Picture1 FOR SALE

FOR SALE
Map Data: Google, Infoterra Ltd. & Bluesky
Picture1
RESIDENTIAL DEVELOPMENT SITE
Land off Ling Road, Loughborough, Leicestershire
01509 233433
Land off Ling Road,
Loughborough, Leics
An opportunity to acquire
approximately 9.329 hectares
(23.05 ac) of residential
development land with
outline planning permission
for up to 200 dwellings
LOCATION
The site is situated to the south-east of Loughborough lying
in the Parishes of Loughborough and Quorn. The town
centre of Loughborough is 2.3 km to the north-west and
there is good access to the nearby strategic road network,
including the A6004, A6, A46 and M1.
The site is well located for the renowned Loughborough
Endowed Schools, including Fairfield Preparatory School,
Loughborough Grammar and Loughborough High Schools.
Further, Beacon Academy is located 500 metres to the
north-west.
The site is well located for a number of bus services and
Loughborough mainline railway station is 3 km to the north
with direct links to Leicester and London to the south and
Nottingham to the north.
DESCRIPTION
The site is located on the south-eastern edge of
Loughborough and extends to a total of 9.329 ha (23.05 ac)
or thereabouts, subdivided by Lodge Road, which links the
site to the A6/Leicester Road to the north.
The site is bounded to the north-west by the Loughborough
Cemetery and Crematorium; to the east by the Great
Central Railway; and to the south by Ling Road and
Woodthorpe Roundabout, from which the primary access
will be taken.
TENURE
The site is offered for sale freehold with vacant possession
on completion.
VALUE ADDED TAX
Exemption to VAT has not been waived on the land and it is
understood that no VAT will be charged on the purchase
price. The vendors reserve the right to waive their
exemption to VAT on the land.
OVERAGE
Interested parties should note that the vendors will seek to
impose an overage on unit numbers/coverage and a sales
value overage and interested parties are requested to
provide details of the same in their bid submission.
RANSOM STRIP
The vendors will retain out of the sale a 0.5-metre wide
ransom strip on part of the northern boundary of the site
between the crematorium and the Great Central Railway.
INFORMATION PACK
A comprehensive online information pack may
downloaded from the dedicated website:www.matherjamie.co.uk/lingroadloughborough
be
PLANNING AND SECTION 106 AGREEMENT
The site benefits from outline planning permission under
application reference P/12/2641/2 for up to 200 dwellings.
All matters are reserved within the outline planning
permission with the exception of access, although indicative
details have been provided for layout, landscaping and public
open space.
The planning permission has 25 conditions and a copy of the
same is available as part of the information pack.
The Section 106 Agreement requires the developer to:provide 30% of the dwellings for affordable housing (75%
social rent; 25% intermediate). There is provision for a
possible ‘two for one’ swap of 4 No. 2-bed houses for 2
No. 2-bed bungalows. Further potential exists for
reduction of affordable housing to 22.5% in the event
that an exemplar social housing element is introduced
(see ‘Exemplar Social Housing’ below);
pay an education contribution of £96,792 (assuming that
development on the Ling Road site commences before
that consented on Allendale Road – please refer to the
Section 106 Agreement for the relevant formula);
pay community facilities contributions as follows:- 2 No. equipped play areas (£49,413 each): £98,826;
- RT/4 off-site facilities (£400 per dwelling): £80,000;
pay a community facilities maintenance contribution of
£11,596;
pay a health facilities contribution of £195.06 per
dwelling (£39,012);
pay a transport contribution of £21,982 (a further
£16,882 will fall due on implementation of the consented
Allendale Road site);
pay a balancing pond maintenance contribution of
£21,000 (assuming one pond only);
pay a library contribution;
undertake off-site highway improvements;
provide on-site open spaces and pay an open space
maintenance contribution of £64,014 per ha or pro rata;
provide and pay for travel packs and bus passes;
pay S106 contribution monitoring costs.
The S106 Agreement is available as part of the information
pack.
CEMETERY EXTENSION
The vendors have agreed to provide to the Local Authority
retained land outside the red-line sale area for a cemetery
extension, as documented within the Section 106
INDICATIVE LAYOUT (not to scale)
Agreement and more specifically shown on the plan
included within the information pack.
GROUND INVESTIGATIONS
A Phase 1 desk study and Phase II ground investigation have
been commissioned by the vendors and the report is
available as part of the information pack.
ARCHAEOLOGY
An archaeological desk-based assessment was prepared to
support the planning application. A written scheme of
investigation is required to be agreed and undertaken to
satisfy condition 9 of the planning consent.
ECOLOGY
A Phase 1 habitat survey report was prepared to support
the planning application. An ecological management plan and
a scheme for bird and bat boxes are required to be
prepared to satisfy conditions 6 and 15.
FLOOD RISK ASSESSMENT
The flood risk assessment (FRA) confirms that the entire
site is located within Zone 1 of the Environment Agency’s
flood zone maps, which indicate little or no chance of
flooding.
The FRA proposes that surface water run-off should be
discharged into the watercourse running through the site
(Woodthorpe Brook) via a series of balancing ponds and
swales.
A hydrological study of Woodthorpe Brook is required to
be undertaken to satisfy condition 11.
UTILITIES ASSESSMENT
The vendors have commissioned a utilities assessment to
inform the availability of services for the site and for the
vendors’ retained land at Allendale Road. The report is
included within the information pack.
DESIGN CODE
The vendors have commissioned Andrew Hiorns to prepare
a Design Guidance report with design code details, which
has been submitted to Charnwood Borough Council in
accordance with condition 5 of the planning consent. A
copy of the report is included within the information pack.
EXEMPLAR SOCIAL HOUSING
The vendors proposed the option of delivering an element
of exemplar social housing to Passivhaus standards, which
was accepted by Charnwood Borough Council and which is
reflected in the Section 106 Agreement in return for
reducing the percentage of affordable housing from 30% to
a minimum of 22.5%.
Prospective purchasers who express an interest in this
option should note that the Loughborough University
School of Civil and Building Engineers have expressed an
interest in collaborating on the social housing. Further
details on this matter can be obtained from the information
pack or from the selling agents.
WAYLEAVES, COVENANTS, EASEMENTS AND
RIGHTS OF WAY
The property is sold subject to all wayleaves, easements,
covenants and rights of way whether disclosed or not.
LOCAL AUTHORITIES
Charnwood Borough Council
Council Offices
Southfield Road
Loughborough
Leics LE11 2TX
Tel: 01509 263151
VIEWINGS
Any person in possession of a copy of these sales particulars
may view the site during daylight hours.
METHOD OF SALE
The property is offered for sale by informal tender. The
successful bidder will be required to purchase the land on
an unconditional basis. All offers are to be received at
Mather Jamie’s offices by 12:00 noon on Wednesday 13th
November 2013, clearly marked ‘Tender – Land off Ling
Road, Loughborough – F.A.O. Andrew Bamber’.
Interested parties should submit their proposals in writing
using the tender form available as part of the information
pack. E-mailed and faxed offers will be accepted if followed
by a hard copy by post. The vendors reserve the right to
reject any or all offers.
VENDORS
The vendors are Parkers of Leicester Limited.
AGENT’S NOTE
For clarification, we wish to inform prospective purchasers
that we have prepared these particulars as a general guide.
ENQUIRIES
For further information with regard to the land, please
contact the selling agents:Mather Jamie Ltd
3 Bank Court
Weldon Road
Loughborough
Leics LE11 5RF
Contact:
Tel:
Fax:
E-mail:
Andrew Bamber
01509 633724
01509 248900
[email protected]
LOCATION PLAN (not to scale)
01509 233433
MATHER JAMIE
Chartered Surveyors
3 Bank Court, Weldon Road, Loughborough,
Leicestershire LE11 5RF
tel: 01509 233433
fax: 01509 248900
email: [email protected]
website: www.matherjamie.co.uk
PROPERTY MISDESCRIPTIONS ACT 1991
All statements contained in these particulars are provided in good faith and are
believed to be correct. Their accuracy is not guaranteed nor do they form part
of any contract or warranty. Prospective purchasers should note the following:1.
All dimensions, distances and floor areas are approximate and are given for
guidance purposes only. Potential purchasers should satisfy themselves as to
the validity of the figures given.
2.
Information on tenure/tenancies and possession is provided in good faith.
We recommend prospective purchasers have this information verified by
their solicitors prior to completion of any purchase/letting.
3.
Information relating to Town and Country planning matters and the
availability of services has been obtained by verbal enquiry only from the
appropriate Local Authority.
4.
Mather Jamie do not warrant that there are no connection charges in the
availability of services to the property and furthermore prospective
purchasers/tenants should obtain written confirmation prior to entering into
contract for purchase or lease from the relevant companies.
5.
We have not tested on services, central heating installations, plumbing
installations or electrical installations and therefore the prospective
purchaser/lessee should undertake independent investigations as to
condition of all services and mechanical/engineering installations.
M121 Printed by Ravensworth 01670 713330