The property is located to the north-east of Colchester town centre on the A1232 Ipswich Road.
The property extends to a total area of 53 acres comprising 14 acres of brownfield industrial land, 20 acres of woodland and 19 acres of agricultural land.
The industrial site was formerly occupied by Albea UK limited, a plastic mouldings manufacturer, who relocated to a modern facility on the neighbouring Severalls Business Park in Colchester.
There is a Development Brief for the industrial site which was agreed with the planning authorities for 200-250 new homes and 14,000 sq ft of commercial uses.
In 2013 planning was approved for up to 200 homes on this factory site.
In 2014 the demolishing and remediation of the factory site was completed and sold to Bellway for over £11m.