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Part Complete Residential Development Opportunity 2.91 Hectares (7.2 Acres)

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Part Complete Residential Development Opportunity 2.91 Hectares (7.2 Acres) Acting on behalf of James Liddiment & Paul Greenhalgh of Duff and Phelps Ltd as Joint LPA Fixed Charge Receivers PART COMPLETE RESIDENTIAL DEVELOPMENT OPPORTUNITY 2.91 HECTARES (7.2 ACRES) ALSTON BANK, CHAPEL HILL, LONGRIDGE, PRESTON PR3 2YB LOCATION DESCRIPTION The site is located on the edge of Longridge being a popular town in a semi rural The land extends to a gross site area of approximately 2.91 hectares (7.2 acres) setting to the north of Preston within the Ribble Valley. being partially complete. The site lies to the south of Longridge town centre being accessed via Chapel Hill The development benefits from enviable views overlooking Alston reservoir and which connects with Lower Lane to the east and Preston Road to the south and open countryside to the south. ultimately connecting with the very popular surrounding rural settlement whilst also being a short walk from the town centre. ACCOMMODATION Longridge offers an excellent range of retail and leisure facilities in addition to The planning consent comprises the following unit mix: several popular primary and secondary schools. Type Beds Avg Ft² Number Open Market B6244 Barn 4 2,212 1 LONGRIDGE LOWER ROAD RIVER RIBBLE M6 B5269 LOWER LANE FLEET STREET LANE Farmhouse 4 2,346 1 CUMERAGH LANE CHAPEL HILL B5269 ALSTON B6245 Detached 4 1,234 3 BANK Detached 3 958 5 B6243 RIVER RIBBLE HAIGHTON GREEN LANE A59 Semi-detached 5 1,290 1 M55 B6243 Semi-detached 4 1,136 4 M6 RIVER RIBBLE A6 LONGRIDGE ROAD Semi-detached 3 963 5 Terraced 4 1,011 3 M6 A59 Terraced 3 1,122 10 Bungalow 2 529 4 A6 A667 A6119 A59 A59 PRESTON Apartment 2 686 1 A59 RIVER RIBBLE A666 Affordable M6 A667 RIVER RIBBLE BLACKBURN Semi-detached 3 974 3 A6078 Terraced 4 1,010 3 A6 A666 Terraced 3 830 3 M61 M6 Apartment 2 697 7 Total 54,074 54 • Very attractive setting with open aspect overlooking Alston Reservoir • Walking distance of Longridge Town Centre with excellent range of local schools and amenities • Extant detailed planning permission for 52 new build units and the conversion and refurbishment of 2 further dwellings • Potential to redesign development S.T.P. TENURE POTENTIAL FURTHER DEVELOPMENT Freehold. The development may provide scope for the delivery of additional development on land located to the easterly extent of the wider site subject to planning permission. See attached plan and area hatched red. PLANNING The site benefits from an extant detailed planning permission for the development TECHNICAL INFORMATION of 52 residential units together with the conversion of a former barn and refurbishment of an existing dwelling (53 Chapel Hill). Planning permission In the first instance interested parties are requested to formally register with reference was 3/2011/1071. Subsequent applications 3/2014/0794 & 3/2015/0575 Eckersley, who will thereafter provide an electronic link to download the technical have deleted and varied several conditions. information available. This includes, but is not limited to, the following:- 1. Site plan We understand that the permission includes 30% affordable housing comprising 2. Illustrative layout the following: 3. Various decision notices 3 x four bed; 2 x two bed & 3 x three bed shared ownership units 4. S106/278 agreements 5. Design & access statement 2 x two bed discounted sale units at 70% of OMV 6. Ecological report 5 x two bed and 1 x three bed affordable rent units 7. FRA 8. Topographical survey Further information is available within the technical pack, however, interested 9. Transport & access assessment parties are invited to make any planning related enquiries to the local planning authority, Ribble Valley Borough Council. METHOD OF SALE CONSTRUCTION STATUS We are seeking expressions of interest prior to offers with timescales and offer guidelines to be provided in due course. Watts have reviewed the development and prepared an analysis of the site in regards to construction progress and cost to complete. This report is available within the technical information pack, however, interested parties are advised to undertake their own investigations. PHOTOGRAPHS AND PLANS Any photographs and indicative plans incorporated in these particulars are We understand that whilst a number of reservations had been taken no sales were provided for identification purposes only and should not be relied upon. completed and therefore the entire site/development is available to purchase. Please refer to the attached accommodation schedule and construction status VAT for ease of reference. The Receivers are currently undertaking enquiries with HMRC to confirm the VAT status. Details of the outcome will be included in the data room. POTENTIAL FUTURE DEVELOPMENT LAND S.T.P CONSTRUCTION STATUS Plot No. of Beds Type Area ft² Build Stage Plot No. of Beds Type Area ft² Build Stage 1 3 Detached 933 N/S 28 3 Terrace 997 Chamber 2 3 Detached 933 N/S 29 3 Terrace 997 Chamber 3 2 Affordable (70% OMV) Apartment over Garage 686 N/S 30 3 End Terrace 997 Chamber 4 3 Semi 850 N/S 31 2 End Bungalow 533 Shell Complete 5 5 Semi 1,290 N/S 32 2 Bungalow 528 Plastered 6 4 Detached 1,043 N/S 33 2 Bungalow 528 Plastered 7 3 Affordable Semi 986 N/S 34 2 End Bungalow 526 Plastered 8 2 Affordable (70% OMV) Apartment over Garage 686 N/S 35 4 Affordable End Terrace 1,010 2nd Fix commenced 9 3 Semi 986 N/S 36 4 Affordable Terrace 1,010 2nd Fix commenced 10 4 Semi 1,251 N/S 37 4 Affordable End Terrace 1,010 2nd Fix commenced 11 3 Semi 986 N/S 38 3 End Terrace 3 storey 1,421 Shell Complete 12 3 Semi 986 N/S 39 3 Terrace 3 storey 1,421 Shell Complete 13 3 Detached 986 N/S 40 3 Terrace 3 storey 1,421 Shell Complete 14 2 Apartment over Garage 686 N/S 41 3 End Terrace 3 storey 1,421 Shell Complete 15 3 Terrace 773 N/S 42 2 Affordable Apartment 3 storey 664 N/S 16 3 End Terrace 773 N/S 43 2 Affordable Apartment 3 storey 593 N/S 17 4 End Terrace 1,011 Foundation 44 2 Affordable Apartment 3 storey 664 N/S 18 4 Terrace 1,011 Foundation 45 2 Affordable Apartment 3 storey 586 N/S 19 4 End Terrace 1,011 Foundation 46 2 Affordable Apartment 3 storey 999 N/S 20 3 Affordable Semi 1,006 Foundation 47 3 Detached 933 N/S 21 3 Affordable Semi 930 Foundation 48 4 Barn 2,212 Pre-plaster 22 3 Semi 1,006 Wall Plate 49 4 Farmhouse 2,347 App submitted for demo 23 4 Semi 1,010 Wall Plate 50 4 Detached 1,379 Complete - show house 24 3 Detached 1,007 Wall Plate 51 3 Affordable End Terrace 809 N/S 25 4 Semi 1,010 Wall Plate 52 3 Affordable Terrace 809 N/S 26 4 Semi 1,274 Chamber 53 3 Affordable End Terrace 873 N/S 27 3 End Terrace 997 Chamber 54 4 Detached 1,279 N/S 54,074 ENQUIRIES Further information is available via the sole agents: Eckersley Contact: Mark Clarkson Email: [email protected] Preston office 25A Winckley Square, Preston PR1 3JJ T: 01772 883388 E: [email protected] Lancaster office Castle Chambers, China Street, Lancaster LA1 1EX T: 01524 60524 E: [email protected] Eckersley for themselves and for the vendors or the lessors of this property whose agents they are give notice that i) The particulars are set out as a general outline only for the guidance of the intended purchaser or lessees and do not constitute any part of an offer or contract. ii) All descriptions, dimensions, references to condition and necessary permissions for the use and occupation, and other details are given in good faith but without responsibility and intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. iii) No person in the employment of Eckersley has any authority to make or give any representation or warranty whatever in relation to this property..
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