6 bedroom house
Waltham Abbey, Essex, EN9 3SX
Guide Price
£2,000,000
Residential Tags: Farmhouse, Grade II
Property Tags: Development Potential, Equestrian
Land Tags: Paddock
Summary Details
- First Marketed: Sep 2021
- Removed: Dec 2021
- Residential Tags: Farmhouse, Grade II
- Property Tags: Development Potential, Equestrian
- Land Tags: Paddock
Well-appointed equestrian complex let on a commercial lease, with an unexpired term of approximately 6 years.
Description
The Site is currently leased to an equestrian business on a 25 year term at a rent of £45,000 pa, with approximately 6 years unexired on the lease. The equestrian centre has a rateable value of £42,750. The Site is being disposed on a part freehold part leasehold basis.
The freehold area of the Site includes the built-up part of the current equestrian centre lease, including: Woodredon Farm House (a Grade II listed Georgian house), a pair of semi-detached cottages known as 1 & 2 White Cottages, various stable blocks amounting to 64 stables in total, together with an indoor riding school, lunging ring, various barns and ancillary buildings in association with the equestrian centre.
The leasehold area of the Site includes the paddock land, which extends to approximately 34 acres and is divided into small paddocks, together with Vodafone Radio Base Station and outdoor manège.
The Vodafone Radio Base Station is located to the west of the Site and is currently let, with the tenant holding over at a rent of £8,032.69 per annum.
The Site is situated within the planning jurisdiction of Epping Forest and within the Green Belt.
Location
The Site is situated in a readily accessible location, immediately within the M25, approximately 2.6 km (1.6 mi) to the north west of Loughton and 3.6 km (2.2 mi) to the east of Waltham Abbey. Junction 27 of the M25 and Junction 6 of the M11 are located approximately 5.0 km (3.1 mi) to the east.
Acreage: 34 Acres
Directions
Postcode - EN9 3SX.
Additional Info
Development Opportunities - The Site has an extensive planning history dating back to 1909. The earlier applications are largely related to the site’s previous agricultural use. The site is now used as a horse riding school and livery yard, since 1968.
The Site is designated as Green Belt and has a Grade II listed building within it and numerous buildings which are located within the setting of that building, including the Old Dairy, a locally listed building. There are national and local policies which seek to preserve the heritage asset and the openness of the Green Belt.
However, given the extent of previously developed land on the Site and the extent of built form, it is considered that the Site has good prospects for partial or complete redevelopment of existing buildings on the Site to provide residential dwellings.
Any development will need to preserve or enhance the heritage assets and its setting, as well as have no greater impact on the openness of the Green Belt or lead to substantial harm. Consideration will be given to buyer’s intentions with regards to their bid, taking account the vendor’s wider role as the conservator of Epping Forest. These parameters are considered to represent appropriate development in which the vendor would support (or remain) neutral in relation to a redevelopment of part of the Site in Green Belt terms.
Legal Structure - It is intended the Vendor will enter into a Development Agreement with the successful Developer, conditional on them securing a satisfactory planning consent for their proposed residential development; unless it is being purchased for owner occupier or investment use. In any case, there will be certain development and use constraints imposed onto the Site in perpetuity on a sale, for the protection of Epping Forest.
There is a requirement to pay a 10% deposit on exchange of the Development Agreement and/or contracts.
The Site is available for sale on a part-freehold part-long leasehold basis. The split of this is shown in the site plan on page 2. The leasehold part of the Site will be subject to a 150 year term and a prohibition on development.
Tenancy - The Property will be sold subject to its existing tenancies.
Existing Wayleaves, Easements and Rights of Ways - The Site will be sold subject to and with the benefit of all wayleaves, easements and right of ways, whether or not mentioned in these particulars.
The vendor requires a right of access to their retained land. Please see the attached plan for the proposed route highlighted in brown.
VAT - We understand that the Site is exempt from VAT.
Method of Sale - The Site is being marketed by private treaty process, with expressions of interested invited.
All interested parties are advised to examine the information held in our data room, linked below, and make their own enquiries in advance of submitting their expression of interest.
In submitting offers, parties should provide sufficient information to allow the vendor to assess the nature of the proposal and the level of due diligence undertaken. Please note that the vendors do not undertake to accept the highest offer or indeed any offer.
Viewings - Viewings are strictly by appointment only and are to be arranged by prior appointment with Savills. Prospective purchasers should note that Savills take no responsibility for any injury or accident at the Site. Viewers visit the Site at their own risk. Should you wish to make an appointment, please contact those listed below.
Data Room - Further information pertaining to the planning and technical documents can be found via the link on the downloadable brochure.
Marketed by: Savills, Chelmsford
Description
The Site is currently leased to an equestrian business on a 25 year term at a rent of £45,000 pa, with approximately 6 years unexired on the lease. The equestrian centre has a rateable value of £42,750. The Site is being disposed on a part freehold part leasehold basis.
The freehold area of the Site includes the built-up part of the current equestrian centre lease, including: Woodredon Farm House (a Grade II listed Georgian house), a pair of semi-detached cottages known as 1 & 2 White Cottages, various stable blocks amounting to 64 stables in total, together with an indoor riding school, lunging ring, various barns and ancillary buildings in association with the equestrian centre.
The leasehold area of the Site includes the paddock land, which extends to approximately 34 acres and is divided into small paddocks, together with Vodafone Radio Base Station and outdoor manège.
The Vodafone Radio Base Station is located to the west of the Site and is currently let, with the tenant holding over at a rent of £8,032.69 per annum.
The Site is situated within the planning jurisdiction of Epping Forest and within the Green Belt.
Location
The Site is situated in a readily accessible location, immediately within the M25, approximately 2.6 km (1.6 mi) to the north west of Loughton and 3.6 km (2.2 mi) to the east of Waltham Abbey. Junction 27 of the M25 and Junction 6 of the M11 are located approximately 5.0 km (3.1 mi) to the east.
Acreage: 34 Acres
Directions
Postcode - EN9 3SX.
Additional Info
Development Opportunities - The Site has an extensive planning history dating back to 1909. The earlier applications are largely related to the site’s previous agricultural use. The site is now used as a horse riding school and livery yard, since 1968.
The Site is designated as Green Belt and has a Grade II listed building within it and numerous buildings which are located within the setting of that building, including the Old Dairy, a locally listed building. There are national and local policies which seek to preserve the heritage asset and the openness of the Green Belt.
However, given the extent of previously developed land on the Site and the extent of built form, it is considered that the Site has good prospects for partial or complete redevelopment of existing buildings on the Site to provide residential dwellings.
Any development will need to preserve or enhance the heritage assets and its setting, as well as have no greater impact on the openness of the Green Belt or lead to substantial harm. Consideration will be given to buyer’s intentions with regards to their bid, taking account the vendor’s wider role as the conservator of Epping Forest. These parameters are considered to represent appropriate development in which the vendor would support (or remain) neutral in relation to a redevelopment of part of the Site in Green Belt terms.
Legal Structure - It is intended the Vendor will enter into a Development Agreement with the successful Developer, conditional on them securing a satisfactory planning consent for their proposed residential development; unless it is being purchased for owner occupier or investment use. In any case, there will be certain development and use constraints imposed onto the Site in perpetuity on a sale, for the protection of Epping Forest.
There is a requirement to pay a 10% deposit on exchange of the Development Agreement and/or contracts.
The Site is available for sale on a part-freehold part-long leasehold basis. The split of this is shown in the site plan on page 2. The leasehold part of the Site will be subject to a 150 year term and a prohibition on development.
Tenancy - The Property will be sold subject to its existing tenancies.
Existing Wayleaves, Easements and Rights of Ways - The Site will be sold subject to and with the benefit of all wayleaves, easements and right of ways, whether or not mentioned in these particulars.
The vendor requires a right of access to their retained land. Please see the attached plan for the proposed route highlighted in brown.
VAT - We understand that the Site is exempt from VAT.
Method of Sale - The Site is being marketed by private treaty process, with expressions of interested invited.
All interested parties are advised to examine the information held in our data room, linked below, and make their own enquiries in advance of submitting their expression of interest.
In submitting offers, parties should provide sufficient information to allow the vendor to assess the nature of the proposal and the level of due diligence undertaken. Please note that the vendors do not undertake to accept the highest offer or indeed any offer.
Viewings - Viewings are strictly by appointment only and are to be arranged by prior appointment with Savills. Prospective purchasers should note that Savills take no responsibility for any injury or accident at the Site. Viewers visit the Site at their own risk. Should you wish to make an appointment, please contact those listed below.
Data Room - Further information pertaining to the planning and technical documents can be found via the link on the downloadable brochure.
Marketed by: Savills, Chelmsford
Land Registry Data
- No historical data found.