Falcon Quarter Offers an opportunity to acquire a unique town centre development in Huntingdon, Cambridgeshire www.falconquarter.com
FOR SALE 8.22 acres (3.3 hectares) town centre development site with detailed planning consent for 345 residential units AFFORDABLE HOUSING 125 METRES HUNTINGDON STATION 47 minutes CENTRAL LONDON 100 metres HUNTINGDON HIGH STREET 20 minutes CAMBRIDGE
FALCON QUARTER HUNTINGDON Site Plan Huntingdon Town Centre High Street High Street A14 Section to be removed Bus Station Train Station Hinchingbrooke Hospital Guided Bus Stop Former A14 to become town centre link road
SITE LOCATION Huntingdon This prime town centre development offers an exceptional opportunity to create a vibrant residential Quarter, with excellent transport connections providing direct access to London, Cambridge, Midlands and the North. prime CAMBRIDGESHIRE TOWN HEADQUARTERED IN HUNTINGDON Falcon Quarter is located at Edison Bell Way and George Street, directly opposite Huntingdon mainline Railway Station and the Guided Busway to Cambridge. Immediately to the east of the development is Huntingdon Town Centre. To the west it is a short walk from Hinchingbrooke Hospital (8 mins), the exceptional Hinchingbrooke Secondary School (5 mins) and Cambridgeshire Constabulary and Fire and Rescue HQ (3 mins). Strategically located within the heart of the South East, Huntingdon continues to expand benefiting from a general catchment of 170,000 people. Huntingdon has transformed as a consequence of major investment with the new A14 and the Town Centre redevelopment. It also has a strong retail base and the pedestrianised High Street supports a selection of national retailers together with a good range of local shops and restaurants. Huntingdon is a major employment centre within the Region and has enjoyed rapid growth over the last 10 years with a further 8,000 new jobs being created. The economic growth plan for the Huntingdon area anticipates that by 2023, Huntingdonshire will be the fastest growing District in Cambridgeshire and one of the top 10 places to live, work and invest in England. This has recently been endorsed by the Mayor of Cambridgeshire & Peterborough confirming that Cambridgeshire County Council will be relocating their Headquarters to Alconbury, within a 10 minute drive from the site.
TRANSPORT LINKS RAIL East Coast Mainline Air Located within a minutes walk from Huntingdon Railway Station with direct trains to London Kings Cross on the East Coast mainline, which takes 47 minutes and run on an almost 24 hour basis. In addition, trains run directly to City Thameslink, London Bridge and Gatwick Airport. Huntingdon is also easily accessible to Peterborough, York, Newcastle and Edinburgh, and Brighton to the south via London. INVERNESS GLASGOW ABERDEEN EDINBURGH NEWCASTLE EAST MIDLANDS 1 HOUR LONDON LUTON 47 MILES HEATHROW 1 HOUR 30 MIN HUNTINGDON LONDON STANSTED 45 MILES LONDON GATWICK 1 HOUR 52 MIN YORK PETERBOROUGH HUNTINGDON 50 metres LONDON BRIGHTON York Edinburgh NEWCASTLE PETERBOROUGH 16 minutes HUNTINGDON 47 minutes 60 TRAINS to LONDON DAILY LONDON London Kings Cross BRIGHTON
TRANSPORT LINKS Roads Huntingdon is ideally situated only 1 mile from the A1/ A14 interchange, providing excellent north/south links via the A1 and good links to the Midlands and the east coast ports. A 1.5 billion, 17 mile motorway bypass is under construction to the south of Huntingdon. Due to open in 2020, the bypass will remove the elevated A14 and its long distance traffic from the town reducing the journey time to Cambridge to around 20 minutes. Bus By bus Huntingdon has direct services to Peterborough, St Neots, St Ives and Cambridge. Falcon Quarter also benefits from the dedicated Guided Busway stop which connects Huntingdon and Cambridge City Centre and railway station every 7 minutes. UPDATED A14 REMOVAL OF A14 SECTION EXISTING ROAD A1 GUIDED BUSWAY STOPS HERE HUNTINGDON TOWN CENTRE Further information on this upgrade can be found on: www.highwaysengland.co.uk/projects/a14-cambridge-tohuntingdon/ HUNTINGDON STATION EVERY 7 MINS HUNTINGDON-CAMBRIDGE ½JOURNEY TIME FROM HUNTINGDON TO CAMBRIDGE HALVED by 2021 Peterborough 20 Minutes HUNTINGDON Cambridge 20 Minutes MILTON KEYNES 40 minutes London 80 minutes
LOCATION Regional Centres peterborough cambridge milton keynes SILICON FEN london HI-TECH CLUSTER / BIOtech, software, I.T, electronics CAMBRIDGE 125,000 residents - 20 mins PETERBOROUGH 185,000 residents - 20 mins MILTON KEYNES 250,000 residents - 40 mins World class University City The fastest growth rate of all British cities in Q1 2018 Top city for Gross Value Added in 2018 Projected fastest growing city economy over the next ten years Silicon Fen is home to 25 science parks, 1,500 companies employing 50,000 professionals The new Cambridge Bio-Campus which will be the biggest medical science centre of its kind in the world Home to Silicon Fen which is booming tech and life science sectors in Cambridge, this sector is expanding 2.6 times faster then the rest of the economy Cambridge has been ranked as one of the top three innovation ecosystems in the world Arm Holdings, Sepura, Microsoft, Apple and Toshiba are a number of multi national companies based in Cambridge The pharmaceutical giant AstraZeneca are making Cambridge its global headquarters bringing 2,000 researchers to the area A Cathedral city and one of the UK fastest growing cities Beneficiary of a 1 billion regeneration programme and being awarded Smart City 2015 Gateway Peterborough is a 240 acre site with permission for warehousing and distribution park Peterborough has become a major distribution centre for Amazon, Ikea, Debenhams and Lidl Home of Perkins Engines manufacturing 500,000 engines per annum and employing 2,500 skilled employees Some of the best physical and digital connections in the country A bidder for European Capital of Culture Has third highest level of economic growth out of all cities in 2018 New world class technology university is to be built in Central MK Over 1 billion of private investment has been committed in the last decade Second fastest growing city in the UK and Internationally recognised centre of prosperity, economic innovation and cultural creativity 1 BILLION PETERBOROUGH regeneration, INVESTMENT DISTRIBUTION LOGISTICS, TRANSPORTation
Falcon Quarter The scheme has detailed planning consent for 345 homes and offers an exciting opportunity for both traditional residential development and Build to Rent. 44 The development has been carefully designed to appeal to a wide range of potential buyers including first time buyers, investors, families and downsizers. 26 87 The site has been granted two planning permissions: East Site 17/00733/FUL This permission is for 304 dwellings in a mix of houses and apartments including onebedroom, two-bedroom, three-bedroom, four-bedroom homes, landscaping, open spaces, access, parking and associated works, this site is to the east of Edison Bell Way. West Site 17/01950/FUL This permission is for 41 apartments including access, parking, landscaping and associated works, this application is to the west of Edison Bell Way and the site is in isolation to the above application. 187 Neither planning permission has any onsite affordable housing SECTION 106 The headline figures for the east and west site are as follows: Section 106 Contributions 1,716,962 Affordable Housing Contributions 842,148 Community Infrastructure Levy (CIL) 3,537,000 TOTAL 6,096,110 TYPE QUANTITY TOTAL SQ FT 1 Bed Apartment 87 43,066 2 Bed Apartment 187 127,981 2 Bed House 1 851 3 Bed House 26 28,830 4 Bed House 44 59,817 TOTAL 345 260,545
Layout Plan WEST SITE Residential Development Apartments Houses EAST SITE
Building Styles East Site East Site East Site West Site
The Opportunity... Freehold sale Offers are invited via Informal Tender for the whole site, but individual offers for either the East or West site will be considered The site for sale extends to 3.3 hectares (8.22 acres). The area identified to the east of Edison Bell Way is for 304 units - under application 17/00733/FUL. The area to the west is for 41 units and is under application 17/01950/FUL. The owners will demolish and remediate the whole site pre completion Build to Rent The mix and number of units within the development and the strategic location of the site adjacent to the Railway Station and the Town Centre, means the development will appeal to the Build to Rent market. All submissions should include the following information: Details of any conditions attached to your offer Anticipated timeframe for Exchange and Completion Confirmation of deposit amount/percentage The identity of the purchaser, along with any appropriate supporting information including the ultimate owner or parent company, structure and registered office Confirmation of funding and any third party approvals required Provide details of any elements of conditionality within the proposal or any assumptions made Detail of internal approval process required to sanction the purchase Please confirm you and your solicitors have reviewed the documentation on the website (www.falconquarter.com) Provide details of the solicitors who will be acting on your behalf in this transaction CLOSING DATE: The deadline for offers is; Thursday 15th November 2018. Our client reserves the right not to accept the highest or any other offer received.
Further Information Tenure Company Sale Viewing Further INFORMATION The site is for sale freehold with vacant possession. The property is to be sold by a company disposal - JCAM CREP XVIII Ltd, is an SPV and its sole asset is the property described in these particulars. Viewings are strictly by appointment only. Please contact the selling agent for further information on access. For further information please register at www.falconquarter.com Contact Freehold Sales Agent Build to Rent Enquiries Angus Irvine PGDip MSc MRICS Rapleys LLP / Partner Head of Development Consultancy 07767 463884 angus.irvine@rapleys.com Charles Alexander BSc (Hons) MRICS Rapleys LLP / Surveyor Development Consultancy 07831 487420 charles.alexander@rapleys.com ALEX davis Director 020 7182 2486 alex.davis@cbre.com Ben Hayfron Associate Director 020 7182 3473 benjamin.hayfron@cbre.com
13 Neither Rapleys, their joint agents (where applicable) or their client guarantees their accuracy and they are not intended to form any part of a contract. No person in the employment of Rapleys or their joint agents has authority to give any representation or warranty in respect of this property. Rapleys LLP is registered as a Limited Liability Partnership in England and Wales. Registration No: OC308311. Registered Office at Falcon Road, Hinchingbrooke Business Park, Huntingdon, PE29 6FG. Regulated by RICS. These particulars were produced in good faith and believed to be correct as of October 2018.