87.82 Acres 87.82 Acres

Report 3 Downloads 302 Views
01476 514433 | [email protected]

RESIDENTIAL DEVELOPMENT LAND, Clifton, Nottinghamshire FOR SALE £ 10,500,000 FREEHOLD LAND ALLOCATED FOR RESIDENTIAL DEVELOPMENT •

Has a Resolution to Grant Planning forming part of a 3,000 house and employment land application.



Allocated in Rushcliffe Borough Council’s adopted plan for residential development.



Subject to the signing of the Section 106 Agreement only to become an implementable consent.



A draft Equalisation Agreement is ready for signature between the landowners making up the allocated site.

87.82 Acres

Location

o o o

The land is accessed off Nottingham Road south of the suburb of Clifton and just off the newly upgrade A453 between Nottingham and the M1.

Description The land is currently farmland and cropped for arable purposes. The site has direct access onto Nottingham Road which may allow for some limited early housing prior to the implementation of some of the bigger infrastructure obligation.

Traffic & Transport Pt 2 Agricultural Land Cumulative Effects

Section 106 Agreement The Section 106 Agreement has not yet been entered into and nor have negotiations commenced. However, it is understood that the Local Authority have requested that the Section 106 Agreement includes the following: Item

Estimated Cost

Current Planning Situation

Two form entry primary schools

£8,000,000

The land falls in the jurisdiction of Rushcliffe Borough Council. This and surrounding land forms part of an adopted allocation for circa 3,000 houses and a direct access onto the newly upgraded A453. The site also benefits from a Resolution to Grant planning following the submission of a planning application, subject only to the completion of the Section 106 Agreement.

A contribution to off-site secondary school

£6,500,000

Off-site highway contribution

£1,700,000

Off-site county highways contribution (being contested)

£1,300,000

Off-site indoor leisure contribution

£1.600,000

On-site community hall provision

£1,400,000

On-site health centre (Has value and therefore, could be sold)

£2,000,000

Much planning work has been carried out already, and it is known what obligations the Local Authority would like to see within the Section 106 Agreement, which will be referred to in more detail later on in these particulars. Therefore, it is possible to get an implementable consent quickly. Under the current Master Plan, the land for sale will be mostly housing with some landscaping.

Public open space The Affordable Housing Policy for Rushcliffe Borough Council is 30%

Landowner Cooperation There is an Equalisation Agreement, the terms of which have been agreed between all parties is ready to be signed. It is understood that all parties are prepared to enter into it

It is understood that Rushcliffe Borough Council are keen to see this site delivered. It is possible that up to 500 houses could be delivered off Nottingham/Gotham Road in advance of the main scheme.

Documentation All planning documentation is available via disc which can be forwarded on request. The contents of the planning disc includes the following: •

Site Location Plan



Planning Statement



Design & Access Statement



Public Consultation Document



Non-Technical Summary o Summary o Development Proposals o Planning Policy o Socio-Economic Considerations o Landscaping & Visual Effects o Ecology & Nature Conservation o Geology, Soil & Ground Water o Water Resources & Drainage o Noise & Vibration o Air Quality o Cultural Heritage o Traffic & Transport Pt 1

Areas Via the master planners the sale land extends to 87.02 acres gross which represents 14.8% of the entire landholding with the development land. Interested parties must make their own assessment of area.

Easements, Wayleaves and Rights of Way The site is sold subject to, and with the benefit of, all existing obligations and rights, including rights of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements and all wayleaves, whether referred to or not in these Particulars.

Measurements Effort has been made to be accurate as to the size of the property that has been made available for sale, however, all interested parties should carry out their own investigation to satisfy themselves as to the size of the land area.

VAT It is understood that the land has not been registered for VAT however, the vendor reserves the right to elect to charge VAT.

Printed by Ravensworth 01670 713330

Method of Sale The property is being offered for sale as a whole.

Terms The property is being offered for sale subject to a Farm Business Tenancy in favour of the vendor.

Guide Price The property is being guided at £10,500,000.

Planning Consultant The Planning Consultant that dealt with the planning application and acted on behalf of landowners will be available to speak to. Their contact details are:

Local Authority Rushcliffe Borough Council Civic Offices Pavillion Road West Bridgford Nottingham

Viewing/Further Information Viewing can be carried out with a copy of the particulars of sale, however, it is requested that any site inspection is carried out on foot only. Tel: Fax: E-mail: Contact:

01476 514433 01476 594242 [email protected] Nick Dawes

Oxalis Planning Limited Unit 7, Wheatcroft Business Park Landmere Lane Edwalton Nottingham, NG12 4DG Tel: 0115 984 5009 Contact: Ben Holmes

Aerial Photograph

Artists Impression

Printed by Ravensworth 01670 713330

IMPORTANT NOTICES Brown & Co for themselves and for the Vendors or Lessors of this Property give notice that: 1. These particulars are intended to give a fair and accurate general outline only for the guidance of intending Purchasers or Lessees and they do not constitute an offer or contract or any part of an offer or contract. 2. All descriptions, dimensions, references to condition and other items in these Particulars are given as a guide only and no responsibility is assumed by Brown & Co for the accuracy of individual items. Intending Purchasers or Lessees should not rely on them as statements or representations of fact and should satisfy themselves as to the correctness of each item by inspection or by making independent enquiries. In particular, dimensions of land, rooms or buildings should be checked. Metric/imperial conversions are approximate only. 3. Intending Purchasers or Lessees should make their own independent enquiries regarding use or past use of the property, necessary permissions for use and occupation, potential uses and any others matters affecting the property prior to purchase. 4. Brown & Co, and any person in its employ, does not have the authority, whether in these Particulars, during negotiations or otherwise, to make or give any representation or warranty in relation to this property. No responsibility is taken by Brown & Co for any error, omission of mis-statement in these particulars. 5. No responsibility can be accepted for any costs or expenses incurred by intending Purchasers or Lessees in inspecting the property, making further enquiries or submitting offers for the Property. 6. All prices are quoted subject to contract and exclusive of VAT, except where otherwise stated. 7. In the case of agricultural property, intending purchasers should make their own independent enquiries with the RPA as to Single Payment Scheme eligibility of any land being sold or leased. 8. Brown & Co is the trading name of Brown & Co – Property and Business Consultants LLP. Registered Office: Granta Hall, Finkin Street, Grantham, Lincolnshire NG31 6QZ. Registered in England and Wales. Registration Number OC302092. These particulars were produced in July 2016.

Printed by Ravensworth 01670 713330