Ipswich: Growing interest in site previously earmarked for new Tesco store
The future of the site that had been proposed for a new Tesco supermarket in Grafton Way could become clearer in the next few months.
However the final use for the large plot – formerly occupied by a B&Q warehouse and a temporary car park – remains unclear.
The company engaged by Tesco’s development arm Spen Hill Properties to market the site has already had a number of expressions of interest.
But its bosses have refused to comment on reports that Tesco is looking for somewhere between £10million and £12m for the land. The marketing brochure produced by agents Mark Liell and Son suggests it could be used for residential use alongside some retail, leisure, and possibly hotel developments.
If the speculation about the price for the site is accurate, it is unlikely to be used for a substantial number of traditional homes.
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David Coleby, from Mark Liell and Son, said there had been interest both from individual businesses looking at part of the site and from developers interested in the whole area.
“The level of interest is certainly encouraging, but it may take quite a time for a firm offer to come in – it may be that businesses looking for premises link up with developers looking to take on the whole site.”
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Tesco has suggested it could try to lodge a new planning bid for a smaller supermarket on the site. Mr Coleby said that was a matter for them.
Ipswich Central has been following the saga of Grafton Way for several years, and its chief executive Paul Clement said his members did not see it as a priority site for the development of the town.
He said: “We would certainly not be likely to oppose a development with the emphasis on residential use.”