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Full Details

Guide price 200,000

Cropwell Road, Tithby

SSTC

Features

  • Interesting Development Opportunity
  • Conversion of Two Detached Barns
  • Creation of Two Bespoke Homes
  • Generous Plots
  • Planning Approval Gained
  • Highly Regarded Location

Plot

Description

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An interesting development opportunity consisting of two individual detached barns, formerly part of Holly Tree Farm, with the original farmhouse available by separate negotiation.

Planning permission was granted in January 2016 for change of use to residential occupation and conversion into two individual dwellings which offers fantastic potential for the creation of two bespoke homes occupying generous plots at the heart of this highly regarded and pretty hamlet.

Detailed information and the planning approval can be found on Rushcliffe Borough Council's planning portal under reference 15/02815/FUL.

LOCATION
Tithby is a pretty hamlet lying a couple of miles south of the market town of Bingham into the Vale of Belvoir. Facilities can be found in the nearby larger villages of Langar, Cropwell Butler and Cropwell Bishop, there are primary schools in Langar and Cropwell Bishop and secondary schooling and shops in nearby Bingham. The village is surrounded by beautiful Vale of Belvoir countryside with walks and bridlepaths, and is not far from the historic Belvoir Castle. Bingham is well equipped with amenities including a range of shops, primary and secondary schools, doctors and dentists, leisure centre and railway station with links to Nottingham and Grantham. The town is conveniently located for commuting situated at the intersection of the A52 and A46 and with good road links to the A1 and M1.

BARN 1
The larger of the two barns lies to the south of the site, to the rear of Holly Tree Farm and extends to approximately 220 sq m with the plans suggesting potential conversion into a 5 bedroom, 3 bathroom family home with open plan living/dining kitchen and separate reception, cloakroom and utility. The accommodation is designed over a split level mainly ground floor layout and because of the height of the barn offers scope to create some interesting internal character.

To the south of the property is an existing brick and pantiled cart shed which is intended to be garaging for the property.

The current agricultural buildings to the rear of the site have planning to be demolished which will open up fantastic views and also give the properties a generous level of land.

BARN 2
The single storey barn located to the west of the site extends to approximately 106 sq m with plans for an interesting single storey 3 bedroomed home with ensuite and bathroom, central kitchen and part open plan living and dining spaces.

The property will offer a relatively generous garden to the westerly side with permission for the construction of a cart shed style garage on the site of a former outbuilding.

PLANNING INFORMATION
Interested parties are expected to familiarise themselves with the planning permission relevant to the site. Full planning information can be found on Rushcliffe Borough Council planning portal reference 15/02815/FUL

RIGHTS OF WAY
There are no known Rights of Way crossing the site.

OVERAGE
The whole sale area will be subject to a Clawback Agreement; in the event of planning consent being granted for residential development the Purchaser will be required to pay additional consideration amounting to 25% of the enhanced site value, (net of reasonable costs incurred in securing the planning consent). This overage will remain in force for a period of 40 years following completion of the sale and will apply to consecutive planning consents on a bite by bite basis.

The obligation to pay clawback arises on the earlier of implementation of a relevant planning permission or the sale of all or part of the Property with the benefit of the relevant planning permission.

It is agreed that an appropriate clause will be included within the sale contract to enable the existing residential dwellings to be extended by no more than 25% of the current floor areas without triggering the clawback agreement. Any extensions over and above this limit will trigger the clawback agreement. There is also to be a cap at three dwellings (including the farmhouse) and additional dwellings above this limit will trigger the clawback agreement.

SERVICES
Purchasers should note that it is their specific responsibility to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity and drainage services. Any water and electricity usage from the existing supply in the interim is to be paid for by the purchaser.

VALUE ADDED TAX (VAT)
VAT will be payable by the purchaser on the non-residential element of the site at the prevailing rate.

BOUNDARIES
Boundaries will be the obligation of the purchaser.

METHOD OF SALE
The property will be offered for sale by private treaty as a whole.

VIEWING
Strictly by prior appointment through the agents.

Viewing
Please contact our Bingham Office on 01949 836678 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Richard Watkinson endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

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