163 Malmesbury Rd 7.22 Acres of Commercial Land Offered at £5,400,000 in Chippenham SN15 5LP
INVESTMENT HIGHLIGHTS
- Chippenham Town Centre is approximately 1.5 miles to the south of the site
- Bristol Temple Meads in less than half an hour
- The mainline train station provides access to London Paddington in about 70 minutes
EXECUTIVE SUMMARY
Preference will be given to the transfer of the site as a whole but consideration may be given to the sale of plots.
Offers in excess of £750,000 per acre exclusive of VAT are sought.
The site will be subject to an overage provision in favour of the previous landowners and there are two overages which expire in February 2032 and February 2033. The sale will be subject to a Restriction on Title prohibiting residential development.
PROPERTY FACTS
| Price | £5,400,000 |
| Sale Type | Investment |
| Sale Condition | Development Sale |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 7.22 AC |
1 LOT AVAILABLE
Lot
| Price | £5,400,000 |
| Price Per AC | £747,922.44 |
| Lot Size | 7.22 AC |
The site was granted outline planning permission for Classes B1 (light industrial), B2 (general industrial) and B8 (storage & distribution) under application number N/12/00560/OUT which has now lapsed.
DESCRIPTION
The site is highly prominent fronting the main road into Chippenham from the M4 & the Malmesbury Road roundabout. The site is edged by the new road accessing the north west areas of the Town via a single access point and there is a single row of detached and semi detached dwellings to the west side of the site fronting Malmesbury Road itself. Chippenham Business Park is to be sold for commercial development and it is envisaged that the site is suitable for conventional Employment uses (Office, Industrial, Distribution) or complementary alternative uses.
