'Wisbech Gateway' site expected to sell within weeks

The triangular-shaped 3.44-hectare site, which carries a multi-million-pound price tag, is situated alongside the A47 and Cromwell Road in Wisbech and is currently on the market with Watling Real Estate Ltd.

The freehold site, previously under the control of Godwin Group and known as the Wisbech Gateway.

Alex Sweetman, a director in Watling’s  Leeds office, described the site as having a key roadside location 1.5 miles to the south of Wisbech town centre.

The area of land is currently on the market and is expected to sell in weeks, for a multi-million-pound sum.(Image: Watling Real Estates)

It is situated next to the busy A47 Wisbech bypass, providing the main arterial route between Peterborough and King's Lynn.

 Planning permission is in place for a commercial business park delivering a mix of industrial units, a petrol filling station, a retail kiosk, “drive-thru” restaurants, a hotel, and associated infrastructure.

The site was intended to be called Wisbech Gateway, and it lies close to one of Wisbech's already established commercial areas, including a Tesco supermarket, a cinema,two retail parks, as well as numerous factories and businesses.

Alex added: “This is a highly visible site with an estimated five million vehicles passing on the A47 each year.

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An aerial view of the site known as the Wisbech Gateway, which has planning permission for a commercial site complete with a hotel.(Image: Watling Real Estates)

“We are inviting offers on the site and will consider conditional proposals, subject to planning.”

 He told the Wisbech Standard that the receivers, who are selling the land on behalf of a lender to the previous owners, have asked not to have a guide price attached to the land.

"We have already had a lot of interest in the site. We are selling it through an informal tender process, and it is likely to be marketed for the next four to six weeks," said Alex.

He continued: "At the end of that time, we will consider the best bids. We will let the market dictate the site's value."

The site has planning permission for use as a commercial area, including a hotel, restaurant, and petrol filling station.(Image: Watling Real Estates)

Alex is confident that there will be a sale within the coming weeks.

Further details can be obtained from alex.sweetman@watling.com or by viewing here.

Watling Real Estate is the UK’s largest and most experienced real estate restructuring practice with 18 staff, including eight registered property receivers.

The firm offers nationwide coverage through offices in London, Birmingham, Manchester, Leeds, and Bristol.

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