SizeSite Area: 35 acres/14.16 hectares
In January 2015, the Promoters submitted a reserved matters application for the first phase of the development of Glenvale Park relating to plots R1,R2 & R3 (planning ref WP/15/00015/ REM). The application is due to be determined at Planning Committee in June 2015. The application seeks detailed consent for access, appearance, layout, scale and landscaping across the parcels. It should be noted there is no requirement for house builders to build-out these schemes, however, should this be the preference, the layout plans and copyright can be novated. The residential plots in the initial launch are detailed below, including indicative capacity based on the reserved matters application at R1, R2 and R3 and indicative density at c. 15.5 units per acre at R5 & R6. The local centre and primary school will also be delivered alongside these initial parcels by the promoter. There is significant interest in the local centre from a variety of high quality occupiers.
Planning and Development information:The plot(s) are to be sold as fully serviced parcels, whereby the Promoter, Northants LLP, will commit to deliver all necessary services to the boundary at an agreed point, along with highways realignment to individual phases; 10% affordable housing is to be provided in each phase; A restructured s106 is being finalised with a financial contribution of c. Â£10,000 per unit, payable on a roof tariff basis.The initial residential parcels are being offered on the following basis: * Fully serviced parcels are anticipated to be ready for commencement mid-2016. * Offers are sought subject to â€œreserved mattersâ€ and â€œdelivery of serviced parcelsâ€. * Deferred payment profiles are acceptable to assist with return on capital employment hurdles. Offers are sought for individual parcels.
Detailed terms on application