ON BEHALF OF TESCO STORES LTD UPPER STAITHE ROAD/A149 , NR12 9AX

FOR SALE FREEHOLD

DEVELOPMENT OPPORTUNITY Approximately 0.81 ha (2 acres)

Location: Stalham is situated close to the North Sea Coast, on the edge of the Broads, approximately 15 miles north east of , and mid- point between , to the south east, and to the north east on the busy A149 road. With a resident population of c 4,000, many tourists stay locally over the summer months attracted by the nearby coast and inland waterways. There is limited local employment, other than tourist and service industry activities. Most working residents commute locally to Norwich or Great Yarmouth. There is a sizeable retirement age population.

There is small range of independent and national retailers, pubs and small hotels located on and near the High Street and the town has experienced recent new housing growth on the eastern outskirts.

Description: The property comprises a former abattoir building of circa 17,000 sq.ft G.I.A, an adjacent 2 bed bungalow, and an extensive yard area situated on an overall triangular shaped and gently sloping parcel of approx. 0.81 hectares (2 acres). It is located prominently between the A149 main road, Upper Staithe Road and Old Market Road. A Tesco supermarket is situated opposite and the High Street lies 300ms to the north east.

Access is presently taken from 2 points on Upper Staithe Road, although there previously existed a left in only access off the A149. Alternatives are considered achievable, subject to satisfying the County Council.

There is extensive verge side trees and shrubs along the main road frontage, and any redevelopment scheme may need to retain/integrate some of the existing landscaping and supplement, as necessary. Beyond the road to the west is open countryside and allotments. Residential properties border the site to the east. The Abattoir buildings have been vacant for some years, and while secure, are in a poor state of repair. The site is generally overgrown.

Rates: The main abattoir building and yard has an RV of £40,000. The present uniform business rate is 49.3p in the £, giving a current annual liability of £19,720.00. The bungalow is separately rated within Council tax band B.

EPCs: The EPC’s for The Bungalow and the Abattoir are available upon request.

Site Area: The total site area is approximately 0.81 hectares (2 acres).

Tenure/Title The property will be sold freehold with vacant possession. Information: The bungalow is presently let on a flexible AST, generating £550 per month. The tenant has been given notice of the intended sale and speedy vacant possession can be secured, if required, or the existing arrangement can be left in situ.

Planning/Highways This brownfield Site is located within the settlement boundary close to the town centre, and is not situated in or adjacent to a Conservation

Area and does not contain any Listed Buildings or trees subject of TPO’s.

Although zoned for employment related uses within the adopted Local Plan, District Council acknowledge the viability issues associated with employment use redevelopment.

They are therefore sympathetic to a range of other uses being pursued on the site including residential (sheltered/assisted living, care homes, private and affordable), roadside (hotel, pub, restaurant and services) and retail (provided of an appropriate scale and offering choice), subject to detail and design. A joint Council/vendor planning guidance statement is available upon request.

NNDC have an adopted policy seeking all sites of 10 dwellings plus to contain 45% affordable without the need for viability assessment, however this requirement has been suspended and replaced with an early delivery incentive based scheme requiring a lesser 20% (provided application is considered and approved before 31/12/2016, and implemented within 18 months). This percentage may be subject to further debate (and reduction) in view of the site’s brownfield status and the abnormal redevelopment costs but will require a supporting viability assessment. The Council are seeking residential site built densities of circa 16 units per acre +, but have granted consents nearby on the basis of 12 units per acre.

You are recommended to make your own independent inquiries of the Local Planning Authority, North Norfolk District Council (Sarah Hinchcliffe).

Services: We understand that water and electricity has been available to the property but was disconnected when the abattoir premises were vacated. We gather that all the mains services are available in the nearby public highways. You are advised to make your own independent inquiries concerning availability, capacity levels and connection costs.

Ground Surveys: A site topographical and ground survey are available in the information pack (available upon request).

Costs: Each party shall be responsible for all their own legal and surveyors costs arising from the proposed transaction.

Offers: The vendor is seeking to sell the freehold interest in the whole of the site. Offers are invited on one or more of the following bases:

 Unconditional subject only to contract  Conditional upon securing planning permission for a specified form of development.  Please state clearly what level of corporate support (including board approval) any offer has.

Additional Information: A summary report on title, a planning guidance note, copies of topographical, ground conditions and services reports are available on request.

Viewing: The property can be viewed from the boundaries. Full access to the buildings can be arranged, subject to prior approval through ourselves.

Contact Details: To discuss this opportunity in more detail please contact David Coleby of Mark Liell on: T: 01279-648420 M: 07860 703378 E: [email protected]

Details prepared by Mark Liell 19th May 2016

MARK LIELL LLP DISCLAIMER

Note: These particulars are for guidance only and are not necessarily comprehensive. Purchasers should satisfy themselves on all matters prior to purchase by inspection or otherwise. In the interests of Health and Safety, parties should take due care when inspecting the property and enter the site at their own risk.

Mark Liell & Son LLP for themselves and for the vendors of this property whose agents they are given notice that:-

1. The particulars as set out are a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract;

2. All descriptions, dimensions, reference to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers should not rely upon them as statements or representations of fact and must satisfy themselves or otherwise as to the correctness of each of them.

3. No person in the employment of Mark Liell has any authority to make or give any representation or warranty whatever in relation to this property;

4. Unless otherwise stated all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

5. The reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers must satisfy themselves as to the fitness of such items for their requirements.

6. The vendor is not obliged to accept the highest or any other offer received for the property.

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