Land For Sale £950,000
The opportunity
A residential development site, with full planning permission for the demolition of two existing dwellings and associated structures and redevelopment to provide four new dwellings. The site is situated in the rural village of Coopersale, located
approximately 2 miles from Epping. Epping offers a wide range of services and is approximately 17 miles north east of London. The site is approximately 16 miles from London Stansted Airport and has excellent access to the M11 and M25.
The site
The site comprises of two dwellings and is approximately 0.06 hectares in size. The site is accessed off Brickfield Road and sits to the west of existing residential properties. The majority of the houses on Brickfield Road are two-storey and terraced, with a few semi-detached houses. The site borders Coopersale and Theydon Garnon Church of England Primary School and its associated playing fields to the south. The site is located near open parkland and Epping Forest. The surrounding landscape includes the town of Epping, residential areas, arable land, and ancient woodland making up Epping Forest.
Location
The site is well located in the village of Coopersale. The village offers a selection of neighbourhood amenities including a number of convenience stores, a primary school, a secondary school, village hall, village church and two popular country pubs. The village also offers bus links from Epping Road to Epping and North Weald. The village is peaceful and sought-after since it is surrounded by open farmland and parts of Epping Forest. The popular town of Epping is situated approximately 2 miles away and Epping underground station offers a direct central trainline into the City of London in 37 minutes. The M11 at Hastingwood and the M25 at Waltham Abbey are only a short drive away.
Planning
The site benefits from Full Planning Permission granted by Epping Forest Direct Council under reference epf/1713/20 for the proposed demolition of two existing dwellings and associated structures and redevelopment to provide four new two bedroom dwellings, associated gardens and infrastructure, subject to compliance with the conditions outlined in the Planning Decision Notice. Within the application, there is a detailed plan which includes the proposed layout for the open market dwellings of two pairs of four bedroom semi detached houses. We understand that a Unilateral Undertaking has been entered into and a Section 106 Agreement has been completed. The site is located within the Development Framework of Coopersale.
Tenure
The site will be sold Freehold with vacant possession and all Title Plans can be viewed within the legal section of the Microsite.
Guide price
Offers in excess of £950,000.
Overage
In the event that the purchaser obtains an enhanced planning permission for either a greater number of units or an overall increase in habitable floor area, an overage will become payable based upon 50% of the increase in value.
Viewings
There will be designated viewing days during the marketing period – the details for which will be disclosed in due course. Viewing by appointment only. Please contact one of the agents for further information.
VAT
The site has not been elected for VAT and therefore VAT is not applicable on the purchase price.
Tender
All tenders must be received by 12 noon on 9th January 2023 and should be emailed to the sole selling agents.
The Landowner reserves the right not to accept the highest, or indeed, any offer.
Timetable
• Informal Tender Date: 12 noon on 9th January 2023
• Post-bid interviews: 11/12th January 2023
• Preferred Bidder confirmed and issue Target Heads of Terms: W/c 16th January 2023
• Target exchange of contracts: W/c 27th February 2023
• Target Completion: W/c 31st March 2023
Further information
Should you require any further information please contact the Sole Selling Agents.
A residential development site, with full planning permission for the demolition of two existing dwellings and associated structures and redevelopment to provide four new dwellings. The site is situated in the rural village of Coopersale, located
approximately 2 miles from Epping. Epping offers a wide range of services and is approximately 17 miles north east of London. The site is approximately 16 miles from London Stansted Airport and has excellent access to the M11 and M25.
The site
The site comprises of two dwellings and is approximately 0.06 hectares in size. The site is accessed off Brickfield Road and sits to the west of existing residential properties. The majority of the houses on Brickfield Road are two-storey and terraced, with a few semi-detached houses. The site borders Coopersale and Theydon Garnon Church of England Primary School and its associated playing fields to the south. The site is located near open parkland and Epping Forest. The surrounding landscape includes the town of Epping, residential areas, arable land, and ancient woodland making up Epping Forest.
Location
The site is well located in the village of Coopersale. The village offers a selection of neighbourhood amenities including a number of convenience stores, a primary school, a secondary school, village hall, village church and two popular country pubs. The village also offers bus links from Epping Road to Epping and North Weald. The village is peaceful and sought-after since it is surrounded by open farmland and parts of Epping Forest. The popular town of Epping is situated approximately 2 miles away and Epping underground station offers a direct central trainline into the City of London in 37 minutes. The M11 at Hastingwood and the M25 at Waltham Abbey are only a short drive away.
Planning
The site benefits from Full Planning Permission granted by Epping Forest Direct Council under reference epf/1713/20 for the proposed demolition of two existing dwellings and associated structures and redevelopment to provide four new two bedroom dwellings, associated gardens and infrastructure, subject to compliance with the conditions outlined in the Planning Decision Notice. Within the application, there is a detailed plan which includes the proposed layout for the open market dwellings of two pairs of four bedroom semi detached houses. We understand that a Unilateral Undertaking has been entered into and a Section 106 Agreement has been completed. The site is located within the Development Framework of Coopersale.
Tenure
The site will be sold Freehold with vacant possession and all Title Plans can be viewed within the legal section of the Microsite.
Guide price
Offers in excess of £950,000.
Overage
In the event that the purchaser obtains an enhanced planning permission for either a greater number of units or an overall increase in habitable floor area, an overage will become payable based upon 50% of the increase in value.
Viewings
There will be designated viewing days during the marketing period – the details for which will be disclosed in due course. Viewing by appointment only. Please contact one of the agents for further information.
VAT
The site has not been elected for VAT and therefore VAT is not applicable on the purchase price.
Tender
All tenders must be received by 12 noon on 9th January 2023 and should be emailed to the sole selling agents.
The Landowner reserves the right not to accept the highest, or indeed, any offer.
Timetable
• Informal Tender Date: 12 noon on 9th January 2023
• Post-bid interviews: 11/12th January 2023
• Preferred Bidder confirmed and issue Target Heads of Terms: W/c 16th January 2023
• Target exchange of contracts: W/c 27th February 2023
• Target Completion: W/c 31st March 2023
Further information
Should you require any further information please contact the Sole Selling Agents.
