Land and Cottage at Coton Lane, Tamworth B79 8NN

The Offer

Flood Risk

The majority of the site is within Flood Zone 1. A proportion of the site towards its western boundary is identified as Flood Zone 2 and Flood Zone 3 so will need a Flood Risk Assessment under Policy SU4 in the Tamworth Local Plan. Visit flood-map-for-planning.service.gov.uk for more information regarding flooding.

Title

Part of the freehold land under title register SF554808.

Note that Severn Trent will impose their standard 'flies and smells' clause in any transfer to prohibit residential development and ensure there are odour management attenuation within any new development. Full details are shown in the documents section on the wording which covers this.

Tenure

Freehold subject to the caravan storage lease (plot 1) and residential letting (plot 3) – (see documents section for copy of the agreements).

Please note on plot 1 the tenant has indicated that on termination of the lease, they intend to remove their fixtures (including the non-palisade fence) and the hard surface. Note the lease runs until October 2021 with a landlord break option on 6 months’ notice.

Planning

Tamworth Borough Council has identified the site as ‘Planned Urban Area’, which supports employment use of the site, subject to the necessary consents.

In the documents section is a planning appraisal of site from GL Hearn.

For further information on your proposed use we recommend parties contact the local authority - please visit: www.tamworth.gov.uk/planning

Environment

The purchaser will buy the property as seen and shall accept a transfer of all environmental liability at completion in the vendor’s standard form and will indemnify the vendor against all liabilities arising.

VAT

The property is elected for VAT so will be chargeable on the purchase price.

Data Room

For further information on this opportunity, please visit the documents section of this website for detailed information, including the title plan, copy of the current lease, plot plan, planning appraisal, flood map, EPC, environmental report, and highways appraisal.

Price on Application

Agents for this property

Andrew Smith FRICS SIOR
Carter Jonas - Partner Commercial
Direct Dial: +44 (0)20 7518 3242
Mobile: +44 (0)7919 326085

Caroline Penn-Smith
Partner
Direct Dial: 0121 306 0376
Mobile: 07342 067831