Land for sale

RESIDENTIAL DEVELOPMENT SITE OFF THENFORD ROAD,

Middleton Cheney, Northamptonshire, OX17 2NB

Edge of Village site with Full Planning permission for 20 Dwellings

Gross site area of 2.80 Acres (1.13 Hectares)

Good Road Access

Desirable Village

LOCATION

The site is located to the south of Thenford Road in the village of Middleton Cheney. Key services and facilities are found within the village, as well as a pub, GP surgery, community centre and school.

The settlement of Middleton Cheney is situated in close proximity to the principal town of Banbury where a wide variety of employment and recreational opportunities can be found. Banbury railway station provides regular services to London Marylebone, Birmingham and Oxford.

DESCRIPTION

The gross site area is approximately 2.80 Acres (1.13 Hectares). The land is reasonably flat and is currently pasture. The site presents a great opportunity as a logical extension to the village of Middleton Cheney.

A report has been commissioned in order to determine the ground conditions. This will be made available in the Data Room.

PLANNING PERMISSION

Planning Permission was obtained via a decision from the Planning Inspector, following an appeal.

Planning permission is granted for 2x1-bedroom apartments, 2x2-bedroom apartments, 4x2-bedroom houses, 7x3-bedroom houses and 5x4-bedroom houses. The permission also includes open space, access and ecological enhancements. The original application is dated 30th January 2020.

The planning conditions are stated in the planning decision found in the Data Room as detailed below.

PLANNING AGREEMENT

A Section 106 Agreement has been completed, full details of the document is available in the Data room.

The contributions will be the responsibility of the purchaser and due consideration should be made within any offer.

DATA ROOM INFORMATION

Further information is available for download from our Data room. Access to the Data room is available from the selling agent.

METHOD OF SALE

The site is offered to the market, on an Informal Tender Basis.

We are looking for bids Subject to Contract only.

Offers are to be submitted to Tom Birks at Brown & Co.

Tender Deadline: 12.00 Noon, Wednesday 30th June 2021.

TENURE

The land will be sold Freehold with Vacant Possession on legal completion.

VAT

Manor Oak Homes and the owners have elected to charge VAT. This will be payable by the purchaser on legal completion in addition to the purchase price.

RESERVATIONS

The seller is to retain a right of way to the East, South and West Boundaries. They will also reserve the right to connect to services on this land.

OVERAGE

The land is to be sold subject to an Overage of 30% for a 10-year period. The Overage is to be paid following the grant of planning permission which gives 10% or greater, more accommodation or a reduction in the affordable housing requirement.

ANTI MONEY LAUNDERING LEGISLATION

In accordance with the most recent Anti Money Laundering Legislation, buyers will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

PLANS

Plans included within these particulars are for identification only and shall not form part of any Contract of Agreement for Sale.

VIEWINGS

Viewing is strictly by appointment made through the vendor's agents, Brown & Co.

EXISTING WAYLEAVES, EASEMENTS & RIGHTS OF WAY

The property is sold with the benefit of all rights, (including rights of way), whether public or private, light support, drainage, water and electricity supplies and other rights, easements, quasi easements and restrictive covenants, as existing and proposed wayleaves for masts, pylons, stays, cables, drain and water, gas and other pipes whether referred to in these particulars or not.

GENERAL REMARKS AND STIPULATIONS

These particulars are Subject to Contract.