Land to the north of Alstone, Teddington, Gloucestershire
On behalf of our client, we are instructed to seek offers for an Option Agreement or Promotion Agreement on the land extending to 5.29 acres which lies to the north of the Alstone within the Parish of Teddington, Gloucestershire.
The site is designated within a Special Landscaped Area, however, outside of the Cotswold Area of Outstanding Natural Beauty (AONB).
Although Tewkesbury Borough Council claim to have a five year housing land supply, it is argued planning policies of the local plan are largely out of date, therefore consider the sustainable site, offers mid-long term prospects for small scale development.
I would be grateful if you could please confirm whether you are interested in this site by submitting an offer, for an Option, Promotion Agreement, including the following headings as a minimum (if Promotion/Option Agreement):
- Purchase Price - Percentage of Market Value (If Option Agreement)
- Percentage of sale price to the retained by the landowner (If Promotion Agreement)
- Deductible costs and any caps
- Minimum price per gross acre within a consent
- Term of Agreement
In addition, we note that our client's professional (legal and surveyors) costs incurred will be payable by yourselves but we should expect these costs to be deductible from the eventual sale price (if option/promotion agreement).
( Agency Pilot Software Ref: 3466 )