Prime residential development opportunity

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Cameron Hensley
5 years ago
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Residential Sale Site River Trent Indicative Aerial View

1 Prime residential development opportunity Bramcote Beeston Nottingham Attenborough Nature Reserve The Residential Sale Site River Trent Indicative Aerial View Beeston Business Park Technology Drive, Beeston, Nottingham, NG9 1LA

The Opportunity Outline planning consent for up to 310 dwellings Available as a whole or in part Prime residential development opportunity forming part of an established Business Park Accessible and

2 The Opportunity Outline planning consent for up to 310 dwellings Available as a whole or in part Prime residential development opportunity forming part of an established Business Park Accessible and established residential area Adjacent to Beeston Railway Station Within 1 mile of Beeston Town Centre Close to the A52 and J25 of the M1 Motorway Adjacent to Attenborough Lake and Nature Reserve Location Located in the centre of the UK, Nottingham is highly accessible and is well served by Junction 24 to 26 of the M1 Motorway providing efficient access to a number of surrounding towns and cities including: Nottingham (approximately 4 miles) Derby (approximately 18 miles) Leicester (approximately 30 miles) Birmingham (approximately 50 miles) London (approximately 127 miles) Nottingham attracts a number of international corporations with over 50 regional and national headquarters based in the City. Beeston is the home to Alliance Boots, Siemens and ATOS IT Services UK (both located on Beeston Business Park) as well as Experian, E.ON UK, Gala Group, Speedo, Vision Express, Games Workshop, Capital One and Paul Smith. The City is directly linked to the East Midlands Mainline (London St Pancras approximately 1 hour 45 minutes) with Beeston Railway Station situated adjacent to the development site offering excellent commuters facilities. Indicative Location Plan NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office Crown copyright licence number Savills (UK) Limited.

3 W o k i n g L o n d o n M i l t o n K e y n e s W a r s a w P l a n n i n g M a s t e r P l a n n i n g U r b a n D e s i g n L a n d s c a p e RIVERSIDE ROAD RIVERSIDE ROAD TRENT VALE ROAD Figured dimensions only are to be used. All dimensions to be checked onsite. Differences between drawings and between drawings and specification or bills of quantites to be reported to the PRC Group. The copyright of the drawings and designs contained therein remains vested in the PRC Group East Midlands Airport provides direct flights to 90 international destinations. The City s modern tram system carries an estimated 9.5 million every year in addition to a comprehensive bus link network. The extension of the Nottingham NET (tram) system serving Beeston is now complete providing direct access to Chilwell, Toton, Nottingham City Centre, Basford, Bulwell and Hucknall. CARTWRIGHT WAY This NET tram expansion is a multi-million pound project extending Nottingham s tram service to the south and south west of the City with an additional 10 miles of track delivering a network directly linking trains and local bus services. CARTWRIGHT WAY IRELAND AVENUE IRELAND CLOSE QUEENS ROAD WEST Additional infrastructure initiatives which support the area are the dualling of the A453 (completed in July 2015) at a cost of Million. This is a 7 mile stretch of the A453 between the M1 and Junction 24 improving accessibility and travel time. An additional service which will compliment Beeston is the HS2 East Midland hub which is confirmed to be located at Toton approximately 3 miles from the subject site. EILEEN ROAD AMBER ROAD JAKE ROAD RYAN WAY RETAINED LAND REDWOOD CRESCENT DOVECOTE LANE BARTON STREET As part of the Boots site redevelopment, a new link road through the Boots site will be constructed to link Lilac Grove to Thane Road and the A52. This will provide an improved road connection from Beeston to the A52 and Nottingham City Centre. JOHNS ROAD Residential Development Land NELSON ROAD TECHNOLOGY DRIVE COUNTY CLOSE Situation RETAINED LAND VICTORY ROAD TRENT ROAD TRAFALGAR ROAD GRASSY LANE MEADOW ROAD STORNAWAY COURT ALFORD CLOSE Beeston Business Park (BBP), formally known as Siemens Technology Site, is a substantial Business Park comprising 36,582 sq m (393,770 sq ft) of commercial space plus ancillary parking on 19.4 ha (48 acres) with an additional 3.78 ha (9.34 acres) of sports field. Existing occupiers on the Business Park include ATOS IT Services UK, SMS Electronics Limited and Unify Communications. The site is surrounded by high density family housing, as well as Attenborough Nature Reserve to the north of the site. Ordnance Survey, (c) Crown Copyright All rights reserved. Licence number O f f i c e s A r c h i t e c t u r e 12 Warren Yard, Warren Park, Milton Keynes, MK12 5NW I n t e r i o r s info@prc-group.com C SOUTH ROAD R e v i s i o n s : Drawn/Chkd: D a t e : C l i e n t : BEESTON BUSINESS PARK LLP P r o j e c t : BEESTON BUSINESS PARK D r a w i n g T i t l e : SITE LOCATION PLAN OUTLINE APPLICATION AREA Indicative Site Plan NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office Crown copyright licence number Savills (UK) Limited. VICTORY ROAD MEADOW ROAD A3: Checked by : Date : 1:2500 AMc MAY 16 Job No: Stage : Drawing No : Rev : PL 003 Construction Preliminary Information Approval Tender PRC Architecture & Planning PRC

Beeston is an established and well regarded residential location, which has benefitted from niche and larger scale new build residential development in the surrounding area and significant

4 Beeston is an established and well regarded residential location, which has benefitted from niche and larger scale new build residential development in the surrounding area and significant improvements to the Town Centre and surrounding road and tram network. The closest tram stop to the site is located on Middle Street which is approximately half a mile from the subject site. Beeston Town Centre is situated approximately 1 mile to the north east of the development site, and comprises a mix of retail and leisure amenities from both independent and national occupiers, such as Cafe Nero, Sainsbury s, Boots, HSBC, and WH Smith. Tesco and Lidl are located on the B6006 on the fringe of the Town Centre. The Town Centre has seen significant recent investment such as the redevelopment of The Square, which was refurbished by Henry Boot Developments Limited, and secured tenants including B&M Retail, Wilkinsons, Argos, Peacocks, Costa Coffee & Pure Gym. The Boots commercial business park is located within a mile of the subject site accessed via Lilac Grove, this park has the potential to become a centre for innovation in health, beauty and wellness in Nottingham, employing over 8,000 people. The proposed transport improvements associated with this park will incorporate a series of new and upgraded connections that will improve the connectivity of the subject site via Lilac Grove. The University of Nottingham Broadgate Park is located approximately 1.5 miles from the site, Chilwell Manor Golf Course is approximately 1 mile, Beeston Fields Golf Club is approximately 1.5 miles and Wollaton Hall Gardens and Deer Park is approximately 3.5 miles. Restaurant Sat Bains boasts two Michelin Stars and is located approximately 3.5 miles from the development site and is Nottingham s only Michelin star restaurant, although Nottingham City Centre offers a wide range of cafes, restaurants, and retail and leisure services accessible within 4 miles of the development site.

5 Description The commercial element of the site will be retained by BBP having sensitively masterplanned the area to provide clear separation between the employment and residential elements of the complex. Two distinct zones have been created, the retained Business Park buildings with employment land and the proposed residential development land located to the south and east. The residential land to be sold currently comprises surfaced yard areas, access road and former office buildings. Demolition is underway and is due to complete on 10 July 2017 to present a cleared site ready for development. Post completion the residential development area (including the school expansion land identified on the plan) will comprise circa 8.35 hectares (20.6 acres). With landscaping and placemaking the residential area will create an attractive, vibrant and sustainable urban environment. Planning A hybrid planning application was submitted to Broxtowe Borough Council comprising: full application for industrial, storage and distribution buildings, car parking and associated road infrastructure. Plus outline consent for up to 310 residential units and community building with means of access included (all other matters reserved). The site currently has the benefit of a resolution to grant consent, with the Section 106 agreement to be completed shortly. Planning ref 14/00242/FUL. S106 Obligations: BBP will undertake the following items in the S106 Agreement: Pay the Borough and County s legal fees Construct the Car Park Site The successful residential developer will be responsible for the following items in the S106 Agreement: Community Amenity Area Management Scheme Affordable Housing Contribution Community Building Off Site Highway Contribution Education Site Transfer Viability Review On Site Children s Play Area Data Site All available site information is held on our dedicated datasite, including the relevant planning documentation and surveys. The following list includes the information available but is not an exhaustive list: Full Planning Pack of documentation and drawings Arboricultural Report Design Access Statement Drainage Survey and Strategy Ecology Report Environmental Survey Flood Risk Assessment Geotechnical Report Ground Investigation Review Phase 1 Desk Study S106 Agreement Title Plan and Register Utilities Search Viability Assessment Please contact the Agents for access to the datasite. Tenure Freehold with vacant possession. Services The residential and commercial sites are to have separate connections, with mains water, drainage, gas and electricity understood to be available in the vicinity. The surface water drainage strategy for part of the residential site is to drain to a balancing pond which is to be constructed behind Unit W (located in the south west corner of the site), which in turn drains to the Siemens Stream and then the River Trent. The remainder will discharge into the surface water sewer in Meadow Road. It is understood that there is Vodafone and Installacom cabling and equipment along the adjacent railway line land. However prospective purchasers should satisfy their own enquiries with the relevant Local Authority as to the availability, suitability and capacity of all services to the site.

6 Chilwell Manor Golf Course Technology Drive Attenborough Nature Reserve Beeston Business Park Beeston Railway Station Meadow Road Trent Vale Road Recreation Ground Trent Road Indicative Aerial View

Method of Sale Savills are instructed to sell this development opportunity as a whole or in part. We are seeking Expressions of Interest from interested parties by 5pm on Monday 20 March 2017.

7 Method of Sale Savills are instructed to sell this development opportunity as a whole or in part. We are seeking Expressions of Interest from interested parties by 5pm on Monday 20 March Expressions of interest should be made in writing addressed to Ben Glover or Ann Taylor. Post receipt of Expressions of Interest, offers will be invited by the Informal Tender Deadline closing at 5pm Monday 8 May Offers submitted should be made in writing, should not relate to any other offer and should include: Details of the proposed scheme including indicative drawings Any conditions relating to your offer Proposed timeframes Solicitor s details Payment Profile Confirmation of funding Letters or s should be addressed to either: Ben Glover or Ann Taylor bglover@savills.com ataylor@savills.com Savills Enfield Chambers 18 Low Pavement Nottingham NG1 7DG Please note that the Vendor will not be obligated to accept the highest or indeed any offer. Please refer to the website for full details and for information required in support of your bid. Price We are instructed to seek offers in excess of 10 Million, on an unconditional or conditional basis. Overage The Vendors are looking to secure overage in the event that the purchaser renegotiates the Section 106 contributions or a revised planning permission is secured for increased housing after the site has been purchased. VAT We are advised that the site has been elected for VAT. Legal Costs Each party are to bear their own legal costs in connection with this transaction. Savills Nottingham Enfield Chambers 18 Low Pavement Nottingham NG1 7DG +44 (0) nottingham@savills.com Viewing Strictly by prior appointment only with Savills. Please contact: Ben Glover T: +44 (0) E: bglover@savills.com Ann Taylor T: +44 (0) E: ataylor@savills.com 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, images 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.

PRIME DEVELOPMENT OPPORTUNITY

PRIME DEVELOPMENT OPPORTUNITY Land South of Gateford Road, Gateford, Nottinghamshire, S81 8AG For Sale Freehold Greenfield Site Approximately 17.4ha (43 acres) Outline consent for 380 dwellings Consent