Land for sale in Poole, Wellington TA21

This is a fantastic opportunity to acquire a development site with the benefit of outline planning permission (Ref.43/23/0056) for up to 200 dwellings situated on the northern edge of this popular Somerset town. The planning permission is for a mixed-use development scheme of up to 200 dwellings, employment land (use Class E & F) an internal spine road to facilitate the new railway halt/station, public open space, drainage and associated infrastructure, however, we are only currently marketing the residential element for up to 200 dwellings (although offers for the whole may be considered).

Due to the time constraints within the S106 legal agreement, the Promoter is preparing a reserved matters planning application for the spine road and associated works and intends to submit this application prior to the deadline specified within the S106 agreement. They will also be obtaining Tenders for the road construction and associated works, although it is hoped that these works will be taken on by the purchasing developer as part of the sale to simplify the sale contract.

The proposed residential element of the scheme extends to approximately 7.71 hectares (19.05 acres) with the net-developable area for residential being approx. 4.78 hectares (11.81 acres), as highlighted in blue on the illustrative layout plan. The land is former agricultural land, although part of the eastern field has recently been developed by Lidl and the access road into the Lidl store forms part of the initial spine road from Nynehead Road.

The Promoter has reserved phosphate credits through wci which have been allocated to this development and the credits are being acquired by the Promoter. Therefore, all bids should make no allowance for future payments for the cost of these credits as they will form part of the sale. There is no cil liability for this site and no (0%) affordable housing requirement.

Wellington

This historic market town is situated just 7 miles southwest of Taunton on the old A38, near the border with Devon which runs along the Blackdown Hills (aonb) to the south of the town, it is also within close proximity to Exmoor National Park to the northwest. There are great communication links with the M5 J26 just a couple of miles to the east & J27 just 9 miles along the old A38 to the southwest. There is also a main railway line running along the northern edge of the town, with a new station due to be constructed adjacent to this development site, with the new access road being constructed as part of the development of this site. The previous railway station for the town on the Bristol and Exeter Railway ran from 1843 to 1964. The town itself is a vibrant old market town with a wealth of shops, pubs, restaurants and cafés, plus a unique 1930's cinema which was recently restored. It also has primary schools, Court Fields School (secondary school), Wellington School (public school), sports centres, many active sporting clubs, a restored Edwardian landscaped gardens, medical centre, community hospital, business parks, supermarkets, etc...

Utilities

Certain information relating to Wessex Water Assets, National Grid info & Wayleave agreement and consent is contained within the Planning & Technical pack, however, all interested parties must make and rely upon their own enquiries of the relevant utility companies in relation to the servicing of the site.

Easements and relevant rights will be retained by the sellers to connect/upgrade, etc... For the commercial element of the site in the future. We also understand that there is a requirement for a surface water connection point to the drainage lagoons for the future use of the railway station, with specified run-off rates.

Method of sale

Offers are invited by informal tender process for the proposed residential element of this freehold property. It is to be sold as a whole to a single purchaser and on an unconditional basis. The deadline for submission of bids is midday on Friday 11th October 2024.

Please note that all bids should make no allowance for future payments for the cost of the Phosphate credits as they will form part of the sale.

Bids can be submitted either by:

* Email

or

* In hard copy to: Philip Taverner, klp, Newcourt Barton, Clyst Road, Topsham, Exeter, EX3 0DB. All offers should be clearly marked "Informal Tender - Wellington".

The vendors and their agents may wish to interview interested parties following the bid submission date before selecting a preferred bidder.

VAT

Prospective bidders should note that the site has been elected for VAT which will be charged in addition to the sale price.

Viewing

Please contact Philip Taverner at klp to arrange a viewing.

Planning & technical

Somerset Council granted Outline planning permission (Ref.43/23/0056) on 27th August 2024, for up to 200 dwellings with all matters reserved, except for access. The application is for a mixed-use development of up to 200 dwellings, employment land (Use Classes E & F) an internal spine road to facilitate a rail halt/station, public open space, drainage & associated infrastructure on land north of Taunton Road, Longforth Park, Wellington.

There is a Section 106 legal agreement which includes various contributions which total approximately £2,600,000 (index linked), full details of the S106 and the required contributions can be found in the planning and technical pack.

There is no (0%) affordable housing requirement.

There is no (zero) cil Liability for this site.

The Promoter has reserved phosphate credits through wci which have been allocated to this development and the credits are being acquired by the Promoter.

A full technical pack including copies of the planning papers, permission, S106 agreement, utility information, topographic survey, ground report, etc... Is available from the agents.