High Street, Henlow SG16

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 OPPORTUNITY
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.

LOCATION
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
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.

PLANNING
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.

PRICE
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.

TENURE
The overall site is owned freehold.

VAT
The property has been elected for VAT, and therefore will be charged on the sale price.

TIMESCALES
• 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

ADDITIONAL INFORMATION
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

VIEWING ARRANGEMENTS
A viewing day has been arranged. Details can be obtained from the selling agents.

Key Property Details
Location
Brownfield Village Immediate Land
Plot Range
6 to 20 Plots
Use
Unconditional With Planning Houses Affordable
Tenure
Freehold
Size of land
2.5 acres (0.991 hectares)
Carter Jonas reference
PDE190019
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