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Town Ln - Victory Place 2.2 Acres of Residential Land in Staines TW19 7PZ

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INVESTMENT HIGHLIGHTS

2.2 acres.
22 units of affordable accommodation.
150 metres from Ashford Hospital.

Detailed planning consent for 127 Units.
2.6 miles from Heathrow.

EXECUTIVE SUMMARY

The site is offered for sale on a freehold basis with vacant possession and the benefit of the existing planning consent. The vendors have a strong preference for an unconditional sale although offers that are made subject to planning will still be considered. Whilst capital receipt will be an important consideration, the vendors will also assess best value against its own corporate objectives, in particular the need for additional affordable housing within Spelthorne Borough. Proposals that can improve on the amount of affordable housing within the scheme or that can help to deliver additional affordable housing locally will be looked upon favourably. The vendors are also receptive to alternative structures for the sale including some form of partnership linked to the delivery/transfer of the affordable housing and to be reflected in the agreed terms. For an informal discussion on this, please contact the agents.

Marketing Brochure/Flyer

Available Brochure

PROPERTY FACTS Sale Pending

Sale Type	Investment	Property Subtype	Residential
Tenure	Freehold	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	2.20 AC
Property Type	Land

Sale Type	Investment
Tenure	Freehold
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units
Total Lot Size	2.20 AC

1 LOT AVAILABLE

Lot

Lot Size	2.20 AC

Lot Size	2.20 AC

The site is level and is bisected by Town Lane which provides pedestrian access to the adjoining residential properties. Vehicular access to the new development will be via Town Lane (past Tesco/Ashford Hospital) not Greenaway Terrace.

DESCRIPTION

Extending to approximately 2.2 acres the site lies between an established residential area and a Tesco supermarket. It was previously used as a car park for the nearby Ashford Hospital and whilst the site is mainly open, there are some poor-quality single storey buildings that are to be demolished as part of the development. The approved planning consent has been implemented and several planning conditions have been discharged.

CONTACTS

David Podesta
Gary Jeffries
Vail Williams LLP

Listing ID: 33133958
Date on Market: 2024-09-11
Last Updated:
Address: Town Ln, Staines TW19 7PZ

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Town Ln, Staines for sale Building Photo- Image 1 of 4 — Building Photo

Town Ln, Staines for sale Building Photo- Image 2 of 4 — Building Photo

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