Residential Development for sale

87.82 Acres of Land Allocated for Residential Development at Clifton, Nottinghamshire

£10,500,000

Property Description

Full description

Tenure: Freehold

LOCATION
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.

TERMS
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.

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

PLANNING
CURRENT PLANNING SITUATION
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.

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.

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:

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

LOCAL AUTHORITY
Rushcliffe Borough Council
Civic Offices
Pavillion Road
West Bridgford
Nottingham


OTHER
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

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
o Traffic & Transport Pt 2
o Agricultural Land
o 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
Two form entry primary schools £8,000,000
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
Public open space
The Affordable Housing Policy for Rushcliffe Borough Council is 30%

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.

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.


More information from this agent

Nearest stations

  • Beeston (2.2 mi)
  • Attenborough (2.7 mi)
  • Nottingham (3.3 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

  • Beeston (2.2 mi)
  • Attenborough (2.7 mi)
  • Nottingham (3.3 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.

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