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Gloucestershire Business News

Apple Tree, Gloucester

Description:

The Property comprises the closed Apple Tree Inn (Grade II Listed) and adjoining garden and paddock.

The combined total site area is approximately 0.87 hectares (2.15 acres) - calculated using Promap.

Planning/Development Proposals:

The Property benefits from planning consent for the "erection of 5 dwellings, including alterations to the existing access serving the public house and the demolition of non-historic additions to Apple Tree Inn"

(Tewkesbury Council Reference 17/00983/FUL and 17/00985/LBC).

The purchaser will be responsible for the Section 106 contribution of £126,000 (index linked) in lieu of providing on site affordable housing.

Further enquiries should be made of the Local Planning Authority, Tewkesbury Borough Council.

Location details:

The property is situated fronting the A48 at the junction with Watery Lane.

The property is approximately 1 mile south of the Highnam/A40 roundabout and 3.5 miles west of Gloucester city centre.

Services:

We understand that all mains services, with the exception of foul drainage, are connected or located within the public highway.

Interested parties are invited to satisfy themselves as to the availability and cost of service connections.

Tenure:

Sale of the freehold with vacant possession on completion.

Price:

On application.

Consideration may also be given to separate sales of the existing building and the 5 development plots.

Overage:

The land appears to have the potential for a higher number of dwellings. In the event of planning approval for any additional new build dwellings an overage provision will apply.

Information Park:

All information relating to the current planning approval is available on Tewkesbury Borough Council's planning portal. Alternatively, the information can be made available in a pdf format.

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the sale price. We recommend that prospective purchasers establish the implications before entering into any agreement.

Legal Costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

An undertaking in respect of legal costs will be required should the purchaser withdrawn after the agreement of the Heads of Terms.

Contact:

Alder King Property Consultants 

Philip Pratt

01452 627123

ppratt@alderking.com 

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