PRIME RESIDENTIAL REDEVELOPMENT SITE for SALE Wells Hall / Upper Redlands Road / Reading / Berkshire RG1 5JF
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T: 01189 211521 www.haslams.co.uk PRIME RESIDENTIAL REDEVELOPMENT SITE FOR SALE Wells Hall / Upper Redlands Road / Reading / Berkshire RG1 5JF Outline planning permission for low density residential redevelopment to provide 34 new houses OVERVIEW Freehold Available with Vacant Possession 300 21 3 Bedroom Hall of Residence Studio Flats Staff Houses and Ancillary Accommodation Outline Planning Permission for Low Gross Site Area Approximately: Density Redevelopment to Provide: 28 6 2.12 (5.24) Executive Houses Affordable Houses Hectares (acres) LOCATION The property lies to the north of Upper Redlands W O O Road opposite its junction with New Road in a D C CAVERSHAM residential location within Reading’s highly sought O T E D R ROA after University Area in the county of Berkshire. O HENLEY AD Reading town centre and its multiple facilities lie approximately 1.5 miles to the north west. The ES AM TH A329(M) and Junction 11 of the M4 motorway lie R VE O RI approximately 1.3 miles to the north east and 3.0 XF OR miles to the south west respectively. D RO AD READING READING Reading Railway Station lies approximately 1.5 D S A E ING’ ROAD N RO K NDO N miles to the north west, providing a direct train O A L E A L S S service to London Paddington. O R ROYAL T H U E E C T D BERKSHIRE R N H R WOODLEY L HOSPITAL A A A PROSPECT PARK U V M N B E D E P H A RKE D The immediate vicinity provides a mix of two and RO LE T Y A C TH VE O S S A D B R N WH N ER REDLA ITE three storey houses and flats, the Royal Berkshire O UPP KN A IG ST ROAD H W REET D T S O Hospital, Reading School, St Joseph’s College and 3 R O K 3 N A D IN A O GHA the University of Reading. UNIVERSITY OF M R ROAD T READING H S H U D I A M N O R D B F S A I E E S O R L E R L D N A R E R E N K O D D O A L I T D A S W V G E N I 3 S 3 A A B OAD HARTLAND R M4 M4 11 WELLS HALL DESCRIPTION A copy of an Ordnance Survey extract plan (scale 1:1250) accompanying these particulars of sale shows the approximate boundaries of the site edged in red. The property comprises an irregular shaped site which slopes from south to north and currently contains a 300 bedroom hall of residence building, 21 no. studio flats, 3 no. staff houses an administration block, car parking and amenity space. The existing accommodation was constructed between 1969 and 1987 and has not been occupied for several years. There is an electricity substation located on the property at its south eastern corner. The property is bordered by Upper Redlands Road at its southern boundary, two storey semi-detached houses on its eastern boundary, two and three storey terraced houses on its northern boundary and a private detached house and Wantage Hall, a Grade II Listed University of Reading hall of residence, on its western boundary. The total site area is approximately 2.12 hectares (5.24 acres). THE SITE ROYAL BERKSHIRE HOSPITAL UNIVERSITY OF READING LONDON ROAD CAMPUS REDLANDS ROAD UPPER REDLANDS ROAD ORDNANCE SURVEY PLAN PLANNING & TENURE Planning Tenure The property has outline planning permission for The property will be sold freehold with full vacant “the demolition of all existing buildings, halls of possession given on completion, subject to a lease residence and associated buildings and the (which expired in 1988) to Scottish and Southern redevelopment of the site to provide 34 dwellings, Energy relating to the electricity substation. open space, landscaping, accesses to Upper Redlands Road and all associated works” which was granted on 22nd February 2013 (application reference: 12/01008/OUT). The above planning permission is subject to a Section 106 Legal Agreement dated 22nd February 2013 requiring financial contributions totalling £417,155 (index linked) payable to Reading Borough Council upon the occupation of the first new housing unit. These financial contributions are broken down as follows: Education contribution: £349,155 Leisure Facilities contribution: £68,000 The Section 106 Legal Agreement also requires 6 no. 3 bedroom affordable housing dwellings to be provided within the development in accordance with the following tenure split: 2 no. shared ownership dwellings. 4 no. social rent dwellings. In addition to the financial contributions and affordable housing provision requirements, a monitoring fee of £600 is payable to Reading Borough Council. The property lies adjacent to the Redlands Conservation Area and is subject to a Tree Preservation Order (No. 16/12). ACCOMMODATION SCHEDULE The illustrative masterplan (Drawing No. DR-411-106 Rev 02), which conforms to the approved parameters plan, accompanying these particulars of sale shows the following dwelling mix: Unit Type Sq.M Sq.Ft No. of Units Private Dwellings 3 Bed Semi 74.32 – 83.61 800 - 900 4 4 Bed Semi 120.77 – 153.89 1,300 - 1,650 8 5 Bed Detached 167.22 – 204.38 1,800 - 2,200 12 6 Bed Detached 232.26 – 278.71 2,500 - 3,000 4 28 Affordable Dwellings 3 Bed Semi 74.32 – 83.61 800 - 900 6 6 TOTAL 34 Services Mains electricity, gas, water and drainage services are available for connection to the property. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services. MASTERPLAN T: 01189 211521 www.haslams.co.uk METHOD OF SALE The property is offered for sale by way of informal, Special Conditions of Sale non-binding tender with the vendor reserving the right not to accept the highest or any offer and also Overage reserving the right to withdraw the property from sale or to vary the method of sale at any time In the event that within 10 years from completion, without notice. In the event that a number of the purchaser or successor(s) in title achieves competitive offers are received, the vendor planning permission for in excess of 34 new reserves the right to request ‘best and final’ offers dwellings on the site, overage equivalent to from selected parties. £150,000 per additional dwelling granted planning permission will be payable to the vendor within 14 All offers must be made subject to contract only weeks of such planning permission being granted. and net of S106 costs and other anticipated This overage provision will be secured by abnormal costs associated with the development of appropriate means required by the vendor the site. Any anticipated abnormal costs should be including a restrictive covenant and a restriction clearly quantified in the offer letters. on the register. Unconditional offers must be made in writing for a Fencing Covenant fixed sum. Exchange of contracts is to take place within four weeks of receipt of the draft sale The purchaser will be required to erect a 6’ high contract with a 10% deposit payable. close board fence along the property’s boundary between the points marked “A” and “B” on the Completion is to take place within four weeks of attached plan, within 28 days from completion. exchange of contracts with the full balance of the purchase price payable immediately upon Restriction on Permitted Use completion of the sale. The property will be sold with a restrictive covenant Written offers for the property are invited by 12 in favour of the vendor’s retained land. The Noon on Thursday 11th July 2013. covenant will state that the use of the property will be limited to no more than 34 residential dwellings All offers should be marked “Wells Hall, Upper (unless overage is paid on any additional dwellings) Redlands Road, Reading – Offer to Purchase” or for an institutional use acceptable to the vendor. and addressed to: Mr Chris Newman, Haslams Surveyors LLP, County House, 17 Friar Street, Reading, Berkshire, RG1 1DB. TECHNICAL INFORMATION & VIEWING A copy of the technical information pack can be All enquiries should be directed to the vendor’s sole agent: downloaded from Haslams Surveyors LLP’s website. Please visit www.haslams.co.uk. Haslams Surveyors LLP County House The information pack contains: 17 Friar Street Reading Berkshire RG1 1DB 1. Land Registry Freehold Title and Title Plans 20. Energy Strategy Telephone: 0118 921 1500 (Switchboard) 2. Planning Decision Notice 21. Heritage Assessment Fax: 0118 921 1501 3. Section 106 Legal Agreement 22. Historic Built Environment Appraisal Chris Newman 4. Application Form and Covering Letter 23. Street Lighting Proposals Telephone: 0118 921 1521 Email: [email protected] 5. Design and Access Statement 24. Utilities Infrastructure Assessment Andrew Fraser 6. Planning Statement 25. Waste Assessment and Strategy Telephone: 0118 921 1518 7. Air Quality Statement 26. Statement of Community Engagement Email: [email protected] 8. Archaeological Statement 27. Sustainability Statement John Short 9. Ecological Statement 28. Transport Statement Telephone: 0118 921 1531 Email: [email protected] 10. Existing Plans 29. Location Plans 11. Landscape and Visual Assessment 30. Proposed Elevation Plans Block viewings of the property will take place on the following days (appointments to view during these 12. Landscape Statement 31. Approved Planning Drawings times can be made via the vendor’s sole agent): 13. Site Location and Land Use Plans 32. Services Report 14. Flood Risk Assessment 33. Asbestos Register JUNE 2013 JUNE 2013 JUNE 2013 15.