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Coates Road, Coates, Whittlesey, Cambridgeshire, PE7 2BE

Offers Over £2,000,000

Brochure

Key Information

Tenure:Not available
Council tax band:Not available
Broadband:up to 80Mbps
Mobile signal:*Based on indoor data coverage
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Key Features

Residential development site with planning permission for 60 dwellings

Description

Residential development site with planning permission for 60 dwellings

DESCRIPTION
Excellent opportunity to acquire this development site which has outline planning permission granted for 60 dwellings, situated on the outskirts of this popular Fenland village, a short drive from the City of Peterborough. The land is approximately 6.85 acres and there is also the opportunity to acquire further land which may be suitable for further development.

PLANNING
Planning was granted by Fenland District Council on 8th March 2022 under reference F/YR17/0507/O for the erection of up to 60 dwellings (Outline with matters committed in respect of access only)

There are a number of planning conditions which apply which are available from the sellers agent or directly from Fenland District Council website. Documents can also be downloaded from the property portals if required.

TITLE & TENURE
The land is registered and can be identified under Title Numbers  CB172634, CB172942, CB141855 and CB424323.  There will be vacant possession upon completion.

METHOD OF SALE
The property is for sale by Private Treaty

OFFERS
Offers are invited for the freehold of the site. All offers will need to be confirmed in writing to the sellers sole agent and include the following:

1 -  Confirmation that the offer is only subject to contract and reserved matters
2 - Confirmation of understanding of any S106 Requirements.
3 - Proof of Funding.
4 - Details of solicitors to be instructed on the purchase.
5 - Details of the anticipated timescales for reserved matters, exchange and completion.
6 - Confirmation of a 10% deposit on exchange of contracts.

All offers are to be submitted to Bovingdons Limited.

RESTRICTIVE COVENANTS
We are not aware of any restrictive covenants that affect the site but prospective buyers are advised to seek clarification before legal commitment, particularly as it is close proximity to a historical building. 

SERVICES
All prospective purchasers are to make their own enquiries as to the location/provision of services.

WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The land is to be sold subject to all existing rights of way, public or private, light support, drainage, water and electricity supplies and allotted rights and obligations, easements, quasi easements and all wayleaves whether referred to or not in the sales particulars. Purchasers will be deemed to have full knowledge and satisfied themselves as to the provisions of any such matters which may affect the property

VAT
Should any sale of the land or any right attached to it become chargeable for VAT, then such tax will be the liability of the purchaser to settle in addition to the purchase price.

VIEWINGS
Viewings - Whilst the site is visible from the roadside, all viewings are to be agreed via the seller’s sole agent.

NOTE
It should be noted that a National house builder has been proceeding with a potential purchase for the last 12 months and has recently commissioned a number of reports but are unable to proceed further and subsequently these will be made available at the request of serious bidders.  There is also the opportunity to purchase further land to the south of the site as this is in the same ownership. The reserved matters are due in early 2025 but the sellers will commence these if no buyer is found prior.

 

Arrange Viewing

Coates Primary School
(0.31 miles)
Good
Number of pupils: 182
Age Range: 5 - 11
New Road Primary & Nursery School
(1.46 miles)
Requires Improvement
Number of pupils: 164
Age Range: 2 - 11
Alderman Jacobs School
(1.65 miles)
Good
Number of pupils: 684
Age Range: 3 - 11
Sir Harry Smith Community College
(1.68 miles)
Good
Number of pupils: 1089
Age Range: 11 - 18
Park Lane Primary & Nursery School
(2.41 miles)
Good
Number of pupils: 471
Age Range: 3 - 11
The Duke of Bedford Primary School
(4.3 miles)
Good
Number of pupils: 209
Age Range: 4 - 11
Park House
(4.38 miles)
Good
Number of pupils: 24
Age Range: 6 - 19
Benwick Primary School
(5.09 miles)
Requires Improvement
Number of pupils: 103
Age Range: 4 - 11
Heritage Park Primary School
(5.39 miles)
Outstanding
Number of pupils: 212
Age Range: 4 - 11
Eye CofE Primary School
(5.52 miles)
Good
Number of pupils: 419
Age Range: 4 - 11

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ10,523 /mo.25 Years, 5% Interest
Loan
ÂŁ1,800,000
Total Repay
ÂŁ3,156,786

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ151,250
0% up to ÂŁ250,000
5% between ÂŁ250,000 and ÂŁ925,000
10% between ÂŁ925,000 and ÂŁ1,500,000
12% above ÂŁ1,500,000
Your effective stamp duty rate is 7.56%
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