EXCLUSIVE Melton Road (A606)

Transcription

1 EXCLUSIVE Residential Development Opportunity SUBJECT TO PLANNING Melton Road (A606) Land East of Melton Road, Edwalton, Nottingham, NG12 4DB For Sale Edwalton Golf Club Freehold Site Area Approximately 1 ha (2.4 acres) Potential residential development land Sought after high value residential area Attractive and accessible location savills.co.uk Red line for indicative purposes only

2 Location The development site is situated in Edwalton, a suburb to the south of Nottingham contiguous with West Bridgford and Gamston. Located approximately four miles south of Nottingham City Centre and within Rushcliffe Borough Council s District area, Edwalton is an ideal commuter location due to its proximity to a number of arterial roads including Melton Road (A606), Loughborough Road (A60), and the outer Ring Road (A52), providing efficient access to Nottingham City Centre as well as the surrounding towns and suburbs including Tollerton, Loughborough, Mansfield, Melton Mowbray, Bingham, Derby and Leicester. The A52 Ring Road also provides direct access to the A453 and A610 which link to J24, J25 and J26 of the M1 Motorway. Nottingham Railway Station is situated approximately three miles to the north of the subject site and due to the position of the site adjacent to Melton Road (A606), there are a number of bus links which provide efficient access to the City Centre and surrounding areas of West Bridgford, Edwalton, Keyworth, Tollerton and Plumtree. West Bridgford town centre is located approximately two miles from the site and provides a range of retail and leisure amenities from both independent and national occupiers, such as M&S Simply Food, Co-Op, Boots, Carluccios, Côte Brasserie, Pizza Express, Cafe Nero, Costa and Oliver Bonas. Morrisons supermarket as well as a number of public houses and Edwalton Golf Course are also situated within one mile of the site. SITUATION Edwalton is a popular and affluent suburb, it is a highly sought after residential location, with the immediate area characterised by substantial and attractive private residences as well as the forthcoming development at Edwalton Grange delivered by Barratts and David Wilson Homes. Bovis Homes will be developing on the opposite side of Melton Road and planning consent has also been granted for a supermarket within half a mile of the site, at the A52 roundabout. The area is synonymous with good primary and secondary schools. The following are in the catchment area: Edwalton Primary School - Ofsted rating Good Rushcliffe Secondary School - Ofsted rating Outstanding 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. The site is bounded to the north by a residential dwelling, to the west by Melton Road, to the south by a small residential scheme known as Hill Farm Court and the eastern boundary is a former railway line and Edwalton Golf Club.

3 DESCRIPTION Generally the site comprises paddock land and mature trees, as well as a former tennis court located to the south of 229 Melton Road. The entrance to the proposed development site is within our client s ownership with a right of way granted to the owner of 229 Melton Road. There is also a secondary access to the site from Melton Road through Hill Farm Court and a public footpath runs across the site from Hill Farm Court to Edwalton Golf Course. The area hatched in red cannot be built upon but would provide garden, amenity / landscaping area. Site Area Having undertaken a measured survey of the site using our Promap Ordnance Survey system we calculate the site area to be as follows: Approximately 1 ha (2.24 acres). Planning The site is covered by the Rushcliffe District Council Local Plan which was adopted November Under Part II Issues and Options further sites are being considered for housing for the Local Plan period of The site lies within the Rushcliffe part of the main built-up area of Nottingham and the principle of development can now be considered positively in accordance with Policies 1 and 3 of the Adopted Core strategy. The site was historically located within the greenbelt but has subsequently been removed. We have worked closely with Aspbury Planning to evaluate the site s development potential and alternative massing / design solutions. Pre-application advice has been received from the Council dated 21 July 2016, which indicates that the site is in a sustainable location and that there would be no objection in principle to residential development on the site. Our initial findings suggest the site is suitable for exclusive large dwellings and apartments subject to a maximum number of 25 units. 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.

4 The following reports which have been commissioned by the client are available from the agent in the form of an information pack: Draft Design and Access Statement Rushcliffe Borough Council, Pre-Application Advice Ecological Appraisal Arboricultural Survey Technical Note relating to access Bat Survey In addition, Aspbury Planning have provided a comprehensive note regarding the principal considerations for planning, which is also included within the information pack. Edwalton Residential Market Edwalton is home to some of Nottingham s most expensive properties, with Valley Road, Melton Road, Croft Road and Village Street containing properties worth over 1 Million. Edwalton Hall Lodge is located in close proximity to the subject site and was the largest property in the suburb. It is now an exclusive complex of mews houses and apartments. Originally the private residence of the Chaworth family, it later became a hotel and restaurant before being developed by Crosby Homes to include a gymnasium, swimming pool and croquet lawn. Edwalton is one of the most sought after suburbs of Nottingham. In our opinion capital values for a small niche exclusive development on this site should achieve values in excess of 300 per sq ft. Tenure The site is offered freehold with vacant possession. Services Mains water, drainage, gas and electricity are understood to be available in the vicinity. Prospective purchases should satisfy through their own enquiries of the relevant local authority as to the availability suitability and capacity of services to the site. Carluccio s and Côte Brasserie located on Central Avenue, West Bridgford

5 VAT We are advised that VAT will not be applicable to the sale price but this is subject to confirmation by the Seller s solicitor. Price Offers Invited based on proposed development. Method of Sale The site will be sold by way of Private Treaty. Offer should be made in writing and should include the following: All bids must evidence sufficient planning due diligence Details of the proposed scheme including indicative drawings and full schedule of accommodation Any conditions relating to your offer Proposed timescales Solicitors details Payment and funding profile Overage provision Offers should be addressed to: Ann Taylor / Ben Glover Savills Enfield Chambers 18 Low Pavement Nottingham NG1 7DG Submissions can be sent via to ataylor@savills.com / bglover@savills.com Please note that the Vendors will not be obligated to accept the highest or indeed any other offer. Please refer to the website ( for full details and any information required is available through the agent. Illustrative site images

6 Viewings Strictly by appointment with Savills only. Contact Ann Taylor Ben Glover Savills Enfield Chambers 18 Low Pavement Nottingham NG1 7DG 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 JH