Serviced Greenfield Development Opportunity in Prime Vale of Glamorgan Village
Cottrell Gardens comprises a residential development site with planning permission for 120 new homes. The first phase of 40 homes was developed by an SPV controlled by Acorn. As part of the first phase of the development, works to the adjoining adopted highway and at the off-site sewerage treatment plant were completed to deliver capacity for the development, as well as the completion of on-site roads, services and public open space, with a small amount of work ongoing to complete remedial items. The property available for sale incorporates the remaining development plot comprising Phase 2 which benefits from roads and utility services to the site boundary. Phase 2 comprises 56 open market houses (including Plot 2 which is located on the Phase 1 development), 18 social rented units (including Plots 47-50 which are located on the Phase 1 development) and 6 low cost home ownership units. The site area is approximately 10.8 acres (4.37 ha). The sale will also include the roadways, areas of public open space and residual land that from part of the Phase 1 development. Whilst technical approval has been obtained, the roads and public open space are not proposed for adoption and instead are intended to be vested in the management company. A section 104 agreement in place for Phase 2 with an independent drainage connection point located at the south western corner of the site. An aerial video of the development is available in the technical information pack.