Residential Development for sale

Development Land off Cromford Road, Aldercar, Nottinghamshire

Under Offer 6.9 ac. | £1,500,000

Property Description

Commercial information

  • 6.9 acres (2.8 hectares)

Full description

Tenure: Freehold

LOCATION
The consented site, is located to the north of the conurbation of Aldercar, and south of the A610 bypass. The site borders Cromford Road and Aldercar Lane. Aldercar lies between the conurbations of Eastwood and Ripley.

The A610 adjoins the A38 to the north-west and the M1 at Junction 26 to the south-east.

DESCRIPTION
The site is green field and extends to approximately 6.9 acres. The site accessed off Cromford Road slopes away gently to its northern boundary and borders an unadopted road known as Aldercar Lane, being the northern boundary of the conurbation of Aldercar north of Langley Mill.

The site benefits from a Detailed Planning Consent for 59 market dwellings, which was achieved via the developers, William Davis, under Application No: AVA/2013/0481 which was granted on 19 May 2015. The key conditions of the Planning Consent are as follows:

a) Before development can commence a pedestrian crossing must be provided under a Section 278 Agreement.

b) Before operations commence a temporary access for construction purposes should be formed onto Cromford Road.

c) All premises on site should be protected from road traffic noise as identified under a Noise Impact Assessment Report previously provided. Noise mitigation measures will be implemented to protect dwellings as defined by the Report.

TERMS
METHOD OF SALE
The property is offered for sale by Private Treaty with the benefit of vacant possession on completion. The vendor will consider unconditional offers or offers subject to replacement dwellings only.

GUIDE PRICE
We are instructed to invite offers for the freehold interest in the property at a guide price of £1,500,000.

VAT
The guide price quoted within these particulars is exclusive of VAT. However, the vendor reserves the right to charge VAT although it is understood that currently it is intended that the site will be sold without VAT.

PLANNING
SECTION 106 AGREEMENT
Affordable Housing Contribution
A sum constituting profit made by the developer in respect of the development in excess of 20% as calculated using methodology and assumptions as set out in a previously accepted and submitted Viability Appraisal, which included the costings and provisions of 30% of the units being affordable.

EDUCATION CONTRIBUTION
An Education Contribution based on £11,399.01 per additional primary school place.

OFF SITE OPEN SPACE CONTRIBUTION
An Off-site Open Space Contribution calculated at £1,729.20 per market dwelling.

OTHER
SURFACE WATER AND BALANCING AREA
The surface water and balancing area is off-site and in third party ownership. A plan showing this area is set out within the particulars of sale. This area is included as part of this sale although two contracts will be needed to complete the purchase from two separate owners and an apportionment of the agreed purchase price will be allocated to the two areas.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY
The land 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.

DOCUMENTATION
The documentation to support the current Planning Application can be provided via the Sole Selling Agents and is available via disc. The following information is included within it.

a) Copy of the Planning Permission and Viability Appraisal
b) Location Plan
c) Site Layout Plan
d) Copy of the Section 106 Agreement
e) Ecological Appraisal
f) Combined Phase I Desk Study and Phase II Exploratory Investigation
g) Noise Impact Assessment
h) Design and Access Statement
i) Flood Risk Assessment
j) Transport Assessment
k) Planning Support Statement
l) Provisional Floor Level Plan
m) Coal Ming Risk Assessment
n) Plans showing House Types and Site Sections

The reports are owned by William Davis. They are available for purchase by the successful purchaser for £100,000.

VIEWING
NOTES
Please note that the field may, on viewing, contain livestock. To that end, please view the property from the boundary or, should you need to walk the land, arrange this in advance with the Sole Selling Agent.

VIEWING AND FURTHER INFORMATION
To make arrangements to view the property or to receive further supporting documentation please contact the Sole Selling Agents:

Brown & Co
Tel: 01476 514433
Fax: 01476 594242
Email: Nick.dawes@brown-co.com or Nathan.roe@brown-co.com
Contact: Nick Dawes or Nathan Roe


More information from this agent

Nearest stations

  • Langley Mill (0.7 mi)
  • Newstead (5.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brown & Co, Commercial

Market Chambers Tuesday Market Place, King's Lynn, PE30 1JJ

01553 403101 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Langley Mill (0.7 mi)
  • Newstead (5.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brown & Co, Commercial

Market Chambers Tuesday Market Place, King's Lynn, PE30 1JJ

01553 403101 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100005010580. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brown & Co, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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