Property Details
Residential Development Land
Guide Price £4,000,000
SITE DESCRIPTION
The site extends to approximately 12.82 acres (5.19 hectares) of agricultural pasture land, formerly part ofSouth Pavenhill Farm. The single field is bounded by the road named Pavenhill to the north, residential properties to the east and mature hedgerows and woodland to the south and west. The surrounding area to the west comprises an escarpment which steepens beyond the western boundary. Subsequently, the site has far-reaching westward countryside views from parts of the western boundary towards the lowlands to the west.The site is irregular in shape and broadly split into two distinct areas. The northern narrower area generally slopes downwards from east to west approximately 2-3m, whilst the wider area of the site to the south has a more gentle topography, sloping approximately 1m downwards from east to west. The main vehicular access to the site is from Pavenhill, whilst a shared footpath/ cycleway and emergency access are proposed to be taken via an existing access point to Ringsbury Close to the east.There is a public right of way (route PURT95) that runs along the western edge of the land, outside ofthe subject property.
PLANNING
An outline planning application (Application Ref: PL/2022/00395) was submitted by Castlewood Properties Ventures Ltd and validated in February 2022 as follows:Outline application for the erection of up to 60 dwellings (including affordable homes), point of connection of access road from Pavenhill and shared footpath/cycleway and emergency access from Ringsbury Close, open space, sustainable drainage system and associated landscaping and infrastructure with all other matters (relating to appearance, landscaping, scale and layout)reserved. Planning was approved at appeal (Ref: APP/Y3940/W/24/3349801) by Wiltshire Council on the 5th March 2025. Bids are invited on an unconditional basis.If bidders have any planning questions please feel free to contact Nev Surtees, Savills atneville.surtees@savills.com or 07870 999 267.
SECTION 106 AGREEMENT
The buyer will purchase the land subject to a Section 106 Agreement and any bids will need to take into full account the obligations set out within the Agreement. A copy of the finalised s106 can be found in the data room.For the avoidance of doubt, the Section 106 Agreement commits the buyer to provide a minimum of40% affordable houses of which 14 units will be affordable rented and 10 units will be shared ownership.
BNG
The site proposes to deliver 32.48% BNG onsite. Please note that the calculation is based off the 3.1Metric and not The Statutory Metric. Please refer to the BNG calculation dated 1st September 2022.
TENURE AND POSSESSION
The property is freehold with vacant possession.The land sits within the single Title number WT426578.Copies of the relevant Title Register and accompanying plans are provided in the online data room.
GROUND CONDITIONS
A ground investigation survey has been undertaken. A Factual Report is anticipated to be available prior tothe tender deadline and will, on receipt, be circulated to all potential buyers who have registered an interest in the property.
RIGHTS AND EASEMENTS
The property is sold subject to any existing rights of way, drainage, water and other rights, easements and incidents of tenure affecting the sale and all easements and wayleaves in connection with all electric or telephone wires, pipes, cables, stays etc. as at present erected on or passing over the property and subject to all existing and all pending agreement if any affecting the same.
LETTERS OF RELIANCE
Letters of Reliance shall be provided in the normal way, full details of which are included in the DataRoom.
UTILITIES
Mains services are understood to be available with connections agreed in principle as part of the OutlinePlanning consent. Prospective purchasers are required to seek confirmation from the various utility companies that mains services are readily available. Up to date utility reports and quotations are available in the online data room.
METHOD OF SALE
The property is to be sold by way of informal tender. Offers are invited on an unconditional basis by noon on Thursday5th June 2025. Please note that the Vendor is not obligated to accept the highest or any other offer. In order to accurately appraise offers on a like-for-like basis, please include the following information in support of your bid:Fully completed Bid Proforma – template provided in the online data room;Provide any other information that you feel should be taken into consideration in the assessment of your bid, e.g.,recent experience of delivering a scheme of this nature and or within Wiltshire District Council.Upon offers being received, we anticipate holding developer interviews on Wednesday 11th June 2025 at AJW Land &Development’s office (Old Barn, Rodbourne Rail Farm, Rodbourne, Malmesbury, Wiltshire, SN16 0ES) and request that you keep this date free and available in the event that you are selected to attend.
CONDITIONS OF SALE
As part of the sale, the chosen buyer will be required to adhere to certain conditions and terms, including:The Seller will retain a ransom strip along the southern and part of the eastern boundary, between points AB and BCmarked red on the image below;An overage of 50% of the price paid per plot, indexed linked from the date of completion, for a term of 20 years, for any additional dwellings than the proposed 60 units;Full vehicular rights and services will be reserved to adjoining land for future connections. See the relevant map within the data room marking the necessary access points. These must be delivered to adoptable highways standards
VIEWINGS
We recommend that parties contact Savills or AJW Land & Development prior to viewing to discuss the opportunity and register their interest.Please note that neither the Vendors nor their agents will be responsible for any damage or loss caused by any potential purchasers, their agents or consultants whilston site. What3words ///rankings.hedgehog.standards
DATA ROOM
An online data room containing all relevant planning, technical and legal information will be made available on request. Please contact Jemima Upton, Savills, for access.
VAT
The Vendor has elected to charge VAT on the purchase.
LEGAL COSTS
The purchaser will be expected to give a legal undertaking of up to £20,000 plus VATin the event they withdraw from the transaction following the agreement of the Heads of Terms.
LOCAL PLANNING AUTHORITY
Wiltshire Council, Monkton Park, Chippenham, Wiltshire, SN15 1ER Telephone: 0300 4560 1000.
CONTACT
For further information please contact:
Jemima Upton, Savills, Associate, jemima.upton@savills.com, 07977 030 109
Jason Hill, Savills, Director, JHill@savills.com, 07967 555 591
Anthony Wright, AJW Land & Development Ltd, Director, anthony@ajwlanddevelopment.co.uk, 07552 044 742
Sales Brochure
