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Residential Development Portfolio (As a Whole Or in Part)

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Residential Development Portfolio (As a Whole Or in Part) Residential Development Portfolio (as a whole or in part) For sale Seven great residential development opportunities... development finance available * A varied 1. 19 three and four bed dwellings 5. 29 two and three bed dwellings Scunthorpe Grimsby choice of Doncaster residential 3. Land acquired for development 4. 28 two and three bed dwellings development Lincoln 6. Mix of new and refurb properties Skegness sites Newark 2. Mix of 20 residential properties Nottingham King’s Lynn Leicester Peterborough 7. 12 one and two bed apartments Northampton Cambridge Full No Finance S38 Building Planning affordable available Agreements regulations consent housing through approval content Kier 1 Waterside Road Barton on Humber 2 Anchor Fields Ingoldmells 3 Linwood Chase Market Rasen IN PART 4 Skegness Road Chapel St Leonards 5 Lancaster Drive South Killinghome LAPSED 6 Saxonwood Bardney 7 Kings Lane St Neots The sites in Market Rasen and South Killinghome offer complete flexibility and are capable of being developed subject to planning consent. * Terms and conditions apply Kier Homes are offering a number of residential development sites of varying sizes for sale, in most cases with full, current detailed planning What’s consents, mainly in the Lincolnshire area. Kier Homes are also prepared to provide high loan to value development finance (terms and conditions apply) to qualifying applicants to on offer? facilitate the process. Headline information is provided in this brochure including some typical An interesting questions and answers however, should applicants wish to explore this exciting opportunity further, access to a password protected data room will portfolio of residential be provided. development sites What are we marketing? with planning, offered We are marketing a part financed development opportunity for developers who can’t obtain finance, although the developments are offered without as a whole or in part the assistance of finance if preferred. Who is this proposal open to? Competitive, high LTV The opportunity is available to Kier approved Limited Companies only. development finance Why are we not putting any asking prices on the land? available through We are not simply selling real-estate but inviting select residential developers to provide whole life appraisals for site/s which will include an vendor if required* amount allocated to land value after margin and costs in a similar way a proposal would be provided to a bank. What are the likely costs? Kier are proposing to run the development finance on an open book approach where both parties have access to the finance spreadsheets to assist in planning and running the development project. In essence a successful developer will be required to deposit the equivalent of a minimum of 20% of agreed peak development cost before formal development finance is drawn. Interest may be rolled up until first receipt and management fees drawn in certain circumstances. Further details are available upon request. Why is this a new product to the market? To the best of our knowledge none of the major residential developers are offering this opportunity. Time Scales / What happens next? Expressions of interest should be made in the first instance no later than 30th November 2011. Should the applicant be successful (subject to contract) the first development payments are to be made on or around 1st January 2012. Paul Voden T: 01767 642500 E: [email protected] * Terms and conditions apply 1 1 Waterside Road, 5 Barton on Humber 2 Anchor Fields, Ingoldmells 3 Linwood Chase, Market Rasen 4 Skegness Road, 3 Chapel St Leonards 5 Lancaster Drive, South Killinghome 4 6 Saxonwood 6 Bardney 2 7 Kings Lane St Neots 7 Map from maps.google.co.uk Plans The plans in these particulars are intended to be for identification purposes General only. The sale will include consent to use the vendors plans and drawings for the existing developments if required, but will not include the copyright site to use them on further development or development of other sites. NHBC information NHBC Warranty and building control required on all sites. VAT The VAT position is to be confirmed. Tenure The properties are freehold and will be sold with vacant possession on completion via a build licence. Costs Each party is to be responsible for their own costs incurred in documenting the transaction. LOCATION 1 Barton on Humber is a historic town located on the south bank of the River Humber and is approximately 18 miles north Waterside Road, east of Scunthorpe and 18 miles north west of Immingham. The site is located on St Chads Way which is directly accessed Barton on Humber of Waterside Road. Lincolnshire DESCRIPTION The property comprises a site with planning consent to DN18 5BH develop 19 three and four bed dwellings. The site benefits from views of the Humber Bridge. LOCATION 2 The site is located approximately 3 miles north of Skegness and 23 miles south east of Louth in Lincolnshire. Anchor Fields Anchor Fields is situated off Anchor Lane, approximately half a mile from Merrills Way the sea front and just off the main coastal road that runs between Skegness and Mablethorpe. Ingoldmells is a popular seaside resort Ingoldmells benefiting from sandy beaches, many of which have been awarded a blue flag. Both the local shops of Ingoldmells and the beach are within walking Lincolnshire distance of the site. PE25 1JN DESCRIPTION The site comprises twenty plots with planning permission to construct a mix of residential properties on the Anchor Fields Development fronting the main estate road. LOCATION 3 Market Rasen, a market town located in Lincolnshire approximately 14 miles west of Louth and 14 miles north east of Lincoln. Linwood Chase The site is located off Horseshoe Way in the heart of the Linwood Chase Market Rasen development. Linwood Chase is located close to the outskirts of Market Rasen however is well located for the towns amenities. Horseshoe Way is Lincolnshire directly accessed from The Riddings which is the main estate road through LN8 3EE the development. DESCRIPTION The property consists of 3 parcels of land capable of residential development with planning consent for part of the site. Interested parties have the flexibility on the balance to obtain full detailed planning consent for a scheme to suit them. LOCATION 4 Chapel St Leonards is an established rural village with many amenities located close to the Lincolnshire coast and is approximately 7 miles north Skegness Road of Skegness and 10 miles south of Mablethorpe. The site is located on Draycott Way within the Seaspray development which has been recently Chapel St Leonards completed. Lincolnshire DESCRIPTION The property comprises a site located off Draycott Way with planning consent PE24 5WG to develop 28 dwellings, 8 of which are currently finished to slab level. The properties comprise a mix of 2 and 3 bedroom houses and bungalows. LOCATION 5 South Killinghome is located in North East Lincolnshire and is approximately 11 miles south east of Grimsby and 18 miles east of Scunthorpe. Lancaster Drive Greengate Lane The site is located on Lancaster Drive which can be accessed from Greengate Lane on the outskirts of the village. South Killinghome Lincolnshire DESCRIPTION The property comprises a site with lapsed planning consent to develop 29 DN40 3HL two and three bed units located alongside Lancaster Drive. LOCATION 6 Bardney is a rural village located approximately 10 miles east of the city of Lincoln and 10 miles west of Horncastle. Saxonwood The site is located in the Saxonwood development and is located off Wragby Road Wragby Road in the heart of the village. Bardney DESCRIPTION Lincolnshire The site comprises of five new build development plots and two existing properties suitable for refurbishment. LN3 5AX LOCATION 7 St Neots is a town located approximately 8 miles south east of Huntingdon and 16 miles west of Cambridge. Kings Lane The site is located at the junction of Kings Lane and Shaftsbury Avenue in St Neots the heart of St Neots. Kings Lane is located off B1428 Cambridge Road. Cambridgeshire DESCRIPTION The property comprises of a site with planning consent to develop a block PE19 1JZ of twelve one and two bed apartments fronting Kings Lane and Shaftsbury Avenue with dedicated parking..
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