FHP sell Bramcote Land for Executive Housing

Land News

FHP acting on behalf of St John’s College have completed the sale of land in Bramcote to Willmark Limited.

The sale, which was negotiated by David Hargreaves of FHP Property Consultants, was on a subject to planning basis.

Planning Consent has now been secured via Leonard Design Architects for the development of 16 detached houses with a total gross internal area of approximately 43,000 sq ft.

The price achieved equates to approximately £146,000 per plot.

David Hargreaves of FHP said:  “We were commissioned by St John’s College on Chilwell Lane to seek to effect a sale of surplus land and buildings.  We needed to handle the sale in a confidential manner and so approached 5 or 6 developers who had experience of developing sensitive sites in Conservation Areas and were ultimately able to agree terms with Willmark Limited.

We introduced Leonard Design Architects who, together with the ultimate purchaser, were able to secure Planning Consent for the development of 16 substantial modern detached houses.

The whole process took more than 2 years, with the development now having started on site.”

FHP also sold The Grove and Northwood on the same site to Willmark Limited.

FHP acted on behalf of St John’s College Nottingham Limited, with legal advice being provided by Browne Jacobson.

 

END

 

David Hargreaves

Date:  March 2018