High Street, Needingworth PE27

High Street, Needingworth PE27

Freehold | 11.4 acres (4.6 hectares)

Residential Development Site.
Sale by Informal Tender.
Resolution to Grant Outline Planning Permission for 45 dwellings.
Informal Tender 12 noon Friday 5 April 2019.
For sale freehold with vacant possession.
Site extending to approximately 11.36 acres (4.6 hectares).

THE OPPORTUNITY
The site is being offered for sale freehold, with vacant possession on an unconditional basis and is being dealt with by informal tender. Bids to be received by 12 noon on Friday 5 April 2019.

LOCATION
Needingworth is a popular village benefiting from a post office/village stores, 2 public houses and a village hall. The population in 2017 was 2142.

St Ives with its extensive employment, recreational and retail facilities is located immediately to the west of the village.

The A14 is some 3 miles away and links well with the A1M, M11 regional road network.

Huntingdon is circa 7 miles distant and with a wide range of facilities including a railway station with a service to London taking around 1 hour.

PLANNING
In May 2018 an Outline Planning application was submitted to Huntingdonshire District Council ref 18/01073/OUT.

A Resolution to Grant outline planning permission for 45 dwellings has been received and the Section 106 Agreement is out for signature.

The indicative Master Plan included within the application is comparatively loose and we consider there might be an opportunity to increase the density.

Copies of all the planning documents will be available within a microsite.

TENURE
The site is being offered for sale freehold with vacant possession.

PRICE
Offers are invited in excess of £2,500,000
Consideration to be given to an overage payment if an improved planning density can be secured.

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

INFORMAL TENDER
The site is being offered by informal tender and bids are required by 12 noon Friday 5 April, a copy of the bidding Proforma is available within the microsite.

INFORMATION PACK
A microsite for additional information has been created and access details are available from the agent.

The information fall into the following main headings
• Legals
• Planning/technical
• Bidding Proforma

VIEWING
Due to a number of natural hazards all viewings are to be accompanied by the agents at a time to be mutually agreed.

TIMETABLE
Informal tender 12 noon Friday 5 April 2019
Post bid interviews at Carter Jonas Cambridge office week commencing Monday 8 April 2019
Instruct solicitor with preferred bidder Friday 12 April 2019
Legal meeting with principles Friday 3 May 2019
Exchange contracts Friday 24 May 2019

FURTHER INFORMATION
Mathew Forster on 01223 326540 or you can email mathew.forster@carterjonas.co.uk

Nick Muncey on 01223 326817 or email nick.muncey@carterjonas.co.uk

Charles Harris on 01223 346596 or email charles.harris@carter jonas.co.uk

Situational Details
Plot Range
21 to 50 Plots
Use
With Planning Houses + Apartments
Tenure
Freehold
Size of land
11.4 acres (4.6 hectares)
Carter Jonas reference
PDE190004
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