icons_size_white icons_size

AGENT'S DETAILS


For Sale - Part Complete Residential Development Opportunity, Alston Bank, Chapel Hill, Longridge, Preston, PR3 2YB

For sale: POA|Residential Land, Land, Retail, Leisure, Residential, Commercial Land

PROPERTY DETAILS

FOR SALEPOA
ADDRESSFor Sale - Part Complete Residential Development Opportunity, Alston Bank, Chapel Hill, Longridge, Preston, PR3 2YB
TYPEResidential Land, Land, Retail, Leisure, Residential, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON12th October 2020

DESCRIPTION

LOCATION
The site is located on the edge of Longridge being a popular town in a semi rural setting to the north of Preston within the Ribble Valley. The site lies to the south of Longridge town centre being accessed via Chapel Hill which connects with Lower Lane to the east and Preston Road to the south and ultimately connecting with the very popular surrounding rural settlement whilst also being a short walk from the town centre. Longridge offers an excellent range of retail and leisure facilities in addition to several popular primary and secondary schools.

DESCRIPTION
The land extends to a gross site area of approximately 2.91 hectares (7.2 acres) being partially complete. The development benefits from enviable views overlooking Alston reservoir and open countryside to the south.

ACCOMMODATION
The planning consent comprises the following unit mix:
Type Beds Avg Ft² Number
Open Market
Barn 4 2,212 1
Farmhouse 4 2,346 1
Detached 4 1,234 3
Detached 3 958 5
Semi-detached 5 1,290 1
Semi-detached 4 1,136 4
Semi-detached 3 963 5
Terraced 4 1,011 3
Terraced 3 1,122 10
Bungalow 2 529 4
Apartment 2 686 1
Affordable
Semi-detached 3 974 3
Terraced 4 1,010 3
Terraced 3 830 3
Apartment 2 697 7
Total 54,074 54

TENURE
Freehold.

PLANNING
The site benefits from an extant detailed planning permission for the development of 52 residential units together with the conversion of a former barn and refurbishment of an existing dwelling (53 Chapel Hill). Planning permission reference was 3/2011/1071. Subsequent applications 3/2014/0794 & 3/2015/0575 have deleted and varied several conditions. We understand that the permission includes 30% affordable housing comprising the following:
3 x four bed; 2 x two bed & 3 x three bed shared ownership units
2 x two bed discounted sale units at 70% of OMV
5 x two bed and 1 x three bed affordable rent units

Further information is available within the technical pack, however, interested parties are invited to make any planning related enquiries to the local planning authority, Ribble Valley Borough Council.

CONSTRUCTION STATUS
Watts have reviewed the development and prepared an analysis of the site in regards to construction progress and cost to complete. This report is available within the technical information pack, however, interested parties are advised to undertake their own investigations. We understand that whilst a number of reservations had been taken no sales were completed and therefore the entire site/development is available to purchase. Please refer to the attached accommodation schedule and construction status for ease of reference.

POTENTIAL FURTHER DEVELOPMENT
The development may provide scope for the delivery of additional development on land located to the easterly extent of the wider site subject to planning permission. See attached plan and area hatched red.

TECHNICAL INFORMATION
In the first instance interested parties are requested to formally register with Eckersley, who will thereafter provide an electronic link to download the technical information available. This includes, but is not limited to, the following:-
1. Site plan
2. Illustrative layout
3. Various decision notices
4. S106/278 agreements
5. Design & access statement
6. Ecological report
7. FRA
8. Topographical survey
9. Transport & access assessment

METHOD OF SALE
We are seeking expressions of interest prior to offers with timescales and offer guidelines to be provided in due course.

PHOTOGRAPHS AND PLANS
Any photographs and indicative plans incorporated in these particulars are provided for identification purposes only and should not be relied upon.

VAT
The Receivers are currently undertaking enquiries with HMRC to confirm the VAT status. Details of the outcome will be included in the data room.

LOCATION

Location: For Sale - Part Complete Residential Development Opportunity, Alston Bank, Chapel Hill, Longridge, Preston, PR3 2YB

Ramsgreave & Wilpshire (6.1 miles)

Langho (6.3 miles)

Preston (6.4 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here