For Sale - Exceptional Commercial Development Opportunity
The site comprises 5.69 hectares (14.06 acres) of airfield surrounding two sections of redundant airport taxi way. A road junction with the B4063 has been constructed along with the estate road on the north eastern boundary. The site will be fully fenced and enclosed.
Foul and surface water drainage strategies have been approved and conditions discharged. The site benefits form attenuation tanks with capacity for the entire site and a pumping system to point of discharge.
1665 KVA power supply will be energised by November 2022 to the site via two substations, power distribution and the grid-connection offer are available in the Data Room.
Unconditional offers are sought for the grant of a new long leasehold for 150 years at a peppercorn rent.
Additionally, the Landlord invites proposals for a land swap transaction in which the successful developer delivers an institutional specification warehouse on part of the site with the balance of the site transferred to the developer on 150 year long leasehold for their own retained development.
The property delivered to the Landlord must have a potential rental income in excess of £500,000 pa.
The site has outline planning consent for a new business park development including:
i) Full permission for the provision of new site access off the B4063, internal estate roads and associated infrastructure.
ii) Outline permission for mixed use development comprising of Class B1(c), B2 and B8 employment uses.
The granting of the planning consent has resulted in the removal of the site from greenbelt and provides a unique opportunity to acquire an employment site within the Gloucester/Cheltenham conurbation.
The S106 has been signed and completed with total contributions to be borne by the
S278 works have been agreed and will be completed with an internal site access road along the north eastern boundary.
The site will further benefit from the proximity to the strategic objectives of the Golden Valley Development Supplementary Planning Document, the main benefit is the infrastructure improvements to Junction 10, M5, 5 miles to the north.
The planning consent 20/00758/FUL dated 17th August 2020 can be viewed at www.tewkesbury.gov.uk/planning
Ground investigation reports and remediation strategy are available within the Data Room.
There is limited supply of development land across the Cheltenham/Gloucester area. The resulting limited supply of modern accommodation coming to the market has constrained an element of take up however, the subject site provides a unique opportunity to tap into this supply/demand dynamic.
Price on application.
Strictly by appointment. Please contact the sole agents - Savills.