Land for Invitation to tender

Land adjacent to Redlake Meadow, Bucknell, Shropshire SY7 OAY

4.843 acres (1.96 ha) of fertile pastureland with considerable potential

for residential development

Madeleys Chartered Surveyors are delighted to offer the opportunity for developers to enter into an Option Agreement for residential development of this versatile block of pastureland, situated on the fringe of the village of Bucknell.

The land is situated on the fringe of the village of Bucknell adjacent to the Redlake Meadow residential estate offering significant potential for future development for residential purposes.  Bucknell is a picturesque village nestling in the Teme Valley in unspoilt South Shropshire countryside being 6 miles from the border town of Knighton, 9 miles from the market town of Craven Arms and 11 miles from the historic town of Ludlow.

DESCRIPTION

The land extend to approximately 1.96 hectares (4.843 acres) as shown on the block plan being an ideal continuation from the existing adjacent residential development known as Redlake Meadow.  The site plan shows the location of the land in relation to the village and you will see that this fits well into the layout.  This is a highly desirable site for future development.

We believe that there are no technical issues which would prevent the site coming forward for residential development in the future. The site is in single ownership and there are no physical or legal impediments which would prevent the development. Having reviewed the local property market, there is a consistent demand for medium Land at Redlake Meadow, Bucknell sized and mid-price dwellings at the settlement due to its facilities and road and rail networks.  Further details and copy documentation of the previous applications can be provided on request.

OPTION AGREEMENT

The landowners are currently considering an appeal of the most recent planning application and have asked Madeleys Chartered Surveyor as acting agents to investigate the possibility of entering into an Option Agreement with an appropriate developer to work together to obtain the appropriate planning permission for residential development. 

The landowner is wishing to enter into an option agreement with an appropriate developer to facilitate the residential development of the site. Any interested parties should contact the agents in the first instance to discuss and they will be forwarded an option pack to include planning history and tender documents.

This is an informal tender. We will be requesting proposed terms of the option to include option fee, purchase price , etc., and draft Heads of Terms for an agreement.

                                                           VIEWINGS

Interested parties to view the land by appointment only with the agents.

DIRECTIONS

From Ludlow take the A49 towards Shrewsbury. At Bromfield turn left onto the A4113 towards Knighton. Stay on this road for approximately 9 miles and turn right onto the B4367 to Bucknell. Follow the road over the railway through the village towards Bedstone, the land is situated on the right hand side as you leave the village adjacent the Redlake Meadow/residential development.

Particulars Bucknell (Adobe pdf file 1mb)

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