Significant Investment and Development Opportunity For Sale on Essex/Suffolk Border
The Directors of Redding Park Development Company Limited would like to announce that the property known as Stafford Park, Long Melford, is being placed on the market for sale with commercial agents, Fenn Wright.
The factory complex (circa 200,000 sq. ft.) was formerly owned and operated by IFF and is currently fully let to a diverse range of occupiers. The land area on offer is situated on both sides of the River Stour and measures in excess of 104 acres including farmland.
Lewis Chambers FRICS commented “Stafford Park represents a unique investment opportunity, generating an immediate rental income of £440,000 per annum, rising to £487,000 within the current lease terms. With a guide price of £6 million, this substantial asset is considered reversionary and offers potential for further development.”
Stafford Park has a long history of industrial use and the site originally operated as a flax mill before evolving into a major manufacturing centre associated with Stafford Allen & Sons, founded in 1833. Known for producing pharmaceuticals, essential oils and herbal extracts, the company became part of a larger consolidation in 1964, eventually forming Bush Boake Allen and becoming one of the world’s leading manufacturers of fragrances and flavourings. The industrial buildings, which were mainly constructed during the 1950s and 1960s, include B1, B2 and B8 planning use classes.
The Directors of RPDC Ltd have resolved that after 20 years of ownership, the previous constraints on the site have been addressed and the property is now in a position to be taken over by an investor who recognises its ongoing potential.