Residential development land for sale in Crewkerne

This property is marketed by:
Greenslade Taylor Hunt

DESCRIPTION

Residential development site with resolution to grant outline planning permission, subject to completion of the Section 106 Agreement, for the erection of up to 67no. dwellings, together with associated infrastructure works.The site extends, in total, to approximately 5.6-hectares (13.84-acres).

LOCATION

The market town of Crewkerne is located within the administrative area of Somerset Council (SC) (formerly South Somerset District Council (SSDC)).

Crewkerne has an extensive range of educational, ecclesiastical, employment, cultural, leisure and shopping facilities and amenities including (but not limited to): a railway station, 2no. supermarkets (Waitrose and Lidl), swimming pool, gym facilities, hospital, 2no. first schools, a middle school and a secondary school and sixth form. The town has a thriving farmers market on the third Saturday of each month, which is a popular addition to the town.

TENURE AND POSSESSION

The seller owns the freehold (title absolute) of the majority of the site being offered for sale. It is registered with the Land Registry under title number: WS57385. The remainder of the site for sale (part of title WS85661) is subject to an Option Agreement with the owner (the Trustees of the Crewkerne Educational Foundation (C.E.F)).

The seller and land promoter entered into a Promotion Agreement dated 3rd April 2012 and Supplemental Agreement dated 8th December 2020. This is to procure an outline planning permission for residential development on the site and to subsequently dispose of it.

METHOD OF SALE

We are offering the freehold for sale by informal tender, with vacant possession on completion, subject to the presence of on-site septic tanks.

The enclosed covering letter sets out the deadline for submission of offers and the associated procedure.

GUIDE PRICE

Offers are invited on an unconditional basis assuming grant of outline planning permission.

OVERAGE

The seller’s preference is for an overage provision to be contained within the sale contract. The details of the overage provision are subject to further discussion.