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AGENT'S DETAILS

PROPERTY AGENT
Mark Minchell

Residential Development Opportunity, Shopwyke Lakes, Chichester, PO20 2AA

For sale: POA|1.45 Acres|Land, Commercial Land

PROPERTY DETAILS

FOR SALEPOA
SIZE1.45 Acres
ADDRESSResidential Development Opportunity, Shopwyke Lakes, Chichester, PO20 2AA
TYPELand, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON20th June 2020

DESCRIPTION

Description

RESIDENTIAL DEVELOPMENT OPPORTUNITY
FOR SALE BY PRIVATE TREATY
BEST BIDS 2ND APRIL AT 12PM

Location

Shopwyke Lakes is located approximately 1.2 miles from the city centre, an attractive Cathedral City in West Sussex. The subject site lies at the centre of the wider development of 585 dwellings, located off of the A27 which connects Chichester to Portsmouth and Brighton.

Southampton Airport is approximately 26 miles to the west and London Gatwick 34 miles to the north east. Direct trains to London Victoria run from Chichester Railway Station twice an hour with a fastest journey time of circa 1 hour 35 minutes.

Planning

The wider development benefits from outline planning consent (ref: 11/05283/OUT) for '500 dwellings in a parkland setting with community facilities, an elderly care village, localised retail units, major new public open spaces, associated vehicular access, cycle and pedestrian access, drainage and landscaping'.

In addition to the above, a new planning application was approved in November 2016 (ref:O/15/03720/OUT) for 'Additional 85 dwellings on land with outline approval for 500 dwellings under reference O/11/05283/OUT'.

The subject site benefits from planning permission for Community Facilities and Employment uses under use classes A1, A3, B1, D1 and D2. We are of the opinion that the site can be optimised with a further circa 7000 sqm by way of C3 residential accommodation in conjunction with the commercial uses.
The Seller will require the Purchaser to apply for full planning and subsequently deliver the residential units together with the community and employment uses. The affordable housing requirement for the site is 30%. This will be an obligation for the Purchaser to provide.


VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

The site extends to approximately 1.45 acres (0.588 ha) and forms part of the wider 80 acre lakeside village. The Shopwyke masterplan has been designed around two lakes which are the focal points of the development.
The subject site is located at the centre of the overall site and overlooking the central lake.
Cala Homes are currently on site delivering Phase I compromising 398 dwellings. Phase I is located immediately to the south and north of the subject site. Taylor Wimpey have acquired the Phase II land, located on the eastern boundary of the site.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The site is offered freehold with vacant possession on completion.

BEST BIDS 2ND APRIL AT 12PM
( Agency Pilot Software Ref: 3473 )

LOCATION

Location: Residential Development Opportunity, Shopwyke Lakes, Chichester, PO20 2AA

Chichester (1.8 miles)

Fishbourne (Sussex) (3.1 miles)

Barnham (4.5 miles)

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