Bidding Guidance : Pentons, Ruyton XI Towns

Transcription

1 Bidding Guidance : Pentons, Ruyton XI Towns DRAFT HEADS OF TERMS : subject to contract METHOD OF SALE THE PROPERTY SITE AREA RETAINED STRIP Informal Tender. Former Dairy site, School Lane, Ruyton XI Towns, Shropshire, SY4 1LZ; as identified on the site plan. Site extends to approx. 2.7 ha (6.7 acres) and 9,612 sqm (103,466 sqft) of floorspace Transfer Land : edged RED : ha (6.784 acres) Overage Land : tinted GREEN : ha (1.180 acres) Outline Planning Permission Land : ha (5.604 acres) Retained Land : edged BLUE : ha (1.569 acres) RIGHTS RESERVED Access Rights Reserved include the area cross-hatched BLACK, to facilitate access to the paddock (Retained Land edged BLUE) off Olden Lane. In the event the Overage Land (tinted GREEN) is not required by the Purchaser then the Purchaser proposes to proceed by acquisitions solely of the Outline Planning Permission Land the Vendor will reserve for themselves and their successors in title by way of the transfer rights for access to lay, install, repair and renew services and for vehicular and pedestrian access over the Outline Planning Permission Land. OVERAGE For a period of 30 years from the date of completion a 40% overage will apply in the event the Overage Land (tinted GREEN) benefits from an uplift in value through the sale of the land with the benefit of a planning permission and its implementation; this will be for the benefit of the Pension Trustees or their successors in title and be triggered on either the disposal with the benefit of a planning permission or implementation of a planning permission. NAME OF VENDOR Pentons Haulage & Cold Storage Retirement Benefit Scheme. J10 Planning Ltd 1 22 Feb 2106

2 VENDORS LAWYERS Thomas Pearson of JMW Solicitors LLP 1 Byrom Place, Spinningfields, Manchester, M3 3HG thomas.pearson@jmw.co.uk Tel : Mob : Fax : DX Address : 14372, Manchester 1 VENDORS AGENTS Justin Paul of J10 Planning Ltd 1-3 Upper Eastgate Row, Eastgate Row North, Chester, CH11LQ justin@j10planning.com Tel : Mob : Fax : IMPORTANT NOTES These guidance notes and any other associated supplementary information provided by the agents are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and have been produced in good faith, they are set out as a general guide only and do not constitute any part of an offer or contract. Prospective purchaser(s) may wish to seek their own professional advice. Please note that the vendor is not required to accept the highest or indeed any offer. Any offer is made at your own risk. No person in the employment of J10 Planning Ltd or JMW Solicitors LLP has any authority to make or give any representation to warranty (including services) whatsoever, in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the vendor. A final inspection prior to exchange of contracts is recommended. All measurements, dimensions, areas, text, photographs, plans, reference to condition and if necessary permissions for use and occupation and their details are provided in good faith and are believed to be correct, they should not be relied upon as a true, scaled and precise representation and are provided for guidance only. Any intending purchaser(s) should not rely upon them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. J10 Planning Ltd 2 22 Feb 2106

3 CONDITIONS OF BIDDNG COSTS VAT TENURE DEPOSIT ASSIGNABILTY OVERAGE LAND Each side to pay their own cost of the transaction. We are advised that the sale price will be subject to VAT and that the property is elected for VAT. The site is being offered for sale as a Freehold either with the benefit of vacant possession (subject to a 3 month break notice on a lease) or subject to the balance of a 5 year lease term between the owners (Pentons Haulage & Cold Storage Retirement Benefit Scheme) and Pentons Haulage & Cold Storage Ltd. The lease will contain a rolling break clause of 3 months actionable by both landlord and tenant. A 10% non-refundable deposit will be payable upon exchange for the successful bidder and offset against the purchase price at completion. None. You are not obliged to include the Overage Land tinted GREEN as part of your bid, however, if you are seeking to acquire this area of land over and above the land which is subject of the Outline Planning Permission then you may consider acquiring this in one of two ways. Firstly, by way of an option to purchase that will attract a 50,000 premium that will be non-returnable and nondeductible from any eventual purchase price or overage valuation for the benefit of a 10 year option. The price will be calculated on the market value of the overage land at the time of service of the option notice. Upon exercise of the option the Overage provisions would then apply. Secondly, by way of a straight transfer purchase of the transfer land with the overage provisions applying from the date of completion to the overage land. DELAYED DEVELOPMENT OPTION SUB-STATION There is an opportunity to agree a delayed development option, with the potential for a period of future rental income being generated from Pentons Haulage & Cold Storage Limited s continued use of the site whilst planning permission is achieved by virtue of the lease referred to above under the heading Tenure with a passing rent of 75,000 per annum (exclusive of VAT). Whist there maybe an opportunity to remove the 11KV substation located on site no such opportunity is believed to remove/relocate the 33KV sub-station. J10 Planning Ltd 3 22 Feb 2106

4 DETAILS REQUIRED FOR ANY BID Name of Purchaser Key Contact Details for Purchaser Purchaser s Agent Purchaser s Lawyer Purchaser s Guarantor Funding / Finance full details Including Company Registration Number, Company VAT Number and Registered Address of Purchaser full name, title, position, , mobile, landline and address full details full details full details Please confirm whether any finance is required or not. If not, then please provide proof of available funds. If it is, then please provide written evidence that funding is available and has been approved in principle for the purchase of this property; identifying the funder(s) and providing letter of intent. Accounts Authority to Bid Intentions Scheme Bid Basis of Bid Conditionality & Price Timescale Track Record & References Purchasers Professional Team Where requested, a copy of last 3 years trading accounts to be provided. If authority is required then please provide details of your ability to offer and whether any board or other approvals to complete a purchase are required. You must declare your intentions clearly; stating whether you are seeking to acquire as an investment or as a development site and for what planning use class(s) are intended. If acquiring for redevelopment you will be expected to provide a draft schematic layout with a schedule of accommodation identifying the number of units and floorspace involved. You must state whether your interest pertains to the whole of the transfer land (i.e. the land edged RED which includes the Overage Land tinted GREEN) and whether the overage land is to be needed in the transfer and price or to be taken by way of an option (i.e. the land edged RED less the Overage Land tinted GREEN). Any conditionality must be set out clearly together with the price and any proposed payment profile. Exchange is expected to take place by 30 June Bidders must confirm how they intend on meeting this deadline and provide a detailed programme for any subsequent stages towards completion (e.g. planning, consultation, conditional discharge, commencement of build). Where requested, you must provide evidence of experience and delivery and two referees with whom the vendor can approach. For all conditional bids you must provide details of any development team (design, planning, technical, etc) to be appointed. J10 Planning Ltd 4 22 Feb 2106

5 BIDDING NOTES 1. The vendors expect full information to be provided with any offer submitted and any information that is incomplete or not provided will deem the offer void and will not be taken any further. 2. Bids marked Pentons must be submitted by no later than 12 noon Friday 8 April 2016 and sent FAO Justin Paul at J10 Planning. Any bids received after this date will be considered at the discretion of the vendor and his agents. 3. Following the receipt of bids a shortlist of parties will be selected to proceed to a further round of bidding when best and final offers will be invited. 4. Please note that the vendor is not required to accept the highest or indeed any offer. Any offer is made at your own risk. 5. Outline planing permission was granted on 15 November 2007 (ref. 05/13752/OUT) for the redevelopment of the site for up to 80 residential dwellings subject to a S106 legal agreement (dated 6 November 2007, as illustrated by the schematic masterplan shown below. This permission was renewed/extended on 23 December 2011 (ref 10/04143/OUT) with a deed of variation to the S106 legal agreement dated 22 December A detailed Information Pack is available for download from a DATAROOM. This includes topographical survey drawings to facilitate bidders in preparing a scheme and a host of technical surveys and assessments. This is only available from the vendor s lawyer Thomas Pearson of JMW Solicitors LLP, 1 Byrom Place, Spinningfields, Manchester, M3 3HG : thomas.pearson@jmw.co.uk upon written /letter request identifying the interested party. 7. Viewing and access strictly through prior appointment with agents. SITE PLAN J10 Planning Ltd 5 22 Feb 2106

6 AERIAL IMAGE OF SITE OUTLINE PERMISSION MASTERPLAN J10 Planning Ltd 6 22 Feb 2106

7 PROJECT : Pentons, Dairy Site, School Lane, Ruyton XI Towns, Shropshire, SY4 1LZ CLIENT : Pentons Haulage & Cold Storage Retirement Benefit Scheme INFORMATION PACK : Schedule of Documentation : dated 26 February 2016 DESCRIPTION AUTHOR CONTACT FORMAT DOCUMENT / DRAWING REF. SCALE DATE Planning Statement J10 Planning Justin Paul A4 Renewal statement NTS Sept 2010 Site Location Plan (submitted with plannig applications) J10 Planning Justin Paul A4 NA NTS Sept 2010 Planning History Note J10 Planning Justin Paul A4 NA NTS Feb 2016 Decision Notice Shropshire Council NA A4 10/04143/OUT NTS 23 Dec 2011 S106 legal agreement Shropshire Council NA A4 10/04143/OUT NTS 22 Dec 2011 Committee Report Shropshire Council NA A4 10/04143/OUT NTS 15 Dec 2011 Committee Minutes Shropshire Council NA A4 10/04143/OUT NTS 10 Jan 2012 S106 legal agreement Oswestry Borough Council NA A4 05/13752/OUT NTS 6 Nov 2007 Decision Notice Oswestry Borough Council NA A4 05/13752/OUT NTS 15 Nov 2007 Committee Report Oswestry Borough Council NA A4 05/13752/OUT NTS 9 Aug 2005 Archaeological Assessment Report Gifford (now Rambol) Anne Thompson A /Arch/R01rev1 NTS 14 March 2005 Asbestos Refurbishment Survey ABC Group Simon Wood A4 P NTS 12 Nov 2015 Technical Appraisal Report (Desktop Environmental) Gifford (now Rambol) Nigel Cossons A TDA/01RevA NTS 25 Oct Technical Appraisal Report (Desktop Environmental) - addendum Gifford (now Rambol) Nigel Cossons A /DS/01Addendum NTS 26 July 2005 Design & Access Statement Planit ie Andy Roberts A3 DAS NTS July 2010 Masterplan Planit ie Andy Roberts A3 Masterplan NTS Feb 2007 Masterplan (refuse plan) Planit ie Andy Roberts A4 Masterplan NTS 3 Nov 2010 Flood Risk Assessment Gifford (now Rambol) Nigel Cossons A WT001 NTS 15 July 2010 Ecological Assessment JW Ecological Joe Whittick A4 Ref 724 NTS 11 May 2011 EPC : Warehouse, Canteen and Residential BP Building Compliance Jason Broderick-Pierce A4 NA NTS 10 Dec 2015 Existing Services & Utilities Infrastructure Tony Malkin Consulting Tony Malkin A4 TMC/ NTS Jan 2016 Transport Assessment Gifford (now Rambol) Nigel Roberts A TR001 NTS 12 July 2010 Interim Residential Travel Plan Gifford (now Rambol) Nigel Roberts A TR001 NTS July 2010 Topographical & Measured Buildings Survey MB Surveys Martin Bolton A1 various (PDF and DWG) Nov 2015 Preliminary Arboricultural Impact Assessment (Phase 2) Tree Solutions Alistair Henderson A4 10/AIA/P2/Shrops/08 NTS 28 June 2010 Official Copy of Entries of Title and Plan Land Registry Thomas Pearson A4 Land Registry : SL NTS 22 May 2015 Property Deeds Note JMW Solicitors Thomas Pearson A4 NA NTS 26 Feb 2016 Occupational Lease TBC Thomas Pearson A4 NA NTS TBC CPSE1 Questionnaire Vendor Thomas Pearson A4 CPSE1 NTS 26 Feb 2016 Highway Search TM Group Thomas Pearson A4 TM Group NTS 11 Jan 2016 Local Authority Search Shropshire Council Thomas Pearson A4 Shropshire Council NTS 26 Jan 2016 Drainage & Water Search Severn Trent Thomas Pearson A4 Commercial DW Severn Trent NTS 25 Jan 2016 Bidding Guidance J10 Planning Justin Paul A4 NA NTS 22 Feb 2016 Marketing Particulars J10 Planning Justin Paul A4 NA NTS Feb 2016 Site Plan J10 Planning Justin Paul A4 J10/Pentons/v.1/Jan Jan 2016 J10 Planning Ltd 1-3 Upper Eastgate Row, Eastgate Row North, Chester, CH1 1LQ Tel Fax justin@j10planning.com