LAND PARCELS to the NORTH of BATH ROAD Speen, Newbury, Berkshire, RG20 8AA

DE74

Indicative sales boundary only

LAND PARCELS TO THE NORTH OF BATH ROAD Speen, Newbury, Berkshire, RG20 8AA

Significant Residential Development Opportunity with Planning Permission for 118 units Land to the South of the Bath Road, Speen, Newbury, Berkshire, RG20 8AA 2

EXECUTIVE SUMMARY • Significant Residential Development Opportunity in Speen, Newbury, Berkshire;

• The site benefits from planning consent for 118 units across two land parcels, granted in March 2020; Parcel A benefits from an outline planning permission for 14 units (ref. 17/02093/OUTMAJ); Parcel B benefits from an outline planning permission for 93 units and detailed consent for 11 units under a hybrid application (ref. 17/02092/ OUTMAJ);

• Requirement for 40% affordable housing across the two planning permissions;

• Shared section 106 obligations across the two planning permissions;

• Total site area extending to circa LOCATION 8.32 ha (20.56 acres); The property is located on the north western corner of Speen, with Newbury railway station offers half hourly direct services to Newbury town centre approximately 2.4km (1.5 miles) to the south Reading and London Paddington in 16 minutes and 42 minutes • Unconditional offers for Parcel A east. Please note the approximate distances from the following respectively, as well as further services to the west notable settlements and transport networks: of England. and / or Parcel B are invited by Speen has a population of 2,635 (UK Census Data 2011) noon on Wednesday 17th February LOCATION KM MILES and offers a number of local amenities including a Waitrose 2021. Reading 32.4 km 20.1 miles supermarket, Shell petrol station, Robert Sandilands Primary Oxford 44.8 km 27.9 miles School, Speenhamland Primary School, and a number of public A34 1 km 0.6 miles houses such as The Hare & Hounds and the Starting Gate. The Woodspeen, a Michelin star restaurant, is situated approximately M4, Junction 13 6.7 km 4.1 miles 400m to the north west of the site. Newbury Railway Station 3.5km 2.2 miles Further amenities can be found in Newbury town centre including the Parkway Shopping Centre, Aldi and Tesco supermarkets, and Vue Cinema. Land to the South of the Bath Road, Speen, Newbury, Berkshire, RG20 8AA 3

East towards Reading and the M4 Newbury Town Centre

PARCEL A A4 Bath Road PARCEL B

A34 towards M4 Junction 13 A34

North Wessex Downs AONB

View looking south east towards Newbury town centre. Indicative boundary only Land to the South of the Bath Road, Speen, Newbury, Berkshire, RG20 8AA 4

SITE DESCRIPTION The total site area extends to approximately 8.32ha (20.56 acres) and comprises managed agricultural arable land split over two parcels. Parcel A, the northernmost parcel, measures 0.69 ha (1.71 acres) with the existing access being taken from Lambourn Road in the north of the site. Parcel B measures approximately 7.63ha (18.85 acres), with the existing access being taken from the A4 Bath Road to the south. The sites are bound to the west by an existing treeline and PARCEL A A beyond this, the A34; to the south by existing residential development that fronts the A4 Bath Road; to the east by allotment land and existing residential development; and to the north by Lambourn Road, with Donnington Golf Club further north. PLANNING BACKGROUND The property benefits from the following planning permissions which were both granted in March 2020: • Parcel A: Land to the south of Lambourn Road Outline planning permission for the erection of PARCELPARCEL BB 14 residential units, with all matters reserved except for access (ref. 17/02093/OUTMAJ); • Parcel B: Land to the north of Bath Road Hybrid planning application comprising part outline planning permission for the erection of 93 residential units (all matters reserved), and part detailed planning permission for the erection of 11 residential units, and the change of use of the existing agricultural land to public open space (ref. 17/02092/ OUTMAJ). Across the two permissions, 40% of the 118 units are to be provided as affordable housing as per the section 106 agreement. Each planning permission has its own section 106 agreement with shared requirements as outlined below: • Local Bus Service Contribution = £46,200; • Public Right of Way Contribution = £100,000; • Provision of approximately 2.6 ha (6.42 acres) of Public Open Space; • Construction of the emergency access (included within the sales area) next to the allotments to the south east of the site. It should also be noted that West Berkshire Council have adopted the Community Infrastructure Levy (CIL). Proposed Masterplan Land to the South of the Bath Road, Speen, Newbury, Berkshire, RG20 8AA 5

SERVICES Details of the services connections are available within the online information pack. Interested parties are advised to make their own enquiries of the supply companies with respect to their specific requirements in relation to service connection and capacity.

METHOD OF SALE Unconditional offers are invited from interested parties by noon on Wednesday 17th February 2021. Please note that the Vendors will not be obligated to accept the highest or any other offer. In order that we are able to accurately appraise all offers on a like for like basis, please provide the following information in support of your bid:

• Confirmation of which parcels your offer includes; • Details of any further information required or investigations to be carried out prior to exchange, including anticipated timescales for carrying out proposed works; • Specify any proposed uplift or overage provision contained within your offer; • Specify any assumptions made in relation to anticipated abnormal development costs; • Provide details of how you propose to fund the purchase as well as confirmation that your bid has received full Board approval, or equivalent, and if not, the process, and anticipated timescales required to obtain such approval;

• Specify your proposed exchange deposit and confirm that View looking west across the subject site. Indicative boundary only. this will be non-refundable; • Provide any other information that you feel should be taken into consideration in the assessment of your bid; LEGAL INFORMATION PACK for example, recent experience of delivering schemes of this nature in the vicinity or in dealing with West Berkshire The land is owned freehold by our client and will be sold An online information pack is available upon request and Council. with vacant possession. contains planning, legal, and technical information. Interested parties are expected to have read through and considered Upon offers being received, we expect to undertake the information prior to submitting their offer. developer interviews prior to selecting a preferred party. VAT Please note that a draft set of Heads of Terms are included within the Information Pack and should be considered when VAT is applicable to the sale of the site. preparing your proposal. Land to the South of the Bath Road, Speen, Newbury, Berkshire, RG20 8AA 6

Belmont House

Belmont View

91.3m VIEWINGS LOCAL Viewings will be undertaken by AUTHORITY block viewings, which are to take LAMBOURN

ROAD place on the following dates: 32 West Berkshire Council Council Offices Wednesday 20th January; Market Street Wednesday 27th January; Newbury RG14 5LD Wednesday 3rd February; 27 Wednesday 10th February. 01635 551111 26 [email protected]

Dismantled Dismantled www.westberks.gov.uk 92.5m RailwayRailway Viewings will be allocated on a 24

21 first come first served basis. Please 22 contact Sam Oliver directly to book in a 30 minute slot. 16a 16 CONTACT

14 For further information please 5 LAMBOURN contact: ROAD

9 4 Ed Keeling

8 Director [email protected]

THE SYDINGS +44 (0) 118 952 0507

3 +44 (0) 7807 999 070 91.7m Issues G P Play Area

1 Sam Oliver Surveyor [email protected] Pavilion Cromwell Terrace +44 (0) 118 952 0522 5 1

El Sub Sta +44 (0) 7870 183 425 Marlyns 2 Allotment Gardens 1

Milford House Woodbine Recreation Ground Cottage

Cromwell House Mallee 94.2m

Lime Paddock 1 El Sub Sta

3 2 Cottage Bath ROAD

Essex WINTERTON Place Paddock End STATION IMPORTANT NOTICE Reservoirs 1 Sun Hill Leighton Lodge (covered) 4 1 DRIVE 1 2 2 Hillside Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Cottages Hill Cottage Castle View Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for Rectory Farm Cottages G 103.0m P Tree Top 107.1m Littlecroft the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Endcott

19 War Memorial Ringcroft Savills, their clients and any joint agents give notice that: LB Alma Lodge Westcott Byeways MANO

R 1. They are not authorised to make or give any representations or warranties in relation to

Manor PLACE Cavern Lodge 4 Greystones House House Speen the property either here or elsewhere, either on their own behalf or on behalf of their client Cottage 6 Alma Foley or otherwise. They assume no responsibility for any statement that may be made in these Pond Bow Cottage 99.6m 86 BATH ROAD Rectory Gateway Cottage Hall SPEEN particulars. These particulars do not form part of any offer or contract and must not be relied Dene G P 87 21 23 to 26 LANE upon as statements or representations of fact. Craven 3 Cottage The Hare Indicative redline sales area (not to scale) Harvest House and Hounds (PH) 21 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | November 2020