A multi-million pound housing complex is set to help the ongoing regeneration of Chelmsford city centre after Essex County Council agreed to sell a former staff car park.
The half-acre site on Rainsford Road is set to be sold after interested parties were invited to submit bids in October last year.
The preferred bidder plans to build a retirement living complex of 45 homes, 26 two-bed apartments and 19 one-bed properties, subject to the exchange of contracts and the approval of a planning application.
Cllr David Finch, Leader of Essex County Council, said: “The plans for this key piece of land will help the ongoing regeneration of Chelmsford city centre, while providing much-needed jobs and housing for older people.
“We received a number of ambitious bids for the site which were assessed on their mix of deliverability, benefit and value.
“As a landowner, Essex County Council has a statutory duty to achieve the best possible sale price for the taxpayer and this option was substantially larger than any other bid, while meeting our objectives for new homes, jobs and regeneration.”
The site is currently used as a council staff car park and a public car park out of office hours.
Cllr Finch added: “While the council recognises the importance of car parking, our significant investment in the Park and Ride bus system provides visitors with a low cost and efficient alternative for travelling into the city, which also reduces congestion on the roads.”