High Street, Henlow SG16
Freehold | 2.5 acres (0.991 hectares)
RESIDENTIAL DEVELOPMENT OPPORTUNITY
• For Sale by Informal Tender, 12noon on Thursday 16th January 2020
• Outline Planning Permission 20 dwellings
• For Sale freehold, with Vacant Possession
• Site extending to approximately 2.45 acres (0.98 hectares)
The site is being offered for sale with the benefit of Outline Planning Permission for 20 Dwellings. The site is being offered for sale freehold, with vacant possession by way of an informal tender. Bids to be received by 12noon, Thursday 16th January 2020.
Henlow is a popular village, situated some 11 miles South-East of Bedford, 25 miles South-West of Cambridge City Centre.
In addition, the site is convenient located approximately 5 miles from the A1, providing convenient access to A505, A1M and M25. The closes mainline railway station is Arlesey, situated approximately 1.5 miles (25 minute walk) from Henlow. The station provides direct access of London St Pancras International, in approximately 40 minutes and Peterborough, to the North, in approximately 40 minutes.
The village of Henlow is well served providing a primary school, junior school, independent shops, free houses, health farm and parish hall. According to the 2011 census, the village had a population of 2,253.
The site extends to approximately 2.446 acres (0.99 hectares) in size and is positioned to the rear of existing properties fronting the High Street.
The site currently comprises an extensive concrete yard with associated structures relating to the former transport depot. The site is well shielded from the High Street, from which access will be provided.
Outline Planning Consent (Application Reference: CB/18/01002/OUT) was granted by Central Bedfordshire Council on 14th May 2019 for ‘Outline planning application for up to 20 dwellings, including demolition of no.23 High Street and existing business structures, upgrade of existing site access to accommodate vehicles, pedestrian links, landscaping, car parking, drainage and other associated works. All matters are reserved except for access.’
The Appeal Decision notice contains 10 conditions, all of which seem standard for a development of this nature.
Letters of Reliance for the relevant reports will be provided to the successful purchaser, at their own costs.
Unconditional offers are invited for the freehold interest, in excess of £1,800,000.
NEW HOMES VALUES
Carter Jonas’ New Homes Team have created a New Homes Report, outlining anticipated values for Henlow, details of which can be found within the Microsite. Our New Homes Team, headed by Marika Brundell, would be delighted to assist you with any further queries you might have in this regard.
The overall site is owned freehold.
The property has been elected for VAT, and therefore will be charged on the sale price.
• Informal Tender: 12noon, Thursday 16th January 2020
• Developer interviews: Tuesday 21st January 2020 at Carter Jonas, One Station Square, Cambridge, CB1 2GA
• Instruct Solicitors: on or by Monday 27th January 2020
• Legal Meeting with Principles: Week commencing 24th February 2020
• Exchange of Contracts: On or by Monday 16th March 2020
• Completion: On or by Monday 30th March 2020
A Drop Box is available, details of which can be obtained from the selling agents. This will include the following items:
• Title Information
• Decision Notice
• Planning Submission Documentation
• Bidding Proforma
• New Homes Report
• Signed Section 106 Agreement
A viewing day has been arranged. Details can be obtained from the selling agents.
The next steps...
How will you fund the purchase?
Before making an offer on a property you will want to consider your financial situation, your income and outgoings.
Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.
Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
Some advantages of a broker are:
- They do all the legwork for you, working on your behalf with the lender
- They compare wholesale mortgage rates from a large number of banks and lenders all at once
- Wholesale interest rates can be lower than retail (bank branch) interest rates
- You get more loan options because they work with numerous banks and lenders
- Brokers can finance tricky deals because of their knowledge and various lending partners
- Are typically easier to get in contact with, less bureaucratic.
However with your bank maybe able to:
- Build off existing relationship (discounts if you have a checking/saving account)
- You may already know the banker who will handle your mortgage
- Perhaps more trustworthy, more accountable than a smaller shop
- Lower interest rates in some cases
- Ability to add mortgage to existing banking profile and make automatic payments from linked account.
Making an offer
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When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.
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Why not book a free, no obligation valuation of your property and find out how
Carter Jonas can help you make your next move.
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