Whitecroft Road, Meldreth SG8

Whitecroft Road, Meldreth SG8

Freehold | 2.5 acres (1 hectares)

Residential Development Opportunity
For Sale by Informal Tender, 12noon Monday 28th October 2019
Outline Planning Permission for 9 Open Market Dwellings
Site extending to approximately 2.5 acres
(1 hectare)
Walking distance from Meldreth Railway Station

THE OPPORTUNITY
The site is being offered for sale with the benefit of Outline Planning Permission for 9 Open Market Dwellings.
The site is being offered for sale freehold, with vacant possession by way of an informal tender.
Bids to be received by 12 noon, Monday 28th October.

LOCATION
Meldreth is a popular village, situated some 11 miles South-West of Cambridge City Centre, 4.5 miles north east of Royston and 14 miles North West of the market town of Saffron Walden. In addition, the site is located approximately 1 mile from the A10, providing convenient access to the A505, M11 and A1(M), leading into the wider road network.
The village benefits from a mainline railway station positioned 0.2 miles (5 minute walk) from the subject site. Services from Meldreth Railway Station run on a regular basis to either Cambridge, in 15 minutes, to the North or London Kings Cross in 50 minutes, to the south.
The village of Meldreth is well served providing a primary school, convenience store, post office, butchers, farm shops, public house and village hall.

THE SITE
The site extends to approximately 2.5 acres (1 hectare) and is positioned to the rear of a number of existing properties fronting onto Whitecroft Road and Chiswick End.
The site currently comprises a number of Christmas trees, many of which will need removing ahead of commencing the development. The site is well shielded from the adjacent roads and properties; access will be provided from Whitecroft Road. Appropriate rights will need to be retained for the adjoining properties; 29, 31 and 33 Whitecroft Road, over the access way. Details of which can be found within the Registered Title.

PLANNING
Outline Planning Permission (Application Reference: S/0971/OL) was granted at appeal by the inspector on the 21st May 2019, for 9 open market dwellings, with all matters reserved except for access. Appeal Ref: APP/W0530W/18/3214057.
The initial application for the 9 units was refused by South Cambridgeshire District Council on the 16th July 2018, on the grounds the site is positioned outside of the Development Framework.
Letters of Reliance for the relevant reports will be provided to the successful purchaser, at their own cost.

PRICE
Offers are invited for the freehold interest, in excess of £1,200,000.

NEW HOMES VALUES
Carter Jonas’ New Homes Team have created a New Homes Report, outlining anticipated values in Meldreth, details of which can be found within the Data Room.

TENURE
The overall site is owned freehold. However, appropriate rights have been retained for 29, 31 and 33 Whitecroft Road, over the access way. Details of which can be found within the Registered Title.

VAT
The property has not been elected for VAT, and therefore will not be charged on the sale price.

RANSOM STRIP
The purchaser to agree to a ransom strip running between points A, B, C, D and E on the relevant plan, found within the Drop Box.

TIMESCALES
• Informal Tender: 12noon, Monday 28th October
• Developer interviews: Wednesday 30th October at Carter Jonas, One Station Square, Cambridge, CB1 2GA
• Instruct Solicitors: Monday 4th November
• Legal Meeting with Principles: Week commencing 18th November
• Exchange of Contracts: On or by Monday 2nd December
• Completion: On or by Monday 6th January 2020

ADDITIONAL INFORMATION
• Title Information
• Appeal Decision Notice
• Decision Notice
• Delegation Report
• Indicative Site Layout
• Indicative Building Heights
• Location Plan
• Parameter Plan
• Topographical Survey
• Bidding Proforma
• Proposed Ransom Strip Plan
• New Homes Report

VIEWING ARRANGEMENTS
All viewings must be arranged through the selling agents.

Situational Details
Location
Village Immediate Land
Plot Range
6 to 20 Plots
Use
With Planning Houses No Affordable
Tenure
Freehold
Size of land
2.5 acres (1 hectares)
Carter Jonas reference
PDE190015
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