Former Co-op building Alexandra Road, , NN17 1PE • Prime redevelopment opportunity in Corby, measuring approximately 2.13 acres and benefitting from direct highway access.

• JLL are appointed to dispose of the freehold interest of the site.

• A prime residential opportunity within short walking distance of Corby town centre and Corby Railway Station.

• Outline planning application submitted for up to 110 no dwellings and flexible retail space.

Corby is located approximately 35 miles from Airport which allows for access to many major European destinations. The site is located in Corby, which is Northamptonshire's third largest urban Corby has its own railway station, located approximately 800m center. Corby sits 19 miles northeast of Northampton and 70 miles northwest of east of the subject site and 700m from the town center. Trains London. run on average once every hour between Corby and , seven days per week, with most services continuing to London St The site is centrally located 200m to the north of the town centre, with vehicular Pancras International. access from Alexandra Road, close to its junction to George Street. The surrounding area comprises a mix of retail, leisure and residential uses. Oasis Retail Park, Willow Railway Destination Frequency Average Journey Place and Corby Town Shopping Centre are situated immediately opposite. Time

The location provides access to the A43 and the M1 motorway beyond at Junction London St Pancras One per hour 90 minutes 15. The A1(M) is accessed via the A12 and A47 dual carriageway arterial route which International via provides access out of Corby Town Centre. Kettering Kettering One per hour 31 minutes

Oakham One per day 21 minutes The site extends to approximately 2.13 acres (0.86 ha) including the existing detached former Co-op food-store with its primary frontage and entrance onto Alexandra Road and associated car parking.

An Outline planning application for the site has been submitted for up to 110 no dwellings with flexible ground floor retail space.

Offers are invited on either a conditional or unconditional basis for the freehold title.

The site sits within the jurisdiction of Corby Borough Council and Northamptonshire County Council.

An outline planning application (20/00155/OUT) has been submitted to Corby Borough Council for a residential mixed-use scheme which includes the demolition of the existing food-store and erection of up to 110 residential dwellings. The residential element at maximum density would comprise 29 houses and 81 apartments with 170 sq m of A1/A3 commercial floorspace on the ground floor of the building on the corner of Alexandra Road and Wood Street.

Two indicative masterplan options have been submitted with the planning application and a third proposal is being discussed. In addition an Economic Viability Analysis has been submitted, which shows that the proposed scheme cannot support a contribution towards affordable housing.

The planning application has been dealt with by Pegasus Planning Group. Any enquiries regarding the application can be redirected by JLL to the appointed representative of Pegasus. Please do not make any direct enquiries to the planning authority at this stage of the application process. It is anticipated that the application will be determined in October 2020. Offers Invited Information Pack

The Site is offered for sale by way of Informal Further information is available, including: Tender. • Arboriculture Impact Assessment Offers are invited for the freehold interest of the • Contamination Report whole site, either on an unconditional or subject to • Energy and Sustainability Strategy Reserved Matters Approval basis. • Illustrative Masterplan Options • Transport Statement Offers should be made in writing and should • Travel Plan include the following as a minimum: • Flood Risk Assessment • Design & Access Statement • Details of the proposed scheme including indicative • Layout and drawings • Conditions associated with the offer Viewings & Further Information • Proposed timescales for exchange and completion Please contact the sole selling agent JLL for any • Solicitors’ details additional information. Any ‘on-site’ viewings are • Payment profile and availability of funds to be strictly by prior arrangement.

Expressions of interest and offers should be Upon receipt of your expression of interest JLL will addressed to Anabel Christmas, Residential Team, provide access to all the property specific Nottingham and should be submitted in hard copy information available including the legal and or via email to [email protected] planning details. Please note that the Vendor is not obligated to VAT accept the highest offer or indeed any bid submitted during the marketing process. To be confirmed by the Seller’s solicitor. Tenure

The Site to be sold freehold with vacant possession upon legal completion. Anabel Christmas Keir Salter +44 (0)115 908 2132 +44 (0)121 634 6571 +44 (0)7592 112069 +44 (0)7889 002969 [email protected] [email protected] jll.co.uk MISREPRESENTATION ACT 1967 | DISCLAIMER COPYRIGHT © JONES LANG LASALLE IP, INC. 2020. All rights reserved. Jones Lang LaSalle for themselves and for the vendors of this property whose agents they are give notice that: a) The particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. b) The information contained in this communication has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither Jones Lang LaSalle nor any of their employees, directors, advisers and / or representatives shall have any responsibility or liability whatsoever for any loss howsoever arising from any use of or reliance upon this communication or its contents or any further communication relating to the subject matter of this communication or otherwise arising in connection with this communication. The information set out herein is confidential and may be subject to updating, completion, revision, verification and amendment and such information may change materially. c) No person in the employment of Jones Lang LaSalle has any authority to make or give any representation or warranty whatever in relation to the subject matter of this communication. 08/2020.