The Opportunity The site extends to approximately 55.4 acres (22.4 hectares) with good links to the existing town and Midlands road network. It benefits from an allocation for residential development within the Adopted Nuneaton and Bedworth Local Plan.  A Concept Plan for the site has subsequently been adopted as Supplementary Planning Guidance.
Development Partner The landowner is seeking a development partner to obtain planning permission in order to maximise the land value of the site in a future sale. Offers are invited by 12 noon 30th July 2021 from specialist Land Promoters and strategic Development Companies. It is envisaged that the basis of an agreement will be either by way of a Promotion Agreement or Hybrid Promotion and Option Agreement. Further information is available within the  dataroom for evaluation. Bidding parties are required to complete a bidding proforma.  The Landowner will select a preferred development partner to meet their objectives.
Location The site lies to the west of the market town of Bedworth, within the Borough of Nuneaton and Bedworth.  Situated between Coventry and Nuneaton with excellent transport connections to the West Midlands area and beyond via the M6 motorway (junc. 3).  Local Amenities include; town centre shopping, a leisure centre, recreation ground, excellent schools and a railway station. Further amenities are available in nearby Coventry which is the 2021 ‘City of Culture’.
Adopted Plan Nuneaton and Bedworth Borough Council adopted ‘The Borough Plan 2011-2031’ on 11th June 2019.  On adoption the site was removed from the Green Belt in accordance with Policy
At least 398 dwellings Sports, leisure and play facilities Expansion of Newdigate Primary school Offsite financial contributions New District Centre
DS7. The site is allocated as a strategic site for residential development under Policy DS5.  The site is identified as ‘Hospital Lane’ under site reference: HSG5.
Policy SA1 outlines the principles of development on strategic sites including the creation and adoption of Concept Plans for each of the strategic sites as Supplementary Guidance to sit alongside the Borough Plan.
Policy HSG5 – Hospital Lane details the site-specific development principles and form of development. These include:
Concept Plan The Supplementary Planning Document ‘Concept Plan for Strategic Allocations: HSG5, Hospital Lane' was adopted on 16th July 2020 and is available on the Planning Authority's website.  A copy is available within the dataroom.
Affordable Housing Policy H2 of The Borough Plan states that the Council will seek to negotiate 25% affordable housing on residential development schemes. This is expected to be delivered on site and with tenure and mix to meet requirements as assessed from the Housing Register and Strategic Housing Market Assessment.  An Affordable Housing SPD was adopted on the 16th July 2020.

 

Community Infrastructure Levy The Local Authority consulted on a draft Community Infrastructure Levy charging schedule in October 2020.  Strategic residential sites identified in the Borough Plan attract a £0 rate in the draft schedule. The Local Development Scheme outlines a timetable for adoption in September 2021.
Ownership The site is in the single ownership of a Charitable Trust - Land Registry Title Number WK515374. Further information on Title, extent of land holding and context is available within the dataroom.
Tenure The land is let on an Agricultural Holdings Act ’86 tenancy.  Vacant possession is anticipated on ultimate sale of the land, subject to negotiation. Further information regarding the tenancy is available within the dataroom.
Land Use The site is in agricultural use for arable cropping and is Agricultural Land Classification Grade 3.
Access The site benefits from road frontage with Hospital Lane.  Further points of access are considered available.
Services Mains water, gas and electricity are available within the neighbouring residential area, subject to confirmation of available capacity.  It is anticipated that additional local sewerage capacity is required to accommodate future development. Further information is available within the dataroom.
Boundaries Prospective parties will be deemed to have full knowledge of the boundaries. Neither the Owner nor Agents will be responsible for defining boundaries.
Easements Wayleaves and rights of way Three public footpaths transect the land. High voltage power cables over sail the site, close to the northern boundary, with three pylons located within the property. A copy of the wayleave agreement is available via the dataroom.  The land is offered subject to and with the benefit of all existing rights of way, wayleaves and easements whether or not specifically referred to in these particulars.
Local Authorities Nuneaton and Bedworth Borough Council Warwickshire County Council
VAT The land is not currently registered for VAT.  The Owner reserves the right to ‘opt to tax’ at any time prior to final disposal.
Further Information The dataroom contains additional information for evaluation including a legal pack, planning information and site plans. A bidding proforma is contained in the dataroom and parties are required to complete this as part of their offer. Login details will be provided to those who express a serious interest in this opportunity.


Notice: These details are produced in good faith and believed to be correct. Neither Godfrey-Payton nor their Client guarantees their accuracy and they are not intended to form part of a contract. No person in the employment of Godfrey Payton has authority to give any representation or warranty in respect of this property. No responsibility can be accepted for expenses incurred by any interested party in this matter. Prepared June 2021