FOR SALE BOSCAWEN WOODS gva.co.uk/6734 MALPAS ROAD TRURO CORNWALL TR11UE

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Lenard Poole
5 years ago
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6 hectares (4 acres) n Situated within walking distance of Truro city centre n Desirable semi rural location near Boscawen Park and the

1 RESIDENTIAL DEVELOPMENT/ INVESTMENT OPPORTUNITY n Part completed residential development n High quality development of 5 terraced houses (1 sold) and 12 apartments (2 sold) n Planning permission for a further 36 residential dwellings n Whole site extends to approximately 1.6 hectares (4 acres) n Situated within walking distance of Truro city centre n Desirable semi rural location near Boscawen Park and the River Truro CLICK TO ENTER BOSCAWEN WOODS MALPAS ROAD TRURO CORNWALL TR11UE ON BEHALF OF THE JOINT LPA RECEIVERS, R J BELCHER & R J GOODE OF GVA

Click on map for a larger view LOCATION The site is located in a well established prime residential area on Malpas Road, which links to the A39, one of the principal routes through Truro.

The historic city of Truro acts as the administrative and commercial centre of Cornwall.

The city benefits from good road links being served by the A39 and A390 that join the A30, the main truck road through Cornwall, to both the east and west of Truro.

2 Click on map for a larger view LOCATION The site is located in a well established prime residential area on Malpas Road, which links to the A39, one of the principal routes through Truro. This is a popular residential area within walking distance of Truro city centre, yet set in a semi-rural waterside location. The historic city of Truro acts as the administrative and commercial centre of Cornwall. The city is situated approximately 284 miles south west of London, 167 miles south west of Bristol and 87 miles west of Exeter. The city benefits from good road links being served by the A39 and A390 that join the A30, the main truck road through Cornwall, to both the east and west of Truro. The A30 meets the M5 at Exeter providing direct links to Bristol and the West Midlands and to the South East and South Wales via the M4. Truro is located 19 miles south of Newquay Airport and is situated on the Penzance to London Paddington Intercity train line. DESCRIPTION The total site area is approximately 1.6 hectares (4 acres) and comprises a built first phase of development with associated access road and landscaping and a cleared site for future phases of development. The completed buildings are located to the front of the site, with views towards the River Truro. The site slopes down to the front and is bordered by mature trees. a small garden to the rear and a car port. The apartment building provides undercroft garages for each flat and a patio area to the rear of each ground floor dwelling. The remaining undeveloped part of the site extends to approximately 0.82 hectares (2 acres). The site entrance is located directly opposite the access for Boscawen Park, which provides tennis courts and a cricket pitch. Malpas Road itself runs along the estuary of the River Truro. To the west of the site is an established residential area. The site is bordered by agricultural land to the north and east and a restaurant to the south. Completed apartment block The completed first phase of the development comprises five 4 bed terraced houses arranged over three floors and a block of twelve two bedroom two bathroom duplex apartments. Each house benefits from EXIT

Click on plan for a larger view PLANNING The site lies within the administrative boundary of Carrick District Council (now part of Cornwall Council) and benefits from planning permission (application

However, the following details summarise the Joint LPA Receivers understanding of the situation.

3 Click on plan for a larger view PLANNING The site lies within the administrative boundary of Carrick District Council (now part of Cornwall Council) and benefits from planning permission (application number: SA03/2619/04/R) for residential development granted on 27 May Purchasers should make their own enquiries regarding planning. However, the following details summarise the Joint LPA Receivers understanding of the situation. The permission comprises development in floor blocks (A-D) totalling 53 units as follows: n Block A 5 x 4 bed houses (built) n Block B 12 x 2 bed apartments (built) n Block C 22 x 2 bed apartments n Block D 14 x 4 bed houses The development is subject to a Unilateral Undertaking with Carrick District Council and a S106 agreement with Cornwall County Council. The unilateral Undertaking requires that upon occupation of 50% of the dwellings within the development then: The Section 106 agreement dated 9th March 2006 provides the following: n The owner is to carry out road works, comprising a new mini roundabout where the site entrance meets with Malpas Road. These works were to be completed before commencement of the development. Sample apartment interior n Payment of a commuted sum for affordable housing of 41,769 per dwelling, limited to 35% of the total number of dwellings within the development. n Payment of a sum of 1,100 per dwelling (with more than one bedroom) in respect of education contributions. n Payment of an off site open space contribution of 1,035 per dwelling. We understand that there is a requirement to provide two public footpaths through the site and to keep them clear for use. SERVICES We understand that gas, water, electricity and drainage are connected to the site, however we have not tested any systems. Site services have been capped at phase one, thus phases two and three are un-serviced. Prospective purchasers should make their own enquiries regarding the size and capacity of services from the various statutory authorities. EXIT

Boscawen Park CONTACTS For further information or to make an appointment to view, please contact: James Petherick T: 0117 988 5331 E: james.petherick@gva.co.uk TENURE The site is available for sale on a freehold basis, excluding the sold units.

4 Boscawen Park CONTACTS For further information or to make an appointment to view, please contact: James Petherick T: E: TENURE The site is available for sale on a freehold basis, excluding the sold units. Three of the completed units have been sold on 999 year leases, subject to an annual ground rent of 200 plus a service charge payable to Boscawen Woods Management Company Ltd (BWMCL). We have been advised that the management company BWMCL is limited by guarantee and its constitution documents envisage that all of the property owners will be shareholders. BWMCL has responsibility for provision of services, maintenance, upkeep and insurance of the development. As outlined in the planning section of these particulars, there are two legal agreements in respect of planning obligations. TENANCIES A number of the completed dwellings have been let on Assured Shorthold Tenancies periodically. Information on current lettings is available on request. COSTS Each party will be responsible for their own legal and professional costs incurred. The joint LPA receivers shall not be responsible for any abortive costs incurred by any interested parties. VIEWING DAYS While there are public highways that enable access to view parts of the site, the main core of the site and the existing dwellings will only be accessible for viewing on the specified viewing date: 10.30am 4.30pm: Tuesday 3rd September 2013 Bookings for viewing can only be made through GVA. Please note that a number of dwellings are occupied. Please respect the privacy of local residents. METHOD OF SALE The property is offered for sale by way of informal tender, with offers invited on any one or all of the following lots: 1 Whole site, outlined in red on the plan on the previous page, but excluding the sold units 2 A sale in two lots. The completed units (comprising remaining 4 townhouses and 10 apartments, but excluding the sold units) forming one lot and the development site (for 36 units) forming the other. Please note that offers are invited for the unconditional purchase of the property. The deadline for offers is 12 noon Friday 11th October 2013 by or by post to GVA, St Catherine s Court, Berkeley Place, Bristol BS8 1BQ for the attention of James Petherick. The property will be sold with no warranties or guarantees associated with the works undertaken or built properties. The vendor reserves the right not to accept the highest or any of the offers received. It is envisaged that a preferred purchaser will be selected from the proposals received, however the vendor reserves the right to alter the tender process, request purchasers to provide further details in respect of their offer or to interview prospective purchasers. The Joint LPA Receivers act as agents of Mr K C Heaney without personal liability. Subject to contract. Photographs and particulars dated July 2013 DISCLAIMER GVA is the trading name of GVA Grimley Limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for thevendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references 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 or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limitedor any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. EXIT

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Land at Morwick Road

FOR SALE RESIDENTIAL DEVELOPMENT LAND Land at Morwick Road Warkworth Northumberland A Bilfinger Real Estate company Click on map for larger view. n Unique residential development opportunity with sea views