£1.5 m sale of Norwich redevelopment site secured

Penn Commercial has sold a 2.181-acre site at Mousehold Lane, Sprowston, Norwich to East Anglia specialists, Boudica Developments, for £1.5 million. The site was formerly occupied by Start Rite shoes.
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Penn acted jointly with Roche Surveyors, on behalf of Saint Vincent Developments Limited and Peter Colby Commercials Limited.  

Vanessa Penn, Managing Director of Penn Commercial, said:  

“We are delighted to have sold this important site in Norwich, as one of many lettings and sales that we have transacted in the Norfolk area.” 

Nicholas Clark, Co-founder and Director of Boudica Developments Limited, said:  

“We are excited to finally bring this project forward, on what is a challenging site in the current difficult climate. The proposed new Care Home and Elderly Living scheme will be a high-quality development, bringing one of the premier UK operators into a purpose-built facility, in a highly-visible and prominent location.  

“The proposed development will enhance and improve the local context and provide a solution to a site, which has been an eye-sore for some considerable time for local residents and the City. Avery Healthcare and Boudica Developments are seeking to raise the standards of Care Home / Assisted Living provision within the East Anglia region, and the proposed new flagship care home will be Avery’s first new home within Norfolk.” 

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