GREEN END GAMLINGAY BEDS SG19 3LA AN EXCITING OPPORTUNITY TO ACQUIRE A VALUABLE RESIDENTIAL DEVELOPMENT SITE WITH OUTLINE PLANNING PERMISSION FOR 90 DWELLINGS Site area approximately 2.97 Hectares (7.33 Acres) The Opportunity The site is situated in the popular village of Gamlingay and has recently obtained outline planning permission Ref: S/2068/15/0L for the demolition of existing industrial, office units and five dwellings, and the erection of up to ninety new dwellings, together with associated public open space, landscaping, garaging, parking, access, highway, drainage and infrastructure works. The site will be vacant by 31 January 2017. The site is being offered for sale by informal tender. Offers for the freehold interest on an unconditional basis subject to the terms in this document. Location A1 (Sandy) 6 miles, Bedford 13 miles, Sandy Railway station 5 miles, (Kings Cross 46 minutes). M11 Junction 12, 17 minutes. London Luton Airport 27 minutes. Gamlingay is located 17 miles to the west of Cambridge, on the border of South Cambridgeshire with Bedfordshire. The village lies on the B1040 which runs from Biggleswade to St Ives. The Over Willingham Fenstanton market towns of Sandy, St Neots and Biggleswade are each about 7 miles distance. Swavesey Cottenham The village is steeped in history dating back to 1290. It has a post office, Co-op store, baker, newsagent, butcher, chemist, garage. A10 A1 Oakington Elsworth Histon Papworth The village now benefits from the award winning Eco-hub a multifunctional community building A14 A10 Yelling Everard designed to meet the needs of the whole community and one of the most energy efficient Girton St Neots A14 community buildings in the country. The Eco-hub is home to Gamlingay Parish Council, community A428 A428 A428 Cambourne library, children’s centre, youth clubs and nursery. Colmworth Eaton Socon A428 Hardwick Wyboston Cambridge A11 Gamlingay has two pre-schools, a primary school, Gamlingay First School and Middle School and Abbotsley Great Bourn Gamlingay Village College. Wilden Comberton Gransden Grantchester Fulbourn Ravensden A421 Waresley A1 Planning Salph End Great Barford Gamlingay A10 Planning permission is granted under Ref: S/2068/15/0L for the erection of 90 dwellings following Haslingfield the demolition of the redundant commercial buildings and structures. Harston Bedford Cockayne Arrington Orwell M11 Moggerhanger Sandy Hatley Babraham A6 Potton Sawston Copies of the decision notice, Section 106 Agreement and all the documents and reports relating A1 A505 Wrestlingworth Shepreth to the planning consent are available on our website. Wendy Whittlesford Upper Meldreth Caldecote Duxford The site extends to a total of approximately 2.97 hectares (7.33 acres) and has full rights of way for Biggleswade Dunton Melbourn access and service purposes over Green End and a secondary access on to Cinques Road. Old Warden Guilden A6 Morden Bassingbourn A505 Litlington Great A1 Chesterford Key Points A505 • Five existing dwellings to be demolished (four on Green End and one on Cinques Road). A6 Hinxworth Royston Shefford Ashwell Heydon Clifton Elmdon Henlow Great Chishill • Bollards are proposed across the main spine road, to prevent through access between Green A1 Odsey Therfield End and Cinques Road. Emergency access will be allowed. Meppershall Arlesey Stotfold A10 M11 A505 Barkway • Vehicular access is proposed off Cinques Road for 25 dwellings only. Shellington Nuthampstead Baldock Arkesden Letchworth • 1,370 sq m of open space is proposed on site including LEAP. Garden City A505 GREEN END GAMLINGAY • The public footpath will be maintained and its route will be discussed and agreed at the reserve matters stage. • 56 market houses proposed (a total of 51 dwellings net), and 34 affordable homes, comprising a mix of houses and flats providing 1 – 5 bed dwellings. THE SITE (EDGED RED) • The open space and ponds will also perform a drainage function. • Eight 1 bed flats (market housing) are proposed within one 3 storey block. • Affordable flats are proposed within one 2 storey block (5 flats), and two 3 storey blocks (16 flats). The two bed affordable housing flats will be located on the uppermost level of the blocks (6 flats). Section 106 Agreement Please note that the purchaser will be responsible for all Section 106 Agreement obligations. The purchaser is advised to make full allowance for these obligations within their offer. Any savings made to this amount will then be passed back to the vendor. The Section 106 Agreement requires HOUSING KEY that 40% of the dwellings shall be of affordable tenure. If any reduction of the percentage of affordable housing is achieved, the vendor requires a ‘claw back’ on a per unit basis to reflect the MARKET HOUSES & FLATS - 56 rise in land value. 1 BED - 8 FLATS Should any savings be made to the Section 106 obligations, the vendor requires a 50% ‘claw back’ 2 BEDS - 9 HOUSES share to be payable. 3 BEDS - 20 HOUSES 4 BEDS - 14 HOUSES Retained Land 5 BEDS - 5 HOUSES The vendor requires that a full right of access is retained to the commercial land from the access road. Further discussion on the retained rights of way through the property will be undertaken with AFFORDABLE HOUSES & FLATS - 34 the selected purchaser. 1 BED - 15 FLATS 2 BEDS - 6 HOUSES / 6 FLATS Overage 3 BEDS - 6 HOUSES The vendor requires an overage provision to be included as part of all offers. This is to be submitted 4 BEDS - 1 HOUSE on the following basis as part of the offer: • A share of the increase in the net sales revenue over and above a deemed trigger level on a pound per square foot basis. • The vendor will seek to place restrictions on the sale of the last few private units to be built (exact number to be agreed with the preferred purchaser). This will act as security for payment of any overage due. However, other forms of security acceptable to the vendor may also be considered. MASTER PLAN GREEN END GAMLINGAY Tenure The freehold interest will be available with vacant possession on completion. Information Pack A substantial amount of information will be available on our website www/rah.co.uk Bids Redmayne Arnold & Harris are instructed to place the site on the market with a view to selling the entire site for the best consideration on an unconditional basis. Viewing The site is currently open but care needs to be taken. Sole Agents Further information 01223 323130 Should you require further information please contact either Nick Harris [email protected] or Anne Jopson/Fran Minnaar at www.rah.co.uk [email protected], tel: 01223 819306. Dukes Court, 54-64 Newmarket Road, Cambridge, Cambs CB5 8DZ Sat Nav reference SG19 3LA Viewing by appointment only. October 2016.