FOR SALE R1127 - Residential Development Land off Mayfair, Horwich, Bolton, BL6 6DH
PRICE
£1,500,000
SOLD
3.06 hectares (7.55 acres) of which 1.05 hectares (2.7 acres) is established woodland
Potential for exclusive development
Expansive and panoramic views
Established and convenient location ?Planning Permission for residential developmen
Sale Agreed
Description
The site is situated in an exclusive elevated setting from which there are expansive panoramic westerly views sheltered by established woodland to the south and west boundaries.
Comprehensive neighbourhood amenities are nearby and there is easy access onto the M61 making it ideal for commuting and access to the whole of the north west region.
Planning
Outline Planning Consent as part of a wider permission for 270 units was approved on Appeal in September 2021 (Appeal Ref. 07245/19).
It is part of a scheme with Northstone (Peel L&Ps Housebuilding arm) who have obtained Reserved Matters Approval for 208 units. Two non-material amendments (NMAs) were submitted under App. Ref. 13481/22, approved in April 2022, and 14266/22 approved in August 2022, to allow for phasing of the development.
Although the remaining capacity allows for up to 70 units, any scheme should be in substantial compliance with the Parameters Plan (508E-64A) and illustrative Master Plan (508E-65A) as identified in Condition 4 of the Planning Permission
In support of the Application a number of reports have been obtained, details of which can be made available in the Data Room.
The Reserved Matters Planning Application must be submitted on the land prior to September 2023 to enable the site to be brought forward as part of the satisfactory Planning Permission.
The Section 106 Agreement requires the provision of 34% of affordable housing. There are also a number of contributions which vary on a plot by plot or phase basis.
Tenure
The site will be sold Freehold and free from Chief Rent.
Services
Mains gas, electricity and water supplies are available as is connection to the mains sewer.
Interested parties are advised to make their own enquiries.
To View
By appointment with Peter E Gilkes & Company.
Negotiations
All negotiations should be conducted with Peter E Gilkes & Company or Peel L&P (Katherine Ball).
Money Laundering Regulations
In order to comply with regulations, purchasers will be asked to provide two forms of identification and evidence of ability to fund their acquisition by providing proof of funds.