FOR SALE DAIRY FARM SITE ANGEL LINK, HALESWORTH, SUFFOLK IP19 8SF

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1 FOR SALE DAIRY FARM SITE ANGEL LINK, HALESWORTH, SUFFOLK IP19 8SF FREEHOLD RESIDENTIAL DEVELOPMENT OPPORTUNITY (The land is allocated for 40 dwellings, plus community use/development) Approximately ha (3.44 acres)

2 Location: Halesworth is a small market town with a population of circa 6,000 in the north eastern part of Suffolk. It is located 15 miles south west of Lowestoft and stands on a small tributary of the River Blyth, 9 miles upstream from Southwold. The town is served by Halesworth Railway Station on the Ipswich to Lowestoft East Suffolk line. Halesworth is primarily centered on a pedestrianised shopping centre known as The Thoroughfare. A feature of the Thoroughfare is the prevalence of independent retailers with few regional or national retailers represented. The site is located to the south of the Town Centre within 200 metres of The Thoroughfare with the Co-Op Rainbow Supermarket bordering the site to the south west corner. The site is 0.4 miles from Halesworth Railway Station Description: Site Area: Tenure/Title Information: The site is generally level and is mainly grassed. It is currently accessed via Angel Link. The access will need to be upgraded/realigned (already subject to Highways approval), although (again subject to Highways Approval) it may be possible to achieve an alternative access off Saxons Way to serve residential development. The site area is approximately ha (3.44 acres). The site is owned freehold by Tesco Stores Ltd. A Legal Summary report is available on request. A small industrial unit (t/a Tyre King) is let on a lease for a term of 3 years w.e.f. 7 th August 2018 at a peppercorn rent. The Landlord or Tenant may serve notice to terminate the lease on 3 months written notice (lease is outside the Act). There is a fixed 200,000 overage payable to an earlier owner of the land under a 2007 Deed of Grant triggered if detailed planning permission is granted for either a residential or commercial development at any time before 7 th August 2017, to be paid within 10 days of implementation. An Option Agreement over a substation on the site has been exercised. The purchase has not yet been completed. The purchaser will be required to complete the purchase for 25,000 and relocate the sub-station to a suitable alternative location. Planning: The site is of considerable importance because it is one of the last remaining development opportunities in close proximity to the Town Centre. The site is allocated for both housing (40 dwellings) and community centre/customer access centre.

3 Policy HAL4 of Waveney District Council s Site Specific Allocations states the site will be developed in accordance with the following site specific criteria. HAL4 A comprehensive approach to the development of the site should be taken including both residential and community uses. The northern portion of the site (0.4 hectares) should be developed for community use. Housing development should take place on the remainder of the site (0.8 hectares). Approximately 40 dwellings will be accommodated at a density of 49 dwellings per hectare. Developers should provide a mix of housing types and tenures that is in accordance with the requirements of the Development Management Policies. Services: EPC: Legal Costs: Terms: Offers We understand that all the main services are available in the surrounding roads. Prospective purchasers will be required to satisfy themselves on the precise location and availability of services. An EPC is being obtained in respect of the industrial unit t/a Tyre King and will be made available to interested parties. Each party shall be responsible for all their own costs arising from the proposed transaction. The vendor is seeking to sell the freehold interest in the whole of the site. Our client is seeking offers on one or more on the following bases: Unconditional, subject only to contract. Conditional on securing a planning consent consistent with the site Specific Allocation; and/or Conditional on securing a planning consent to enable an increased number of dwellings to be developed above the 40 dwellings stated in the allocation. NB. Applicants should state what percentage of affordable housing they have assumed and/or whether a payment in lieu of provision of affordable housing is proposed. Additional Information: Viewing: Additional information to include relevant title documents, planning documents, surveys and other matters is available on request. The property is visible from Saxons Way and accessible from Angel Link. Full access can be arranged subject to prior arrangement with ourselves.

4 Contact Details: Note: To discuss this opportunity in more detail please contact Ian Terry of Mark Liell on ( These particulars are for guidance only and are not necessarily comprehensive. Purchasers should satisfy themselves on all matters prior to purchase by inspection or otherwise. In the interests of Health and Safety, parties should take due care when inspecting the property and enter the site at their own risk. Details prepared by Mark Liell 8 th December 2014 SUBJECT TO CONTRACT

5 MARK LIELL & SON LLP DISCLAIMER 2014 Mark Liell & Son LLP for themselves and for the vendors of this property whose agents they are give notice that:- 1. The particulars as set out are a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract; 2. All descriptions, dimensions, reference to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers should not rely upon them as statements or representations of fact and must satisfy themselves or otherwise as to the correctness of each of them. 3. No person in the employment of Mark Liell has any authority to make or give any representation or warranty whatever in relation to this property; 4. Unless otherwise stated all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers must satisfy themselves independently as to the incidence of VAT in respect of any transaction. 5. The reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers must satisfy themselves as to the fitness of such items for their requirements. 6. The vendor is not obliged to accept the highest or any other offer received for the property. Anti Money Laundering Legislation The Money Laundering Regulations include Commercial Estate Agency work and require us to have anti money laundering procedures in place. Interested parties may be required to provide proof of identity and address.