For Sale Obridge Yard, Railway Station, Taunton,

Town centre redevelopment opportunity of approximately 7.99 acres Obridge Yard, Taunton Railway Station, Taunton, Somerset 02

Property Summary

 Town centre location within walking distance of ‘High Street’, railway station, bus network and River Tone corridor.

 Adjoining an extensive residential neighbourhood along the northern boundary.

 Potential uses include residential and offices/employment.

 Masterplan Vision proposes Obridge Yard be developed as a new neighbourhood of mainly family style housing with gardens.

 Widespread support has been received for the masterplan.

 Offers invited by way of Informal Tender, with a deadline of 5pm on Friday 7 November 2014.

 Offers will be considered on a conditional basis, including Joint Venture proposals.

Obridge Yard, Taunton Railway Station, Taunton, Somerset 03

Location and Situation

Location Taunton is the County of Somerset’s administrative, Taunton has main line railway links to , the Midlands, retail and financial centre, with major employers the south east and the north. London is approximately 1 including UK Hydrographic Office, Charity Commission, hour 40 minutes, Bristol 35 minutes and Birmingham 2 hours. Western Provident Association and Musgrove Park Bristol Airport is approximately 50 minutes’ drive from Hospital. Taunton is the largest town within Somerset, Taunton, whilst Exeter Airport is approximately 45 minutes’ with a catchment population of 500,000 people, whilst drive. Taunton Deane has a resident population of approximately 110,187 (2011 Census). Situation The property is situated to the north of Taunton Railway Station The town is situated off Junction 25 of the M5 and approximately 400m from the Firepool Regeneration Area Motorway, with the A358 providing links between the and Firepool Lock residential development, with the Rover Tone M5 and the A303/A30 trunk road. Bristol is meandering alongside these developments. approximately 43 miles (69 km) to the north east, Exeter The ‘High Street’ is within walking distance, around 0.6 miles along is 35 miles (56 km) to the south west, and London is the Rriverside pathway. approximately 163 miles (262 km) to the east.

Obridge Yard, Taunton Railway Station, Taunton, Somerset 04

Description and Planning Background

Description The Property currently includes a number of existing buildings including the GWRSA Building, a number of small industrial units and the Oldbridge Yard and maintenance depot. In addition to this, the site includes an area used as non-statutory allotments together with circulation space for the various land and premises as above.

The proposals within the masterplan provide for 80 houses, mostly 3 bedroom terrace but some 2 or 4 bedroom houses including semi detached units, with potential to relocate the allotments. In addition, the Use Area (sq ft) Area (sq m) plan sets out potential for sheltered housing or retirement apartments/care home on the site of the Ground Floor 9,260 860.28 GWRSA building, including wasteland along the First Floor 3,725 346.06 footpath. Alternatively, this could provide a further 22 Total 12,985 1,206.34 houses.

Directly to the north of the Railway Station buildings is a second small parcel of land, which is suggested for office/employment use within the masterplan.

*Red Line plan above and throughout these details is for indicative purposes only. Planning Summary The importance of Taunton Railway Station and Obridge Yard has been identified as a key focus for regeneration by planning policies and strategic plans such as the Taunton Town Centre Area Action Plan (adopted 2008) and the Taunton Town Centre Urban Design Framework. The masterplan was developed out of consultation with key stakeholders including Taunton Deane Borough

Council and Somerset County Council amongst others. Obridge Yard, Taunton Railway Station, Taunton, Somerset 05

Property Information

Accommodation Tenure We list below the various existing buildings and approximate Freehold subject to various tenancies (contained Gross Internal Floor Areas: within the Technical Information Pack).

Area Area Building/Unit EPC VAT (sq ft) (sq m) The property is VAT elected and therefore VAT will be GWRSA Building 8,535 793.00 E payable on the purchase price.

Unit 1, Old Engineers Workshops 2,299 213.61 F Unit 2, Old Engineers Workshops 441 41.00 G

Unit 3&4, Old Engineers Workshops 947 88.00 G Unit 5, Old Engineers Workshops 1,054 98.00 G

Unit 6, Old Engineers Workshops 1,237 115.00 G

Storage Building 1 3,671 341.00 G

Storage Building 2 861 80.00 n/a

Maintenance Depot To be removed

Total 19,045 1,769.6

The property has a combined gross site area of 7.99 acres (3.23 hectares).

Artist’s Impression looking at the new station forecourt on the northside Obridge Yard, Taunton Railway Station, Taunton, Somerset 06

Further Information and Viewing Arrangements

Method of Sale We are instructed to seek offers by way of Informal Tender with a deadline of 5pm on Friday 7 November 2014. will also consider proposals made on a Joint Venture basis. An Informal Tender Form is available upon request. Our client is not duty bound to accept the highest, or any tender submitted.

Technical Information Pack Further information is available upon request including: 1. Title information & leases. 2. Geo & Environmental Reports. 3. Masterplan Documents. 4. Floor plans of existing buildings. 5. Planning documents. 6. Topographic Survey.

Viewing Arrangements For further information or to arrange an inspection please contact the sole agents. Alder King Property Consultants

4 Heron Gate Andrew Maynard

Hankridge Way 01823 444879

Taunton [email protected]

Somerset TA1 2LR

On Behalf of:

Emma Walker SUBJECT TO CONTRACT & EXCLUSIVE OF VAT

0117 372 1110 [email protected] ACM/N77845/Sept2014

Important: Alder King for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars contained herein are for guidance purposes only and do not constitute either part or whole of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, and must satisfy themselves as to their correctness. 3. No person in the employment of Alder King has any authority to make or give any representations or warranties whatsoever in relation to these properties. 4. No responsibility can be accepted for expenses incurred by intending purchasers in inspecting and considering the properties which are offered. Under the Control of Asbestos Regulations 2006 (CAR 2006), the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAR 2006 is an offence and could adversely affect the value of the property. The detection and management of asbestos and asbestos related compounds is beyond the scope of our expertise and does not form part of the services that we have agreed to provide in respect of the property. Accordingly: 1. Alder King do not accept any responsibility for, and you should not place any reliance on us in respect of, the detection and/or management of any asbestos and/or asbestos related compounds contained in the property. 2. We strongly recommend that you obtain advice from specialist environmental consultants in respect of asbestos related issues.