Residential Development, Investment & Vacant Properties - Realla
Residential Development, Investment & Vacant Properties Middleton Towers Carr Lane, Middleton Near Lancaster, LA3 3FN
Middleton Towers, Carr Lane, Middleton, Near Lancaster, LA3 3FN A superb real estate opportunity on the shores of Morecambe Bay for a party to complete, invest or rethink both the land and buildings at this unique retirement village.
Savills Manchester Belvedere, 12 Booth Street Manchester M2 4 AW
0161 602 8211 savills.co.uk
LB
5.2m
Groyne
Shingle
Dra
Greendales
in
Pond
2
Groyne
9 6
NDER LAVE
WAY
10
10
El Sub Sta
Sand
N AT
TE
CK
RJA
LAN
Greendales Leisure Park
E
SM
Middleton Towers
1 to 12 Ppg Sta
4.9m
Coniston House
D ra in
1o6
Kendal House
D OO W
33
3
ER DG BA Drain
27
Bowling Green
11
19
25
Drain
Pond
ck Tra
Dunes
0m
50m
100m
150m
Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2014. Not to Scale - For Identification Purposes Only. Plotted Scale - 1:3500 Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432.
The Property
Schedule 1
The property currently comprises a part complete, gated retirement complex set in approximately 26 acres of land on the shores of Morecambe Bay. The opportunity forms part of a larger 26 hectare master-plan which was intended to deliver some 650 retirement dwellings including both bungalows and apartments, as well as a nursing home. The opportunity representing the initial phases of the scheme currently comprises 55 completed dwellings, 36 of which are occupied and have been sold on 150 year long leases. The other 19 units are substantially complete and unsold.
Address
Type
GIA (sq.ft)
GIA (sq.m)
15 Badger Wood
Bungalow
1,021
95
5 Coniston House
Apartment
817
76
8 Coniston House
Apartment
817
76
12 Coniston House
Apartment
817
76
1 Kendall House
Apartment
773
72
2 Kendall House
Apartment
816
76
3 Kendall House
Apartment
818
76
Plot 112 Lavender Way
Bungalow
1,021
95
Plot 114 Lavender Way
Bungalow
1,021
95
The bungalow units are attractively designed and feature stone and rendered elevations, private gardens to the rear, some with conservatories and open areas to the front with parking spaces.
Plot 115 Lavender Way
Bungalow
1,021
95
Plot 116 Lavender Way
Bungalow
1,021
95
Plot 117 Lavender Way
Bungalow
1,021
95
Plot 120 Lavender Way
Bungalow
1,021
95
The development is served by a gym, pool and leisure complex which is included in the sale.
Plot 122 Lavender Way
Bungalow
1,021
95
Plot 125 Lavender Way
Bungalow
1,021
95
The balance of the development comprises 36 properties sold on 150 year leases as well as approximately 12 acres of undeveloped land.
Plot 126 Lavender Way
Bungalow
1,021
95
19 Middleton House
Apartment
21 Middleton House
Apartment
The vacant completed units are shown in Schedule 1.
Plot 108 Natterjack Lane
Bungalow
925
86
15,993
1,486
Total
Location Situated on the shores of Morecambe Bay, Middleton Towers is situated approximately 1km to the south of Heysham and 6km to the south of Morecambe. The port at Heysham has regular ferry services to both the Isle of Man and Ireland, whilst it’s close neighbour, Morecambe, provides a wider range of shops and services, a pleasant promenade and notable buildings and landmarks including the recently refurbished Midland Hotel. The development is situated off Carr Lane, Middleton in a secluded coastal position. Travel distance to Lancaster is 8 miles, Junction 34 of the M6 is 9 miles, Morecambe railway station with services to Lancaster (mainline), Leeds and Preston is 5 miles away. The Lake District National Park is 30 miles to the north.
Planning - Implemented Consent The pertinent planning applications are as follows. Outline planning permission (ref: 00/00156/OUT) for the retirement village, comprising of dwellings, other residential accommodation, retail, leisure, recreation and ancillary administration facilities, new access and circulation, landscaping and other associated works was approved following a call in inquiry on 15 February 2002. Reserved matters were approved by the Council on 17 October 2005 (ref: 05/00740/REM) and subsequently amended in August 2007 (ref: 07/00799/ FUL). This has been implemented and parts of the retirement village have now been constructed.
Planning – Additional Consents Full planning permission was granted on 15 March 2010 (ref: 09/01188/FUL) for the ‘erection of 33 no. dwellings with associated external works’ on land at Badger Wood, which forms a part of the wider site. This sought to re-plan that part of the scheme known as ‘Badger Wood’ and resulted in a reduction of residential units from 57 flats to 33 houses on that part of the site. This consent has been approved for renewal under ref: 13/00265/RENU on 15 May 2014.
Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2014. Not to Scale - For Identification Purposes Only.
The Existing Agreements Planning permission (ref: 00/00156/OUT) is subject to a S.106 agreement between Lancaster City Council and The Glory Hole Limited dated 17 October 2001, as varied by a deed of variation dated 6 September 2005. Copies will be made available upon request. The Agreement contains the following obligations: 1. Scale of Development No more than 650 units will be constructed on the site (including the residential care home) of which no less than 20% of the total number of units shall be “car free” design. 2. Affordable Housing Requires 10% of the dwellings constructed on site to be affordable and provides detailed requirements for the transfer of the affordable housing to an RSL and defines those qualifying for the affordable dwellings. 3. Occupation of Dwellings Restricts the occupancy of the dwellings to a household whose head of the house is not less than 55 years of age without the prior consent in writing from the LPA. There is an application pending to remove this restriction. 4. Phasing of the Development The development shall be carried out either in single continuous phase or in three separate phases namely: • Phase 1 – not more than 208 dwelling units including 10% affordable dwelling units, a reception / administration facility, a leisure and health club / clubhouse. • Phase 2 – not more than 223 dwelling units including 10% affordable dwelling units, the residential care home, ancillary retail facilities, a guest house and a library within the existing listed building. • Phase 3 – the remaining dwelling units including the remaining affordable dwelling units. Please note that phases 2 and 3 relate to land outside of the subject property.
5. Use of On-Site Facilities by the Wider Community Limits the use of the on-site leisure facilities for use by residents of the site or the Parish of Middleton who are aged 60 or over or registered disabled under the National Assistance Act 1949. 6. Provision of a Bus Service • Requires the owner to operate a minibus service, subject to several specific operational requirements, for a period of 5 years from the occupation of the first dwelling. 7. Green Transport Plan Requires the submission of and adherence to a green travel plan, including measures such as a car washing scheme, cycle storage facilities, shower facilities and the display of public transport information together with a mechanism for periodic review.
The Opportunity Middleton Towers represents a unique development opportunity on the shores of the 120 square miles of Morecambe Bay for a party to complete the development as proposed or to consider alternative development solutions for the remaining sites. In addition to the development opportunity, there is an option to acquire the already constructed units and ground rents.
Method Of Sale
Tenure
We are seeking offers for a sale of the freehold interest in the property (including the undeveloped land) subject to the leasehold interests. The sale is subject to all applicable landlord and tenant legislation, including but without limitation, the 1987 Act. Consequently, whilst we are seeking offers for the property as a whole at this stage, interested parties should be aware that the effect of this legislation may well impact on the extent of the freehold interest in the property which the vendor is ultimately able to sell and the price payable, the way in which any sale needs to be structured and the method of sale itself. Interested parties should take their own independent legal advice on the position.
Land – Freehold Built Stock – Leasehold 150 years from 24th August 2007
VAT Stock and chattels at valuation
Further Information
Technical information
A data room with information has been prepared and is available to seriously interested parties via a dedicated secure website (www. savills.co.uk/middletontowers). Please contact us to obtain the password information.
Technical information can be assessed from our dedicated website http://savills.ftpuk.net
Viewings
Login: Middleton
Strictly by appointment with the vendors agents.
Password: Development
Important Notice The vendor is a company in administration. No warranties or representations will be made or are available on the sale. The company and the administrators will also not reply to any pre-contract enquiries. The vendor will sell with no title guarantee and the vendor will only transfer such right title and interest as the vendor has in the property, with no liability. The purchaser will be expected to fully indemnify the vendor and the administrators in respect of the sale of the property. Please note, the administrators of Coast Developments (NW) Limited (in administration), the vendor, act as agents and contract at all times without personal liability. 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. Designed and Produced by Savills Marketing: 020 7499 8644 | May 2014
Middleton Towers, Carr Lane, Middleton, Near Lancaster, LA3 3FN A superb real estate opportunity on the shores of Morecambe Bay for a party to complete, invest or rethink both the land and buildings at this unique retirement village.
Savills Manchester Belvedere, 12 Booth Street Manchester M2 4 AW
0161 602 8211 savills.co.uk
LB
5.2m
Groyne
Shingle
Dra
Greendales
in
Pond
2
Groyne
9 6
NDER LAVE
WAY
10
10
El Sub Sta
Sand
N AT
TE
CK
RJA
LAN
Greendales Leisure Park
E
SM
Middleton Towers
1 to 12 Ppg Sta
4.9m
Coniston House
D ra in
1o6
Kendal House
D OO W
33
3
ER DG BA Drain
27
Bowling Green
11
19
25
Drain
Pond
ck Tra
Dunes
0m
50m
100m
150m
Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2014. Not to Scale - For Identification Purposes Only. Plotted Scale - 1:3500 Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432.
The Property
Schedule 1
The property currently comprises a part complete, gated retirement complex set in approximately 26 acres of land on the shores of Morecambe Bay. The opportunity forms part of a larger 26 hectare master-plan which was intended to deliver some 650 retirement dwellings including both bungalows and apartments, as well as a nursing home. The opportunity representing the initial phases of the scheme currently comprises 55 completed dwellings, 36 of which are occupied and have been sold on 150 year long leases. The other 19 units are substantially complete and unsold.
Address
Type
GIA (sq.ft)
GIA (sq.m)
15 Badger Wood
Bungalow
1,021
95
5 Coniston House
Apartment
817
76
8 Coniston House
Apartment
817
76
12 Coniston House
Apartment
817
76
1 Kendall House
Apartment
773
72
2 Kendall House
Apartment
816
76
3 Kendall House
Apartment
818
76
Plot 112 Lavender Way
Bungalow
1,021
95
Plot 114 Lavender Way
Bungalow
1,021
95
The bungalow units are attractively designed and feature stone and rendered elevations, private gardens to the rear, some with conservatories and open areas to the front with parking spaces.
Plot 115 Lavender Way
Bungalow
1,021
95
Plot 116 Lavender Way
Bungalow
1,021
95
Plot 117 Lavender Way
Bungalow
1,021
95
Plot 120 Lavender Way
Bungalow
1,021
95
The development is served by a gym, pool and leisure complex which is included in the sale.
Plot 122 Lavender Way
Bungalow
1,021
95
Plot 125 Lavender Way
Bungalow
1,021
95
The balance of the development comprises 36 properties sold on 150 year leases as well as approximately 12 acres of undeveloped land.
Plot 126 Lavender Way
Bungalow
1,021
95
19 Middleton House
Apartment
21 Middleton House
Apartment
The vacant completed units are shown in Schedule 1.
Plot 108 Natterjack Lane
Bungalow
925
86
15,993
1,486
Total
Location Situated on the shores of Morecambe Bay, Middleton Towers is situated approximately 1km to the south of Heysham and 6km to the south of Morecambe. The port at Heysham has regular ferry services to both the Isle of Man and Ireland, whilst it’s close neighbour, Morecambe, provides a wider range of shops and services, a pleasant promenade and notable buildings and landmarks including the recently refurbished Midland Hotel. The development is situated off Carr Lane, Middleton in a secluded coastal position. Travel distance to Lancaster is 8 miles, Junction 34 of the M6 is 9 miles, Morecambe railway station with services to Lancaster (mainline), Leeds and Preston is 5 miles away. The Lake District National Park is 30 miles to the north.
Planning - Implemented Consent The pertinent planning applications are as follows. Outline planning permission (ref: 00/00156/OUT) for the retirement village, comprising of dwellings, other residential accommodation, retail, leisure, recreation and ancillary administration facilities, new access and circulation, landscaping and other associated works was approved following a call in inquiry on 15 February 2002. Reserved matters were approved by the Council on 17 October 2005 (ref: 05/00740/REM) and subsequently amended in August 2007 (ref: 07/00799/ FUL). This has been implemented and parts of the retirement village have now been constructed.
Planning – Additional Consents Full planning permission was granted on 15 March 2010 (ref: 09/01188/FUL) for the ‘erection of 33 no. dwellings with associated external works’ on land at Badger Wood, which forms a part of the wider site. This sought to re-plan that part of the scheme known as ‘Badger Wood’ and resulted in a reduction of residential units from 57 flats to 33 houses on that part of the site. This consent has been approved for renewal under ref: 13/00265/RENU on 15 May 2014.
Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2014. Not to Scale - For Identification Purposes Only.
The Existing Agreements Planning permission (ref: 00/00156/OUT) is subject to a S.106 agreement between Lancaster City Council and The Glory Hole Limited dated 17 October 2001, as varied by a deed of variation dated 6 September 2005. Copies will be made available upon request. The Agreement contains the following obligations: 1. Scale of Development No more than 650 units will be constructed on the site (including the residential care home) of which no less than 20% of the total number of units shall be “car free” design. 2. Affordable Housing Requires 10% of the dwellings constructed on site to be affordable and provides detailed requirements for the transfer of the affordable housing to an RSL and defines those qualifying for the affordable dwellings. 3. Occupation of Dwellings Restricts the occupancy of the dwellings to a household whose head of the house is not less than 55 years of age without the prior consent in writing from the LPA. There is an application pending to remove this restriction. 4. Phasing of the Development The development shall be carried out either in single continuous phase or in three separate phases namely: • Phase 1 – not more than 208 dwelling units including 10% affordable dwelling units, a reception / administration facility, a leisure and health club / clubhouse. • Phase 2 – not more than 223 dwelling units including 10% affordable dwelling units, the residential care home, ancillary retail facilities, a guest house and a library within the existing listed building. • Phase 3 – the remaining dwelling units including the remaining affordable dwelling units. Please note that phases 2 and 3 relate to land outside of the subject property.
5. Use of On-Site Facilities by the Wider Community Limits the use of the on-site leisure facilities for use by residents of the site or the Parish of Middleton who are aged 60 or over or registered disabled under the National Assistance Act 1949. 6. Provision of a Bus Service • Requires the owner to operate a minibus service, subject to several specific operational requirements, for a period of 5 years from the occupation of the first dwelling. 7. Green Transport Plan Requires the submission of and adherence to a green travel plan, including measures such as a car washing scheme, cycle storage facilities, shower facilities and the display of public transport information together with a mechanism for periodic review.
The Opportunity Middleton Towers represents a unique development opportunity on the shores of the 120 square miles of Morecambe Bay for a party to complete the development as proposed or to consider alternative development solutions for the remaining sites. In addition to the development opportunity, there is an option to acquire the already constructed units and ground rents.
Method Of Sale
Tenure
We are seeking offers for a sale of the freehold interest in the property (including the undeveloped land) subject to the leasehold interests. The sale is subject to all applicable landlord and tenant legislation, including but without limitation, the 1987 Act. Consequently, whilst we are seeking offers for the property as a whole at this stage, interested parties should be aware that the effect of this legislation may well impact on the extent of the freehold interest in the property which the vendor is ultimately able to sell and the price payable, the way in which any sale needs to be structured and the method of sale itself. Interested parties should take their own independent legal advice on the position.
Land – Freehold Built Stock – Leasehold 150 years from 24th August 2007
VAT Stock and chattels at valuation
Further Information
Technical information
A data room with information has been prepared and is available to seriously interested parties via a dedicated secure website (www. savills.co.uk/middletontowers). Please contact us to obtain the password information.
Technical information can be assessed from our dedicated website http://savills.ftpuk.net
Viewings
Login: Middleton
Strictly by appointment with the vendors agents.
Password: Development
Important Notice The vendor is a company in administration. No warranties or representations will be made or are available on the sale. The company and the administrators will also not reply to any pre-contract enquiries. The vendor will sell with no title guarantee and the vendor will only transfer such right title and interest as the vendor has in the property, with no liability. The purchaser will be expected to fully indemnify the vendor and the administrators in respect of the sale of the property. Please note, the administrators of Coast Developments (NW) Limited (in administration), the vendor, act as agents and contract at all times without personal liability. 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. Designed and Produced by Savills Marketing: 020 7499 8644 | May 2014
