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Land for sale
Residential Development Site, Nayland Road, Great Horkesley CO6 4ET
£10,000,000
Residential Development Site, Nayland Road, Great Horkesley CO6 4ET
£10,000,000
Our Summary
- RESIDENTIAL DEVELOPMENT OPPORTUNITY A Unique Opportunity to Purchase a Prime Housing Development Site of Approximately 23
- TOWN PLANNING The site has Committee approval, reference 230625, for 100 dwellings with new access, including land for allotments, provision of Scout and Girl Guiding Hut with parking, public open space
- OVERAGE In the event of an enhanced planning permission being obtained, an overage of 50% of land value will be payable
Description
In a single paragraph, this property description outlines a prime residential development opportunity in Great Horkesley, Colchester, offering approximately 23.7 acres of land for the construction of up to 100 dwellings, which has already received committee approval. The site is located in a well-serviced village with good transport links, including proximity to the A12 and Colchester's mainline railway station, and is situated near amenities such as a primary school, post office, and a public house. The land, which is currently agricultural, surrounds a care home and slopes towards a willow plantation. The development includes provisions for affordable housing, public open space, and an allotment, with a Section 106 agreement stipulating a 30% affordable housing requirement. Services such as water, electricity, and drainage are available for connection, and the site is being sold freehold with vacant possession. The property is not elected for VAT, and an overage clause is in place for any enhanced planning permission, with a rate of 50% of land value payable for up to 10 years. Offers are invited by informal tender with a deadline of 12 noon on Friday, 26th July 2024. Viewings are available by prior appointment with the sole selling agents, Nicholas Percival.