Residential Development Opportunity Richmond Hill, Leeds, LS9 8BP On the instruction of Fraser Real Estate acting as Fixed Charge Receivers Residential development opportunity on the edge of Leeds City Centre with detailed planning consent Development Considerations • Detailed Planning Permission for a development comprising of 300 residential • Offers invited in excess of £3,000,000 dwellings, retail unit and health care centre • Unconditional offers only • Located in a prime location close to Leeds City Centre • On the instruction of Fraser Real Estate acting as Fixed Charge Receivers • The site extends to 0.53 ha (1.3 acres) gross Site Location The site is located within Leeds, West Yorkshire. Leeds lies within the fourth most populous urban area in the UK with a population of 2.6 million. The city is well connected via the A1 and M62 motorways as well as Leeds Train Station, listed as one of the busiest train stations within the UK. Regular trains run to London Kings Cross within 2 hours 15 minutes. Leeds Bradford International Airport also connects the city internationally. The city’s economy has seen the fastest rate of private sector growth of any UK city and is the largest financial centre outside of London. Leeds has seen significant investment in its retail sector over the past 6 years; with the opening of both Trinity Leeds and Victoria Gate, which has increased the city’s retail capacity and made it a much more attractive area for investors and developers. The site is situated approximately 0.5 miles west of the city centre at the junction of Marsh Lane and East Street. The site is served by a bus stop just beyond the north eastern boundary which provides a direct service to Leeds City Bus Station in 4 minutes. Leeds Train Station is located less than 1 mile away and the new Victoria Gate Shopping Centre, which is home to high end retailers, including John Lewis, as well as a number of the city’s best restaurants is 0.4 miles away. The surrounding uses have traditionally been light industrial and high rise residential accommodation. Evidence of this is to the immediate northern boundary, where single and two storey industrial units support a range of businesses and to the east where Saxton Gardens residential blocks, ranging from 5 to 7 storeys, are located. One of the Saxton Gardens blocks was purchased and refurbished by Urban Splash. In terms of other uses in the area there is an eleven-storey student accommodation scheme fronting onto Marsh Lane. Across Marsh Lane to the west is the Gateway mixed use (predominantly residential) development. Directly to the south of the site across Richmond Street, the former Leeds College of Technology and Victorian mill buildings to the rear (previously in light industrial now residential). Site Description The site is located in an urban area, on the edge of Leeds city centre. It is roughly square in shape with an area of 0.53 ha (1.3 acres). The site is currently vacant and is brownfield land. Its previous use was for housing, dating back to the 1850’s, which was demolished in the early 1950’s. In the 1960’s a clothing factory was built adjacent to the site but encroached very slightly on to its south western border. Apart from the small encroachment the site remained vacant until the 1970’s where it became a park with a pond. Generally, the site is flat with a slight gradient from the highest point located in the north-western corner to the west. Along the western and south-western site boundary the ground drops sharply, due to a landscaped bank. The site is situated within Flood Zone 1, denoting a low probability of flooding. There are no designated heritage assets within the site. However, the site is adjacent to the Eastern Riverside Conservation Area and lies approximately 200m to the east of the Leeds City Centre Conservation Area. The Grade II Listed East Street Mills building is situated adjacent to the south on the opposite side of Richmond Street. Planning A search of the City Council’s online planning register has been carried out for the site, which revealed the following relevant planning applications: 20/408/04/FU - Part 5 and 9 storey block of 195 flats with ground floor retail unit and basement car parking Approved 11 November 2005 09/05544/FU Variations of conditions 27 and 30 of application no. 20/408/04/FU (Site remediation work required to deal with contamination and provision of remediation statement) Approved 12 February 2010 15/01087/CLE Certificate of existing lawful development to confirm that planning permission 09/05544/FU has been lawfully implemented Approved 20 April 2015 The site was granted planning permission from Leeds City Council on 3 April 2018, planning application number 17/06296/FU. The permission granted is for a mixed use development comprising of 300 residential dwellings, retail unit, health care centre. The development in two separate blocks incorporates a mix of studio (3%), 1-bedroom (50%), 2-bedroom (43%) and 3-bedroom (3%) apartments that responds to local needs and aspirations and which are designed to meet National Space Standards. Affordable housing is also provided onsite at 5% (15 units) which will be ‘tenure-blind’. Alongside residential dwellings, the development proposes a 200 sqm retail unit (Use Class A1) and a 440 sqm health centre (Use Class D1) at ground floor level on the corner of Marsh Lane and Richmond Street. The planning permission, schedule of accommodation and house type plans can be found by visiting the dedicated website. Further Information Method of Sale Land Off Flax Place, Please refer to https://datarooms.allsop.co.uk/register/flaxplace to The subject site is for sale by way of Private Treaty; however we view/download all available documents, which include: reserve the right to conclude the marketing by an Informal Tender Richmond Hill, process. Leeds LS9 8BP • Planning Permission • Proposed plans • Accommodation schedule Contacts • Technical pack – including Phase I Contaminated Land Desk For further information or to arrange an inspection, please contact: Study James Mohammed James Wilson If you have already signed up to a previous Allsop dedicated 0113 243 7955 0113 236 6679 website, please use the following access code to gain access to [email protected] [email protected] Guide Price the website: flaxplace. Brad Harris We are inviting unconditional The planning permission can be viewed by visiting the Leeds City 0113 236 6684 offers in excess of £3,000,000 Council Public Access website and searching by the planning [email protected] application number 17/06296/FU. Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective allsop.co.uk purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. March 2018 .