Land for sale

Wood End, Atherstone, Warwickshire, CV9 2QQ

Guide Price

POA

SOLD

UNDER OFFER

Marketed by

Howkins & Harrison, Ashby
Old Cottage Hospital,
Leicester Road,
Ashby de la Zouch,
LE65 1DB
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  • Land comprising of 2 elements
  • Area A - 3 acres with outline planning permission for 34 houses
  • Area B - 35.3 acres of arable land
  • Attractive rural location

An attractive, well connected, edge of village site (with outline planning permission for 34 dwellings) together with a further 35.3 acres of arable land.

Location
The land at Islington Farm is situated to the edge of the Village of Wood End.

Travel convenience is at a premium with the M42 motorway and a main trunk road within 2 miles
.
The attractive rural location is enhanced by having the well serviced regional town of Tamworth within 6 miles and the City of Birmingham within 18 miles.

Local railway links are at Tamworth and Atherstone and Birmingham and East Midlands airports are within easy travelling distance.

Description
The land offered comprises of 2 elements, the first being an area of 3 acres (Area A) which benefits from outline planning consent for 34 houses as per planning application PAP/2020/0420 and adjoining is a further area of 35.3 acres (Area B) which has future potential subject to planning which is sold subject to an overage clause.

Area A includes a bungalow, a number of buildings and pastureland. Area B is an Arable field.

Technical Information
A copy of the planning decision and supporting documents is available within a dedicated data room. Please E-mail jane.hall@howkinsandharrison.co.uk to request a link.

Section 106 Agreement
A copy of the Section 106 dated 4th February 2021 is available within the Data Room and indicates the contributions that are requested as a result of the granting of outline planning permission.

Biodiversity Area or Impact Contribution
1.9 hectares of Area B is to be planted with a wildflower meadow and a hedgerow planted as part of a biodiversity off-setting scheme or an Impact Contribution is to be paid (this is detailed within the Section 106).

Affordable Housing
The Section 106 Agreement indicates that the affordable housing on the site will be 40% of the total number of dwellings erected and that the affordable mix will be 75% affordable rented units and 25% shall comprise of shared ownership units.

Basis of Sale
The property is offered for sale by private treaty as a whole (Area A and B).

Overage: Area B
This part of the property is sold with various historic overage clauses as follows:

Pink land (on the plan) 2014 Overage 15% for 30 years (until 2044).
Pink land (on the plan) – 2017 overage 15% for 25 years (until 2042)
Blue land (on the plan) – 2017 overage 30% for 30 years (until 2047)

Services
There are no services connected to the site.

Tenure
The site is sold freehold

Possession
The site is sold with vacant possession upon completion.

Legal Matters
Title details are available to view within the Data Room.
The Solicitor is as follow:

Louise Ingram
Shakespeare Martineau LLP
Two Colton Square
Leicester
LE1 1QH

VAT
The land is subject to VAT, number 283200039

Sporting, Mineral and Timber Rights
All sporting, mineral and timber rights are included in the sale of the land insofar as they are owned.

Local Authority
North Warwickshire Borough Council

Rights of Way, Easements and Wayleaves
A public foot path crosses the land.

A right of way runs through Area A for the benefit of Islington Farm.

Viewing
By prior arrangement with the Agents

Ian Large
Howkins & Harrison LLP
The Old Cottage Hospital
Leicester Road
Ashby de la Zouch
Leicestershire
LE65 1DB

Peter Bennett
Howkins and Harrison LLP
15 Market Street
Atherstone
Warwickshire
CV9 1ET

Anti-Money Laundering
Under the money laundering directive (S12017/692) we are required under due diligence as set up under HMRC to take full identification (e.g. photo ID and recent utility bill as proof of address). When a potential purchaser submits an offer for a property please be aware of this and have the information available.