Taylor Road, Parkfields, Wolverhampton, WV4 6HW
Full Property Description
Residential Development Site.
The site is located at the eastern end of Taylor Road, in the Parkfields area of Wolverhampton, approximately 2 miles to the south-east of the city centre. A location plan is attached to these sales details.
The site extends to approximately 0.8 acre (0.32 ha) and is a former plant nursery, now overgrown. The site is level and a regular shape, surrounded by a mix of uses which are primarily residential in nature.
The site benefits from outline planning permission for the erection of fourteen houses which was granted on 18th February 2015 under planning application reference 14/00068/OUT. An indicative layout plan submitted with the planning application shows a mix of 8 x 3 - bed houses and 6 x 2 - bed houses, see rear of sales details or click our 'PDF Brochure' link above.
Planning permission was accompanied by a Section 106 Agreement which requires a Public Open Space contribution of £65,620 to be paid prior to the occupation of the 7th dwelling. In addition, the development must include measures to generate 10% of its energy from renewable and low carbon sources.
A copy of the planning permission, Section 106 Agreement and indicative layout plan are available from the selling agent on request.
We do not have formal confirmation from the service providers of the availability and capacity of adjoining services however due to the location of the site we assume that all mains services are available on or adjacent to the site. Interested parties should make their own enquiries.
METHOD OF SALE
The freehold interest in the site is available for sale as one lot and offers are invited on an unconditional basis.
We have a guide price of £ 350,000 for the freehold interest. No VAT is payable.
For further information please contact Christopher Bywater at First City on 01902 710 999 or our joint agents Peter James on 01902 754777.