Land at Craigtoun St Andrews. Residential Development Opportunity

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1 Land at Craigtoun St Andrews Residential Development Opportunity

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3 Land at Craigtoun, St Andrews Residential Development Opportunity The Opportunity On behalf of Mount Melville Limited, Savills is pleased to offer for sale the first phase of an excellent residential development opportunity at St Andrews, Fife. The wider site forms part of the St Andrews West strategic land release and extends to 42 acres (17 ha). The illustrative masterplan identifies the potential to deliver 350 residential dwellings, including 30% affordable housing. In addition there is a mixed use area offering food and local retail stores, a pub/restaurant together with some commercial workspace. Phase 1 offers the opportunity to develop approximately 162 private residential units together with the affordable housing for the masterplanned area. location The historic town of St Andrews has an excellent range of local amenities including shops, restaurants, bars, hotels and recreational facilities including a cinema and The Byre Theatre. St Andrews is also home to Scotland s oldest university, the University of St Andrews, which is regarded as one of the UK s top higher education institutions. The site is in close proximity to the renowned Dukes Course. there are a further six courses in St Andrews the most notable being the Old Course, which is a regular host to the British Open Championship. The town also has two magnificent beaches and numerous other attractions including Botanic Gardens, St Andrews Aquarium and the British Golf Museum. St Andrews is approximately 14 miles south of Dundee, 34 miles east of Perth and 50 miles north east of Edinburgh. Leuchars railway station is only 6 miles west connecting to the East Coast mainline to Aberdeen and London, also providing links to Dundee and Edinburgh. St Andrews also has a well established bus network linking to Fife and beyond. The site The wider site extends to approximately 42 acres in total and is located approximately 1.5 miles east of St Andrews town centre. The subjects are accessed via both Melville Road and Craigtoun Road. The creation of a new roundabout on Craigtoun Road is proposed with a new junction required on Melville Road. The site is bounded to the north and east by residential housing and to the south and west by agricultural land. Craigtoun Country Park is also only a short distance south of the subject site. Phase 1 Lots A1, A2 and A4 (marked on the phasing plan) are being offered for sale, extending to approximately 6.7 hectares (16.6 acres). These have the potential of accommodating approximately 162 private homes at Lots A2 and A4. Lot A1 is to deliver affordable housing as per the masterplan for the area. Lots A3 and A5 will provide future housing releases whilst the area marked for commercial land will provide a food store, community hub, commercial buildings and a restaurant/hotel or pub. These will be released at a later date. Planning The site at Craigtoun (North) forms the southern part of a larger area of land allocated for development, known as the St Andrews West Strategic Development Area within the Adopted St Andrews East Fife Local Plan. A planning permission in principle (PPP) application was lodged with Fife Council (Reference15/01823) at the end of May 2015 with an Environmental Statement and other supporting information, including a Design Statement, Transportation Assessment and Planning Statement. The application was based on an Illustrative Master Plan that included the following developments: Up to 350 dwellings (including 30% affordable) covering a range of house types and up to 3-storeys; A mix of commercial and community developments (local retail, hotel, pub/restaurant, employment/offices, community/health); Significant areas of green space throughout the development interspersed with paths and open space; Access between Melville and Craigtoun Roads suitable for public transport and a series localised links through routes serving the development areas; and The retention of key landscape and ecological features. Discussions with Fife Council have indicated a potential determination date of February 2016, for the PPP, subject to consultation responses. Mount Melville will continue to progress the application through to the decision being issued. NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office Crown copyright licence number Savills (L&P) Limited. Artist s Impression

4 Subject Site 2. Town Centre (Market Street) 3. University of St Andrews 4. University of St Andrews 5. The Royal & Ancient Golf Club 6. Old Course Hotel 7. St Andrews Aquarium 8. The Byre Theatre 9. Botanic Gardens 10. West Sands Beach 11. St Andrews Community Hospital 12. Morrison s Supermarket 13. Rufflets Country House Hotel

5 ADDITIONAL INFORMATION Further Information is held on a dedicated website at: Information includes: A Site/Location Plan A Pre Application Consultation (PAC) Report; A Proposed Land Use Zoning Plan; A Strategic Greenspace Plan; A Topography Survey and Existing Site Cross Sections; An Environmental Statement (ES); A Design Statement for the Master Plan, (including the Landscape Strategy); A Transportation Assessment (TA); A Ground Conditions Suitability Report; and An Infrastructure Statement. Proposed SUDS Design and Proposed Drainage Strategy viewing Viewings can be arrange via the sole agents. NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office Crown copyright licence number Savills (L&P) Limited. Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Savills Wemyss House, 8 Wemyss Place Edinburgh, EH3 6DH T +44 (0) F +44 (0) Ben Brough bbrough@savills.com +44 (0) Richard Cottingham rcottingham@savills.com +44 (0) Catherine Thornhill cthornhill@savills.com +44 (0) METHOD OF SALE The sale will be conducted in a two stage process: Stage 1 Interested parties will be notified of a closing date and requested to submit Heads of Terms for the subjects. These can be submitted by either , fax or personal delivery to Savills Edinburgh. Stage 2 A short list of parties will invited to interview. A process letter is available on request outlining in detail what is required for each stage of the tender process. June 2015