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12
ref: 24450

Development Opportunity For Sale

Available
Marketing
Price
£6,500,000 (€7,413,250 approx)
Location
Land off Mere Side, Mere Side, Soham, Ely, CB7 5EB
Property Type
Development Opportunity
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DESCRIPTION


The subject property extends to approximately 7.2 acres (2.91 ha). The site is of an irregular shape wrapping around the existing urban townscape with three access points on Mere Side via Spencer Grove, Prescient Engineering Ltd at 28 Mere Side and station Road on the southern boundary. The site is bounded by semi-detached and detached dwellings along its eastern boundary –along the western boundary is a railway line with a new station proposed adjacent to the property. Land off Mere Side has been allocated within East Cambridgeshire’s local plan as a planned strategic housing location and historically, a portion of the site has received a positive pre-application dialogue with the local planning authority (LPA), as well as a Resolution to Grant planning consent for a development of over 30 dwellings in 2016.


KEY FEATURES



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Opportunity Summary
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Historic resolution to grant planning consent for a 31-unit housing development on a portion of the site (Planning Ref. 16/01804/FUM)
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The property forms part of land allocated for ‘housing led mixed-use development’ as per the SOH 3 allocation within the East Cambridgeshire Local Plan.
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Opportunity to purchase a development opportunity next to a newly proposed railway station with direct links to Peterborough and Ipswich via Cambridge.
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‘Offers invited in excess of £6,500,000’ either unconditionally or on a ‘Subject to Planning’ basis.

LOCATION


The site is located to the south-west of Mere Side, a quiet residential road in Soham, East Cambridgeshire. The road connects with Broad Piece to the north and Station Road to the south. Soham is a small town in East Cambridgeshire with a population of approximately 10,860. The subject property is positioned five hundred metres (5 minute walk) from the centre of Soham. The high street has a strong retail offering with a number of blue chip companies such as Asda and Lloyds Pharmacy. In addition, there are a number of High Street banks, a post office and a library. Other nearby attractions include a mix of restaurants, bars and pubs. In the wider vicinity there is South Angle Farm Park and SohamTown Rangers Football Club. Finally, there are also a number of schools including The WeatherallsPrimary School and SohamVillage College.


PLANNING


The property is allocated within policy area SOH 2 as part of East Cambridgeshire’s April 2015 Local Plan as a ‘Housing led / mixed use’ allocation for strategic development. An element of the site has achieved a resolution to grant planning consent for over 30 dwellings via a recent planning application in 2016 –the Section 106 agreement has yet to be signed (Ref: 16/01804/FUM).
As part of this historic application, the vendors have undertaken a number of relevant surveys that relate to the subject sale. These have been obtained to extradite a purchasers route to achieving a planning permission.
The surveys have been made available to prospective buyers and are comprised of the following;
Ecological / heritage statement
Arboriculture survey
Traffic impact assessment
Topographical survey
Landscape impact assessment
Highways assessment

Available upon request.
MITIGATION LAND
A number of ecological constraints are present on the property which will need to be duly considered within any planning application for redevelopment. The vendors have purchased mitigation land to the north west of the property to serve as a donor site for all ecology that may need to be moved.
This land is approximately 0.1 miles to the north and is approximately 1 acre in size. The land provides a remedy for the ecological issues as highlighted within application Ref -16/01804/FUM.
This land is to be included within the sale amount.


TENURE


Freehold


TERMS


Offer invited unconditionally or subject to planning.


VAT


Not VAT elected.


BID DATE


6th December 2018


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 26/04/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

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