Land for sale

Approximately 14.63 acres (5.92 ha) of strategically located land with potential for development (subject to necessary consents). We are inviting offers by 12pm on Friday 8th September.



Description
The Property comprises of two parcels of land, laid to permanent pasture, which are located on the western edge of Codsall. The northern parcel of land borders a combination of residential properties and equestrian paddocks along the western boundary. The eastern boundary is bordered by Slate Lane and beyond this lies a combination of bungalows and two storey properties. The northern boundary is bordered by Wood Lane and the southern boundary is bordered by Moatbrook Lane, which is where the primary access for the Property is located. The southern parcel of land is bordered by Moatbrook Lane to the north and Strawmoor Lane to the south, which is where the Property is accessed from. The southern boundary is then bordered by third party land. Both parcels of land are generally flat in topography.

The Property is located within the West Midlands Green Belt. Natural England’s Land Classification Maps for the West Midlands shows that the Property comprises a mix of Grade 3 ‘Good to Moderate’ quality agricultural land and Grade 4 ‘poor’ quality agricultural land.

The Property is subject to a Promotion Agreement along with third party land (shaded blue on the plan on page 2).

The Vendor and the third party landowner within the Promotion Agreement have an Option Agreement in place on the land shaded green as per the plan on page 2, to assist with the highways provision to serve any future development. Further details on the Option Agreement can be provided on request.

Situation
The Property is located on the western outskirts of the Codsall (Classified as a Category 1 settlement) which has a population of 11,860 (as per the 2021 census). Codsall provides a good range of shops, including supermarket and community and health facilities. South Staffordshire Council offices are based in Codsall, and there are both middle and high schools plus a leisure centre. Codsall has a frequent bus service to Wolverhampton and has good access to the M54 motorway. Codsall benefits from having two stations (Codsall and Bilbrook) which provide a direct train into Birmingham.

Codsall benefits from good transport links with the A41 (approximately 1.5 miles), M54 Junction 2 (approximately 4 miles), M6 Junction 11 (approximately 7 miles) and the M5 Junction 2 (approximately 13 miles).

Codsall is located within close proximity to major settlements with Wolverhampton (approximately 5 miles to the east), Telford (approximately 14 miles to the west), Stafford (approximately 16 miles to the north), Birmingham (approximately 22 miles to the east) and Shrewsbury (approximately 28 miles to the west).

Planning
The Property is located within South Staffordshire Council. The adopted planning framework is made up of two documents being the Adopted Core Strategy Development Plan 2012 and the Site Allocations document which sets the planning framework for South Staffordshire and contains sites for new housing and employment along with the policies used to decide planning applications.

South Staffordshire Council began review of the current Local Plan in 2018 and as part of this process they have undertaken the following process:

1. Carried out the first consultation of the review of the Local Plan, known as Issues and Options from Monday 8th October until Friday 30th November 2018.

2. Spatial Housing Strategy and Infrastructure Delivery consultation took place from Thursday 17th October until Thursday 12th December 2019. The consultation focused on broad locations for housing growth and the infrastructure it would require.

3. The preferred options consultation took place from Monday 1st November until December 11th 2021.

4. The Publication Plan consultation took place from Friday 11th November up until Friday 23rd December 2022.

The Promoter submitted representations for the subject Property (including the third-party land to the south) towards the South Staffordshire Local Plan Review (November 2021) and The South Staffordshire Regulation 19 consultation (November 2022).

Services
Prospective purchasers must satisfy themselves as to the availability of services and future connections.

Tenure and Possession
The Property is held freehold under Land Registry title numbers SF548235 and SF431422. The Property is offered freehold subject to a Promotion Agreement (exchanged on 19th November 2021 – 13-year Longstop Date).

Overage Clause
The Property is offered for sale with overage provisions whereby a proportion of any increase in the value of the Property from the grant of planning permission will be payable to the Vendors (or their successors in title) as follows:

The Property is offered for sale with an overage provision with an uplift percentage of 30% of any increase in value for a period of 30 years. Such overage to be triggered by any development (as defined within Section 55 of the Town and Country Planning Act 1990) and payable upon implementation or a future sale with the benefit of a consent/s.

Mineral, Sporting and Timber Rights
Far as they are owned, the mineral, sporting and timber rights are included in the freehold sale. Interested parties are to undertake their own investigations and satisfy themselves on these rights.

Local Authority
South Staffordshire Council, Histons Close, Codsall, Wolverhampton, WV8 1PE.

Public Rights of Way, Wayleaves and Easements
The Property will be sold subject to and with the benefit of all Rights of Way, Wayleaves and Easements, whether mentioned in these particulars or not.

Plans and Boundaries
The plans and schedules within these particulars are based on ordnance survey data and are provided for reference only. They are believed to be correct, but accuracy is not guaranteed. The Purchaser shall be deemed to have full knowledge of all boundaries and extent of ownership.

Neither the Vendor nor their agent will be responsible for defining the boundaries or the ownership thereof.

VAT
Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the Property or any part thereof or any right to it becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition to the sale price.

Vendor’s Solicitor
Andrew Querelle of Spratt Endicott, Linden House, 55 Bar Street, Banbury, Oxfordshire, OX16 9AB.

Viewings
Strictly by appointment through the selling agent. The Property must not be entered unless an appropriate risk assessment has been undertaken and due care must be taken at all times.

The Landowner nor their agent take any responsibility for loss of injury on site and all viewings are undertaken at your own risk.

Directions
Postcode – WV8 1DW

We are inviting offers by 12pm on Friday 8th September 2023.