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Under OfferFor sale: POA

Development Land at Highworth Road

Residential, Land, Residential Land, Commercial Land , 8.44 Hectares
Property type: Residential, Land, Residential Land, Commercial Land
Tenure: Development Opportunity, Under Offer
Size: 8.44 Hectares
Price: POA
Location: Highworth Road, Faringdon, SN7 7EG
A well-located development site in the historic Market Town of Faringdon, Oxfordshire, with a resolution to grant Planning Consent subject to finalising a S106 agreement.

Lying in an elevated position on the western boundary of the town, with far reaching views over National Trust land, the site extends to 8.44 hectares (20.85 acres) and has outline approval for 190 residential units.

The initial application is available to view online at:
http://www.whitehorsedc.gov.uk/java/support/Main.jsp?MODULE=ApplicationDetails&REF=P16/V0775/O#exactline

A link to a “dropbox” folder, which includes all the planning application submissions and supporting technical reports, is available from the agents upon request. Please refer to the dropbox for the technical reports rather than those available on the local authority’s website above, which in some cases may have been superseded.

If the site is of interest, we can provide Heads of Terms which set out the basis on which offers should be submitted.

The Section 106 agreement is yet to be signed. The contributions are equal to £545,182 in the draft. Please assume this figure in any offer. The purchase price will be adjusted accordingly if the final figure differs from this.

The site will be liable for CIL. This will be charged at £85 per square meter. Offerors must satisfy themselves as to the final amount payable based on the anticipated total area of GIA.

Offers are invited for the purchase by the joint agents Marriotts Property LLP 01367 242422 and Green and Co 01235 763561.
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