University Gate CIRENCESTER
22 acres (8.9 ha) of prime commercial development land with outline permission INTRODUCTION
University Gate, Cirencester, offers a unique opportunity in the form of 22 acres of development land, with a prominent road frontage at the western entrance to Cirencester. This popular and expanding market town, with a population of approximately 20,000, is unofficially known as the ‘Capital of The Cotswolds’. Loveday, as agents to the Royal Agricultural University, are instructed to seek expressions of interest in this development land.
CHESTERTON MARKET PLACE A419 CIRENCESTER DEVELOPMENT LAND OFFICE PARK (2,350 NEW HOMES) CHURCH
CIRENCESTER
UNIVERSITY GATE
A429 TO TETBURY
A419 TO STROUD LOCATION
Cirencester is situated in the Cotswolds, an area of outstanding natural beauty in the South West of England. The town benefits Birmingham from direct access to the A417 / A419 dual carriageway which offers easy access to junction 11a of the M5 to the north west M1 and Junction 15 of the M4 motorway to the south east. M5 M40
Cheltenham Gloucester Luton A419 A417 Oxford Gloucester Cirencester M5 J11a Cardiff A417 Gloucester Rd Swindon M4 M4 Burford Road Chippenham Reading Bristol Bath M3 Salisbury Leisure Centre TOWN CENTRE St. James's Place The main conurbations of Cheltenham, Gloucester and Swindon Waitrose Swindon Road Swindon M4 J15 A419 are 18, 15 and 19 miles away respectively. Kemble Railway Stroud Road Station, which offers a direct rail link to London Paddington, is just 3 miles distant. University University Gate is situated at the western entrance to Cirencester, Gate at the junction of the busy A419 Stroud Road and A429 Tetbury Road. The site is less than 1 mile from Cirencester Market Place A419 which is easily accessible by foot, bicycle or car. A429 Swindon Road Tetbury Road Cirencester town centre has seen numerous improvements in the recent past including the Post Office / Blackjack Street redevelopment and the semi-pedestrianisation of the Market Place. The town benefits from a high number of specialist independent CLICK FOR retailers, hotels, bars and restaurants and is a popular tourist destination, attracting visitors globally.
University Gate CIRENCESTER THE SITE
University Gate comprises approximately 22 acres tu o b a d n u o R e h T (8.9 ha) of commercial development land on the
INNOVATION AND ENTERPRISE HUB TRENT LODGE edge of the Royal Agricultural University Campus.
The site is immediately adjacent to the proposed Chesterton Development Area, where outline
atS buS lE permission has been granted for the development of LB 2,350 homes, a school and community centre. This tSa buS lE is a major development which will see a significant phased expansion of the town on its western edge.
The majority of the site boundary benefits from Cirencester Office Park prominent road frontage to the A419 Stroud Road and A429 Tetbury Road; both of which are busy arterial roads providing access into Cirencester from STEADINGS the west. COTTAGES
REEV
ES
University Gate
RAU Campus
University Gate CIRENCESTER PLANNING
Planning Policy Position University Gate is covered by Policy EC4 of the Cotswold District Local Plan. The Local Plan was adopted in August 2018. Policy EC 4 allows development proposals for the expansion of the existing University campus, including associated development for educational, training, business and research development, student accommodation and other operational floorspace. Any emerging development proposals will need to be carefully masterplanned and have special regard to the Parkland setting of the main campus as well as ensuring that the sporting provision on the main University campus to the west is maintained and safeguarded against development.
PLANNING HISTORY University Gate currently benefits from an extant consent for the erection of commercial buildings for uses comprising education, research, agricultural business and conference facility with associated infrastructure works. The permission was originally granted in April 2007 but subsequently renewed (under ref: 10/00964/OUT) in May 2013. The development permitted 34,373m2 of new floorspace with an associated roundabout entrance on the A429 Tetbury Road. Reserved matters for the extant planning permission were submitted in May 2018 and are currently under consideration with the local planning authority. The principle of commercial and other uses on the site are therefore well established by the planning history on the site as well as the recently adopted planning policy.
University Gate CIRENCESTER THE OPPORTUNITY
University Gate offers a major commercial development opportunity to developers, investors and occupiers alike. The site is situated in a prime position at the entrance to Cirencester benefitting from main road frontage to the majority of the site boundary.
Cirencester is an attractive and affluent Market Town enjoying easy access to several major commercial centres including Cheltenham, Gloucester, Bath and Swindon. The cities of Birmingham and Bristol are also within easy reach. The town is situated with an Area of Outstanding Natural Beauty (AONB) and is a popular tourist destination, whilst retaining a vibrant and well balanced local economy and employment base.
Major employers within Cirencester include St. James’s Place Wealth Management, Money, Mitsubishi Motors and Corin Group. Notable retail operators in Cirencester include Waitrose, Fat Face, Joules and The AGA Shop. The town is also home to a host of specialist high quality retailers, several hotels and numerous bars, cafés and restaurants.
BASIS OF DISPOSAL Our client retains a flexible approach as to the means of disposal and is seeking expressions of interest from developers, investors and occupiers for part or all of the site. Consideration will be given to a development partnership or an outright sale on a conditional or unconditional basis.
University Gate CIRENCESTER LOCAL ECONOMY
LOCAL EMPLOYERS KEY ECONOMIC INFORMATION INCLUDE: • Cirencester has a dominant role in the Cotswold District’s economy • At c. 20,000 people the town houses a quarter of the District’s population WAITROSE • 30% of the District’s jobs based within the town (6) • Key location for business services, finance, retail and public services • Low unemployment rates MONEY • Service sector accounts for largest proportion of jobs in the District • Demand for employment land tends to be focused on Cirencester • District’s economy forecast to continue growing with tourism being a major and growing element of the economy
ST. JAMES’S (6) 6 ONS Census 2011 Office for National Statistics and Business Register and Employment Survey PLACE Office for National Statistics Data to 2013.
TRAVEL TIMES / DISTANCES RAIL (from Kemble Station) ROAD
CORIN London 1hr 22 mins 2 hrs 7 min Reading 44 mins 1 hr 11 mins
Swindon 15 mins 30 mins
Bath 1 hr 10 mins 1 hr MITSUBISHI MOTORS Bristol 1 hr 28 mins 1 hr 15 mins Gloucester 43 minutes 35 mins
University Gate CIRENCESTER CONTACTS & FURTHER INFORMATION
DATA ROOM INFORMATION The following information is available to download from the data room: • Title • Site information • Site levelled surveys • Planning and highways • Environmental Survey • Ground condition report • Servicing information
CONTACTS Further information is available via the sole agents Loveday. Please contact: Alastair Andrews • [email protected] University Gate Bradley Forbes • [email protected] CIRENCESTER
Important: Loveday for themselves and for the vendor/lessor of this property whose agents they are give notice that (i) these particulars do not constitute any part of an offer or contract (ii) all statements contained in these particulars are made without responsibility on the part of Loveday or the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact; (iii) any intending purchaser/lessee must satisfy themself by inspection or otherwise as to the correctness of each of the statements contained in these particulars; (iv) the vendor/lessor does not make or give and Loveday nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property; (v) all rentals and prices are exclusive of VAT.
Brochure compiled September 2018. Designed and produced by Obelisk Design Ltd. 01793 861400.