FOR SALE BY INFORMAL TENDER RESIDENTIAL DEVELOPMENT OPPORTUNITY

LAND AT STAGSDEN ROAD Bromham, , MK43 3QJ

Site boundary for indicative purposes only

Key Highlights • Residential development opportunity • Extends to 4.2 ha (10.4 acres) • Resolution to grant outline planning • Freehold interest permission for up to 80 units

SAVILLS CAMBRIDGE Unex House 132-134 Hills Road, CB2 8PA +44 (0) 1223 347 000 savills.co.uk Introduction Description On behalf of the Landowners, Savills The Property extends to approximately 4.2 hectares (10.4 acres) and (UK) Ltd (‘Savills’) is pleased to offer comprises Greenfield land which is currently in agricultural use. The Property is for sale the freehold interest in the predominantly triangular in shape and slopes from south to north. The Property land at Stagsden Road, Bromham, is self-contained with existing vegetation clearly marking the boundary. The Bedfordshire (hereafter referred to as western boundary is defined by a brook and part of the land adjacent falls within ‘the Property’). flood zone 2 and 3. The Property is bound by the A428 to the south which links Bromham to , Stagsden Road to the north, New Road to the east and The Property comprises agricultural further agricultural land to the west. land, extending to approximately 4.2 ha (10.40 acres). The Property benefits Planning from a resolution to grant outline planning permission for the erection of The Property falls in the jurisdiction of Bedford Borough Council (‘BBC’). The up to 80 dwellings. following planning application has been submitted: The method of disposal is by informal tender and the deadline for bids to REF. DECISION DATE DESCRIPTION DECISION be submitted is 12 noon Friday 31st 17/0242/ [TBC] Outline application with all Resolution January 2020. Interviews will be held MAO matters reserved except access to Grant on the 4th and 6th of February 2020. for the erection of up to 80 We ask that bidders please keep these dwellings with garaging; parking; dates free should they be invited to public open space; landscaping; interview. new vehicular and pedestrian access; highway works; foul Offers are strictly invited on an and surface water drainage unconditional basis. Preference will be infrastructure and all ancillary given to clean bids and to parties who works. can clearly demonstrate they have undertaken full analysis of the site and A copy of the planning application documents can be found within the understood all of the obligations to be Information Pack online at www.savills.com/bromham or sourced from BBC placed upon them. website under the above planning reference. The full Information Pack can be found at Section 106 www.savills.com/bromham. The Section 106 is currently in the process of being negotiated. Please include the following anticipated costs as part of any offer: Location Affordable Housing - 30% provision The Property is located to the west of Bus Stop / Bus Shelter Upgrades - £30,000 Bedford, north of the A428. Bromham is one of the larger villages in the Doctors Surgery Contribution - £85,800 , approximately 7.2 Highway upgrades on Stagsden Road - £80,000 km (4.5 miles) north west of Bedford Total - £195,800 town centre, 19.8 km (12.3 miles) north It is hoped that the S106 will be finalised in the early new year to allow the outline east of , 27.3 km (16.9 planning permission to be granted before bids are due. miles) south east of Northampton and 43.9 km (27.3 miles) west of CIL Cambridge. CIL is a planning charge introduced by the Planning Act 2008 as a tool for local There are a range of facilities within authorities in and Wales to help deliver infrastructure to support the the village, including a number of local development of their area. shops, Church, Village Hall, library, pubs, primary school and nursery. The development will be CIL liable in accordance with the Council’s adopted The town is located approximately 3.6 charging schedule. km (2.2 miles) from Bedford Railway BBC adopted CIL in 2014 with a standard rate of £100 per sq m (£9.29 psf). This Station, with regular services to rate excludes indexation. London St Pancras, Gatwick Airport and Brighton. From the 2011 census, Bromham had an estimated population of 4,957.

SAVILLS CAMBRIDGE Unex House 132-134 Hills Road, CB2 8PA +44 (0) 1223 347 000 savills.co.uk Access Bid Submission The following is to be submitted as part of any bid: Access will be provided directly from Stagsden Road. • Confirmation that the offer is unconditional; Technical • Confirmation of the proposed planning and sales overage A comprehensive technical Information Pack has been put provision; together and made available to all parties. We advise that • Outline of board approval process; any purchasers make themselves fully aware of the wider reports and make themselves comfortable with the content • Proof of funding; therein. • Details of solicitors to be instructed; Tenure / Vacation • Details of the anticipated purchase timetable; • Confirmation that a 10% non-refundable deposit will be The land will be sold freehold with vacant possession. A paid on exchange of contracts; copy of the land registry documentation can be found in the Information Pack. • Details of track record and any nearby land interests; • Purchaser to provide a legal undertaking to cover Overage reasonable abortive legal costs. All parties should offer a planning and sales overage as part of their offer submission. Timings The method of disposal is by informal tender and the Rights of Ways deadline for bids is 12 noon Friday 31st January 2020. The Property will be sold subject to and with the benefit Interviews will be held on the 4th and 6th of February 2020. of all rights, covenants and agreements and declarations We ask that bidders please keep these dates free should affecting the Property. they be invited to interview. As part of the Heads of Terms process, we will set out a detailed timescale for exchange VAT and completion. This will include a series of legal meetings Please note that VAT will be charged on the sale of the to ensure the timetable is achieved. Property. Viewings / Meeting With Savills Bids Savills will be arranging a viewing day in due course. Offers are invited strictly on an unconditional basis. Preference will be given to clean bids and to parties who Further Information can clearly demonstrate they have undertaken full analysis The full Information Pack relating to the entire Property can of the site and understood all of the obligations to be be found within the online Data Room, accessed at www. placed upon them. savills.com/bromham Offers are to be received by 12 noon Friday 31st January 2020 and sent in a sealed envelope to Savills, Unex House, 132-134 Hills Road, Cambridge, CB2 8PA. The envelope should be marked ‘‘Land at Bromham - TF”. E-mail offers will be acceptable, addressed to [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.

Contact Tom Fraser FRICS Lucy Muir MRICS +44 (0) 1223 347 038 +44 (0) 1223 347 058 [email protected] [email protected]

IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | November 2019