Land For Sale £900,000
The opportunity
The site is being offered for sale freehold with vacant possehttps://www.carterjonas.co.uk/property/CCN210ssion, a positive pre app took place with Cambridge City Council. The Owners preference is for an unconditional sale however consideration will be given to bids on a subject to planning basis. Parties are encouraged to bid on both basis if they wish to. The informal tender will take place at 12 noon on Wednesday 11 August 2021
The site
The site is located between Northfield Avenue and Cameron Road. The site currently comprises the car park to the vacant Ship Public House.
The site extends in total to circa 0.455 acres (0.18 hectares).
There are no distinguishing physical features to the site. The site’s vehicle access is from Cameron Road.
The site is located to the north of Cambridge in a predominantly residential area with excellent access to the Cambridge Science Park, Cambridge City centre, Cambridge North railway station and the A14 and hence the regional road network.
Planning
A planning application has been submitted on the adjoining Ship ph showing how it can operate without its former carpark and how best to minimise its effect on any potential residential development on it.
A positive pre app has been undertaken and we are expecting the Cambridge City Councils formal response soon. An internal note from Carter Jonas planning team will be in the dataroom together with an original indicative plan and amended one following the pre app.The Cambridge City Council Pre App advice will be added as soon as it is available
Following the pre app a number of slight amendments to a potential scheme have been incorporated and an indicative set of plans have been prepared. The revised scheme comprises:
• 3no 3 bedroom houses each 1,001 sq ft
• 2no 2 bedroom houses each 812 sq ft
• 1no 2 bedroom flat 707 sq ft
• 3no 1 bedroom flats each 538 sq ft
Cambridge City is not a cil charging authority and the site will not require a Section 106 Agreement. The indicative scheme will not require any affordable housing as it falls below the threshold of 10 units.
Tenure
The site is being offered for sale freehold. A copy of the Land Registry information will be included in the data room.
Price
Offers are invited for the freehold interest.
VAT
The site has been elected for VAT and will therefore be charged on the sales price.
Tender
All tenders must be received by 12 noon on Wednesday 11th August 2021 and include in the header “Informal Tender for Land South of the Ship Public House, Northfield Avenue, Cambridge, CB4 2LG” and be emailed to:
The Landowners reserve the right not to accept the highest, or indeed, any offer.
Post Bid Interviews
All parties to be available for interviews on Wednesday 18 August 2021
Commercial terms
The owners are ideally seeking unconditional offers with completion by 27th September 2021.
If a Subject to Planning approach is adopted, a number of key points will be required:
• The initial contract period will be for between 12-18 months.
• An automatic extension for a further 12 months if a planning application or planning appeal decision is outstanding will be allowed for.
• All costs involved in the planning application to be borne by the Successful Bidder.
• All reports should either be commissioned in the joint names of the Successful Bidder and the Owner or the Owners will be granted full rights to use the reports if the developers do not acquire the site.
• The Successful Bidder will be under an obligation to submit a planning application within 6 months of entering the conditional contract.
• The Successful Bidder will have the right to submit multiple planning applications.
• The Successful Bidder will pay Carter Jonas £5,000 + VAT on entering into the conditional contract (this payment will not be deducted from the ultimate sale price).
Data room
A microsite for additional information has been created, which includes Planning information the Land Registry information and the informal tender bidding pro forma and access details are available from the selling agent.
The site is being offered for sale freehold with vacant possehttps://www.carterjonas.co.uk/property/CCN210ssion, a positive pre app took place with Cambridge City Council. The Owners preference is for an unconditional sale however consideration will be given to bids on a subject to planning basis. Parties are encouraged to bid on both basis if they wish to. The informal tender will take place at 12 noon on Wednesday 11 August 2021
The site
The site is located between Northfield Avenue and Cameron Road. The site currently comprises the car park to the vacant Ship Public House.
The site extends in total to circa 0.455 acres (0.18 hectares).
There are no distinguishing physical features to the site. The site’s vehicle access is from Cameron Road.
The site is located to the north of Cambridge in a predominantly residential area with excellent access to the Cambridge Science Park, Cambridge City centre, Cambridge North railway station and the A14 and hence the regional road network.
Planning
A planning application has been submitted on the adjoining Ship ph showing how it can operate without its former carpark and how best to minimise its effect on any potential residential development on it.
A positive pre app has been undertaken and we are expecting the Cambridge City Councils formal response soon. An internal note from Carter Jonas planning team will be in the dataroom together with an original indicative plan and amended one following the pre app.The Cambridge City Council Pre App advice will be added as soon as it is available
Following the pre app a number of slight amendments to a potential scheme have been incorporated and an indicative set of plans have been prepared. The revised scheme comprises:
• 3no 3 bedroom houses each 1,001 sq ft
• 2no 2 bedroom houses each 812 sq ft
• 1no 2 bedroom flat 707 sq ft
• 3no 1 bedroom flats each 538 sq ft
Cambridge City is not a cil charging authority and the site will not require a Section 106 Agreement. The indicative scheme will not require any affordable housing as it falls below the threshold of 10 units.
Tenure
The site is being offered for sale freehold. A copy of the Land Registry information will be included in the data room.
Price
Offers are invited for the freehold interest.
VAT
The site has been elected for VAT and will therefore be charged on the sales price.
Tender
All tenders must be received by 12 noon on Wednesday 11th August 2021 and include in the header “Informal Tender for Land South of the Ship Public House, Northfield Avenue, Cambridge, CB4 2LG” and be emailed to:
The Landowners reserve the right not to accept the highest, or indeed, any offer.
Post Bid Interviews
All parties to be available for interviews on Wednesday 18 August 2021
Commercial terms
The owners are ideally seeking unconditional offers with completion by 27th September 2021.
If a Subject to Planning approach is adopted, a number of key points will be required:
• The initial contract period will be for between 12-18 months.
• An automatic extension for a further 12 months if a planning application or planning appeal decision is outstanding will be allowed for.
• All costs involved in the planning application to be borne by the Successful Bidder.
• All reports should either be commissioned in the joint names of the Successful Bidder and the Owner or the Owners will be granted full rights to use the reports if the developers do not acquire the site.
• The Successful Bidder will be under an obligation to submit a planning application within 6 months of entering the conditional contract.
• The Successful Bidder will have the right to submit multiple planning applications.
• The Successful Bidder will pay Carter Jonas £5,000 + VAT on entering into the conditional contract (this payment will not be deducted from the ultimate sale price).
Data room
A microsite for additional information has been created, which includes Planning information the Land Registry information and the informal tender bidding pro forma and access details are available from the selling agent.
Land For Sale Ashcroft Court
Land For Sale Cameron Road
Land For Sale Northfield Avenue
Land For Sale Emperor Court
Land For Sale Legate Walk
Land For Sale Legion Court
Land For Sale Consul Court
Land For Sale Wynford Way
Land For Sale (underpass)
Land For Sale Cratherne Way
Land For Sale Aragon Close
Land For Sale Apollo Way
Land For Sale Neptune Close
Land For Sale Craister Court
Land For Sale Tribune Court
Land For Sale Edgecombe
Land For Sale Cameron Road
Land For Sale Northfield Avenue
Land For Sale Emperor Court
Land For Sale Legate Walk
Land For Sale Legion Court
Land For Sale Consul Court
Land For Sale Wynford Way
Land For Sale (underpass)
Land For Sale Cratherne Way
Land For Sale Aragon Close
Land For Sale Apollo Way
Land For Sale Neptune Close
Land For Sale Craister Court
Land For Sale Tribune Court
Land For Sale Edgecombe
