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Cotswold residential development site
Bath Road, Tetbury, Gloucestershire, GL8 8EE
FOR SALE BY INFORMAL TENDER
• Outline planning permission for 39 dwellings: 23 private and 16 affordable
• Greenfield site of approximately 1.74 hectares (4.3 acres)
• Unique position to southern edge of popular Cotswold market town
BATH ROAD, TETBURY, GLOUCESTERSHIRE, GL8 8EE
• 3 no. 2 bed 4 person houses min. 75sqm (807sqft)
• 4 no. 3 bed 5 person houses min. 85sqm (915sqft)
• 1 no. 4 bed 6 person house min. 95sqm (1,023sqft)
Shared Ownership (6 units/37.5%)
• 1 no. 2 bed 3 person coach house min. 55sqm (592sqft)
• 2 no. 2 bed 4 person houses min. 75sqm (807sqft)
• 2 no. 3 bed 5 person houses min. 85sqm (915sqft)
• 1 no. 4 bed 6 person house min. 95sqm (1,023sqft)
No more than 50% of the private units can be occupied until 50% of the affordable housing units are constructed and ready for occupation.
No more than 90% of the private units can be occupied until 100% of the affordable housing using are constructed
A reserved matters application is required prior to June 2017
The vendors have prepared an estimated schedule of accommodation based on the suggested layout plan overleaf, which totals:
Private housing: 33,950sqftAffordable housing: 13,345sqft
TOTAL: 47,295sqft
The private housing is envisaged to comprise 17 no. 4 bed detached and 6 no. 3 bed semi-detached. An estimated schedule of accommodation is included in the Data Room.
PLANNING
After refusal in 2012, outline planning permission was granted at appeal in February 2013. The permission provides for the erection of up to 39 dwellings and associated works, including the formation of a vehicular access to the site (Ref: 12/00219/OUT).
A subsequent application was made in January 2014 (Ref: 14/00716/OUT) which successfully amended Condition 5 of the appeal consent, ensuring that footway provision from the development entrance to the existing network is not reliant on land outside the sale land or public highway.
LOCATION
The site is located on the southern edge of the Cotswold settlement of Tetbury, within the Cotswolds AONB - adjacent to existing residential development - and in walking distance of the town centre.
Tetbury, often referred to as the gateway to the Cotswolds, and once voted by Country Life magazine as the third most desirable town in the country, is a thriving historic Cotswold market town situated less than half an hour from both the M4 and M5 motorways and within easy reach of Cirencester, Cheltenham, Bath, Bristol and Swindon. There is good access to Kemble Railway Station with regular Intercity services to London Paddington (c.1hr 20 mins) and other regional commercial centres.
Tetbury is well known for its royal houses with HRH The Prince of Wales at Highgrove House only ¾ mile to the south west of the site, and Gatcombe Park the home of The Princess Royal close by. Tetbury boasts an exciting range of shops including specialist boutiques, city standard delicatessens, the Highgrove Shop, two supermarkets and many fine antique shops. The town has an excellent variety of hotels, restaurants, cafes and brasseries offering a mouth-watering range of cuisine.
There is an excellent range of schools in the area including Westonbirt Preparatory and Senior Schools (3 – 18 years). There is also Beaudesert Park at Minchinhampton together with highly rated state primary and secondary schools in and around Tetbury.
Nearby leisure attractions include Westonbirt Aboretum, Cotswold Water Park and the Abbey and Abbey House Gardens in Malmesbury.
DESCRIPTION
The site comprises approximately 1.74 hectares (4.3 acres) of greenfield agricultural land fronting onto, and accessed off, Bath Road. It is generally level and regular in shape, with dry stone wall boundaries to the northern and eastern boundaries. It abuts existing residential development to the northern and western boundaries. To the south it overlooks open countryside towards Highgrove House.
• Premium residential development site in Cotswold market town
• Outline planning permission for up to 39 dwellings
• Section 106 contributions/obligations:
•16units(41%)affordablehousing
•Contributionsof£18,557*
S106/UNILATERAL UNDERTAKING
Contributions/Obligations
• £5,000* to cover cost of reducing speed limit on Bath Road
• £7,557* towards supporting existing bus services in Tetbury
• £6,000* for the provision of bus shelters
• Provide, and secure maintenance of, the open recreational space within the development
* The contributions are all subject to indexation by the “BIS Construction Price and Cost Indices ROCOS Index” between the date of planning permission (grant at appeal in February 2013) and the date upon which the payments are made. In the event the stated index changes, which it has, Gloucestershire County Council shall select a reasonable alternative.
Affordable Housing
On-site provision of 16 units of affordable housing (41%), to comprise:
Social Rented (10 units/62.5%)
• 2 no. 2 bed 3 person coach houses min. 55sqm (592sqft)
PERRYBISHOP.CO.UK BRUTONKNOWLES.CO.UK
UNIT DESIGN
The planning permission conditions that:
• No buildings to exceed 2 storeys
• Buildings to Bath Road frontage to be of Cotswold Stone construction
• Gable widths not to exceed 7 metres
FURTHER INFORMATION
A comprehensive Data Room has been produced containing further information on the site, its planning consent, the method of sale, topographical survey, and consultant reports relating to ground conditions, highways, services etc – www.bathroadtetbury.co.uk (email agents for access details).
LOCAL NEW HOUSE SALE VALUES
An analysis of the newbuild housing on the larger scale developments to the northern end of Tetbury has been undertaken. The subject site is expected to attract a premium over these prices. Additional unit sales information is available in the Data Room.
RETAINED LAND
The vendors propose to retain a 1m strip of land to the south western site boundary only within the buffer planting strip.
METHOD OF SALE
The site is for sale by Informal Tender. Unconditional bids are invited. Tenders should be by post or email in accordance with the ‘Financial Proposal Form’, and should be sent to the offices of both Messrs Perry Bishop & Chambers and Bruton Knowles by Noon on Wednesday 20th April 2016. Offers should be marked “Tetbury Tender”.
TENURE
Freehold with vacant possession on completion
VAT
The land will be packaged in such a way that VAT will be chargeable on 25% of the purchase price.
LEGAL COSTS
Each party to bear its own legal costs incurred in this transaction.
Note: An undertaking of £10,000 + VAT will be required in respect of the vendors’ legal fees, from the agreement of Heads of Terms, to cover vendors’ costs in the event a purchaser reneges on agreed terms
Subject to Contract.
MARCH 2015
MASTERPLAN
Notice: These particulars and the web based Information Pack are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility. Intending purchasers or tenants should satisfy themselves as to the accuracy of all statements and representations before entering into any agreement. No employee or Partner of Perry Bishop or Bruton Knowles has authority to make or give any representations or warranty in relation to the property.
Not to Scale. For Identification Purposes Only. Crown Copyright reserved. Subject to Contract
BATH ROAD, TETBURY, GLOUCESTERSHIRE, GL8 8EE
CONTACT DETAILS
Bisley HouseGreen Farm Business ParkBristol Road, Gloucester GL2 4LY
Robert Anthony/Scott WinnardT: 01452 880 131/187 W: www.brutonknowles.co.uk E: [email protected]
Perry Bishop & Chambers2 Silver StreetCirencesterGL7 2BL
Peter ChambersT: 01285 646770 W: www.perrybishop.co.uk E: [email protected]
