Plot for sale

PRIME RESIDENTIAL DEVELOPMENT SITE - REDRUTH, CORNWALL

13.5 ha. | POA

Property Description

Commercial information

  • 33.4 acres (13.5 hectares)

Key features

  • 13.50 HA (33.36 ACRES)
  • OUTLINE PLANNING PERMISSION GRANTED
  • UP TO 370 DWELLINGS PLUS 2000 SQM OF B1 EMPLOYMENT SPACE
  • FOR SALE BY PRIVATE TREATY
  • AVAILABLE IN PART OR AS A WHOLE

Full description

Tenure: Freehold

THE SITE

This well located parcel of development land is situated on the western side of Redruth, to the south of the A30 and to the north of the A3047, approximately 1 mile from Redruth town centre. The land extends to approximately 13.50 hectares (33.36 acres) and benefits from outline planning consent to include up to 370 dwellings, 20% of which are required to be affordable.

The approved planning consents also provide for significant improvement works to the A3047 (including new cycleway and pedestrian improvements) - the financial contribution for which has been paid by the current owners. This road scheme is to provide a new 'gateway' entrance to Redruth, and enable the site to be connected to the town in urban planning terms. It forms part of the planned Urban Extension of the town, and will be connected by the 'Redruth Corridor' which is to be a regenerated Chapel Street, the driver of which is the already-funded Kresen Kernow scheme.

The site is currently arable farmland although shows some signs of the former mining industry that occurred on part of the site. The A30 corridor runs to the north of the site within a steep sided cutting and the major urban areas of Redruth lie to the east. The site is generally level or gently sloping.

REDRUTH

Redruth is an important market and industrial town in west Cornwall and, together with the neighbouring settlements of Camborne and Pool forms the largest urban conurbation and regeneration area in Cornwall. The site forms part of a wider urban extension area (including c. 600 new residential dwellings) which lies on the western edge of Redruth separated from the town by the A3047. This western side of Redruth is in the process of 12m worth of regeneration works to be undertaken over the next few years. The site lies in a strategic location in relation to Redruth, located between the Tolgus and Tolskithy valleys. These valleys link to the north and flow out at Portreath and provide strategic pedestrian and cycle routes to the north. The site is ideally located close to the town centre and the railway station.Redruth School is within a 5 minute walk of all parts of the site with other community facilities easily accessible by foot or car. The location of the A30 trunk road provides key links to the west and east.

PLANNING

The site benefits from a grant of outline planning permission (Hybrid application) for the remodelling of the A3047 and up to 370 dwellings; up to 2000sqm B1 employment space; at least 400sqm of community facilities; at least 2.9ha open space and green infrastructure; internal footpaths and cycle ways; car parking; and foul and surface water drainage infrastructure under reference PA12/09717 on the 30th May 2013.

This application was followed by further applications and approvals, to include:

PA15/07343 - Modification of S106 Agreement - approved 27th September 2016
PA16/02727 - Non-Material Amendement relating to proposed road works - approved 21st April 2016
PA16/02734 - Discharge of Conditions relating to Outline Approval - approved 17th May 2016
PA16/04720 - Approval of Reserved Matters (Cycleway & Footpath) - approved 15th July 2016

The development is to provide 20% affordable housing along with additional requirements set out in a S106 agreement.

HIGHWAYS AGREEMENT

The grant of consent and associated S106 agreement contains a provision requiring the owner to pay a contribution of 1.6 million towards specified Highways works. It should be noted that this sum has been paid by the land owner, with the Highways works due to commence in November 2016 and be completed within approximately 12 months.

TECHNICAL

A full pack of technical information is available from the agents including copies of the planning permission, S106 agreement, planning documentation, utility information and geotechnical report.

METHOD OF SALE

The land is offered for sale by way of private treaty. The vendor would prefer to dispose of a first phase but is also open to a sale of all the land. The amount of land to be included in a first phase is negotiable and so prospective purchasers are encouraged to contact the agents to discuss their requirements. The sale of the land will be subject to VAT.

VIEWING

Please contact the agents to confirm your intention to view and make access arrangements.

More information from this agent

Listing History

Added on Rightmove:
09 November 2016

Nearest stations

  • Redruth (0.6 mi)
  • Camborne (3.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

KLP, Exeter

Newcourt Barton Clyst Road, Topsham, EX3 0DB

01392 799148 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

  • Redruth (0.6 mi)
  • Camborne (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

KLP, Exeter

Newcourt Barton Clyst Road, Topsham, EX3 0DB

01392 799148 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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