BB&J Commercial is pleased to announce the successful negotiation and sale of a prime residential development site located in Ripley, Derbyshire.
Acting on behalf of the landowners, BB&J Commercial facilitated the sale of the 3.10 acre site, which had the benefit of detailed planning consent for up to 34 new dwellings located on Peasehill Road.
The site is situated close to major transport routes like the A38, A610, and M1, making it an attractive option for developers.
This site garnered significant interest from potential buyers due to its location and development potential. Ultimately, the successful buyer was Futures Housing Group, a leading provider of affordable housing in the region.
Mark Richardson, Partner at BB&J Commercial, commented on the sale:
“This site attracted a lot of interest, which is not uncommon when dealing with land sales. However, as with many land transactions, it required some careful negotiations and perseverance to ensure the deal was successfully completed. We are particularly pleased that the site has been acquired by Futures Housing Group, whose commitment to providing affordable housing aligns with the growing need for homes accessible to all.”
The timing of this sale coincides with the recent announcement by the UK Government in July of a complete review of the national planning system. The government has set an ambitious target to deliver 1.5 million new homes over the next five years, with a substantial portion of these required to meet the demand for affordable housing.
He continued:
“Given the government’s renewed focus on housing provision, we expect to see an increased number of development sites entering the market. Sites with planning consent, as well as strategic land holdings, will be particularly sought after as developers look to meet the heightened demand for new homes. At BB&J Commercial, we have the expertise, industry contacts, and local knowledge to successfully market land to a broad range of developers. We encourage landowners considering selling to get in touch and discuss how we can assist in achieving their goals.”
BB&J Commercial remains committed to helping landowners and developers navigate the evolving property market and achieve the best outcomes. Whether for residential, commercial, or mixed-use developments, their team offers a full suite of services from site marketing to sale negotiation.
For more information on BB&J Commercial’s land and development services, or to discuss potential land sales, contact Mark Richardson at BB&J Commercial.
