on an established high street, the site benefits from excellent accessibility and is set with in a vibrant environment of retail, dining and residential activity. The planning permission granted demonstrates the local authority's endorsement of town centre redevelopment and the sensitive increase of residential provision of sustainable, well connected areas.

Interested parties are advised to carry out their own due diligence in relation to planning requirements, Community Infrastructure Levy (CIL), Section 106 obligations along with construction costs and relevant assessments.

Data Room
A full information pack-including the planning decision notice, approved drawings, reports, and supporting technical documentation-is available to qualified parties upon request.