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Two Freehold Brownfield Development Opportunities for Sale

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Two Freehold Brownfield Development Opportunities for Sale TWO FREEHOLD BROWNFIELD DEVELOPMENT OPPORTUNITIES FOR SALE SUBJECT TO CONTRACT On behalf of Barnfield College New Bedford Road Campus & Enterprise Way Campus Luton, Bedfordshire EXECUTIVENew SUMMARY Bedford Road, Luton 4 5 4 3 1 6 0 6 8 2 8 2 6 7 - Freehold sites well located close to Luton Town Centre totaling 40.7acres (17 ha) 4 57 6 4 7 KIDNER 55 6 2 S 1 H 3 E 3 R 5 2 4 B 4 O 3 4 4 R 8 1 3 2 1 2 N 2 9 4 ESS - Both Lots are well located withinE an established residential location with good 2 A V E 1 N 4 2 4 U 7 4 5 E 31 3 1 proximity for local schools and amenities 4 M 6 a 3 s 3 t 2 (T UE e EN 3 le D AV 1 c 0 o EL 2 m NFI 5 m BAR 3 u 3 n Shelter 3 ic a 3 t 1 io n ) 11 - Pre Application meeting held for residentialShelter redevelopment of both Lot 1 & Lot 110.9m 1 4 3 3 6 8 2 delivering a combined total of 584 residential units. 4 1a Stopsley Shelter LB College House Common O L D B - Further information available in the dataroom; www.barnfield-luton.com ED y d B rd F a O W R D R O AD CR AREA B - Offers invited for each Lot by way of separate informal tender. Bushmead Primary School 3 7 4 110.9m TCB Bank 1 b 9 1 1 a 8 5 3 3 8 3 5 o a t El Sub Sta 7 a 7 e 5 e 3 8 3 ESS Barnfield 2 N E 1 W College B E D F O Shelter R D R 3 O 7 3 A D Pond 3 6 4 The School House R O 4 1 S S El Sub Sta L Y 1 N 3 El C R E Sub Sta S C E N T 3 6 3 Chimney Gas Gov 13 6 2 9 3 2 1 2 7 3 5 110.3m 4 2 6 3 5 3 1 4 5 3 2 3 3 2 63 The Willows O 3 4 8 L 3 8 D B E D F O LB R D 53 Barnfield Tots R O 9 A Academy 2 2 D 3 5 a 1 4 4 4 6 3 3 Und 3 4 4 43 FF AREAEl Sub Sta A E NU E 4 V 0 ck d A Tra 9 N 3 39 W 3 Higher Education O D 3 GS 4 ard Bdy Centre IN 2 W RH c K 9 3 3 3 8 b 9 3 3 31 3 a 3 1 9 Barnfield 115.8mCollege occupies two sites; the main Campus (New Bedford Road) 7 1 8 0 3 3 2 3 2 2 12 109.7m 9 3 3 1 S 0 RDEN 0 A 7 T G 2 S 4 HUR 3 D 3 located approximately 2 miles to the north of Luton Town Centre on New Bedford MI 1 9 2 0 Area : 35.430 acres (14.338 ha) 7 19 2 2 8 2 3 8 5 3 3 1 8 8 6 2 6 5 1 9 Road (35.6 acres / 14.04 ha) and a second smaller Campus (Enterprise Way) 11 9 1 2 3 5 2 3 1 3 3 2 3 0m 50m 100m33 150m 1 of 5.1 acres (2.06 ha) which is approximately a further 1.5 miles to the north 9 1 1 2 3 UE 0 M EN I AV D N H W 27 DO 7 U GS 1 FB IN 2 R K S 3 ENS 4 T D 6 GAR 2 MIDHURST 2 GA situated on Enterprise Way. Both campuses are offered as two separate Lots (Lot R DE GP NS Ordnance Survey © Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:3500 1 New Bedford Road & Lot 2 Enterprise Way) that can be purchased together or individual by separate tender. Pre Application Submitted for a combined total of 584 residential units, infrastructure and public amenity space. LOCATION Luton is a large town, and is located within the county of Bedfordshire, forming with its neighbours (Dunstable and Houghton Regis) the Luton/Dunstable Urban Area. The town is located approximately 18 miles of Aylesbury, 12 miles west of Stevenage, 30 miles north of London, and 25 miles southeast of Milton Keynes. The M1 motorway lies immediately to the west with easy access to the airport from junction 10 and the town centre from junction 11. N W E Luton is well served S to provide national and international travel. Luton Airport is located immediately to the south of the town providing frequent flights primarily to European destinations. Rail services from the town centre, Leagrave and Parkway stations provide access to London St Pancras with a 22-minute service, and to Gatwick and Brighton further south with the service to Bedford and on to Nottingham to the north. In addition, there are a number of bus stops within a short walk of the site providing approximately a 10minute journey time into Luton Town Centre. Map is indicative and not to scale. LUTON RESIDENTIAL MARKET OVERVIEW Credited as one of the country’s top five most affordable towns and one of the fastest growing areas for business and regenerative growth, Luton is a fantastic location for both first-time buyers and Buy-to-Let investors, with excellent train links from Luton station and Luton Airport Parkway, offering direct journeys To East Midlands of as quick as 24 minutes into central London’s St Pancras International. & South Yorkshire Bedford (14mins) Luton Luton Luton Airport & Parkway Luton Airport • Luton was the UK’s property hotspot last year, according to the St. Albans City UK’s largest mortgage lender (13mins) • Luton saw house prices rise 19.4% in 2016 (Halifax) St. Pancras International • Rents increased by 6.61% in (33mins) 2016 (Landbay) London Blackfriars • Luton has a £1.5 billion inward RIVER THAMES investment plan in place over the London Bridge next 20 years • 18,500 new jobs are being created which will lead to an increased demand for housing in an area with an already existing undersupply East Croydon • London Luton Airport is set for a £110 million redevelopment Thameslink route which is set to increase annual National Rail Gatwick capacity by 50%, from 12 to 18 (travel time from Luton Station) million by 2020 To Brighton LOT 1 - NEW BEDFORD ROAD CAMPUS Luton, Bedfordshire, LU2 7BF • Brownfield residential led redevelopment opportunity, subject to the necessary consents • Rectangular shaped site of 35.6 acres (14.04ha) • Freehold for sale • Excellent infrastructure links and public transport into London St Pancras • Good quality residential location with close proximity to local amenities and schools • Offers invited on an unconditional basis • Pre Application for 483 residential units, public amenity, sports facilities and associated infrastructure. LOCATION New Bedford Road Campus lies approximately 3km to the north of Luton town centre on the busy main A6 road running from Luton in the south to Bedford and onto the midlands to the north. The New Bedford Road Campus site forms a rectangular shaped site totaling circa. 35.6 acres (14.4ha) and is bounded by New Bedford Road to the west, Barnfield Avenue to the north, Old Bedford Road to the east and housing situated on Kingsdown Avenue to the south. The site is split clearly into two areas, Area A on the marked plan to the front of the site, fronting New Bedford Road is the main built area comprising the main College buildings and to the northern boundary the car parking accessed off Barnfield Avenue. Area B to the rear of the site is the main land area and comprises playing pitches albeit these are overgrown and not in regular use. The site is predominantly flat sloping from the rear of the site across the playing fields before flattening over the built area down to New Bedford Road. The site boundary is secured by chain link fencing, with mature landscaping fronting New Bedford Road. The surrounding area is predominantly residential in nature, reflecting its suburban location in Luton. Local amenities are provided in the form of a small parade of shops further along New Bedford Road and Icknield High School opposite. PLANNING The site is not allocated for a particular use, albeit part of the site is within a defined Flood Zone 2/3. This flood area affects the western part of the site and is a consequence of its proximity to the River Lea. The emerging Local Plan recognises a shortfall in housing supply terms, for which reason such uses are likely to be supported in principle. A brownfield site, the character of the surrounding area is predominantly residential and in this regard a residential scheme would be in keeping. The indicative scheme submitted for pre-application discussion demonstrates that the site could appropriately accommodate a residential proposal in design terms. The perceived loss of playing fields appears to have caused some concern amongst members of the public during consideration of the 2012 application. However, whilst there were once playing fields associated with the educational use of the site, the College has not used these playing fields for a considerable time. No fields are marked out for use in connection with any sporting activity. The land is privately owned and the playing fields were not historically available for public use.
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