September 2019
La Strategic Land Opportunity
For Sale by Informal Tender
Indicative purposes only
STONE HALL, EASTON LODGE, GREAT DUNMOW, ESSEX CM6 2BB Forming part of Easton Park – a phased development of 10,000 new homes
Unconditional offers invited by 12 noon Friday 15th November 2019
savills.co.uk
Strategic Land Opportunity Stone Hall, Easton Lodge, Great Dunmow, Essex CM6 2BB
Contents
1. INTRODUCTION 1 2. LOCATION 1 3. DESCRIPTION 2 4. PLANNING 2 5. ACCESS 2 6. TECHNICAL 2 7. TENURE / VACANT POSSESSION 2 8. OVERAGE 3 9. RIGHTS OF WAY 3 10. VIEWINGS / MEETING WITH SAVILLS 3 11. BIDS 3 12. TIMING 4 13. VAT 4 14. IMPORTANT NOTICE 4 15. FURTHER INFORMATION 4
Offers due by 12 noon Friday 15th November 2019 1
Strategic Land Opportunity Stone Hall, Easton Lodge, Great Dunmow, Essex CM6 2BB
1. INTRODUCTION
On behalf of the Landowner, Savills (UK) Ltd (‘Savills’) is pleased to offer for sale the freehold interest in Stone Hall, Easton Lodge, Great Dunmow, Essex (hereafter referred to as ‘the Property’).
The Property comprises Stone Hall, a Grade II* listed Property and green woodland, and extends to approximately 10 hectares (24.7 acres). The Property sits directly within the boundaries of the proposed new settlement at Easton Park, which Land Securities are promoting. Easton Park is set to deliver a phased development of 10,000 new homes, local employment opportunities, as well as recreational, healthcare and educational facilities.
The method of disposal is by informal tender and the deadline for bids to be submitted is 12 noon Friday 15th November 2019. Interviews may be held thereafter.
Offers are strictly invited on an unconditional basis with overage. Preference will be given to clean bids and to parties who can clearly demonstrate they have undertaken full analysis of the site and understood all of the obligations to be placed upon them.
The full Information Pack can be found at www.savills.com/stonehall.
2. LOCATION
The Property is located approximately 1.6 km (1 mile) south west of Little Easton, 3.1 km (1.9 miles) west of Great Dunmow, 10.9 km (6.8 miles) east of Bishops Stortford and 16.1 km (10 miles) west of Braintree. The A120 passes directly to the south of the site and links Great Dunmow to Bishops Stortford in the west and Braintree to the east.
Great Dunmow is a historic market town and the second largest settlement in Uttlesford. There are a range of facilities within the town, including a number of local shops, supermarket, Church, village hall, library, pubs, primary school, secondary school, and nursery. From the 2011 census, Great Dunmow had an estimated population of 8,830.
Rail services are available from Stansted Airport, located approximately 6.9 km (4.3 miles) west of the Property. Regular rail services are available to London with journey times of approximately 45 minutes to London Liverpool Street and 35 minutes to Tottenham Hale.
Offers due by 12 noon Friday 15th November 2019 1
Strategic Land Opportunity Stone Hall, Easton Lodge, Great Dunmow, Essex CM6 2BB
3. DESCRIPTION
The Property extends to approximately 10 hectares (24.7 acres) and comprises a Grade II* listed Property and green woodland. The Property is irregular in shape and is self-contained with existing vegetation clearly marking the boundary. The Property is bound by agricultural land to the south, east and west and a quarry to the north, all of which Land Securities are promoting.
4. PLANNING
The Property falls in the jurisdiction of Uttlesford District Council (‘UDC’). The site lies outside of the Conservation Area, but is identified as a Protected Area for Important Woodland in the Adopted Local Plan 2005. The site is not allocated in the Adopted Local Plan, but is identified in the proposed new Local Plan as Easton Park Garden Community, under Policy SP6. A Development Plan Document (DPD) will be prepared for the garden community and adopted by the Local Planning Authority.
The Property sits directly within the boundaries of the proposed new settlement at Easton Park, which Land Securities are promoting. It is proposed that Easton Park will deliver over 10,000 new homes, and a range of local employment opportunities and services and facilities including schools, health, retail and leisure.
A copy of the planning application documents can be found within the Information Pack online at www.savills.com/stonehall or sourced from UDC website.
5. ACCESS
The Property is accessed via Highwood Quarry Access Road (at the discretion of the operators of the quarry) to the south of the Property, and Park Road to the north east.
6. TECHNICAL
There is no technical information. Interested parties are to make their own investigations as to the capacity and capability of services for their proposed development.
7. TENURE / VACANT POSSESSION
The land will be sold freehold with vacant possession. The land is in the process of being registered, and a copy of the land registry documentation will be available in the Information Pack in due course.
Additionally, the Property is also in the process of going through probate.
Offers due by 12 noon Friday 15th November 2019 2
Strategic Land Opportunity Stone Hall, Easton Lodge, Great Dunmow, Essex CM6 2BB
8. OVERAGE
All parties should offer a planning overage as part of their offer submission.
9. RIGHTS OF WAY
The Property will be sold subject to and with the benefit of all rights, covenants and agreements and declarations affecting the Property.
10. VIEWINGS / MEETING WITH SAVILLS
We would strongly recommend that interested parties view the Property. Savills will be arranging a viewings day in due course. Please note that viewings can only be completed when accompanied with a representative of Savills.
11. BIDS
Offers are invited strictly on an unconditional basis. Preference will be given to clean bids and to parties who can clearly demonstrate they have undertaken full analysis of the site and understood all of the obligations to be placed upon them.
Offers are to be received by 12 noon Friday 15th November 2019 and sent in a sealed envelope to Savills, Unex House, 132-134 Hills Road, Cambridge, CB2 8PA. The envelope should be marked ‘‘Stone Hall, Easton Lodge - TF”. E-mail offers will be acceptable, addressed to [email protected] and [email protected].
The vendor will not be bound to accept the highest or indeed any offer and may withdraw the property from the market at any time.
Bid Submission
The following is to be submitted as part of any bid: Confirmation that the offer is unconditional; Confirmation of the proposed planning overage provision; Outline of board approval process; Proof of funding; Details of solicitors to be instructed; Details of the anticipated purchase timetable;
Offers due by 12 noon Friday 15th November 2019 3
Strategic Land Opportunity Stone Hall, Easton Lodge, Great Dunmow, Essex CM6 2BB
Confirmation that a 10% non-refundable deposit will be paid on exchange of contracts; Details of track record and any nearby land interests; Purchaser to provide a legal undertaking to cover reasonable abortive legal costs.
12. TIMING
The method of disposal is by informal tender and the deadline for bids is 12 noon Friday 15th November 2019. Interviews will be held shortly thereafter. As part of the Heads of Terms process, we will set out a detailed timescale for exchange and completion. This will include a series of legal meetings to ensure the timetable is achieved.
13. VAT
Please note that VAT will not be charged on the sale of the Property.
14. IMPORTANT NOTICE
Savills and the vendors give notice that (i) these particulars are produced in good faith and are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intended purchaser should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them; and (ii) no person in the employment of the agents, or the vendors has authority to make or give any representation or warranty whatever in relation to this property, (iii) intending purchaser seeking to rely on any survey, report assessment or statement produced for the vendors by any third party must make their own arrangements with the relevant third party.
Please be aware that all plans are subject to the purchaser’s surveys and due diligence.
15. FURTHER INFORMATION
The full Information Pack relating to the entire Property can be found within the online Data Room, accessed at www.savills.com/stonehall.
Please ensure that in the first instance all enquiries are made to one of the individuals dealing with the sale:
Tom Fraser FRICS Savills (UK) Ltd [email protected] Unex House 01223 347038 132 - 134 Hills Road Cambridge CB2 8PA
Offers due by 12 noon Friday 15th November 2019 4
Strategic Land Opportunity Stone Hall, Easton Lodge, Great Dunmow, Essex CM6 2BB
Lucy Muir [email protected] 01223 347058
Offers due by 12 noon Friday 15th November 2019 5