Development Opportunity, Long Stratton, Norfolk

A well planned development for 1,275 homes and separately approx. 11 hectares of employment land

Detailed Description

The sale area extends to approximately 68.33 hectares (168.84 acres). The area within the planning permission is larger and includes associated drainage features and 11 hectares of employment land. It is intended to deal with the employment land separately. Further information is available by request.

The total sale area comprises: the residential land extending to 64.71 hectares (159.90 acres) and land to be used for a Community Hub, a school site and a school extension site which combined extend to approximately 3.62 hectares (8.94 acres).

The current master plan divides the site into 5 phases, A to E. Access is available to the different phases from different sections of the road network including the new Long Stratton bypass. However, the sellers propose to sell in one lot under a single contract.

The sale may be to either a single buyer or a consortium of buyers in collaboration.

Location

The site is situated in Long Stratton approximately 11 miles south of Norwich, Norfolk and includes much of the land east of the A140 between the town and the Long Stratton bypass, which is under construction.

Long Stratton is an attractive town historically comprising two villages; Stratton St Mary and Stratton St Michael. The original villages were named in the Doomsday book, with the name "Stratton' meaning a farm or settlement on a Roman road.

The town has a population of approximately 4,000. There are 3 schools and various shopping & leisure facilities as well as a doctors surgery.

There is an active bus route to Norwich, which is the regional administrative centre of Norfolk. It is well known as a top retail destination and has a large student population at the UEA, University of the Arts and Norwich City College as well as many major businesses.

Norwich has an urban population of approximately 213,000, a retail catchment of approximately 1.1 million and is home to a wide variety of arts and culture, galleries, history & architecture. The varied shopping and leisure and easy access to the extensive coastline and the Broads National Park, all contribute to an outstanding quality of life.

Viewing is permitted during daylight hours with a set of these sales particulars to hand, having contacted the Selling Agents.

Access is not permitted to the bypass land or areas within temporary fencing for the bypass works.

The site has been opted to tax and therefore VAT will be payable by the Buyer in addition to the contract price.

The property is offered for unconditional sale by private treaty for the residential land. We would be pleased to enter discussions with any bidder who would like to purchase the employment land. The deposit will be 5% on exchange of contracts with the balance payable on completion, unless the sellers agree terms for deferred payments.

Any deferred terms will be secured by a parent company guarantee and a first legal charge over 120% of the value deferred in a form approved by the sellers solicitors.