Nottingham Road, Melton Mowbray LE13

Nottingham Road, Melton Mowbray LE13

Freehold | 41.9 acres (16.9 hectares)

For sale by informal tender
outline planning permission for up to 290 dwellings.
site extending to approximately 41.85 acres (16.94ha)
informal tender 12noon on Wednesday 2nd december 2020

The residential element of the site is being offered for sale freehold.
The primary school site to be excluded from the sale.

The sale to be concluded by way of an informal tender. Tenders to be received by 12 noon on Wednesday 2nd December 2020.

LOCATION
The site is located to the north of Melton Mowbray and will be accessed from the A605 Nottingham Road.
The development forms part of the ‘sustainable neighbourhood’ serviced by the Melton Mowbray distributor road (MMDR).
Melton Mowbray has a wide range of shopping, leisure facilities and schools together with an integrated transport system including the main line railway station some 1.4 miles away.

PLANNING
Melton Mowbray Council have entered into a resolution to grant planning permission reference No. 18/00359/OUT for up to 290 Class C3 residential dwellings, along with a local Centre comprising 200m2 GEA for Classes A1, A2, A3, A4 and A5 use. In addition, the consent provides for a further 250m2 GEA of
Class B1 business floor space, Class D1 primary school, along with open space and associated infrastructure.
The residential element includes a policy complaint 17.5% affordable housing provision.
All matters reserved except access.
A Section 106 Agreement will be entered into. A draft copy along with anticipated costs can be found within
the Microsite.

THE SITE
The site extends in total to approximately 16.94 hectares (41.85 acres) currently comprising rolling country farmland with a limited number of agricultural buildings.
The future access to the site will be from the proposed MMDR from Nottingham Road. Access for construction vehicles can be obtained from Nottingham Road.

COMMERCIAL TERMS
Residential Site
Bids are invited on one or all of the following basis;
1) Freehold sale together with indicative programme of delivery of units.
2) Grant of a 125 year building lease subject to Homes England terms (details within microsite) assuming 100% MMC to category 2. (Definition within microsite), together with indicative programme of delivery of units
3) Grant of a 125 year building lease subject to Homes England terms assuming MMC to the level and category which the developer could offer, together with indicative programme of delivery of units.

The Local Centre
LCC’s preference is to retain the land reserved for the Local Centre which they themselves will develop and retain within their Corporate Asset Investment Fund.
Primary School Site
The site for the primary school will be retained by Leicestershire County Council and will need to be fully serviced to the boundary.
Melton Mowbray Distributor Road
It is anticipated that the first roundabout providing access into the site from the MMDR will be complete by Autumn 2022, although a temporary haul road has been approved for construction purposes.
Homes England Funding
LCC have secured funding from Homes England to facilitate enabling works to include the construction of a new haul road, diversions of overhead cables, demolition of farm buildings and address ecological and archaeological factors impacting the site.
FuTure rOundabOuT
Leicestershire County Council’s Highways Department will implement the proposed round-about, as per the Illustrative Masterplan included within the Microsite.
VaLue added Tax
The site has not been opted for VAT and will, therefore, not be payable.

DATAROOM
A dataroom, in the form of a Microsite, has been created and includes a substantial amount of planning, technical and legal documentation.
Access details can be obtained from the selling agents.
Tender
All tenders must be received at Leicestershire County Council’s offices in an envelope provided by them marked on the outside ‘tender for Sysonby Farm Nottingham Road Melton Mowbray’ by 12 noon on Wednesday 2nd December 2020.
Leicestershire County Council reserve the right not to accept the highest, or indeed, any offer.
TimingS
• Informal Tender Date: 12 noon Wednesday 2nd December 2020
• Post-bid interviews: week commencing
Monday 7th December 2020
• Post Bid report to LCC Friday 18th December 2020
• Preferred Bidder confirmed w/c 11 January 2021
FurTher inFOrmaTiOn

Should you require any further information please contact either:

Mathew Forster on M:07901511344 alternatively you can email on
mathew.forster@carterjonas.co.uk or

Richard Combes on 07879635547 alternately you can email on richard.combes@carterjonas.co.uk

Key Property Details
Location
Greenfield Mixed Use Immediate Land
Plot Range
201+ Plots
Use
With Planning Houses Affordable
Tenure
Freehold
Size of land
41.9 acres (16.9 hectares)
Carter Jonas reference
PDE190017
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