Land at Percy Drive, Amble

£2,500,000

Guide price

OPPORTUNITYOn behalf of Cheviot Holdings Limited (CHL), Bradley Hall is delighted to bring to the market this excellent residential development site at Percy Drive, Amble, Northumberland. The site is situated close to the town centre and benefits from outline planning permission for residential use.CHL are to directly develop part of the site for 111 private residential dwellings, 41 affordable dwellings and provide all infrastructure to the site necessary to facilitate the entire site. A purchaser is now being sought to develop the remainder of the site totalling up to 120 dwellings. The indicative boundary of this land is shown above however the precise boundary can be varied subject to negotiation.The scheme envisaged will build on other successful developments and the available land represents an excellent opportunity for immediate development. Completed homes could suit both owner occupiers or the excellent holiday rental market.LOCATIONThe subject site is located on Percy Drive, Amble. Percy Drive is the main road through Amble town and provides access to A1068, which links with Ashington to the south and Alnwick to the north west.The site is prominently located in a mixed use residential, business and leisure destination being within close proximity to residential dwellings, Coquet Enterprise Park and Amble Links Holiday Park.Amble is a popular town situated at the mouth of the River Coquet and on the Northumberland coast. Amble is 1.6 miles south of Warkworth, 11 miles north of Ashington and 7.8 miles south east of Alnwick.DESCRIPTIONThe site currently comprises agricultural land that is to be redeveloped for residential use. The site is broadly level, with excellent road frontage and within an area that has seen a significant amount of new build development in recent years. Further development in Amble is also to come forward in the form of a new retail park that will greatly enhance the range of amenities available in the town.CHL are to deliver part of the site including 111 private dwellings, 41 affordable dwellings and the site's main access and spine road. They will also provide all mains services to site with sufficient capacity to support the entire site. The remainder of the site, amounting to 4.45 hectares (11 acres), is now being offered for sale via Informal Tender. The land consists of the northern extent of the site and maintains road frontage to Percy Drive. The precise boundary of this land is subject to agreement. This land would have capacity for up to 120 dwellings.PLANNING The benefits from outline planning permission for 272 residential dwellings (including 15% affordable homes) alongside other works necessary to facilitate the scheme [Ref: 17/01677/OUT]. The site can therefore deliver new development well suited to the local area and capable of offering a mix of family dwellings.TENUREThe site is sold freehold with vacant possessionSERVICESCHL will be responsible for delivering all mains services to the site entrance. All further on site costs are to be borne by the purchaser.TERMSWe are instructed to seek offers for the freehold interest in the property. Offers are being sought via Informal Tender with a closeing date of 1pm, Thursday 13th September 2018.Offers must state:• The proposed purchase price• Proof funding is available for the purchase• Details of the proposed residential schemeAll offers are to be made to Bradley Hall exclusive of VAT and, where silent, offers will be deemed net of VAT. Our client is not bound to accept the highest or indeed any offer.Each party is to bear their own legal costs involved in the transaction.INFORMATION PACKAn Information Pack is available from Bradley Hall and includes details of the planning permission and various technical reports that underpinned that application. These reports must be considered and reflected within all offers submitted for the site. No conditionaility will be accepted relating to the contents of this pack. Should you require any additional information on the site, please do not hesitate to contact the sole agent.