About this property

Detailed Description

An opportunity to acquire residential development land totaling 0.87 Hectares (2.15 Acres) with a Resolution to Grant outline planning consent for the development of fourteen dwellings, including 5 affordable, with associated access, parking, and landscaping.

PLANNING PERMISSION
The land received Resolution to grant Outline Planning Permission by Mid Suffolk District Council for the development of fourteen dwellings, each with associated access, parking, and landscaping. A section 106 Agreement is now being fIinalised with Mid Suffolk District Council. Planning Reference Number DC/21/04987.

A copy of the draft planning conditions and the draft section 106 Agreement is provided in the data room. The formal decision notice and signed Section 106 Agreement will be circulated immediately following receipt. The Planning Application can be viewed on the Council's website link:

https://planning.baberghmidsuffolk.gov.uk/online-applications/caseDetails.do?caseType=Application&keyVal=QZ4GNMSHKHK00

A Data Room for the proposed development can be found at: https://www.manoroakhomes.co.uk/sale-packs/bury-road-beyton/. Please contact the vendors Agent for the password.

Further details are also available from the Vendors agent upon request.

EASEMENTS, WAYLEAVES & RIGHTS OF WAY

The land is sold subject to and with the benefit of all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements and all wayleaves whether referred to or not in these Particulars.

The Vendors will require a right of way to the southern boundary of the site, to access their retained land. The vendors will also require the right to lay and connect into services within the property.

METHOD OF SALE
The property is offered for sale by Informal Tender.

OFFERS TO BE RECIVED BY 12 NOON ON FRIDAY 16TH DECEMBER 2022

Offers should be clearly marked "Development Land at Beyton", for the attention of Nicholas Staton. Offers by email will be preferable and should be sent to nicholas.staton@brown-co.com.

Unconditional offers should be made in pounds sterling and no reference should be made to other offers. The offer should contain the following:

1. Details of the Purchaser's Solicitor
2. Confirmation of who the Purchaser will be
3. Confirmation and proof that the funds are available to exchange and complete the transaction in the required timescale.
4. Confirmation of any conditions which the offer is subject to
5. Confirmation that Main Board approval has been given where required.

The Vendors reserve the right not to accept the highest offer or
any other offer received.

Location

The development site is located off Bury Road, Beyton, IP30 9AW, 6.5 miles from Bury St Edmunds. The development site is situated on the western edge of the village of Beyton.

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.

Services

Prospective purchasers are advised to make their own enquiries with the relevant service providers.

More information on the services and drainage strategy is available in the planning application documents/Data Room.

Viewing

Viewings are strictly by prior appointment only with the selling agent.

VAT

The Vendors reserve the right to charge VAT on the sale price as they are in the process of Opting to Tax the land.

Terms

Exchange of contracts to take place 28 days after receipt by the Purchaser's Solicitor of the draft contract and completion will be 28 days after exchange or earlier by agreement. A 10% deposit will be payable on exchange of contracts.