Land Sold Subject to Contract

Ravensbank Drive, Beoley, Redditch

Guide Price £235,000


POTENTIAL DEVELOPMENT SITE OF AROUND 8.44 ACRES

LOCATION

The site lies on the eastern side of Redditch, located off Ravens Bank Drive and situated between Redditch and the village of Beoley, approximately one mile from the A435 and approximately five miles from M42 Junction 3. The site is located within walking distance to Beoley village centre.

DESCRIPTION

The site consists of predominantly grassland with wooded areas. As the site used to be a plant nursery, there are many sloe berry bushes, holly bushes and large perennial trees, including a crab apple tree, several oak trees and silver birch. There is an area by the northern boundary which totals approximately 0.6 acres and consists of an area of hardstanding with slab foundations that previously formed buildings related to the garden nursery. Access is via a private drive off Ravensbank Drive. The land has a three phase electricity connection to a meter box at the north of the site, and a ready drilled borehole for a fresh water supply. In addition, there is a storage container, and an old access drive running part way through the site.

PLANNING

There are no pending planning applications on the site. Bromsgrove District Plan, adopted by the Council in January 2017, identifies the land as within the Green Belt.

TENURE

The site is understood to be freehold with vacant possession given upon completion.

RIGHTS OF WAY

The property is sold subject to and with the benefit of any rights of way, easements, wayleaves, covenants or restrictions etc. as may exist over same whether mentioned herein or not.

OVERAGE

The land is sold with an existing overage clause with an uplift of 50% triggered by change of use or planning consent for residential purposes on the whole or any part of the property. The overage lasts for 21 years from 2019. Further details regarding the overage are available upon request.

VAT

VAT will be payable in addition to the purchase price.

BASIS OF DISPOSAL

Expressions of interest are invited in respect of the parcel of land. It is anticipated that the disposal will be subject to contract only, however, disposal by way of option or promotion agreement, or conditional contract will also be considered. For further information, contact:

Peter Turner
Associate Partner
Email: pturner@peterclarke.co.uk
Tel: 01926 695585
Mobile: 07384 811812

  • Redditch Rail Station is 2.45 miles away.
  • Wood End Rail Station is 2.58 miles away.
  • Danzey Rail Station is 3.05 miles away.
  • The Lakes Rail Station is 3.33 miles away.
  • Earlswood (West Midlands) Rail Station is 3.42 miles away.