Last Updated: 12 December 2009
The property forms part of the Paragon Park regeneration masterplan, which is provided within these particulars. Proposals for the redevelopment include approximately 450 residential units, a further small development of industrial units adjacent to Stoney Stanton Road and a neighbour shopping centre in the heart of the development. This former office building will, as planned, extend to circa 60,000 sq ft and can be extended vertically or horizontally to provide further accommodation if required. It sits on a proposed site of circa 2.7 acres and will be suitable for a variety of uses subject to planning. These might include offices, hotel use, educational establishment, medical establishments etc. Recently Paragon have submitted a revised planning application from the original consent granted in 2007 to vary the development as a whole to provide more family style housing and, after research, a smaller neighbourhood centre. Paragon UK are either prepared to consider a sale of the property as it currently stands or, alternatively, will consider a full refurbishment programme and arrange a sale on a bespoke package or on a leasehold arrangement subject to satisfactory terms being agreed. ( Agency Pilot Ref: 1158 )
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