FOR SALE - Strategic Development Site

Transcription

1 Castle Farm, Castle Farm Way,, Shropshire, TF2 9UR Approximately Bid deadline 12 Senior Location The site lies in the Priorslee area of Telford within the Borough of Telford and Wrekin approximately 1.74 miles (2.8 km) to the north east of Telford Town Centre. Castle Farm Way (A4640) forms the eastern edge of the site and links the site via the Limekiln Bank roundabout to the A5, 0.80 miles (1.29 km) to the north and to Junction 4 of the M54, 0.50 miles (0.80km) to the south. The M54 provides access to Shrewsbury (17 miles / 27km to the east), Wolverhampton (15 miles / 24 km to the west) and (32 miles / 51km to the south east). To the south between the site and the M54 lies Priorslee Lake. and Harris Lamb on its behalf and for the Vendors or Lessors of this property, whose Agents they them. No person in the employment of or Harris Lamb has any authority to make any representation

2 Castle Farm, Castle Farm Way,, Shropshire, TF2 9UR Approximately Bid deadline 12 Senior To the south of the site beyond the M54 is an existing employment area known as Stafford Park with occupiers including Schneider Electric, TIG Group Automotive and Johnson Controls. This comprises a mix of large industrial and commercial units. To the south-west corner of the site lies Holy Trinity Academy Land and to the north east of the site is open countryside, made up of mixed arable and pasture land. 0.5 miles (0.8 km) to the west of the site is the University of Wolverhampton, Telford Innovation Campus. i54 Business Park is located 12 miles (19km) to the west of the site at Junction 2 of the M54. The Park is the location of the 1,000,000 sq ft Jaguar Land Rover Engine Manufacturing Centre ( Description The property comprises the former Celestica factory, now cleared. The site extends to approx with access from Castle Farm Way. The topography of the site rises by approximately 15 metres from the southern boundary of the site adjacent to the M54, to the northern edge of the site adjacent to Castle Farm Way. The gradient towards the southern side of the site provides the opportunity of elevated views towards Priorslee Lake. There is a brook course which runs through the site and discharges into Priorslee Lake. The Lake is managed by Seven Trent Water. The submitted Flood Risk/Drainage Assessment as part of the Outline application identifies that surface water from the site will be discharged into Priorslee Lake. Town Planning The site has an Permission, with access approved and all other matters reserved (approved 24 th March 2014 Ref No: TWC/2013/0769) for up to 600No. dwellings. This permission expires 25 March Previously the site has benefitted from a Resolution to Grant Permission (Ref No: W2006/0966) for the erection of 51,095 sq m of employment floorspace (Use Class B1/B2), residential development (550 dwellings), and hotel (6,503 sq m). The extant Planning Permission is subject to a Section 106 Agreement (dated 26 March 2014), the financial obligations of which total 2,241,000, and are listed below; Primary Education Contribution - 400,000 SUD s Commuted Sum - 341,000 Off Site Recreation Contribution - 220,000 Sustainable Transport Contribution - 100,000 Bus Stop Contribution - 10,000 and Harris Lamb on its behalf and for the Vendors or Lessors of this property, whose Agents they them. No person in the employment of or Harris Lamb has any authority to make any representation

3 Castle Farm, Castle Farm Way,, Shropshire, TF2 9UR Approximately Bid deadline 12 Senior Traffic Lights Commuted Sum - 48,000 Toucan Crossing Commuted Sum - 12,000 Travel Plan and Monitoring Contribution - 10,000 Affordable Housing Contribution - 1,100,000 (in lieu of onsite provision) Copies of all associated planning documents and agreed planning drawings are available within the CBRE extranet Data Room (see Data Room section below for access details). For further planning enquiries, please contact Telford and Wrekin Council on or planning.control@telford.gov.uk Services Mains water, gas, electricity, drainage and BT are understood to be available to service the proposed development. Prospective purchasers are however advised to make their own enquiries of the relevant providers. Tenure The site is to be sold freehold, with full vacant possession. Technical Data Copies of the various supporting documents are available within the dedicated extranet Room, under the following headings; Conceptual Masterplan Design and Access Statement Planning Statement Flood Risk Assessment Geo Environmental Report Earthworks and Enabling Works Statement Planning Decision Notice and S106 Agreement and Harris Lamb on its behalf and for the Vendors or Lessors of this property, whose Agents they them. No person in the employment of or Harris Lamb has any authority to make any representation

4 Castle Farm, Castle Farm Way,, Shropshire, TF2 9UR Approximately Data Room The technical data is held in the dedicated extranet Data Room, available via password access only. Password access to the Data Room is available upon request from Will Blacker only (CBRE). Viewing Viewing of the site is available by roadside inspection at any time. On site access to the site can be arranged by prior notice through the joint agents, CBRE or Harris Lamb (please contact Will Blacker on / ). Bid Process Offers are invited for the freehold interest of the site on an unconditional or conditional basis. Interested parties must submit their offers in writing, to include completion in full of the Bid Proforma, which is available upon request. Offers are to be submitted for the attention of Adrian Willet () & Andrew Lamb (Andrew.lamb@harrislamb.com) by 12 noon on 7 th April The vendor reserves the right not to accept the highest, or any offer received. Each party is to bear its own legal costs in connection with this transaction. The property is elected for VAT. Bid deadline 12 Senior Red line boundary and Harris Lamb on its behalf and for the Vendors or Lessors of this property, whose Agents they them. No person in the employment of or Harris Lamb has any authority to make any representation

5 Castle Farm, Castle Farm Way,, Shropshire, TF2 9UR Approximately Bid deadline 12 Senior and Harris Lamb on its behalf and for the Vendors or Lessors of this property, whose Agents they them. No person in the employment of or Harris Lamb has any authority to make any representation