Property for sale in Draycott, Cam, Dursley, Gloucestershire GL11

An opportunity to purchase a detached dwelling and land of approx. 2.04 acres (0.82ha) with potential for residential development (subject to planning). Offers invited on a conditional or unconditional basis and tenders to be received by Thursday 12th October 2023

Description

The site comprises of an existing detached dwelling with associated curtilage, and approximately 2.04 acres (0.82ha) of level permanent pastureland, all contained within the Settlement Boundary for Cam, designated as a First Tier Settlement. The land beyond the river, to the east of the site, is within a Strategic Site Allocation and is subject to an approved planning application for 450 dwellings.

The land is mostly situated within Flood Zone 1, being only partially situated within Flood Zone 2 & 3 (to the eastern boundary). We understand a mains drainage pipe crosses the site.

The property was previously used as a market garden with glasshouses currently in situ, which are to be removed before completion.

Planning

The property is within Stroud District Council, being within the Settlement Boundary and outside of the Green Belt and Area of Outstanding Natural Beauty.

Pre-application advise was sought for the ‘demolition of existing dwelling and the development of one detached dwelling and three terraced dwellings with associated landscape, parking and recycling space’. The response was received on 26th April 2021 and was supportive, subject to technical compliance.

A copy of the proposal and subsequent response from Stroud District Council can be provided by the Agent.

Sale Contract

The Vendors will consider offers on either of the following bases :

Option 1

Unconditional with target completion within 6 weeks of offer acceptance.

Option 2

Unconditional subject to overage with target completion within 6 weeks of offer acceptance. Overages on a percentage of increase in value or per residential unit basis may be considered.

Option 3

Conditional contract subject to planning only with exchange of contract within 6 weeks of offer acceptance and subject to 5% non-refundable deposit and completion within 12 months thereafter.

Tenure

Freehold with vacant possession on completion.

Rates

The house is currently rated as Council Tax Band D, with the agricultural aspect being exempt from rating.

Viewing

Please contact the Agent for viewing arrangements.