Summary
A residential development site with the benefit of planning permission for the erection of 6x 1 bedroom flats for sale in Reading
Location
The site lies on the south side of Cressingham Road, equidistant from its junction with Shinfield Road to the east and Northumberland Avenue to the west, in a residential location in the south of the sought-after Berkshire town of Reading.
The popular suburbs of Lower Earley and Whitley with their multiple facilities lie approximately 1.0 mile to the east and 1.5 miles to the west respectively. The University of Reading lies approximately 1.0 mile to the north east, whilst the major commercial hub that is Reading town centre lies approximately 2.0 miles to the north.
The immediate vicinity provides a mix of two storey semi-detached and detached houses.
From December 2019 the 14.8bn Crossrail service will be departing from Reading twice hourly, providing direct services through the city of London to Shenfield, with Bond Street accessible in under one hour.
Crossrail will deliver cutting edge, high capacity trains which will help reduce overcrowding at peak times and provide a cleaner, more environmentally friendly rail service into central London.
We would refer you to the location plan within the Particulars of Sale for further information.
Description
A copy of an Ordnance Survey Extract Plan within the particulars of sale shows the approximate boundaries of the property edged in red.
The property comprises a relatively level, irregular shaped parcel of previously developed land of approximately 0.16 hectares (0.38 acres). The previous residential building occupying the site has been demolished and the land has been cleared.
The property is contained by a mixture of post and wire fencing, wooden panel fencing and hedging and is bordered by Cressingham Road at its northern boundary, Birdhill Avenue at its eastern boundary and two storey residential properties at its southern and western boundaries.
Access to the land can be achieved from Cressingham Road.
Archaeology surveys have been undertaken and will be available to potential purchasers.
We would refer you to the photographs of the property for further information.
Tenure
The property will be sold freehold with full vacant possession given on completion.
Services
We understand that mains electricity and water services are within the vicinity for connection to the property. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.
Planning
The property has been granted planning permission for the “erection of 2 new buildings containing 6x 1-bed flats with associated car parking and landscaping” which was granted on 27th March 2018 (application reference: 171231). All reports, drawings and documents relating to this planning permission are included in the Technical Information Pack within the Data Room.
The planning permission is subject to a Section 106 Legal Agreement dated 27th March 2018 requiring an affordable housing contribution of £20,000 (index linked) payable to Reading Borough Council.
The planning permission is subject to a Community Infrastructure Levy (CIL) requiring financial contributions totalling £12,873.51 (index linked) payable to Reading Borough Council.
For the avoidance of doubt, the purchaser will be responsible for payment of all financial contributions payable under the S106 Agreement and CIL.
Any planning queries should be directed to the Local Planning Authority: Reading Borough Council.
Technical Information Pack
A copy of the technical information pack is accessible via our Data Room. Login details are available upon request.
Accommodation Schedule
An accomodation schedule is included with the particulars of sale.
Method of Sale
The site is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the site from sale or to vary the method of sale at any time without notice. In the event that a number of competitive offers are received, the vendor reserves the right to request 'best and final' offers from selected parties.
Full details of the method of sale can be found within the particulars of sale.
Written offers for the property are invited by 12 Noon on Thursday 13th September 2018.
Viewing and All Other Enquiries
All enquiries should be directed to the vendor’s sole agent.
Viewings of the property will be strictly by appointment only. Please note that parties must not enter the property without our prior authority and any inspection of the site is at the prospective purchaser’s risk.