East Suffolk Council is now moving forward with the initial phase of The Nexus development which is looking to regenerate the industrial zone known as the Power Park in Lowestoft.
Planning permission was granted for the development in October 2023 following 2 years of detailed design and planning, and it is now hoped that the work will now progress at pace, with an expected completion date for the development of Autumn 2024.
The existing site on Newcombe Road, which has been vacant for nearly 3 years, is occupied by two industrial buildings that are now beyond their economic life, and the initial phase of works will see these demolished as part of the new proposals.
With construction commencing in early 2024 the site will be redeveloped to include 16 purpose-built contemporary business units of varying sizes, ranging between 35m2 and 225 m2. The site will also be landscaped, internal estate roads will be created with car parking, cycle storage and waste collection provision.
View 01 - Looking east along new access road into site. |
The development will provide modern premises for local companies and attract businesses to Lowestoft. It incorporates a range of unit sizes, to appeal to both start-up and more established businesses. It is an exciting development opportunity for the Power Park in a town which is already attracting investment from the clean energy sector and other industries.
View 02 - Looking north east along Newcombe Road showing both new access roads into the site. |
The Nexus is the first significant project by the council to revitalise this area and aims to drive economic growth as well as providing new employment opportunities.
The development has seen colleagues from East Suffolk Council supported by Allman Woodcock Ltd, work closely with teams from SEH French and Concertus Design & Property Consultants Limited to realise the vision for the site.
The units will be marketed by Bycroft Commercial, and any early interested parties are encouraged to contact Bycroft Commercial directly on 01493 844489. Expected completion for The Nexus is Autumn 2024.