Land Available in Wellingborough

Size

Site Area: 35 acres/14.16 hectares

Property Description

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. £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 “reserved matters” and “delivery of serviced parcels”. * Deferred payment profiles are acceptable to assist with return on capital employment hurdles. Offers are sought for individual parcels.

Terms

Detailed terms on application

Agent's Disclaimer

There are no plans available to view for this property. Contact the agent for further information

Property Location

Glenvale Park is located to the north of Wellingborough, Northamptonshire. Wellingborough forms part of the growth region of North Northamptonshire, along with the towns of Kettering and Corby, which has strategic significance within Central Government. Surrounded by towns including Northampton, Milton Keynes and Bedford, the location is well served by an excellent road network accessed via the A45, including the M1 (J15/15A) to the North and South and the A14 (J9) to the East and West.

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