Residential development site extending to 23.23 acres with the benefit of planning permission in principle for 250 houses.
The site extends to 23.23 acres, is broadly rectangular in shape and is currently used as a poultry farm. The farm will be relocating in early course allowing for a Purchaser to take vacant possession and develop he site as per the planning permission.
The grounds of the site are mainly made up of a mix of hard standing, grassed areas, chicken sheds and several small dwellings.
The subjects will be sold as existing.
Location
Edinburgh is the capital of Scotland and is a major tourist destination which benefits from over 4 million annual visitors, injecting over £1.32 billion in to the local economy.
Edinburgh benefits from a large and highly skilled workforce, with a total of four universities and an enviable reputation as both a financial and cultural centre. It has consistently been ranked as one of the best places to live in Europe and has been voted the UK’s Favourite city for 12 consecutive years in the Guardian Observer Travel Awards.
The city houses the headquarters of more FTSE 100 companies than any other city in the UK outside of London and is also home to the world’s largest annual arts festival.
Its worldwide standing has been further boosted by the formation of the Scottish Parliament, cementing its position as a true capital city.
This pleasant working environment, together with the highly qualified workforce and cosmopolitan lifestyle, makes Edinburgh an attractive place to live.
Location - The subjects are located in West Edinburgh, off Gogar Station Road, which itself can be accessed from either the A8 Glasgow Road or A71 Calder Road. Connections from the site to the wider road network is excellent, to include the M8 and M9 motorways and City Bypass.
The subjects benefit from being within close proximity to the Gyle Shopping Centre, Edinburgh Park (home to numerous international businesses), Edinburgh International Airport, Hermiston Park & Ride, Edinburgh Park, South Gyle and Edinburgh Gateway train stations and five Tram halts.
Accommodation
Size - 23.23 acres
Terms
PLANNING PERMISSION IN PRINCIPLE - The subjects benefit from planning permission in principle for the development of 250 houses. The planning permission in principle is allocated under the wider development to include the adjacent site (under separate ownership).
Further information with regard to the planning consent is available to view via the Edinburgh Council planning portal:
https://citydev-portal.edinburgh.gov.uk/idoxpa-web/applicationDetails.do?activeTab=summary&keyVal=NV13ALEWGRW00
Any queries with regard to the planning consent should be sent in writing to the sole selling agent.
DATA ROOM - A technical pack within a secure data room is available for parties to view, which includes further planning and technical information about the site.
TERMS - The Vendor is inviting bids on both an unconditional and conditional subject to planning basis.
SALE PROCESS - Interested parties should note their interest in the purchase of the subjects, by email, to the sole selling agent. Notes of interest should be submitted by no later than 31st May 2024.
Interested parties will then be provided with access to the data room to review detailed information regarding the subjects.
The sale process will be brought to a close by way of a closing date, which is proposed for 12 Noon, Friday 28th June 2024.
The Vendor reserves the right not to accept the highest or any offer received. Note that the dates above may change however parties will be informed in writing.
VAT - The subjects are elected for VAT, which will be payable on all outgoings, at the prevailing rate.
LEGAL COSTS - Each party will be responsible for their legal costs, with the Purchaser responsible for LBTT, Registration Dues, VAT and any other costs associated with the acquisition.