Land At Kepple Lane, Garstang, Preston

£1,500,000

Guide price

*** For Sale by Informal Tender: Friday 11th May 2018, 12 noon ***

3.63 acres (1.47 hectares) with Outline Planning Permission for up to 26 dwellings and up to 24 apartments for the over 50's — with access approved.

Close to Garstang centre and the marina on the Lancaster Canal.

Riverside location with views over golf course.

This 3.63 acre site, edged red above, is located on the edge of Garstang and approximately 0.25 miles outside Garstang town centre where there are a host of schools, retail and leisure facilities. Access to the development to be directly from Kepple Lane and the site is gently sloping away from the road with views into the open countryside beyond. The land edged blue above has outline permission for up to 75 dwellings.

Planning

The site has the benefit of an Outline Planning Permissions with all Matters Reserved except access, that offers a potential development of up to 26No. Houses and up to 24No. Apartments for the over 50's.

The site planning reference is 17/00579/OUTMAJ and was granted on 1st March 2018 and is subject to a Section 106 Agreement, see below.

Section 106 Agreement/Obligations

A full copy can be provided up on request but in summary the main details are:

Education Contribution

There will be a Primary Education Contribution of £14,217.31 per required place and a Secondary Education Contribution of £21,423.27 per required place (index linked). There is a formula detailed in the s106 Agreement to calculate the actual

contribution based on the number of bed spaces provided and the available capacity at the time of approving reserved matters.

Sustainable Transport Contribution

There will be a sustainable transport contribution of £125,000

Affordable Housing

A condition within 17/00579/OUTMAJ states that the site shall provide 30% affordable housing based on number of units/bed spaces of the market dwellings. For clarification, this does not apply to the over 50's apartments.

Planning & Technical Information

The planning documentation can be received on request or by visiting Wyre Borough Council, planning pages using ref 17/00579/OUTMAJ. A variety of information is available.

Please note that an intrusive ground test has not yet been carried out.

Method of Sale

Offers are invited for the freehold interest by way of informal tender with a tender date of Friday 11th May 2018, at 12 noon.

A supporting informal tender form and schedule for completion in terms of assumptions are available for completion.

Offers

We are not seeking overage in respect of the sale but are looking for offers to take account of the Outline Planning Permission and work within the parameters of that approval. Any Planning Application would be subject to the approval of the vendor via their agents.

Proposals

Offers are sought on one of two of the following

bases:

• Unconditional Offers.

• Offers subject to Reserved Matters Planning

based upon the existing Outline Permissions.

We are seeking offers that are net offers with the

assumptions made as necessary as stated on the

associated assumptions form.

VAT

We understand the purchase price will be subject to VAT.

Sales Enquiries

Chris Cockwill / David Cowburn

Armitstead Barnett

South Lancashire Office

E: chris@abarnett.co.uk

T: 01704 895 995

Marketed by Arrange viewing 01704 461256

Armitstead Barnett - South Lancashire

59 Liverpool Road North, Burscough, Ormskirk

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