29-33 Clophill Road, Bedford, Bedfordshire

Price on Application

£7,000,000

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Offer Accepted

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Property overview

POTENTIAL RESIDENTiAL DEVELOPMENT SITE
LANDS EXTENDS TO c.5.93 ACRES (2.4ha)
SUBJECT TO PLANNING APPROVAL
INDICATIVE LAYOUT FOR 25 UNITS & 5 CUSTOM/SELF-BUILD PLOTS

Property description

**SUPERB POTENTIAL RESIDENTIAL DEVELOPMENT SITE OFFERED SUBJECT TO PLANNING APPROVAL**

Offered for sale subject to planning approval, is this superb, potential residential development site located on Clophill Road in Maulden, Bedfordshire.

An excellent opportunity to acquire land extending to c.5.93 acres (2.4 ha) on a conditional basis, with planning submitted for residential development having indicative layout detailing 25 dwellings and five large Custom/Self-Build plots.

IN BRIEF
This site is offered for sale subject to outline planning permission with an indicative layout detailing 25 residential dwellings and five large Custom/Self-Build plots.

The land extends to c.5.93 acres (2.4 ha) and is located in a non-estate setting benefitting from an open outlook to three sides and there is a also a 30% affordable housing requirement.

A full technical pack and copies of all planning drawings and reports are available in a Dropbox. A legal pack will also be made available.

LOCATION
The sought after Central Beds village of Maulden is located just off the A507 close to the villages of Ampthill & Clophill and offers easy access to the A6, M1 (J.13) and Midland Mainline station at Flitwick.

The village benefits from a range of local facilities and amenities including a shop, pubs /restaurant and a lower school.

DEMOLITION
The vendors will demolish any existing buildings as required, to facilitate the access road.

PLANNING & DEVELOPMENT
The land is currently designated for employment under Policy EMP4(10A) of the Mid Bedfordshire Local Plan First Review (2005) and Policy EA7 of the Site Allocations Plan 2011.

Since the previous application for this land (CB/18/01385/OUT) was withdrawn, it has been included in the list of sites in Appendix 4 of the now adopted Local Plan to which Policy EMP2 applies.

This states: ‘Sites identified within Appendix 4 will be considered favourably for alternative, non-employment generating uses’.

The principle of residential development is therefore supported by adopted policy.

An Outline planning application reference CB/22/00588/OUT was validated on 22nd February, this is for a development comprising demolition of existing commercial building and erection of up to 30 dwellings, together with all ancillary works. All matters reserved except access.

From recent discussions with CBC Planning department, it has been indicated the application will be determined at Planning committee meeting to be held on 25th January 2023, a positive recommendation is expected.

The indicative layout indicates the units/ accommodation detailed in our accompanying schedule.

It is believed the Custom/Self-Build plots could accommodate dwellings up to 4,000 ft2.

Note: A sketch layout was previously produced detailing 51 dwellings.

SECTION 106
There will be a required payment of £527,709 (£17,590 per plot), a copy of the draft agreement will be available on request.

SITE WORKS
There are two historic foundations on part of the land (each c5m in length) which were excavated some years ago to keep a previous Commercial planning consent live.

NOTE: With any future reserved matters application, the vendors will require the purchaser within their development layout (as current layout or if amended), to facilitate road access to the land adjacent to the western boundary, together with them retaining full rights for access, extension of statutory services and drainage.

PLANNING DOCUMENTS
All planning documents are available in a Dropbox, please contact Compass Elevation for details.

SERVICES
It is believed that all mains services are available to serve the new development but prospective purchasers must satisfy themselves with respect to availability and cost of connection.

WAYLEAVES/RIGHTS OF WAY
The site is sold subject to all Wayleaves and Easements. There is a restricted right of way at the rear of the land (as detailed on the layout plan) which will need to be maintained.

TENURE
The site is to be sold freehold.

SALES VALUES
Projected sales value recommendations can be provided on request from Compass Elevation.

VAT
The vendors will not be electing to charge VAT on the sale price.

VIEWINGS
Strictly by appointment via Compass Land and Development. Please call to arrange.

CONTACT
David Donnelly or Mark Sheffield – Compass Elevation.

TERMS & CONDITIONS OF SALE
Conditional offers are invited, by Friday 27th January 2023, subject to planning and contract for the scheme submitted.

CONDITIONS OF SALE:

1. The purchasers are to exchange conditional contracts within 6 weeks from the date their solicitors receive draft contract pack.

2. Legal completion is to take place within 4 weeks from receipt of planning consent, but must be no later than 31st March 2023.

3. Compass Elevation are to be retained as sole selling agents by the purchasers, for the resultant new homes (at terms to be agreed).

Compass Land and Development for themselves and for the vendors of the property, whose agents they are give notice that: (a) these particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (b) no person in the employment of Compass Land and Development has any authority to make or give any representation or warranty whatsoever in relation to the property. These details are presented Subject to Contract and Without Prejudice. The vendors reserve the right to amend specifications without prior notice. DECEMBER 2022.