Cottrell Gdns 10.8 Acres of Residential Land in Bonvilston CF5 6FU
INVESTMENT HIGHLIGHTS
- 30% affordable housing requirement
- Greenfield site with full planning permission for 80 residential dwellings
- Sought after Vale of Glamorgan village location
- Roads and services provided to boundary with no S106 financial contribution
EXECUTIVE SUMMARY
Price on application.
PROPERTY FACTS Sale Pending
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 10.80 AC |
1 LOT AVAILABLE
Lot
| Lot Size | 10.80 AC |
Cottrell Gardens comprises a residential development site with planning permission for 120 new homes. The first phase of 40 homes was developed by an SPV controlled by Acorn.
DESCRIPTION
The property available for sale incorporates the remaining development plot comprising Phase 2 which benefits from roads and utility services to the site boundary. Phase 2 comprises 56 open market houses (including Plot 2 which is located on the Phase 1 development), 18 social rented units (including Plots 47-50 which are located on the Phase 1 development) and 6 low cost home ownership units. The site area is approximately 10.8 acres (4.37 ha). The sale will also include the roadways, areas of public open space and residual land that from part of the Phase 1 development. Whilst technical approval has been obtained, the roads and public open space are not proposed for adoption and instead are intended to be vested in the management company.
