Property Details
Residential Development Land
Guide Price £5,000,000
70 Units
OVERVIEW
The land at Saltersford Lane represents a development opportunity of exceptional quality within a well established residential market where demand for such opportunities considerably exceeds supply.
• The site is located to the south of Chippenham Town Centre to the east of the B4528.
• The area to be sold is 4.15 hectares (10.24 acres).
• Outline planning permission was granted on Appeal dated 17th November 2023 under reference AP/Y3940/W/23/3322502 for the development of up to 70 dwellings. The initial application reference is PL/2022/06612
• 40% affordable housing
• The site forms a relatively level and attractive development plateau.
• Freehold sale via Informal Tender.
LOCATION
Chippenham is located in the south west of England approximately 158 km (98 miles) west of London and 45 km (28 miles) to the east of Bristol. The City of Bath is located approximately 22 km (14 miles) to the south west. Chippenham is a historic market town which lies on the River Avon. Junction 17 of the M4 is located approximately 6.5 km (4 miles) to the north and it benefits from excellent rail links with the mainline offering frequent services to Bath, Bristol, Swindon and London. The fastest service to London Paddington takes approximately 75 minutes.
Historically a market town, Chippenham’s economy has since changed to that of a commuter town with residents travelling to Bath, Bristol, Swindon and London on a regular basis. A number of large businesses are located within the town, notably Siemens, which occupies a complex adjacent to the railway station.
The town’s main retail element is focussed on the High Street with two shopping centres at Emery Gate and Borough Parade. Edge of town retail parks, such as Hathaway Retail Park, Bath Road Retail Park and the Bumpers Way Retail & Industrial zone contain larger superstores and fast-food outlets.
The town benefits from three comprehensive schools located at Sheldon, Hardenhuish and Abbeyfield (all rated ‘Good’ by Ofsted) and, in addition, has been the focus of a substantial development over recent years.
COMMUNICATIONS
Road
Chippenham is situated approximately 6.5 km (4 miles) to the south of Junction 17 of the M4 linked via the A350 trunk road. The town is also located on the A4 which runs west to Bristol and east to Marlborough and beyond.
Rail
Chippenham Railway Station provides a frequent mainline service to London Paddington (high speed) with an approximate journey time of 1 hour and 15 minutes.
Air
The nearest international airport is located at Bristol, some 35 miles to the south west. Bristol is the ninth biggest airport in the UK handling over 8.2 million passengers and is also one of the UK’s fastest growing regional airports. It offers over 100 direct international routes and serves as the inbound gateway to the south west.
SITUATION
The land at Saltersford Lane is located to the south of Chippenham, approximately 3 km (1.8 miles) from the Town Centre. The site is bounded by the Hilltop View development to the west of the B4528 and the mainline railway line to the east. The Bath Road Retail Park is located to the north of the site. A new employment site is being developed to the south of the site at Showell Farm and the nearby Rowden Park development will deliver a new primary school in due course.
DESCRIPTION
The site forms a relatively level development plateau and is currently used as grazing land. The area to be sold extends to approximately 4.15 hectares (10.24 acres) and has the benefit of outline planning permission under reference PL/2022/06612. It should be noted that the land for sale includes an area of woodland on the eastern boundary that is outside the planning application red line. The site will be accessed via a new junction off Saltersford Lane. Further details are available within the Data Room.
PLANNING
The site is situated in Wiltshire Council’s jurisdiction and is located to the south of Chippenham Town Centre. The site has outline planning permission for the ‘development of up to 70 dwellings with associated access, landscaping and open space. All matters reserved except for means of access’. The original application under reference PL/2022/0612 was submitted in August 2022. Planning permission was granted on Appeal under reference APP/ Y3940/W/23/3322502 on 17th November 2023. Further details of the planning application can be found within the Data Room at: https://sites.savills.com_Saltersford_Lane
SECTION 106 & CIL
Under the outline planning application, a Section 106 Agreement was completed in October 2023. The document is available for inspection in the Data Room. The key components of the Section 106 Agreement are as follows:
• 40% Affordable Housing across the development split between 60% Affordable Rent, 15% Shared Ownership and 25% First Homes.
• Financial contributions – the full detail on all contributions are set out in Agreement and the main provisions are as follows:
•Early years contribution – £147,176
•Monitoring fee – not to exceed £10,000
•Public art – £21,000
•Sports Facility contribution – £19,320
•Traffic Regulation Order contribution – £7,000 Community Infrastructure Levy (CIL) will be payable on the market units when the development is implemented. The site is located in Charging Zone 1 and the current charging rate after indexation is £121.25/m2 (£11.26/ft2). Bidders should make their own investigations as to the level of CIL due for their proposed scheme.
PROPOSED DEVELOPMENT
The vision for the proposed development at Saltersford Lane seeks to establish the basis for a residential scheme that is characterised by its location, a green and leafy environment, open streets and spaces within a range of open market and affordable family homes.
The proposed scheme aims to provide the foundation for :
• A diverse neighbourhood in order to establish a strong sense of community.
• A setting for sustainable and healthy lifestyles in order to contribute a strong sense of wellbeing.
• Strong connectivity to local facilities including schools and local bus services supported by the ability to walk and cycle where appropriate.
• A place designed to minimise use of natural resources, including promoting environmental sustainability.
• A range of new homes of different types and tenures with architecture that complements the local vernacular.
• An environment that is characterised by retaining mature trees with attractive green spaces and the opportunity for formal and informal creation.
• A safe environment with natural surveillance on to areas of public realm supported by low vehicle speeds.
• A development supported and influenced by Secured by Design objectives
VAT
Prospective bidders should note that the site has been elected for VAT which will be charged in addition to the sale price.
TENURE
The land is offered for sale freehold with vacant possession. Buyers should note that the land is split into two Titles under Land Registry Reference WT194711 and WT257028. A summary Report on Title is included in the Data Room. The site has been promoted through the planning system by Waddeton Park Ltd on behalf of the owners of WT257028. Waddeton Park Ltd is the freehold owner of WT194711 being the other freehold parcel within the consented scheme.
FURTHER INFORMATION
Further details, including various Technical Reports are available via the Data Room: www.savills.co.uk/saltersfordlane
A separate legal Data Room has been established which is being hosted by Michelmores. Please contact Elizabeth Newson via elizabeth.newson@michelmores.com to obtain access. Bidders are expected to have reviewed all the information in both Data Rooms prior to submitting a bid.
VIEWINGS
Whilst the site can be viewed from public highways, it would be appreciated if all viewings are strictly by appointment through Savills. Please contact the agents listed below to arrange an appointment.
METHOD OF SALE
The site is to be sold via Informal Tender as a whole to a single purchaser. Offers are invited for the freehold interest on an unconditional basis. Bids can be received by email or post and should be submitted on the bid pro-forma which will be uploaded to the Data Room. The Vendors are not obliged to accept the highest or indeed any offer. The deadline for submission of bids is noon on 24th April 2024.
BIDDER INTERVIEWS
The Vendors may wish to interview interested parties following the bid submission date. Please note that these will take place during the week commencing 29th April 2024 and will be held at AJW Land & Development office at Old Barn, Rodbourne Rail Farm, Rodbourne, Malmesbury, Wiltshire SN16 0ES.
CONTACT
For further information please contact:
Julian Harbottle
jharbottle@savills.com
07812 965 314
Anthony Wright
anthony@ajwlanddevelopment.co.uk
07552 044742
Sales Brochure
