Redevelopment of derelict Pegasus Boatyard site in Oulton Broad will be complete in two years
- Credit: Picture: Nick Butcher
Developers say plans to transform a derelict boatyard near Lowestoft will take another two years to complete.
Badger Building was given the green light to redevelop the former Pegasus Boatyard in Oulton Broad in April 2013.
It plans to build 76 new homes, offices and a boatyard on the site, which has been vacant for a decade.
But the company has now said it could be more than two years until the first properties will be ready for occupation.
Edward Gilder, land and planning manager for Badger Building, said: 'Quay heading work should be completed by the end of June, following which, construction of the 76 new homes, offices and boatyard buildings can commence.
'It will be around 12 months before recognisable building structures rise out of the ground and a further 12 months from then before the first properties will be available for occupation.'
He said work commenced on the site, off Caldecott Road, last autumn after receiving planning permission from the Broads Authority.
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It begun with quay heading repair and replacement, including the construction of a reed bed fringe to the broad's northern shore.
Mr Gilder said piles have been sunk to depths of up to 18m to stabilise the edge of the site, and will provide support for the new office building and car park.
'These state of the art structures will allow water to flow beneath them at times of flood, whilst remaining usable above the flood level,' Mr Gilder said.
The site will feature a mixture of town houses and apartments, with three apartment blocks topped with penthouse flats fronting the northern shore of the broad.
Moorings will be constructed around the broad for up to 40 vessels.
Ben Falat, chairman of the newly formed Oulton Broad Parish Council, said while the redevelopment of the site was welcome, there were still concerns about traffic.
He added: 'The [Commodore] Road is not up to taking extra traffic and that is a concern for us.'
In planning papers that went before the Broads Authority in 2013, it was stated that 470 two-way vehicle movements would be generated from the site each day.