Description
The site is approximately 1.06 ha (2.47 acres) and broadly rectangular in shape.

The subject site is located immediately south of the Hambrooks Garden Centre. The site is predominantly surrounded by residential development and care homes. Directly west of the property are large destination retail occupiers such as B&Q, Curry’s, Halfords, Pets at Home and Carpet Right. The site is flat, mainly grassland with a detached 1.5 storey property situated in the North Western corner.

Planning
The site achieved planning permission for the development of up to 39 dwellings with associated infrastructure, landscaping open space and access, including demolition of existing buildings (all matters reserved except for access) in November 2022 (P/19/1322/OA).

The proposed development equates to a density of 37 dwellings per hectare (dph) with an onsite affordable housing provision of 40%. The illustrative masterplan demonstrates the intended amount and location of residential development, the positioning, structure and hierarchy of the road network, the location of open spaces and the overall landscape framework therefore showing thpotential to increase density above the 37 dph. In addition to this the local authority have commited to adopting the highway once the land to the north gets developed.

This would free up land in th north east corner which would enable additional units to be created (STP). The Local planning Authority is Fareham Borough Council. There is little relevant planning history for the site, however the planning committee has recently resolved to grant outline planning permission in respect of land east of Southampton Road, Titchfield, for the proposed erection of approximately
105 no. dwellings (P/18/0068/OA) (dated 12/12/2018)(The Reside Scheme).

Community Infrastructure Levy (CIL)
We understand that the site is designated as residential, falling within Class C3(a) & (c) and C4 as identified in the LPA’s adopted CIL charging schedule. The net additional residential floor space is charged at £105 psm and will need to be indexed in accordance with the BCIS All-In Tender Price Index. The
existing structures total approximately 256 sqm which can be deducted from the CIL calculation.

Section 106
The section 106 dated 25 November 2022 is available on request. The approximate financial contribution set out under this agreement is £327,000 (not indexed), this figure excludes the psm calculation for the Buffer Maintenance Contribution at £17.20 psm (Schedule 4 of S106). All interested parties are to complete due diligence to satisfy themselves of the S106 costs.

Nitrate Mitigation
The total nitrate mitigation required for the site is 37.08 kgN/yr. A nitrate mitigation strategy has been agreed details can be found on the planning decision notice (Condition no. 23). A payment of £ 190,400 (plus VAT) will be required from the purchaser for the Nitrate Mitigation land.

Tenure
The site is offered freehold with vacant possession.

The site is made up from Freehold Titles; HP537348, HP829399, HP829440, HP537742 and HP829398.

Services
Interested parties should complete their own due diligence with regard to services.

Access
There are currently two small tarmacked accesses to the site along Southampton Road (A27). They serve a single residential bungalow and static caravan park to the north of the site, due for demolition.

Method of Sale
The site is offered for sale by informal tender on a conditional and unconditional basis as a whole. Offers should be submitted via email to Adam Bullas - abullas@savills.com and / or Katharine Hassan - katharine.hassan@savills.com.

Viewings
Viewings are strictly by appointment with Savills.

VAT
The vendor has elected to waive the VAT exemption in respect of the property. VAT will therefore be payable in addition to the purchase price.

AML
In accordance with anti-money laundering regulations, the successful purchaser will be required to provide identification documents upon request and without delay.