Residential Development Opportunity
Land to the South of Frinton Road, Thorpe Le Soken, Essex, CO16 0JF For Sale
Note: Red & Blue shaded area shows approximate site boundary, for guidance only.
Residential development opportunity.
Outline planning for 49 residential units split in three parcels (identified as red shaded areas)
Potential to rework the planning consent to increase the density.
Greenfield Freehold site.
Total area of 12 acres (4.85Ha) split into three parcels.
Parcel shaded in blue 2 acre (0.8ha) will be included in the sale, providing potential for further 21 units, or ‘off-site’ accommodation for Affordable Housing – Subject to Planning.
Savills Chelmsford +44 (0) 1245 293250 savills.co.uk
Layout of parcels
Indicative housing layout for consented scheme
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Blue Parcel - Indicative layout for further 21 units
Data Room Technical and planning data is available for download within DropBox :
https://www.dropbox.com/sh/mzy0fkynrz285r1/AAB3StRdr9HYq0XmFfWLnsM2a?dl=0
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Location The site is located on the eastern side of Thorpe-le-Soken towards Frinton, which is approx.. 3.6 miles to the East of the site. The nearest train station is 1 mile south in Thorpe-le-Soken which provides regular train services on the London to Walton-onthe-Naze/Clacton-on-Sea mainline, with a fastest journey time into London Liverpool Street of approx. 1 hour and 20 minutes. The village of Thorpe-Le-Soken has local amenities and service such as a Tesco Express, three public houses and restaurants. The larger settlements of Clacton on Sea and Colchester nearby provide additional leisure and commercial amenities.
Description The site extends to approximately 12 acres (4.8ha) of greenfield land split into four parcels. The site is generally flat with mature hedgerows and trees defining field boundaries. The plots are split by roads running north to south and, on the western plot there are existing residential properties adjacent to the north western and eastern boundaries with gardens backing onto the site.
Our client has obtained positive initial feedback from TDC in this regard however a formal application will be required.
Community Infrastructure Levy and S106 Agreement The vendor will transfer the S106 and CIL liabilities to the purchaser upon completion. CIL not presently adopted in Tendring District. The s106 contains provisions to provide 25% of the units as affordable, with an 80/20 tenure split in favour of affordable rent units. The document also provide for an Education Contribution of £179,605.00 and an off-site open space contribution of £35,831.00
Existing Wayleaves, Easements and Rights of Way The site will be sold subject to and with the benefit of all wayleaves, easements and rights of way, whether or not mentioned in these particulars.
Tenure and Possession The site is available for sale on a freehold basis.
Viewing Planning
TDC Planning reference 16/00838
Viewing should be arranged by prior appointment with Savills. Unaccompanied viewings can be undertaken with details in hand during daylight hours only. Prospective purchasers should note that Savills take no responsibility for any injury or accident at the site. Viewers visit the site at their own risk.
PI Ref APP/P1560/W/17/3166985.
Directions
The Blue Parcel indicated on the front page of these particulars, extends to circa 2 acres and will be included in the sale. This plot does not benefit from a residential planning consent however it is deemed appropriate for up to 21 units, allocated as ‘off site’ affordable units if required.
From the A12 Colchester, follow the A120 to Clacton/Weeley and take turning off for A133, take 1st exit at the roundabout for A133, at next round about follow first exit onto B1033, follow this into Thorpe-Le-Soken, first exit over two roundabouts onto Frinton road, Turn down Hall lane to park.
The site was granted outline planning permission with conditions on appeal for the development of up to 49 residential units, including 25% affordable dwellings. This was granted at appeal on the 31st October 2017.
VAT The property is currently not opted to tax and any guide prices quoted or discussed are exclusive of VAT. In the event that a sale or any part of it or any right attached to it becomes chargeable for the purpose of VAT, such tax shall be payable by the purchaser.
Access Vehicular access to the site will be from the existing junction of Lighthouse Drive and Frinton Road, and a new priority junction will be created to Plot 1. Hall Lane will not be used for the development.
Method of Sale The site is being marketed by private treaty process, with expressions of interest invited. In submitting offers, parties should provide sufficient information to allow the vendor to assess the nature of the proposal and the level of due diligence undertaken. We will also be grateful to have details of any proposed Overage provisions that are offered to enable the vendor to take a share in any revised and improved density pursuant to a subsequent planning consent. Expressions of interest should be sent to the agents, for the attention of Tom Higgins, Savills, Parkview House, Victoria Road South, Chelmsford Essex CM1 1NG or by email to
[email protected]. The vendors are not bound to accept the highest or indeed any offer and may withdraw the property from the market at any time.
Contacts Tony Lockwood +44 (0) 1245 293263
[email protected] Thomas Higgins +44 (0) 1245 293250
[email protected] March 2018 Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.