Land At Downland, Kingsgrove OX12
An opportunity to acquire a serviced parcel of residential development land at the exciting Kingsgrove development, on the edge of the market town of Wantage, Oxfordshire with outline planning permission for 171 residential dwellings.
Kingsgrove will become a 227 acre new settlement in the heart of Oxfordshire, providing up to 1,500 new homes, a new 2 form entry primary school and neighbourhood centre (including pub/restaurant, retail, care, day nursery, offices and community facilities) on the north eastern edge of the town.
The landowners and St Modwen Developments have a long-term strategy for the delivery of serviced parcels of residential and commercial development opportunities.
The Property extends to approximately 10.23 acres (4.13 hectares) of open agricultural land previously in arable use.
Downland sits at the heart of the Kingsgrove scheme. Primary access to the parcel will be taken via the southern link road from the A417 Reading Road to the south. Full vehicular access will be provided by the way of a new access road that is already in place and servicing other parcels.
Vale of White Horse District Council granted outline planning permission (reference: P13/V1764/O) for the Kingsgrove Development on 13th July 2015 for:
“Residential development of up to 1,500 dwellings including new employment space (use class B1), a neighbourhood centre / community hub (use classes A1, A2, A3, A4, A5, B1, C2, D1 and D2), new primary school, central park, ancillary areas (including allotments and sports pitches) with access off the A338 Grove Road and three accesses off the A47 Reading Road. Provision of a strategic road link between the A417 and the A338 Road to be known as the Wantage Eastern Link Road.”
A Data Room has been prepared to accompany these particulars and includes all relevant planning, technical, legal and end sales information, as well as bidding guidance.
Prospective purchasers should note that the Vendors will expect them to have obtained and carefully considered the contents of the Data Room prior to submitting their offer.
Data room can be found at: www.kingsgrove-wantage.info
VAT will be chargeable on the sale price.
METHOD OF SALE
The opportunity is offered for sale freehold with vacant possession by informal tender with unconditional offers sought.
The Vendors may consider the provision of overage as part of offers received. Please note that the Purchaser will be permitted to build up to 171 dwellings only.
Offers should be received by email in accordance with the Bidding Guidance contained on the Data Room.
Bid deadline is 12 noon on Thursday 20th February 2020.
The property may be viewed from the highway. Parties wishing to walk the site should arrange an appointment with Carter Jonas.