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Residential Development Opportunity Vendor : Thames Water

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Residential Development Opportunity Vendor : Thames Water 6th February 2017 George Newcombe MRICS Hawker House 5-6 Napier Court Reading RG1 8BW 0118 952 0513 [email protected] Dear Sir / Madam, Residential Development Opportunity Vendor : Thames Water Site at Queen Mother Reservoir, Horton Road, Colnbrook Savills (UK) Ltd have been instructed to seek proposals for the above potential development opportunity, which benefits from a draft Local Plan allocation. Offers for the freehold are sought on an unconditional basis, and we outline below the details of the opportunity. An online information pack containing technical, legal and planning details is available on request. Please note some of this information will follow during the marketing period. Location Colnbrook is a small village within Slough unitary authority, situated approximately 4.7km (2.9 miles) south east of central Slough and 26km (16 miles) west of west London. Junction 5 of the M4 and Junction 14 of the M25 are within 1 mile north west and south east respectively. Please also note the following approximate distances to other significant settlements or infrastructure routes: 6km (3.7 miles) west of Heathrow Airport 34km (21 miles) southeast of High Wycombe 37km (23 miles) east of Reading Sunnymeads railway station, located approximately 4.1km (2.5 miles) to the south west, offers services direct to London Waterloo, and Windsor to the west. Langley Railway Station, located approximately 4.1km (2.5 miles) to the north, provides direct services to London Paddington, Reading, the North and the West. Bus stops on Colbrook High Street and Horton Road provide services to Slough, Windsor and Heathrow Airport. Colnbrook offers a number of local amenities including pharmacy, surgery, school, and public house. The Site The site measures approximately 4ha in total and is located adjacent to the Queen Mother Reservoir in the north- eastern corner. The land is currently managed grassland, and is occasionally used as an overflow car park for Datchet Sailing Club. The site is accessed via Horton Road to the south of the site. Residential areas lie to the north, east and south east of the site. The plan below shows the indicative sales boundary outlined in Red. Please note that rights will be granted over the access way into the site, along with an obligation to improve the entrance up to adoptable standards. Offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. Savills (L&P) Limited. Chartered Surveyors. Regulated by RICS. A subsidiary of Savills plc. Registered in England No. 2605138. Registered office: 20 Grosvenor Hill, London W1K 3HQ a ****SITE PLAN************* Page 2 a Planning The site benefits from a draft allocation for approximately 100 residential units in The Royal Borough of Windsor and Maidenhead Draft Local Plan that was released in December 2016 (site HA44) and is part of a large strategic allocation throughout the borough. An indicative Masterplan created by Savills planning has been drafted for illustrative purposes below. Please note that the Masterplan is indicative only, covers part of the site that will not be included in the sale (the entrance way and a strip along the western edge), and therefore the plan will need to be adjusted to suit individual proposals and to reflect the indicative sales boundary above. Page 3 a Method of Sale Unconditional offers are invited from interested parties by close of play on 28th February 2017. Completion of Contracts must occur by 28th March 2017. Please note that the vendor will not be obliged to accept the highest or any other offer and offer acceptance will be subject to the Vendor’s board approval. Please note that proposals submitted should include the following information: The level of unconditional offer and confirm that no deductions will be applied Specify any proposed uplift or overage provisions Specify any assumptions made in relation to anticipated abnormal development costs Specify anticipated affordable housing receipts allowed for, and confirm whether these are based on a firm offer from a Registered Provider Confirmation that completion of contracts will occur on or before 30th March Specify the proposed exchange deposit and confirm that this will be non-refundable, or alternatively whether you would be prepared to have a simultaneous exchange and completion Provide details of your funding arrangement and confirmation that offers have full board approval where required Provide any other information to be taken into consideration, for example recent experience of comparable or local schemes, or experience dealing with Royal Borough of Windsor and Maidenhead or the Vendor - Thames Water. Viewings and Further Information Viewings are strictly accompanied and by appointment only, and PPE (Safety boots ands hi-vis jackets) must be worn at all times on site. Please contact us to arrange a suitable time. An online information pack is available on request, which will contain the following information: Site photographs Topographical Survey Stage II Geo-environmental Report Title Official Copies Planning Statement Local Plan Extract Environmental Agency Flood Map Web Extract Legal Upon completion the Purchaser will be required to lease the entire site back to the Vendor for a period of 6 months to enable access and security works to be completed. During this time the Purchaser will have full access to the site, subject to Health and Safety provisions, in order to carry out inspections, surveys etc. Part of the site is currently subject to a Lease to Datchet Sailing Club, and accommodates a small boat repair shed and boat storage area. These will be removed by the Vendor and the Lease varied during the 6 month lease back period. We are not aware of any other leases, rights of way or other legal constraints on the site. Page 4 a Important Notice Savills and their client give notice that: 1) They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 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. We trust that this opportunity is of interest to you. Please contact us to discuss further as required. Yours faithfully, George Newcombe MRICS Sam Oliver Surveyor Graduate Surveyor [email protected] [email protected] 0118 952 0513 0118 952 0522 Page 5 .
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