INTRODUCTION<br /><br />An exciting opportunity to acquire a Residential development site with the benefit of outline planning permission for up to 5 dwellings.<br /><br />LOCATION<br /><br />The development site is located at 95 Bannold Road close to the centre of the village of Waterbeach, Cambridgeshire. There is an existing house on the site benefitting from 4 bedrooms, 2 bathrooms and 3 reception rooms.<br /><br />The site is approximately 11 miles south of the cathedral city of Ely and 7 miles North East of Cambridge. Waterbeach railway station is within 1 mile of the property servicing Ely to the north and has a direct train to London Kings Cross Station to the south. The A14 at Milton gives access in an easterly direction to the A11, Newmarket and Bury St Edmunds and in a westerly direction to Cambridge and the Midlands.<br /><br />The development site extends to approximately 0.2 hectares (0.49 acres) and is shown on the attached Sale Plan. <br /><br />CIL and Section 106<br /><br />The existing consent does not have any requirement for a CIL payment or s.106 obligations<br /><br />OVERAGE<br /><br />The property will be sold with an overage whereby the Vendors reserve the right to receive 40% of any increase in value if a more valuable planning permission is obtained within 30 years from completion of the sale.<br /><br />TENURE<br /><br />The site will be sold freehold with vacant possession on completion. The existing house on site is occupied by a family member who will vacate on completion. Please note this house is subject to an Agricultural Occupancy Restriction which will remain in place until it is demolished in accordance with the recent planning permission.<br /><br />EXCHANGE OF CONTRACTS AND COMPLETION<br /><br />Exchange of contracts will take place 28 days after receipt by the Purchaser’s Solicitor of the draft contract. Completion will be 12 weeks thereafter.<br /><br />METHOD OF SALE<br /><br />The property is for sale by Informal Tender and offers should be submitted, preferably by email, to james. <br /> by 12 noon on Friday 14th January 2022. Emails should be clearly headed ‘95 Bannold Road Offer’. Unconditional offers should be made in pounds sterling and no reference should be made to other offers. <br /><br />The offers should contain the following: -<br /><br />1. Details of the Purchaser and their Solicitor.<br /><br />2. A letter of confirmation from a Bank or Financial Advisor confirming that Funds are available to exchange contracts in the required timescale.<br /><br />3. Confirmation that Main Board approval has been given where necessary.<br /><br />4. The Vendors reserve the right not to accept the highest offer or any other offer received.