Development opportunity

For Sale - Prime Residential Development Opportunity Land adjacent to The Old School House, Matterdale CA11 0LD.

Key features:

• • Development Land Extending to Approximately 0.10 Hectares (0.25 Acres)
• • Planning Permission (7/2018/3149) for the Erection of Four Dwellings
• • Two Local Needs, Two Affordable Local Needs
• • Located within the Lake District National Park
• • Offers Invited for the Freehold interest.

LOCATION
The site is located in the attractive rural location of Matterdale, Penrith, within the Lake District National Park, in the North-West of England. The site is accessed off a lane adjacent to A5091, some 3.5 miles from the A66. The A66 being one of the main routes to west Cumbria and the M6.

The local town of Penrith has an approximate population of 15,181 and benefits from a wealth of amenities, with a bustling town centre, home to a range of shops and leisure facilities. The nearby City of Carlisle has a residential population of approximately 74,000 (2021). As well as being the dominant shopping location, it is also the administrative centre in Cumbria and the Scottish Borders.

The site is situated just north of Ullswater Lake, lying some 10 miles from Junction 40 of the M6 Motorway providing excellent transport links. Penrith is based on the West Coast Rail Link between Glasgow and London Euston and there is a direct train line from Carlisle to Newcastle run by Northern Rail. Newcastle International Airport is approximately 82 miles away, via the A69.

THE OPPORTUNITY
The site benefits from planning permission (7/2018/3149) for the erection of four dwellings (two local needs and two affordable local needs). The site lies just 3.5 miles from the A66, providing excellent transport links across Cumbria and beyond and is flanked by some of the Lake District’s most spectacular fells.

The site is situated just north of Ullswater Lake which is the second largest lake in England. With the recreational activities the area has to offer, it is an attractive location for tourism.

Further information in respect of the planning history is available from the selling agent, but the developer should satisfy themselves over the status of the planning permission which affects the land.

SECTION 106 AGREEMENT
A copy of the Section 106 agreement is available upon request from the selling agents.

SITE CONDITIONS
The developer will be responsible for any necessary assessment of ground conditions and will need to satisfy themselves that development of the land can take place safely.

SERVICES
It is the responsibility of the purchaser to determine the exact position of existing services and to arrange for any modification/connection of these to the development in consultation with the relevant services providers.

RIGHS, EASEMENTS AND OUTGOINGS
The property is sold subject to and with the benefit of all rights of way, whether public or private and existing or proposed wayleaves, easements, restrictions and burdens of whatever kind whether referred to in these particulars or not. The buyer will be held to have satisfied themselves on such matters.

The Vendor will retain a right of access for all purposes to their retained land as shown marked brown on the site plan. This will equate to a minimum of 20ft in width.

METHOD OF SALE
The land is offered for sale by Private Treaty as a whole.

Unconditional offers should be submitted to the selling agent (Edwin Thompson, FIFTEEN, Montgomery Way, Rosehill, Carlisle CA1 2RW). Please note, the Sellers are not obligated to accept the highest or indeed any offer.

A closing date for offers may be fixed, and prospective purchasers are advised to register their interest with the selling agent following inspection.

The vendors reserve the right to amalgamate, withdraw or exclude any of the land shown at any time or to generally amend the particulars of sale.

VAT
All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS
Each party to bear their own legal costs in the preparation and settlement of the sale documentation together with any VAT thereon.

MONEY LAUNDERING REGULATIONS
The successful Purchaser(s) should be aware that they will have to provide us with documents in relation to the Money Laundering Regulations. Further details are available upon request.

VIEWING
The land is available to view by prior appointment with sole selling agents Edwin Thompson LLP.

Contact:
Ruth Richardson - r.richardson@edwin-thompson.co.uk
Megan Proctor - m.proctor@edwin-thompson.co.uk
Tel: 01228 548385

Property Ref:260_2525_4942868

Marketed by: Edwin Thompson, Keswick