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Old London Road Sparkford, Yeovil
Offers in Excess of £3,000,000

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Approx. 16.6 Acres of Land

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  • Approx. 16.6 Acres of Land
  • Land Adjacent to Bridge Cottage, Sparkford, Yeovil, Somerset, BA22 7JR
  • Deadline for written offers and proposals – To be received by Friday, 8th April 2022 12pm
  • Subject to Contract & Subject to Planning Permission
  • Offers Invited - Guide 30% of GDV Value
  • Development opportunity invitation to tender
  • £2000 plus vat for vendors legal costs and a sign on fee for assignment of the option agreement
  • Option available of 3 years with a standard appeal clause attached

Proposals and offers are invited to bid for the opportunity to acquire an option agreement on this land of approx.16.6 (sixteen point six) acres, set at the edge of the village of Sparkford, Somerset. Location Sparkford is a small village located with very straightforward access to the A303, ideal for people commuting to the local towns of Yeovil and Sherborne and further afield as far as Bristol, Bath, Salisbury and Exeter.

It is understood that this site is being brought forward by South Somerset Council under a HELAA (the Housing and Economic Land Availability Assessment) Maps in this document are not up-to-date and should be used for illustrative purposes only The Offer/Proposal You are invited to submit your written proposal, clearly stating: • Your offer in financial terms with respect to the percentage of Gross Development Value (GDV) • Your proposed signing on fee, to be paid to the vendors upon assignment of the contract and option agreement (non-refundable) • Confirmation that you accept the condition that you will pay £2,000 plus VAT towards the vendors fair and reasonable legal costs.

This contribution to the vendors Legal costs are separate to your signing on fee as a non-refundable deposit upon assignment of contract and option agreement • Length of the option agreement required, plus length of appeal clause required, both in timescale. • The site in its entirety (approx. 16.6 acres) is for sale, however, South Somerset council have indicated that 4 HA (9.8 acres) of the site will be eligible for new housing. Bidders are asked to include within their proposal their plans for the remaining undeveloped land, such as amenities or landscaping that will benefit the site and the local community. This undevelopable section of the land is an opportunity to enhance the development in the eyes of the council by providing features that are beneficial to the village and residents, enabling the council to endorse the scheme and prioritise it above other developments in the area. The presence of the stream presents a real opportunity to create something new and special for the community which could differentiate a proposal when presented to the planning authority Method of Sale The site is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the site from sale or to vary the method of sale at any time without notice. In the event that a number of competitive offers are received, the vendor reserves the right to request “ best and final” offers from selected parties.

Offers are sought for the freehold interest, on a Subject to Contract only basis. Tenure The property will be sold freehold with vacant possession, once planning is granted. Please note there is an agricultural tenant currently occupying the land, on a rolling 1 year lease. Fishing Rights The vendors believe it is possible that there may be single bank fishing rights onto the River Cam, but have not been able to locate any information about this in their documentation VAT We understand the property is not elected for VAT. Offers All offers should state whether they are submitted with or without Board approval and whether they are dependent on bank or similar finance being available with confirmation or proof of funding. Please include details of your solicitors. All offers and proposals should be made in writing to Jeff Bevins, no later than 12pm Friday, 8th April 2022, using the following contact details: Mr Jeff Bevins 102 Beaufort Road Church Crookham Fleet Hampshire GU52 6AY Telephone: 01252 626450 Mobile: 07801 469788 Or email: This email address is being protected from spambots. You need JavaScript enabled to view it.


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Location

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Old London Road Sparkford
Yeovil BA22 7JR
County: Somerset
Sale Type: For Sale
Ref #: FOS00770
Jamie Grist
Fosters Letting Agents Ltd
P: 01252 344333

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