Later Living development opportunity with outline planning consent granted in Essex is available for sale
Specialist business property adviser, Christie & Co, has been instructed to sell a Later Living development site in the desirable Essex town of Maldon, which has the benefit of outline planning consent for up to 82 apartments over a 1.47-acre site.
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This is the latest neighbourhood centre scheme being brought forward by Charterpoint Group alongside Charterpoint Senior Living, an experienced specialist senior living developer. The site is situated in a high-profile position in the new Neighbourhood Centre in its Westcombe Park garden suburb development, which comprises a care home, medical centre, convenience food retail, nursery, and ancillary retail uses.
Through the pre-application process, Maldon accepted that there is a need for a range of new purpose-built retirement accommodation within its district. A key part of this is the provision for older people who enjoy the mental health and social benefits of being in a like-minded community but do not need a care package. Maldon would be receptive to a planning application for either C2 or C3 later living scheme.
The scheme benefits from an existing outline consent and offers the opportunity for an operator to incorporate their own bespoke specification and layout requirements at a reserved matters stage of the planning process.
Construction of an adjacent 66-bedroom care home is anticipated to begin in Q1 2025. The wider residential elements of the masterplan are currently being delivered by Countryside Homes, Bellway and Crest Nicholson.
Jordan Rundle, Director - Healthcare Development & Investment at Christie & Co, who is handling the sale, comments, “We are pleased to be offering this exciting Later Living development opportunity in Maldon’s new Westcombe Park garden suburb. The demographic support for a new retirement or assisted living accommodation in the catchment is excellent with 25,000 people over the age of 65, along with elevated affluence levels. As a consequence, the site will be suitable for a range of Later Living models, from luxury to affordable or social ends of the market. The neighbourhood centre will be the focal point for over 1,000 new homes currently coming forward on the masterplan and the Later Living development is close to a range of desirable local amenities including retail, eateries, sports clubs and green spaces, including ancient woodland to be managed by the Lands Trust.”
Giles Nursey, Managing Director of Charterpoint, comments, “Westcombe Park offers a high-quality environment featuring a pleasant landscaped setting and has good access to public transport, amenities and local services that are ideal for multi-generational living. We are pleased to be able to work with Countryside to deliver this exciting senior living and neighbourhood centre development that will be the heart of a thriving community of over 1,000 homes.”
For more on this opportunity, visit: https://www.christie.com/4270612/
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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
Contact the agent:
Jordan Rundle MRICS, Director & Head of Healthcare Development & Investment
P: 07711 767 180 or E: jordan.rundle@christie.com
Will Edwards MRICS, Business Agent – Healthcare Development & Investment
P: 07860 189 704 or E: william.edwards@christie.com
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