For Sale

Development Opportunity, Wood End, Atherstone

Guide price

£1,700,000

Description

Why this land is Chosen...
This is an exciting opportunity to acquire a parcel of land extending to approximately 8 acres including a four bedroom detached house, two self contained studio apartments, stables, paddocks, manege and associated car parking. Potential for further development opportunity has been identified through SHLAA by North Warwickshire Borough Council.

* Circa 8 acres
* Mentioned in North Warwickshire Bourough Council SHLAA report
* Potential for 54 - 100 dwellings (STPP)
* Easy access to M42 & M6 Toll
* Option agreements considered on an individual basis
* Opportunity to retain existing property along with stables & riding school

Forest Edge, Wood End
This is an exciting opportunity to acquire a parcel of land extending to approximately 9 acres (not measured) including a four bedroom detached house, two self contained studio apartments, stables, paddocks, manege and associated car parking. There is also planning permission granted for the construction of a substantial cattery building. The highway access extends to approx 155 meters and consists of 2 large commercial access points and one residential/commercial access point.

Potential for further development opportunity has been identified through SHLAA (Strategic Housing Land Availability Assessment) by North Warwickshire Borough Council (PBA site reference PB188 NW reference SLA13) for 54 dwellings although we believe the site has potential to deliver closer to 100 dwellings. There is also the potential for further development on the existing residential and commercial buildings (STPP).
Existing and planning approved commercial area equates to approx. 6,194 sqm (66,671 sqft) including equestrian buildings, cattery, access roads and car parks.
Existing residential building is approx. 233 sqm (2,508 sqft) including garaging. Total residential area equates to approx. 1,320 sqm (14,208 sqft) including garden & driveway.

* PLEASE NOTE - Our client reserves the right to add an overage clause for any future development.

Location
Wood End lies approximately 5 miles south east of Tamworth in the borough of North Warwickshire. Junction 10 of the M42 is approximately 1.5 miles away while there is also easy access to the M6 toll. The village is serviced by a number of bus routes and has a convenience store and a primary school. Not affected by HS2.

Planning
Potential development was identified through SHLAA (Strategic Housing Land Availability Assessment) by North Warwickshire Borough Council (PBA site reference PB188 NW reference SLA13) for 54 dwellings although we believe the site has potential to deliver closer to 100 dwellings. There is also the potential for further development on the existing residential and commercial buildings (STPP). All interested parties must undertake their own due diligence and satisfy themselves of any potential for development prior to submitting an offer.

Purchaser Fee
This property is subject to a buyers fee of 2% plus VAT of the selling price which is payable by the purchaser on completion of the sale and is to be a condition of sale in the contract. It is for the sellers lawyers to collect this fee with the purchase price on completion. The estate agents costs must be sent by telegraphic transfer to the sellers solicitors prior to keys being released. Need to sell? Sell your home for free with Chosen.

Tenure Freehold
We understand that this property is Freehold however prospective buyers should check this with their conveyancers.

Council Tax Band E
We understand that this property falls under council tax band E but recommend that any prospective buyer check online to satisfy themselves.

Services/Drainage
We are advised that all mains services are available together with drainage. Prospective purchasers should make their own enquiries in respect to availability of drainage, services and cost of connections.

Location

Floorplan