IMPORTANT REGENERATION OPPORTUNITY WITHIN
GATEWAY PLAZA DEVELOPMENT, FARADAY ROAD, NEWBURY, BERKSHIRE
Extending to approximately 1.62 acres (0.65 hectares) with expected potential to accommodate Up to circa 150 units together with ancillary commercial.
Newbury is an affluent market town located in West Berkshire which serves as the regions principal commercial centre with a population of almost two million people within 90 minutes of the town.
Newbury has benefited from substantial inward investment and regeneration and as a result is experiencing good economic and population growth. The town is strategically placed at the ‘cross roads’ to the south east /Thames Valley and South Coast to the Midlands. Newbury is ranked as one of the best places in the UK to live and work. The town offers a huge range of amenities including shopping, recreational and cultural facilities.
The town has excellent transport links with access via A34 to J13 of the M4 which in turn provides direct access to Swindon and Bristol in the west and reading, Heathrow Airport, London and the M25 in the east. Newbury train station offers direct services to London Paddington of circa 40 minutes.
SITUATION AND DESCRIPTION
The property lies in a strategic position fronting
onto the inner ring road through the town
and within West Berkshire Council’s adopted,
Bond Riverside, fl agship regeneration area.
An extant planning permission covers this and
adjoining land. Further information is available
from the agents. The site is ideally located
just to the east of Newbury town centre and
nearby Victoria Park, and benefi ts from easy
walking distance of the towns many facilities
including Newbury railway station, providing
access into London Paddington within the hour,
and bus/coach terminus. Junction 13 of the M4
motorway is approximately 4-miles away.
The site with adjoining land (sold separately)
has Planning Permission for 160 residential
fl ats, a 48 fl at apart-hotel, over 5,000sqm of
commercial space and 353 parking spaces.
The site o ers a unique opportunity to create
a stand-alone development within a major
redevelopment area of this sought after market
town. The vendors have had constructive
discussions with West Berkshire Council who
are supportive of a residential led scheme
accessed from Kelvin Road to the north. We
believe that the site has capacity for up to 150
apartments, subject to planning permission.
The Council are also keen to see the inclusion
of an element of commercial space and we
envisage this could be accommodated on the
eastern section of the site, with separate access
and direct frontage to Faraday Road.