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Residential Development Opportunity, Cossall Road, Trowell, Nottingham, Nottinghamshire

For sale: £495,000.00|2.5 Acres|Land, Commercial Land

Property details

FOR SALE£495,000.00
SIZE2.5 Acres
ADDRESSResidential Development Opportunity, Cossall Road, Trowell, Nottingham, Nottinghamshire
TYPELand, Commercial Land
TENUREUnder Offer, For Sale Freehold
POSTED ON8th August 2021

Description

Planning permission to develop four residential units, along with the redevelopment of the existing farmhouse.

DESCRIPTION
The property benefits from planning consent for the development of four residential dwellings (conversion and extension of existing agricultural buildings), in addition to an existing farmhouse which requires full renovation. Once fully developed the site will comprise of five residential units extending to approximately 1.01 hectares (2.50 acres). Access is available directly from Cossall Road.

The site will create a premium rural development with excellent links to Nottingham and the surrounding road network.

LOCATION
The property is located off Cossall Road, 5 miles west of the city of Nottingham, 4 miles southeast of the town of Ilkeston and 0.5 miles north of the village of Trowell. The nearest postcode is: NG9 3PG.

EXISTING FARMHOUSE
Fieldhouse Farmhouse is a detached three bedroom residential property standing within its own garden and residential curtilage. The property is in need of full renovation and benefits from vacant possession.

PLANNING PERMISSION
Planning permission was granted on 25th April 2019 for the construction of four residential dwellings comprising of three conversions of existing agricultural buildings, and the conversion and extension of one agricultural building together with garaging and visitor car parking. Broxtowe Borough Council reference number is: 18/00865/FUL. A copy of the decision notice and planning application documents are available from the selling agent upon request.

TENURE and POSESSION
The property is freehold and vacant possession will be given upon completion.

METHOD OF SALE
The property is offered for sale by Private Treaty as a whole. Offers should be sent to Brown and Co, 6 Market Place, Brigg, North Lincolnshire, DN20 8HA. If you have any queries, please do not hesitate to contact the Brown and Co Brigg office. The vendor reserves the right to conclude the sale by an alternative method, at their discretion.

The purchaser will be required to exchange contracts within 28 working days of receipt by the buyer's solicitor of a draft contract, with completion by arrangement. A 10% deposit will be payable on exchange of contracts.

OVERAGE
An overage clause will be applied for 30% of any uplift in value for period of 40 years for any additional planning consents granted over and above the original consent granted by Broxtowe Borough Council on 25th April 2019 under application reference 18/00865/FUL. The trigger point for the overage will be the grant of planning consent.

For the avoidance of doubt the overage will be calculated from a base point of 5 dwellings (the existing farmhouse plus planning permission granted under 18/00865/FUL for 4 conversions).

SERVICES
For the existing farmhouse only, mains water is supplied by a private pipe, mains electricity is connected, and domestic foul drainage is via a private system.

FIXTURES and FITTINGS
All fixtures and fittings are excluded from the sale unless specifically referred to in these particulars.

SPORTING RIGHTS and MINERALS
These are included in the sale so far as they are owned, subject to statutory exclusions.

WAYLEAVES, EASEMENTS and RIGHTS OF WAY
The property is sold subject to and with the help and benefit of all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements, and all wayleaves whether referred to or not in these particulars.

A right of way exists benefitting the adjoining bungalow along the entrance from Cossall Road into the development site (for approximately 50m). This right of way is for the purposes of travelling to and from the property either by vehicle or foot. There is also a designated parking area for the bungalow. More details on the right of way are available from the selling agent.

The Vendor will reserve a right of way through the site, for all purposes at all times to gain entry to their retained land. Approximate access points are marked A and B on the plan at the rear of these particulars.

OUTGOINGS
The existing farmhouse is in Council Tax Band F and £3,144.99 is payable to Broxtowe Borough Council for the 2021/22 year.

LOCAL AUTHORITY
Broxtowe Borough Council, Town Hall, Foster Avenue, Beeston, Nottinghamshire, NG9 1AB.

VALUE ADDED TAX
Should any sale become a chargeable supply for the purpose of VAT, such tax shall be payable by the Buyer in addition to the contract price.

PLANS, AREAS and SCHEDULES
These have been prepared as carefully as possible and are based on the Ordnance Survey National Grid 1:1,250 and 1:250,000 scale plans. The plans are published for illustrative purposes only and although they are believed to be correct, their accuracy is not guaranteed.

DISPUTES
Should any dispute arise as to the boundaries or any point arising in these particulars, schedule, plan, or interpretation of any of them the question shall be referred to the arbitration of the selling agent, whose decision acting as expert shall be final. The Buyer shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor's agents will be responsible for defining the boundaries or the ownership thereof.

VIEWING
Viewings are by prior appointments only with the selling agent. It is intended that open viewing days will be undertaken, please contact the selling agents for further details.

HEALTH and SAFETY
The property is a development site with redundant buildings and therefore viewers should be careful and vigilant whilst on the holding. Neither the Vendor or the selling agent are responsible for the safety of those viewing the property and accordingly those viewing the property do so at their own risk.

ANTI MONEY LAUNDERING LEGISLATION
In accordance with the most recent Anti Money Laundering Legislation, buyers will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

SELLING AGENTS
James Walton | james.walton(at)brown-co.com | 07920 (mob) 496350
Anita Riggall | anita.riggall(at)brown-co.com | 07966 (mob) 597930

( Agency Pilot Software Ref: 431350 )

Location

marker
Location: Residential Development Opportunity, Cossall Road, Trowell, Nottingham, Nottinghamshire

Langley Mill (3.8 miles)

Bulwell (4.1 miles)

Beeston (4.7 miles)

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