Draft Sales Particulars - Microsoft€¦ · technical pack available ─ Informal tender deadline...

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For Sale Oxford Brookes University Wheatley Campus Wheatley Oxfordshire OX33 1HX 08449 02 03 04 avisonyoung.co.uk/13895 Approximate boundaries for identification purposes only

Transcript of Draft Sales Particulars - Microsoft€¦ · technical pack available ─ Informal tender deadline...

Page 1: Draft Sales Particulars - Microsoft€¦ · technical pack available ─ Informal tender deadline 12 noon Friday 27 April 2018 Location Oxford Brookes Wheatley Campus is located to

For Sale Oxford Brookes University Wheatley Campus Wheatley Oxfordshire OX33 1HX

08449 02 03 04 avisonyoung.co.uk/13895

Approximate boundaries for identification purposes only

Page 2: Draft Sales Particulars - Microsoft€¦ · technical pack available ─ Informal tender deadline 12 noon Friday 27 April 2018 Location Oxford Brookes Wheatley Campus is located to

Oxford Brookes University Wheatley Campus

Highlights ─ Prime residential

redevelopment opportunity

─ Outline planning permission submitted for up to 500 dwellings Ref. App. No. P17/S4254/O

─ Site area extending to approximately 21.4 ha (53 acres) gross

─ Comprehensive sales/ technical pack available

─ Informal tender deadline 12 noon Friday 27 April 2018

Location Oxford Brookes Wheatley Campus is located to the north of the village of Wheatley. The southern boundary of the site lies adjacent to the A40 London Road which currently defines the extent of the settlement boundary at this point. The campus is located approximately 11.2km (7 miles) south east of Oxford city centre. Bicester is located approximately 25 km (16 miles) to the north with Aylesbury approximately 27 km (17 miles) to the east. Junction 8A of the M40 Motorway is within approximately 3.2km (2 miles). The site adjoins Wheatley Park School and John Watson School to the west and adjoins largely open fields to the north and to the east beyond its frontage onto Waterperry Road.

Description Based on our understanding of the site boundaries, we calculate that the site area extends to approximately 21.4 ha (53 acres) gross.

Wheatley Campus accommodates a mixed range of buildings principally used for teaching, administration, student accommodation and other ancillary purposes. The majority of the

buildings are concentrated within the eastern half of the site. A substantial area of the campus to the western and southern sides are laid to grass and provide sporting pitches/facilities and general landscaping.

We understand that the combined existing accommodation extends to approximately 19,840 sq m (213,558 sq ft) GIA.

The existing principal access into the site is from Waterperry Road to the east. There is a secondary gated access point to the west.

A detailed description and schedule of the existing accommodation together with floor plans are included within the Technical Pack.

Tenure The freehold interest in the entire site is owned by Oxford Brookes University.

The University has declared its intention to relocate the existing facilities to its other campuses with full vacant possession of the Wheatley Campus currently anticipated during the year 2021/22. In this respect, elements of the site are already vacant. The University is therefore selling the freehold interest in the site subject to a leaseback on part providing a phased development opportunity.

The site is sold subject to all third party easements and statutory designations which might currently be passing. Interested parties must make their own enquiries and satisfy themselves in this respect.

Services Information relating to the provision of services and site drainage is provided within the Technical Pack. However, prospective purchasers must satisfy themselves in respect of the provision, capacity and sustainability of all services and drainage either on or off site.

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Basis of Offers Offers are invited subject to approval of the pending application for outline planning approval and the terms of a phased vacant possession programme and leaseback with the University. Other conditional offers may be considered.

Offers should be submitted no later than 12 noon on Friday 11 May 2018.

Offers should be submitted to: Avison Young, 3 Brindleyplace, Birmingham B1 2JB marked for the attention of Andrew Moss.

All offers should be submitted using the Offer Proforma available on the data site and should include supporting information as necessary.

Planning The site falls within the jurisdiction of South Oxfordshire District Council. The Council is developing a new Local Plan which will cover the period up to 2033. Within the Plan, draft Policy STRAT 10 – ‘Land at Wheatley Campus, Oxford Brookes University’ refers specifically to the site and confirms that it is a proposed strategic allocation for housing. The draft policy sets out that the site will be developed to deliver at least 300 new homes. Following lengthy pre‑application consultation with the Council and other stakeholders, an application has been submitted which seeks outline approval for up to 500 dwellings with all matters reserved other than access. The application, reference number P17/S4254/O was registered on 19 January 2018. The target date for determination is currently 20 April 2018. Any enquiries in respect of the planning application should be directed to Robert Gardner, Planning Director at Avison Young (tel: 0121 609 8232).

Full details of the application and supporting documentation are included within the Technical Pack.

Viewing Wheatley Campus remains in use and no attempt should be made to access the site without prior arrangement with Avison Young. Viewing days have been arranged for the 28 and 29 March between 10.00 am and 3.00 pm. Parties should contact Avison Young to confirm a time slot and who will be attending.

Sales and Technical Information Comprehensive sales and technical information can be obtained by registering on the dedicated data site: http://[email protected]

Parties may be invited to interview in the 2 weeks following the tender deadline.

The Vendor reserves the right not to accept the highest or any offer received.

VAT All offers should be exclusive of VAT which may apply.

EPC The properties on site have an EPC rating of between D and B. Copies of the EPCs and accompanying recommendation reports for the individual properties are included within the Technical Pack.

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For further information please contact:

Avison Young

3 Brindleyplace, Birmingham B1 2JB Avison Young is the trading name of GVA Grimley Limited. © 2018 GVA Grimley Limited

Andrew Moss Tel: 0121 609 8398 Email:[email protected]

Rachel Hill Tel: 0121 609 8004 Email: [email protected]

Property ref avisonyoung.co.uk/13895

March 2018

Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent Avison Young is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract.co(2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.

(3) No person in the employment of Avison Young or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) Avison Young shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by Avison Young.