Addison Road, Steeple Claydon

SOLD - A development opportunity

A parcel of flat ground on just over a quarter of an acre with a bungalow located centrally on the land.

Offers are invited on a conditional basis based on the opportunity to apply for planning permission to redevelop the site.

Historically a planning application was made (in 2018) on an outline basis for permission to build five new homes following demolition of the existing property. The application was appealed for non-determination in time by the local authority by the applicant and was dismissed for lack, essentially, of material back up contributions to support the application. The impression given by the inspector and indeed the local authority was that a properly presented planning application would have a good chance of being approved.

Situated in a popular expanding village this is quite a rare opportunity.

Conditions of Contract

A planning application to be made within three months of a conditional exchange.

Long stop date of 18 months from conditional exchange of contracts.

Purchase must be completed within 4 weeks of the planning authority giving written permission for redevelopment of the site.

A deposit, non-returnable but deductible of £10,000 paid on exchange of conditional contracts plus a £2500 agent monitoring fee covering the duration of the planning application.

Taylor and Co New Homes to be instructed on a sole agency to sell the constructed units on the open market at 1.5% + VAT.

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