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Land for sale

Land To The East Of The Ridgeway, Milldale Road, Farnsfield, Notts, NG22

Sold STC £3,000,000
6.4 ac.

Property Description

Commercial information

  • 6.4 acres (2.6 hectares)

Full description


AREA of 2.603 hectares (6.432 acres)



Location - The land is situated to the east of The Ridgeway and Milldale Road and is located on the outskirts of the sought after village of Farnsfield.

Farnsfield is a small village serving a population of approx. 2700 and provides a wide range of shops including a Co-operative supermarket, butchers, bakers, hairdressers, two public houses, chemist, doctors surgery, library, village hall and church.

The village is situated to the east of the A614 Nottingham - Bawtry road and is situated approx. 4 miles west of the historic minster town of Southwell and approx. 8 miles east of Mansfield. There are regular bus services from the village to the city of Nottingham which is approx 12 miles to the south and to Mansfield and Southwell.

There is good road access via the A614 to the A1 to the north, and Junctions 27,28 and 29 of the M1 Motorway are approx. 15 miles to the west.

Description - The land is situated to the east of The Ridgeway and comprises a series of small fields which have been permanent pasture for many years.

The proposed access to the site is via Milldale Road in the south and The Ridgeway in the north, and these form part of an established site for residential development consisting of detached houses, chalet bungalows and bungalows based on the Radburn system with pedestrian walkways.

The Site - The site has a maximum depth of 247ms, an average width of approx. 100ms, and a total site area of 2.603 hectares (6.432 acres).

The land slopes gently from north towards the south.

Planning - Planning consent was issued by Newark & Sherwood District Council in accordance with Decision Notice 14/01576/OUTM dated December 2015. A copy of the Decision Notice and Section 106 Agreement is available for inspection.

Section 106 Agreement - The Section 106 Agreement is dated 1st December 2015 and provides :

Intermediate Housing Units: 7 units comprising two semi detached or terraced houses each with two bedrooms, which shall be offered for sale on the basis of a shared equity arrangement.

Social Rental Units: 11 social rental units comprising one flat with two bedrooms, 7 semi detached or terraced houses each with two bedrooms, and 3 semi detached houses with three bedrooms, which will be offered for rent subject to (a) rent controls that require a rent of no more than 80% of the local market rent (including service charges where applicable) or (b) rent controls that require a rent which is a guideline target rent as determined through the national rent regime and which shall be exempt from the right to acquire in accordance with the Housing (Right to Acquire or Enfranchise) (Designated Rural Areas in the East) Order 1997.

Section 106 Contribution - Community Facilities Contribution of £1181.25 multiplied by the no of dwellings, ie £70,875.

Education Contribution of £148,915, index-linked.

Integrated Transport Contribution of £22,000.

Libraries Contribution of £2323.

Off-Site Childrens Play Area contribution of 18m2 multiplied by the no of dwellings to be built on the site, less the total area in m2 of the On-Site Childrens Play Area multiplied by £50.18 .

On-Site Open Space of not less than 14.4m2 multiplied by the no of dwellings to be built.

Documents - Copies of the Flood Risk Assessment, Arboricultural Survey Report and Method Statement, Archaeological Desk Based Assessment, Ecological Report and the Transport Statement, together with the Master Plan, are all available on disc from the Agents which can be forwarded to interested parties.

A copy of the Contract for the sale of the freehold of the ransom strip is also available on the disc.

Tenure - Tenure of the land is freehold.

Services - We understand that mains water, gas, electricity and drainage are available for connection from The Ridgeway and Milldale Road. Prospective purchasers should make their own enquiries with the relevant authorities.

Asking Price - Offers are sought in excess of £3M.

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Listing History

Added on Rightmove:
23 November 2016

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