Orchard Lea. Drift Road, Winkfield, Berkshire SL4 4RU. Prime Residential Development Opportunity Freehold For Sale With Residential Planning Consent

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1 Orchard Lea Drift Road, Winkfield, Berkshire SL RU Prime Residential Development Opportunity Freehold For Sale With Residential Planning Consent On the instructions of

2 Orchard Lea Drift Road, Winkfield, Berkshire SL RU An exciting opportunity to acquire this prime residential development opportunity in one of Winkfield s most sought after locations. Orchard Lea sits in attractive and mature grounds of 1.7ha (.2 acres), in close proximity to both Ascot and Windsor. EXECUTIVE SUMMARY Prime residential development opportunity Detailed planning permission for an all private residential scheme comprising 10 high quality new build apartments and x 3 storey character family houses. Site lies within attractive grounds extending to approximately 1.7 ha (.2 acres) Unconditional offers sought for the freehold interest Vacant Possession on completion. Site Overview Location Orchard Lea is located 2.9 miles (.6 km) north east of Winkfield village and 1.9 miles (3.0 km) south west of Windsor. The site lies within the administrative boundary of Bracknell Forest District Council which has a population of approximately 5,900 people. The site also straddles the administrative boundary of the adjoining Royal Borough of Windsor and Maidenhead (RBWM) which has a population of approximately 1,560 people. Winkfield has access to mainline railway stations located in Windsor providing access to London Paddington in approximately 33 minutes and London Waterloo in approximately 1 hour. Bus services running from Winkfield Road provide access into Windsor in approximately 35 minutes. The site has excellent access to the national road network. Junction 3 of the M3 is located approximately 9 miles (1.5km) to the south. Junction 13 of the M25 is located approximately 9. miles (15.0 km) east and junction 6 of the M is located approximately 3.1 miles (5km) to the north. Site Description The site is currently occupied by a three storey office building and associated car parking set within mature and attractive grounds of 1.7 hectares (.2 acres). The site is located to the north of Winkfield Lane and to the west of Drift Road. The area to the north and east of the site is characterised by open countryside together with relatively large, substantial detached dwellings along Winkfield Lane. There is considerable mature tree cover on the site, especially around the boundaries fronting to Winkfield Lane and Drift Road. Computer Generated Image: Side Elevation (Apartment block) Computer Generated Image: Front Elevation

3 Orchard Lea Drift Road, Winkfield, Berkshire SL RU Location Map Site Plan A1(M) 6A 21 OXFORD AMERSHAM A1 WATFORD 5 MARLOW HARROW M A 9b 9a WEMBLEY MAIDENHEAD A0(M) A0(M) A308(M) B 5 WINDSOR A READING 13 2 A RICHMOND A316 R T HA ME S VE RI M25 3 WEYBRIDGE A3 CAMBERLEY A30 3 STAINES 2 12 BRACKNELL A3095 M A30 Orchard Lea A329(M) HEATHROW A A0 UXBRIDGE SLOUGH 8/9 M M1 M25 HIGH WYCOMBE WOKING A FARNBOROUGH M23 GATWICK 9 Indicative Boundary Only NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. Crown copyright licence number Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

4 Orchard Lea Drift Road, Winkfield, Berkshire SL RU Planning The site falls within the jurisdiction of Bracknell Forest District Council and The Royal Borough of Windsor (RBWM). There are no listed buildings, and the site is not located within a conservation area. However, the site does fall within the Green Belt. Current Planning Permission The site has the benefit of full planning permission (15/0057/FUL) granted in September 2015 for Part redevelopment of existing office buildings to provide 1 residential units (Class C3) together with s, balconies, hard and soft landscaping, open space and reconfiguration of car park and closure of entrance off Winkfield Lane. The site straddles the administrative boundary with the Royal Borough of Windsor and Maidenhead (RBWM) and a duplicate application has been submitted to that Authority. The vast majority of the site lies within Bracknell Forest, including all the existing and proposed buildings, however the Drift Road access and a narrow strip of land within the site adjacent to Drift Road is within RBWM. Planning History On the 31st August 2005 planning permission was granted for a change of use from office (Class B1) to residential to provide 23 no. two bedroom flats with associated parking and access (LPA Ref: 0/00989/FUL). On the 22nd November 2010 planning permission was granted for an extension of the time limit to implement the above planning permission (LPA Ref: 10/00573/EXD). The permission remains extant and expires on 22nd November Highways & Access Access to the majority of the proposed development will be from the existing site access off Drift Road with one of the houses (House 1) accessed via an existing vehicular entrance off Winkfield Lane. Two existing access points off Winkfield Lane will be closed although one will be retained for use by pedestrians/cyclists only. We understand both roads are adopted highways. Local Market Update UK house prices in April to June 2015 were 1.0% higher than the previous three months (January- March 2015) and.2% higher than the same period in 201. In addition to house price growth, transactions also increased in the last year. In the year to March ,00 residential transactions occurred in the UK, a 7.1% increase on the year to March 201 (106,810 residential transactions). House prices in Bracknell Forest have increased above the UK average. The Land Registry, probably the most reliable source as it is based on actual sales (but lags behind the other indices), shows an increase in average sales prices over the year to June 2015 for Bracknell Forest of 12.0% from 27,766 to 265,201. In our professional view this contrast to the national average adds to the desirability of the area for housebuilders. Record low mortgage rates, a clear election result and a positive economic outlook are all leading to increased demand for housing. However, the increased supply of new homes continues to lag behind the level of the 2000 s and the projected housing need of 20,000 homes per year for England. 125,120 new homes were completed in the year to March 2015 in England up from 112,00 in the year to 201. Savills forecasts that house prices in the South East will increase by 26.% over the next five years, a greater amount than the UK which is forecast to see house prices increase by 19.3% over the same period. It is likely that commuter locations will absorb much of this growth and we would expect developers to factor this into their purchasing decisions. Our data shows that national greenfield development land values have increased in the second quarter of 2015 by 0.9% whereas urban development land values have increased by 3.7% in the same period. Whilst in some areas of the country Proposed front elevation land values are stagnant and or seeing some falls, high demand, low supply markets such as London commuter locations are seeing interest from local, national and London based developers looking for opportunities outside the capital, an associated high number of bids per site and increases in development land values achieved. The South East now ranks as the highest value development land market outside of London.

5 Orchard Lea Drift Road, Winkfield, Berkshire SL RU Consented Scheme And Layout (Ref. 15/0057/FUL) The scheme proposes the demolition of the existing 1980 s office extension and its replacement with a new build detached block of 10 x high quality apartments. In addition, the older part of the building is retained and extended to create x 3 storey family houses each with its own enclosed garden and garaging. Existing site access retained. Subject to the necessary consents there is potential for a more intensive development of the site. Houses (Refurbishment) Plot Number Accommodation GIA (sq ft) GIA (sq m) 1 5 bedroom house 3, bedroom house 3, bedroom house 3, bedroom house 2, Total 12,721 1,182 Apartments (Newbuild) Plot Number Accommodation GIA (sq ft) GIA (sq m) 1 2 bedroom apartment 1, bedroom apartment 1, bedroom apartment 1, bedroom apartment 1, bedroom apartment 1, bedroom apartment 1, bedroom apartment 1, bedroom apartment 1, bedroom apartment 2, bedroom apartment 2, Total 17,606 1,636 Site boundary Refuse store Bike shed P R O P O S E D S I T E P L A N Application Ref. 15/0057/FUL Communal gardens Communal gardens Controlled communal woodland planting Apartment garden Apartment 3 garden APARTMENT BLOCK Apartments 1 to 10 gravel path gravel path 3 2 Site entrance closed off 1 Existing brick garden wall retained for privacy. Existing site entrance / exit retained for House 1 drive. parking Apartment 1 garden Apartment 2 garden parking planting

6 Orchard Lea Drift Road, Winkfield, Berkshire SL RU Tenure The site is to be sold freehold with vacant possession to be given on completion. Method Of Sale The site will be sold by way of an informal tender unless sold prior. Offers are sought for the freehold interest on a strictly unconditional basis. The Vendor does not undertake to accept the highest or any offer and reserves the right to proceed with a sale of the whole or parts without further announcement. VAT Value Added Tax (VAT) will be charged on the sale of the land. Guide Price 5,500,000 + VAT Inspections Viewings are strictly by appointment only, please contact the us to make an appointment. Further Information Further information relating to the planning consent and the Property is available at: Contact For further information please contact: Savills Guildford Bob Shattock bshattock@savills.com Jed West jwest@savills.com Alice Sewell asewell@savills.com Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: September 2015