1 galbraithgroup.com Stirling Road, Larbert, FK5 4WRgalbraithgroup.com Residential Development Site

DEVELOPMENTStirling Road, Larbert, FK5 4WR

2 galbraithgroup.com Stirling Road, Larbert, FK5 4WR

LOCATION

The land is located on the western edge of Larbert located a short distance to the south of the Forth Valley Hospital and to the west of the town centre. Larbert is a popular commuter town and has excellent East-West-connectivity with a mainline rail station within walking distance of the site, with regular services to Edinburgh (approx. 40 mins) and Glasgow (approx. 30 mins). The town is also well located for access to the national road network with the M9, M80 and M876 motorways all within 3 miles.

Local amenities can be found on Main Street a short distance to the south east including, local convenience stores, hairdressers, takeaway restaurants, professional service and a pharmacy. Further services are available to the east in Stenhousemuir, including an Asda supermarket and other national retailers.

Nearby primary and secondary schooling is available at Larbert Primary School located on Main Street and secondary schooling at Larbert High School on the southern edge of the town.

M9

J6

J5

M9

J7J8

M80

M80M876

M876

J1

J2

J5

J4

M876

M9

A9

A9

A9

A904

A803

A9

FalkirkBainsford

Callendar Park

Glensburgh

Laurieston

Grangemouth

Larbert

Camelon

Polmont

Bonnybridge

Denny

Stenhousemuir

Torwood

Glen VillageRedding

A88

A883

A803

A905

A88

A803

A883

B902B902

DESCRIPTION

The site is located on the western edge of Larbert. The site is irregular in shape and extends to approximately 10.94 acres (4.42 hectares). The land is currently in agricultural production and bounded to the east by Stirling Road, to the north by the Forth Valley Hospital and the west by agricultural land that forms the open space provision associated with the future development of the site.

It is proposed the land will benefit from direct access from Stirling Road.

KEY FEATURES

• Approximately 10.94 acres (4.42 hectares)

• Planning permission in principle for residential development

• Prime development site for 60 units with scope for additional units

• Located within popular town of Larbert

• Excellent access to Central Scotland, the M80, M9 and M876 motorways

• Direct access from a public highway

• Services adjacent to site

• Signed Section 75 agreement

• Technical Information available

• Offers Invited

3 galbraithgroup.com Stirling Road, Larbert, FK5 4WR

DATA ROOM AND TECHNICAL INFORMATION PACK

A technical information pack has been prepared, containing relevant information in relation to the planning consents, masterplan drawing, design and access statement, service infrastructure plans, site investigation report, drainage strategy survey, archaeological survey and other information required by interested parties to undertake the necessary due diligence to quantify their bids to purchase.

The pertinent information is available via an online data room – please contact Galbraith for access.

Alternatively, the planning permission in principle (P/17/0632/PPP) can be viewed on the Falkirk Council’s planning portal: http://edevelopment.falkirk.gov.uk/online/simpleSearchResults.do?action=firstPage

ORThe planning appeal documents (PPA-240-2055) can be viewed on the Scottish Government’s Planning and Environmental Appeals Division website: http://www.dpea.scotland.gov.uk/CaseSearch.aspx?T=1

Any further planning enquiries can be directed to Falkirk Council: 01324 504 748 or dc@falkirk.gov.uk

PLANNING

The site benefits from a resolution to grant planning permission in principle issued by the Reporter on 6th December 2018.

Planning ApplicationFalkirk Council Planning Ref: P/17/0632/PPPProposal: Proposed Residential Development, Access, Landscaping, Open Space and Associated Works

Scottish Government Appeal Ref: PPA-240-2055Date of decision: 6th December 2018

An indicative masterplan has been designed to provide predominantly medium to low density housing with a mix of detached, semi-detached and terraced housing. The planning consent has an indicative capacity for 60 houses. It is considered that there is scope to increase the unit numbers through a detailed planning application.

A Section 75 agreement has been signed covering education contribution, affordable housing provision and open space requirements. It is proposed that the field immediately to the west of the development site will be used to facilitate the open space provision associated with the development site, being accessible to the public and facilitating links to nearby woodland.

The Section 75 confirms that at least 25% of the units will be delivered as affordable housing on-site.

An area of land to the south of Quintinshall Road extending to approximately 2.57 acres (1.04 hectares) has been set aside as a SUDS area. The land between the development site and the SUDS area is owned by our client and all necessary drainage rights will be granted.

4 galbraithgroup.com Stirling Road, Larbert, FK5 4WR

METHOD OF SALE

OFFERS ARE INVITED FOR THE FREEHOLD INTEREST IN THE SITE WITH VACANT POSSESSION.

As noted in these particulars we consider there is scope to increase the density on site. Accordingly, we will consider offers on a compliant basis (offering on the basis of 60 units with overage) and non-compliant offers (offering on the basis of 60+ units).

Offers should be presented in heads of terms format and should include the following minimum information:

• Bidding party name, company name and status

• Headline/Greenfield Price and method of payment

• Conditions of purchase

• Proposed use, total unit numbers/total sales area (sq ft/m)/headline sales prices (sq ft/m) with proposal for overage payments on subsequent uplifts above these baseline figures

• Proposed timescales for further due diligence and anticipated key delivery dates for submitting a planning application

• Anticipated constraints and issues

• Proof of funding

• Requirement for Board approval and other third party approval

• Legal representatives details

A deposit of £75,000 will be paid on the conclusion of missives, the deposit will be non-refundable but deductible from the purchase price.

Interested parties will be notified of a closing date and requested to submit a heads of terms offer. Galbraith will issue the required form of offer to interested parties on notification of the closing date. The form of offer will include the minimum information required and timescales.

We recommend that interested parties note their interest in the site in order to be kept informed of any closing date and to receive any additional pertinent information.

It is expected that interviews will be held with selected bidders. Once a preferred bidder has been selected it is expected that an offer to sell will be issued by our client’s solicitor.

The masterplan is indicative and does not form part of the PPiP

OPEN SPACE

SUDS

The Agents for themselves and for the vendors or lessors of this property whose agents they are give notice that:(i) the particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of the Agents has any authority to make or give any representation or warranty whatever in relation to this property.

Galbraith is a trading name of CKD Galbraith LLP registered in Scotland number S0300208 with registered address 59 George Street, Edinburgh, EH2 2JG

Date of publication: April 2019

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VIEWING AND FURTHER INFORMATION

The site is open and may be viewed without prior appointment, however, parties are asked to give due courtesy to owners of the property and to give due consideration to bio security risks and welfare of any livestock present on the subjects.

Any enquiries or requests for further information should be directed to the sole selling agents as undernoted.

LEGAL COSTS

Each party will be responsible for bearing their own legal costs. The purchaser/s will be responsible for LBTT, registration dues and VAT incurred in connection with the transaction.

Gladman Scotland2 Eliburn Office Park,

Eliburn,

Livingston,

EH54 6GR

Michael Izzim.izzi@gladman.scot

01506 424 935

Lynsey Fraserl.fraser@gladman.scot

01506 424 933

Galbraith

Suite C,

Stirling Agricultural Centre,

Stirling,

FK9 4RN

Harry Stottharry.stott@galbraithgroup.com

01786 434 630

07909 978 644

Chris Addison-Scottchris.addison-scott@galbraithgroup.com

01786 434 625

07717 581 741