A NEW COMMUNITY OF 3,000 HOMES IN WELLINGBOROUGH, NORTHAMPTONSHIRE

Size: px

Start display at page:

Download "A NEW COMMUNITY OF 3,000 HOMES IN WELLINGBOROUGH, NORTHAMPTONSHIRE"

Linette Letitia Ford
6 years ago
Views:

1 A NEW COMMUNITY OF 3,000 HOMES IN WELLINGBOROUGH, NORTHAMPTONSHIRE

2 R2 INTRODUCTION LOCATION R3 MASTERPLAN OPPORTUNITY MARKET NIORT WAY TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT A509 FOR SALE EXCLUSIVE OPPORTUNITY TO DELIVER THE INITIAL DEVELOPMENT PARCELS (R1-R3 AND R5 & R6) OF A VIBRANT NEW MIXED USE COMMUNITY TO THE NORTH OF WELLINGBOROUGH. ibrochure

3 For Sale / Phase 1 Glenvale Park, Wellingborough ou R1 R5 CRICKET PITCH COMUNITY CENTRE R6 Residential Parcel Boundary (parcels R1 / R2 / R3 / R5 / R6) Initial Primary Infrastructure completion end of 2016 Primary school completion is September 2017 Proposed Local Centre anticipated commencement 2016 Glenvale Park planning permission is comprised of: 3,000 new homes; 25,000 m2 of high quality commercial; Retail, health and leisure facilities; Considerable formal and informal public open space. Located in the North Northamptonshire growth corridor with train services depart twice an hour to London St Pancras with journey times of 45 minutes as well as excellent local and regional road links. Primary school will be opening 2017 and phase 1 initial primary infrastructure to be completed by end of The initial residential parcels (R1-R3 and R5 &R6) are being offered on a fully serviced basis and will be ready for development to commence in mid % affordable housing in all initial phases. Parcel Size Size Indicative (ha.) (acre) Capacity R R R R R TOTAL (490 private) Offers are being sought on individual parcels.

2 PRIMARY SCHOOLS; 1 LARGE NEIGHBOUR CENTRE AND 2 SMALLER LOCAL CENTRES; A NEW BUSINESS CAMPUS SET; ALL SET

4 INTRODUCTION LOCATION MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT Fly pass A509, Niort Way / Parcels R1, R2, R3, R5, R6 INTRODUCTION THIS NEW COMMUNITY COMPRISES 3,000 NEW HOMES; 2 PRIMARY SCHOOLS; 1 LARGE NEIGHBOUR CENTRE AND 2 SMALLER LOCAL CENTRES; A NEW BUSINESS CAMPUS SET; ALL SET WITHIN SIGNIFICANT FORMAL PUBLIC OPEN SPACE AND INFORMAL MATURE PARKLAND. ibrochure

For Sale / Phase 1 Glenvale Park, Wellingborough ou R6 R5 (existing development) R1 R2 R3 Masterplan The Glenvale Park urban extension is located on the northern fringe of Wellingborough.

5 For Sale / Phase 1 Glenvale Park, Wellingborough ou R6 R5 (existing development) R1 R2 R3 Masterplan The Glenvale Park urban extension is located on the northern fringe of Wellingborough. The planning permission was granted for the delivery of up to 3,000 new homes along with extensive community facilities and commercial space over 3 phases with distinct character areas. The masterplan is set within beautiful mature countryside but will also benefit from the strong existing amenities and infrastructure of Wellingborough which will be further enhanced as part of the development and the wider growth plans for the region. The scheme provides the opportunity to be part of an exciting new community within a prosperous growth region.

INTRODUCTION LOCATION > LOCATION MAP > STREET MAP > GALLERY MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT LOCATION GLENVALE PARK PROVIDES SIGNIFICANT FORMAL

6 INTRODUCTION LOCATION > LOCATION MAP > STREET MAP > GALLERY MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT LOCATION GLENVALE PARK PROVIDES SIGNIFICANT FORMAL AND INFORMAL OPEN SPACE WITH AN OVERALL NET DEVELOPABLE AREA OF LESS THAN 40%. Glenvale Park is located to the north of Wellingborough, Northamptonshire. Wellingborough forms part of the growth region of North Northamptonshire, along with the towns of Kettering and Corby, which has strategic significance within Central Government. Surrounded by towns including Northampton, Milton Keynes and Bedford, the location is well served by an excellent road network accessed via the A45, including the M1 (J15/15A) to the North and South and the A14 (J9) to the East and West. Wellingborough Main Line Train Station (East Midlands Trains) is to the east of the town centre and boasts a regular (twice hourly) service South to London St Pancras International Station (with journey times of 45 mins) as well as regular services North to Leicester, Nottingham, Derby and Sheffield. Wellingborough is also within a 60 mile radius of four international airports, including Luton, Birmingham, East Midlands and London Heathrow. ibrochure

For Sale / Phase 1 Glenvale Park, Wellingborough ou IRCHESTER COUNTRY PARK FINEDON ROAD INDUSTRIAL ESTATE REDHILL GRANGE WELLINGBOROUGH TOWN CENTRE

7 For Sale / Phase 1 Glenvale Park, Wellingborough ou IRCHESTER COUNTRY PARK FINEDON ROAD INDUSTRIAL ESTATE REDHILL GRANGE WELLINGBOROUGH TOWN CENTRE GLENEAGLES WELLINGBOROUGH GOLF CLUB A509 LEADING A14 (J9) 3 MILES RUSHDEN WELLINGBOROUGH STATION A5193 A45 A509 LEADING A45 3 MILES VICTORIA RETAIL PARK R3 R2 R1 R6 R5

8 M1 M42 LEICESTER PETERBOROUGH INTRODUCTION M69 LOCATION > LOCATION MAP BIRMINGHAM M6 A14 KETTERING HUNTINGDON > STREET MAP M40 NORTHAMPTON A45 A14 > GALLERY CAMBRIDGE MASTERPLAN OPPORTUNITY MILTON KEYNES A1(M) MARKET M1 TECHNICAL INFORMATION M11 SALES TERMS M25 TENDER PROCESS / CONTACT M4 M25 LONDON M3 MAPS Major cities Birmingham and Cambridge are situated to the north west and south east within circa one hour s drive. Milton Keynes is also located within close proximity, 20 miles to the south, approximately 35 minutes drive. The East Midlands Airport and Birmingham Airport are around an hour s drive from Wellingborough, and London Luton and London Stansted are both approximately an hour and a quarter by car. Wellingborough is well connected to the national motorway network via the M1 and the A1 road links; these are approximately 15 miles to the west and 25 miles to the east respectively. ibrochure

9 For Sale / Phase 1 Glenvale Park, Wellingborough ou R5 R6 A509 A510 A510 R1 R2 R3 A5193 TOWN CENTRE A5128 A45 A509 A45 VIEW OPENSTREETMAP.ORG Location from Glenvale Park Distance (Miles) Towns London (St. Pancras International Station) 68 Cambridge 47 Peterborough 34 Milton Keynes 21 Airports Birmingham International Airport 54 East Midlands Airport 60 London Luton Airport 48 London Stanstead Airport 70 London Heathrow Airport 77

INTRODUCTION LOCATION > LOCATION MAP > STREET

Market Square, Wellingborough Wellingborough

10 INTRODUCTION LOCATION > LOCATION MAP > STREET MAP > GALLERY MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT Wellingborough Town Centre Market Square, Wellingborough Wellingborough Golf Club ibrochure

11 For Sale / Phase 1 Glenvale Park, Wellingborough ou Wellingborough Train Station Wellingborough Museum and The Castle Croyland Park, Wellingborough Castlefields Retail Park, Wellingborough

INTRODUCTION LOCATION MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT MASTERPLAN PLANNING PERMISSIONS WAS GRANTED FOR A NEW RESIDENTIAL COMMUNITY;

12 INTRODUCTION LOCATION MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT MASTERPLAN PLANNING PERMISSIONS WAS GRANTED FOR A NEW RESIDENTIAL COMMUNITY; SPECIFICALLY 3,000 NEW HOMES, C. 25,000 M2 OF COMMERCIAL, HEALTH AND LEISURE SPACE ALL IN CONJUNCTION WITH A SUBSTANTIAL PROVISION OF PUBLIC AMENITY AND COMMUNITY SPACE. ibrochure

For Sale / Phase 1 Glenvale Park, Wellingborough ou R6 R5 (existing development) R1 R2 R3 The approved Masterplan provides the following across three distinct development phases: A mixed-use

13 For Sale / Phase 1 Glenvale Park, Wellingborough ou R6 R5 (existing development) R1 R2 R3 The approved Masterplan provides the following across three distinct development phases: A mixed-use neighbourhood centre, comprising shops, restaurants, bars and cafes, community and local leisure facilities and offices to meet the needs of the new community and will also be accessible to existing residents. It is anticipated that this centre will be delivered in an early phase. Two smaller local centres, to meet the day-to-day needs of each residential area. These centres will be delivered in Phases 2 and 3 supplement to the offer of the core neighbourhood centre. Two primary schools to meet the needs of the community. The first primary school is being delivered alongside the initial infrastructure and is set to open in September A business campus for office and other business (B1) uses offering up to 25,000 sqm of high quality employment space. A privately managed formal open space facility at the heart of the overall scheme which is to be delivered alongside the initial infrastructure. Significant informal public open space and mature parklands to be delivered on a phased basis to meet the needs of the overall scheme.

14 R2 INTRODUCTION LOCATION R3 MASTERPLAN OPPORTUNITY MARKET NIORT WAY TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT A509 OPPORTUNITY In January 2015, the Promoters submitted a reserved matters application for the first phase of the development of Glenvale Park relating to plots R1,R2 & R3 (planning ref WP/15/00015/ REM). The application is due to be determined at Planning Committee in June The application seeks detailed consent for access, appearance, layout, scale and landscaping across the parcels. It should be noted there is no requirement for house builders to build-out these schemes, however, should this be the preference, the layout plans and copyright can be novated. The residential plots in the initial launch are detailed below, including indicative capacity based on the reserved matters application at R1, R2 and R3 and indicative density at c units per acre at R5 & R6. The local centre and primary school will also be delivered alongside these initial parcels by the promoter. There is significant interest in the local centre from a variety of high quality occupiers. ibrochure

15 For Sale / Phase 1 Glenvale Park, Wellingborough ou R1 R5 CRICKET PITCH COMUNITY CENTRE R6 Residential Parcel Boundary (parcels R1 / R2 / R3 / R5 / R6) Initial Primary Infrastructure completion end of 2016 Primary school completion is September 2017 Proposed Local Centre anticipated commencement 2016 The plot(s) are to be sold as fully serviced parcels, whereby the Promoter, Northants LLP, will commit to deliver all necessary services to the boundary at an agreed point, along with highways realignment to individual phases; 10% affordable housing is to be provided in each phase; A restructured s106 is being finalised with a financial contribution of c. 10,000 per unit, payable on a roof tariff basis. Parcel Size Size Indicative (ha.) (acre) Capacity R R R R R

INTRODUCTION LOCATION MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT WELLINGBOROUGH RESIDENTIAL MARKET Wellingborough has all the key fundamentals and is

16 INTRODUCTION LOCATION MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT WELLINGBOROUGH RESIDENTIAL MARKET Wellingborough has all the key fundamentals and is wellplaced to accommodate growth. It has good accessibility by road and rail, and a varied retail centre, local health services, further education provision, and a full range of leisure and recreation facilities. It is also an increasingly popular commuter destination, with a regular rail service into Kings Cross St Pancras at just 45 minutes, but house prices are well below the average for towns that share this commute. This is increasingly relevant as Kings Cross is currently undergoing comprehensive redevelopment to transform the entire area into a hub of education, cultural and leisure activity. Situated just over ten minutes from Wellingborough station, the Glenvale Park scheme is well placed to take advantage of the London commuter spill, particularly in the context of affordability constraints within the capital itself. Currently, Wellingborough is a small market town, with a population of around 77,000. This is expected to increase by 8% over the next ten years, a rate broadly in-line with regional expectations, and which will equate to an additional 6,000 living in the borough over the next ten years. Household growth is expected to outstrip population growth over the next ten years, which will put further pressure on local housing stock. ibrochure

For Sale / Phase 1 Glenvale Park, Wellingborough ou Average house prices in Wellingborough are currently around 160,000, which is similar to the regional average.

17 For Sale / Phase 1 Glenvale Park, Wellingborough ou Average house prices in Wellingborough are currently around 160,000, which is similar to the regional average. The wider market improvements are filtering through to pricing; average values in Wellingborough increased by 3% over the last year, which is the sharpest increase since pre-recession times. In addition, affordability remains extremely favourable in Wellingborough compared with the rest of the country; although average earnings are also lower, this is disproportionate to the relatively low average house price. The new build market currently makes up around 4% of all activity (Q4 2014). However, this is stock-constrained, with a marked slow-down in development activity over the last few years. Reflecting the shortage of supply against a considerable (and growing) backlog of demand, there is a substantial premium for new build property. At Q4 2014, these were trading at an average of 23% above secondhand stock. This is well above the national average at 7%. Wellingborough offers a strategic central location for employment. In 1983, Wellingborough was granted an Enterprise Zone which quickly grew to be one of the most successful Zones in England and is now one of the most established employment bases in the Midlands. The town is home to nearly 3,000 businesses, including the Head Offices of Booker and Whitworths, as well as household names such as House of Fraser, Monsoon, Open University and Budgens. Investors in the town include Axa Sunlife, Unilever, Standard life, British Airways Pension Fund, Aviva and many more. Development of the towns employment base continues with a number of significant sites now coming forward for commercial development bringing with them new opportunities for employment and giving the town a strong and balanced mixed-use foundation when combined with the release of land for residential development.

download in the Glenvale Park Data Room: www.cbre-ibrochure.co.

18 INTRODUCTION LOCATION MASTERPLAN OPPORTUNITY MARKET TECHNICAL INFORMATION SALES TERMS TENDER PROCESS / CONTACT TECHNICAL INFORMATION Technical information is available for download in the Glenvale Park Data Room: CLICK HERE TO ACCESS GLENVALE PARK DATA ROOM > ibrochure

For Sale / Phase 1 Glenvale Park, Wellingborough ou SALES TERMS The initial residential parcels are being offered on the following basis: Fully serviced parcels are anticipated to be ready for

19 For Sale / Phase 1 Glenvale Park, Wellingborough ou SALES TERMS The initial residential parcels are being offered on the following basis: Fully serviced parcels are anticipated to be ready for commencement mid Offers are sought subject to reserved matters and delivery of serviced parcels. Deferred payment profiles are acceptable to assist with return on capital employment hurdles. Offers are sought for individual parcels.

20 FOR MORE INFORMATION PLEASE CONTACT THE FOLLOWING: Chris Georganas Toby Box TENDER PROCESS The sites are being offer for sale via informal tender. Offers are to be submitted to CBRE by 12 noon on Wednesday 17th June Jasper Masters Henrietta House, Henrietta Place London W1G 0NB VAT VAT will be chargeable on the purchase price at the prevailing rate. VIEWINGS Viewing days are to be arranged by appointment. These will consist of a guided tour of the whole site. All appointments should be made by prior arrangement. Simon Toseland st@prop-search.com Ian Harman ianharman@prop-search.com Misrepresentation Act: All Agents and for the vendors or lessors of this property whose agents they are, give notice that (i) these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them. (ii) no person in the employment of all agents has any authority to make or give any representation or warranty in relation to this property. April For Sale / Phase 1 Glenvale Park, Wellingborough

FOR SALE Land at Mill Lane, Taplow, Buckinghamshire, SL6

FOR SALE Land at Mill Lane, Taplow, Buckinghamshire, SL6 On the instructions of Malcolm Cohen and Shay Bannon of BDO LLP, Joint Administrators of Watchword Limited In Administration ( the Company ). The