Residential and Commercial Development Opportunity Land ... · savills.co.uk Residential and Commercial Development Opportunity Land off Teal Close, Nottingham g Greenfield residential

savills.co.uk

Residential and Commercial Development OpportunityLand off Teal Close, Nottingham

g Greenfield residential led development opportunity on the eastern edge of Nottingham

g Planning Permission Granted for up to 830 dwellings (5% affordable), up to 18,000 m² of Employment uses (Uses B1/B2/B8), care home (Use Class C2), hotel (Use Class C1) together with ancillary uses.

g Total gross site area extends to circa 62.8 ha (168.6 acres).

For Sale

g Situated approximately five miles east of Nottingham City Centre

g Detailed Information Pack available at www.savills.co.uk/tealclose

Savills Nottingham9 Fletcher GateNottingham NG1 1QQ

+44 (0) 115 934 8055

Site Boundary

Residential - Primary Avenue

Development Areas

Local Centre

Community Building

Primary School

School Grounds

Public Open Space

Ecology Park

Feature Square

Homezone

Children’s Play

Residential - Green Corridor

Residential - Nodal Space

Residential - Central Core

Residential - Rural Edge

Employment Unit

Sports PItches

Allotments

Ouse Dyke

Drainage Ditch

LEGEND

Ouse Dyke Culvert

Swales

Retained Hedgerow

Wet Attenuation Pond

Existing Woodland

Proposed Woodland

Proposed Trees

Primary Road

Informal Footpath

Emergency Link

Footpath Link

Cycleway

Proposed Street Trees

Proposed Community Orchard

LEAP

NEAP

Rev

Drg No

Client

Project

Title

Scale

N

DE076_017

Northern Trust

Land at Teal Close, Stoke Bardolph

Illustrative Masterplan

1:5,000 @ A3

SCALE 1:5,000

0m 50 125 250

25 75

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

LocationThe site is located off Teal Close, approximately five miles east of Nottingham City Centre within Gedling Borough. Nottingham has a population of approximately 305,000 (2011 census) and is well located, benefitting from transport links to the M1 motorway (J24) 10.2 miles to the south west and Leicester 26.9 miles to the south. Nottingham Railway Station is approximately four miles to the south west of the site. The station provides regular services to London’s St Pancras Station with fastest journey times from 1hr 40 minutes.

DescriptionIn total we understand the site extends to approximately 62.8 ha (168.6 acres). The property three parcels as it is bisected by the A612 (Colwick Loop Road) and the sale includes three parcels. A plan is included within the Technical Information Pack.

The property comprises agricultural land to the east of A612 together with further agricultural land and sports pitches to the west.

The site will be available as a first phase Lot ‘A’ or as a whole (Lot A, B & C). Lot ‘A’ extends to approximately 41.2 ha (101.8 acres) and includes the neighbourhood centres and provision of the school. This phase can accommodate up to 500 dwellings. Lot ‘B’ extends to 13.1 ha (32.4 acres) and can accommodate up to 330 dwellings. Lot ‘C’ comprises employment land and mixed use including hotel and care home.

PlanningOutline planning permission was granted by Gedling Borough Council on 30th June 2014 for up to 830 dwellings, up to 18,000 m² of Employment uses (Uses B1/B2/B8), a community hub (Use Classes A1-A5 and D1), primary school, hotel (Use Class C1), care home (Use Class C2), playing pitches and changing facilities, public open space, allotments, structural landscaping, access arrangements and an ecology park, and demolition of existing structures (LPA reference 2013/0546)

A Section 106 Agreement was entered into on 30th June 2014, which sets out a wide range of obligations associated with the Planning Permission, including a requirement to provide a number of financial contributions and 5% affordable housing. 80% of the affordable housing units are to be Social or Affordable Rented and the remaining 20% are to be Intermediate housing. A primary school is to be delivered either through a payment and provision of the site or construction of the school to the satisfaction of the County Council.

Copies of all relevant planning and technical information area available on the Technical Pack website. Potential purchasers are encouraged to discuss this information with the Selling Agents.

Services and InfrastructureAn overview of service availability and connection details are available within the Technical Pack. Interested parties are advised to make their own enquiries to the supply companies in respect of their specific requirements in terms of the ability to connect and confirmation of sufficient capacities.

Detailed design work on the highways and access together with other engineering information also available on the website.

Technical Information PackA full Technical Pack is available at www.savills.co.uk/tealclose. The pack contains all available background information relating to planning, technical and legal matters.

Bidders are expected to have reviewed all information prior to submitting a bid.

TenureThe property is offered freehold with vacant possession.

PriceOffers invited.

VATThe position regarding VAT is reserved at all times and interested parties are advised to seek independent advice in relation to this matter.

Method of SaleOffers are invited for the whole or in part.

ViewingsStrictly by appointment with Savills.

Residential

Andrew Galloway [email protected] +44 (0) 115 934 8112

Ben Glover [email protected] +44 (0) 115 934 8041

Commercial

Victor Ktori [email protected] +44 (0) 115 934 8171

Healthcare

Laura Wardell [email protected] +44 (0) 115 934 8103

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | March 2015