Stage 1 closing date set - 12 noon, Wednesday 1 May 2013
The site extends to approximately 3.483 Ha (8.607 acres) and is accessed from South Gyle Wynd. A potential additional access maybe available to the site, however, further investigations and discussions should be undertaken with transportation and planning. The site was previously used as playing fields and comprises a relatively flat site with well defined boundaries. Residential accommodation is located to the west of the site with the railway line being situated to the North.
Location
South Gyle Wynd lies approximately 5 miles west of the city centre and is well placed for access to South Gyle Business Park and Edinburgh Park with regular train link from South Gyle Station to Haymarket and Waverley. The new Bankhead tram station is also located close to the site. The A8 Glasgow Road, A90 Queensferry Road and A720 Edinburgh City By- Pass allow for ease of commuting out with the area. The surrounding area is predominantly residential with the new St Augustines and Forrester High School being located close to the site. There are a number of local amenities in the general vicinity
Accommodation
The site has been identified with in the Edinburgh City Local Plan January 2010 as a proposed housing site reference HSG 17. The Local Plan indicates that the site could accommodate up to 180 units, however, the actual number would be subject to any planning permission granted. For the avoidance of doubt no formal discussions have been undertaken with the local planning authority in this regard.
Copies of the Edinburgh City Local Plan are available online and at the Planning reception desk, Waverley Court, 4 East Market Street, EH8 8BG
For further advice on the acceptability of uses for the redevelopment of the site, please contact Elaine Robertson, Principal Planner, (0131) 529 3612.
Terms
The property will be sold by way of disposition and associated Deed of Conditions containing such reservations, burdens and conditions as the Head of Legal and Administrative Services may consider necessary to protect the Council’s interest. These may include reservations regarding minerals, services etc and provisions regarding maintenance, insurance, use, etc.
Method of Sale
The subject site is offered for the heritable interest of the property with the benefit of vacant possession. It should be noted that the price stated in any offer will be deemed to be net of any relevant s75 contributions. The Council is particularly interested in offers incorporating a profit share/overage payment/clawback agreement, all of which will depend on the structure of the offer received and intended use of the ground. The sale will be undertaken in a two stage process as follows:
Stage 1
Interested parties will be notified of a closing date and requested to submit Heads of Terms for the subject. The stage 1 Heads of Terms should include the following Information:
•
Headline Price
•
Schedule of abnormal costs
•
Proposed timescale for acquisition
•
Proposed timescale for development
•
Conditions of purchase including board approval procedures
•
Confirmation of funding
•
Details of specific due diligence
•
Proposed layout, schedule of accommodation, proposed use, indicative layout drawing and style of accommodation.
Stage 2
After a full assessment of the Heads of Terms received at stage 1, a shortlist of parties will be invited to clarify their offer at the second stage. The short listed parties will be provided with a draft Offer to Sell which they should complete and return to the council. Following the second stage closure date, a preferred bidder will be selected and granted an Exclusivity Period in which to conclude missives.
Fees
In addition to the sale price, the purchaser will pay the council’s reasonably incurred legal costs plus the Councils corporate property costs of 2% of the purchase price.
Terms
Stage 1 closing date set - 12 noon, Wednesday 1 May 2013
The site has been identified with in the Edinburgh City Local Plan January 2010 as a proposed housing site reference HSG 17. The Local Plan indicates that the site could accommodate up to 180 units, however, the actual number would be subject to any planning permission granted. For the avoidance of doubt no formal discussions have been undertaken with the local planning authority in this regard.
Copies of the Edinburgh City Local Plan are available online and at the Planning reception desk, Waverley Court, 4 East Market Street, EH8 8BG
For further advice on the acceptability of uses for the redevelopment of the site, please contact Elaine Robertson, Principal Planner, (0131) 529 3612.
Terms
The property will be sold by way of disposition and associated Deed of Conditions containing such reservations, burdens and conditions as the Head of Legal and Administrative Services may consider necessary to protect the Council’s interest. These may include reservations regarding minerals, services etc and provisions regarding maintenance, insurance, use, etc.
Method of Sale
The subject site is offered for the heritable interest of the property with the benefit of vacant possession. It should be noted that the price stated in any offer will be deemed to be net of any relevant s75 contributions. The Council is particularly interested in offers incorporating a profit share/overage payment/clawback agreement, all of which will depend on the structure of the offer received and intended use of the ground. The sale will be undertaken in a two stage process as follows:
Stage 1
Interested parties will be notified of a closing date and requested to submit Heads of Terms for the subject. The stage 1 Heads of Terms should include the following Information:
•
Headline Price
•
Schedule of abnormal costs
•
Proposed timescale for acquisition
•
Proposed timescale for development
•
Conditions of purchase including board approval procedures
•
Confirmation of funding
•
Details of specific due diligence
•
Proposed layout, schedule of accommodation, proposed use, indicative layout drawing and style of accommodation.
Stage 2
After a full assessment of the Heads of Terms received at stage 1, a shortlist of parties will be invited to clarify their offer at the second stage. The short listed parties will be provided with a draft Offer to Sell which they should complete and return to the council. Following the second stage closure date, a preferred bidder will be selected and granted an Exclusivity Period in which to conclude missives.
Fees
In addition to the sale price, the purchaser will pay the council’s reasonably incurred legal costs plus the Councils corporate property costs of 2% of the purchase price.