Large site area of approximately 4.43 Acres (1.79 Hectares)
Residential/commercial development opportunity (subject to consents)
Site adjoins the extensive redundant and vacant JD Norman Industrial plant
Prominent location at the junction of Lydney Park Boulevard & A48
Lot 26
Auction 25th March 2021
Vacant Possession
Status Sold
Price £885,000
Sector Development
Auction Venue Live Streamed Auction
On Behalf of Administrators Moorfields
Property Information
Location
Miles
23 miles south-west of Gloucester
27 miles north of Bristol
28 miles north-east of Newport
Roads
A48, M48 (Junction 2)
Rail
Lydney Rail Station
Air
Bristol Airport
Situation
Lydney is a town in Gloucestershire, 27 miles north of Bristol. The property is situated adjacent to the A48 to the south of Lydney town centre, providing convenient access to Gloucester, Chepstow and the M4 to the south-west. The Severn Bridge toll has now been removed, improving connectivity to economic centres such as Bristol.
The site adjoins the extensive redundant and vacant JD Norman Industrial plant extending to some 16.33 Acres (6.60 hectares). Nearby commercial occupiers include the head office of Mabey Bridges, Woodford Engineering and Simpson Motorsport. Immediately to the east of the site is a completed residential development of 200 homes completed by Kier which in turn adjoins a development of 347 homes which is underway by Persimmon a total of 547 homes with key infrastructure already in place.
Tenure
Freehold.
Location
Miles
23 miles south-west of Gloucester
27 miles north of Bristol
28 miles north-east of Newport
Roads
A48, M48 (Junction 2)
Rail
Lydney Rail Station
Air
Bristol Airport
Situation
Lydney is a town in Gloucestershire, 27 miles north of Bristol. The property is situated adjacent to the A48 to the south of Lydney town centre, providing convenient access to Gloucester, Chepstow and the M4 to the south-west. The Severn Bridge toll has now been removed, improving connectivity to economic centres such as Bristol.
The site adjoins the extensive redundant and vacant JD Norman Industrial plant extending to some 16.33 Acres (6.60 hectares). Nearby commercial occupiers include the head office of Mabey Bridges, Woodford Engineering and Simpson Motorsport. Immediately to the east of the site is a completed residential development of 200 homes completed by Kier which in turn adjoins a development of 347 homes which is underway by Persimmon a total of 547 homes with key infrastructure already in place.
Tenure
Freehold.
Description
The property comprises a broadly level and regular site of approximately 4.43 Acres (1.79 Hectares). Whilst the majority of the site is cleared, there is a small substation, some hard standing areas and includes the access road. The site benefits from potential residential, retail and other commercial development opportunities (subject to consents).
VAT
VAT is applicable to this lot.
Planning
Further information on this site and the surrounding developments can be found at publicaccess.fdean.gov.uk
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Four Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a broadly level and regular site of approximately 4.43 Acres (1.79 Hectares). Whilst the majority of the site is cleared, there is a small substation, some hard standing areas and includes the access road. The site benefits from potential residential, retail and other commercial development opportunities (subject to consents).
VAT
VAT is applicable to this lot.
Planning
Further information on this site and the surrounding developments can be found at publicaccess.fdean.gov.uk
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Four Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP Cannon Place, 78 Cannon Street London EC4N 6AF
