* Freehold
* Freehold greenfield land
* Grade 3/4 agricultural land
* Subject to a Promotion Agreement with a
* National Promoter
* Potential for development (subject to
* Necessary consents)
* Land measures approximately 14. 63 acres
* (5. 92 hectares) or thereabouts. (Property is
* Outlined red on the plan on this page)
* Land shaded blue on the plan on the right
Approximately 14. 63 acres (5. 92 ha) of strategically located land with
potential for development (subject to necessary consents). We are inviting
offers by 12pm on Friday 8th September.



Description
The Property comprises of two parcels of land, laid to permanent pasture,
which are located on the western edge of Codsall. The northern parcel of land
borders a combination of residential properties and equestrian paddocks along
the western boundary. The eastern boundary is bordered by Slate Lane and
beyond this lies a combination of bungalows and two storey properties. The
northern boundary is bordered by Wood Lane and the southern boundary is
bordered by Moatbrook Lane, which is where the primary access for the Property
is located. The southern parcel of land is bordered by Moatbrook Lane to the
north and Strawmoor Lane to the south, which is where the Property is accessed
from. The southern boundary is then bordered by third party land. Both parcels
of land are generally flat in topography.
The Property is located within the West Midlands Green Belt. Natural England’s
Land Classification Maps for the West Midlands shows that the Property
comprises a mix of Grade 3 ‘Good to Moderate’ quality agricultural land and
Grade 4 ‘poor’ quality agricultural land.
The Property is subject to a Promotion Agreement along with third party land
(shaded blue on the plan on page 2).
The Vendor and the third party landowner within the Promotion Agreement have
an Option Agreement in place on the land shaded green as per the plan on page
2, to assist with the highways provision to serve any future development.
Further details on the Option Agreement can be provided on request.
Situation
The Property is located on the western outskirts of the Codsall (Classified as
a Category 1 settlement) which has a population of 11, 860 (as per the 2021
census). Codsall provides a good range of shops, including supermarket and
community and health facilities. South Staffordshire Council offices are based
in Codsall, and there are both middle and high schools plus a leisure centre.
Codsall has a frequent bus service to Wolverhampton and has good access to the
M54 motorway. Codsall benefits from having two stations (Codsall and Bilbrook)
which provide a direct train into Birmingham.
Codsall benefits from good transport links with the A41 (approximately 1. 5
miles), M54 Junction 2 (approximately 4 miles), M6 Junction 11 (approximately
7 miles) and the M5 Junction 2 (approximately 13 miles).
Codsall is located within close proximity to major settlements with
Wolverhampton (approximately 5 miles to the east), Telford (approximately 14
miles to the west), Stafford (approximately 16 miles to the north), Birmingham
(approximately 22 miles to the east) and Shrewsbury (approximately 28 miles to
the west).
Planning
The Property is located within South Staffordshire Council. The adopted
planning framework is made up of two documents being the Adopted Core Strategy
Development Plan 2012 and the Site Allocations document which sets the
planning framework for South Staffordshire and contains sites for new housing
and employment along with the policies used to decide planning applications.
South Staffordshire Council began review of the current Local Plan in 2018 and
as part of this process they have undertaken the following process:
1\. Carried out the first consultation of the review of the Local Plan, known
as Issues and Options from Monday 8th October until Friday 30th November 2018.
2\. Spatial Housing Strategy and Infrastructure Delivery consultation took
place from Thursday 17th October until Thursday 12th December 2019. The
consultation focused on broad locations for housing growth and the
infrastructure it would require.
3\. The preferred options consultation took place from Monday 1st November
until December 11th 2021.
4\. The Publication Plan consultation took place from Friday 11th November up
until Friday 23rd December 2022.
The Promoter submitted representations for the subject Property (including the
third - party land to the south) towards the South Staffordshire Local Plan
Review (November 2021) and The South Staffordshire Regulation 19 consultation
(November 2022).
Services
Prospective purchasers must satisfy themselves as to the availability of
services and future connections.
Tenure and Possession
The Property is held freehold under Land Registry title numbers SF548235 and
SF431422. The Property is offered freehold subject to a Promotion Agreement
(exchanged on 19th November 2021 – 13 - year Longstop Date).
Overage Clause
The Property is offered for sale with overage provisions whereby a proportion
of any increase in the value of the Property from the grant of planning
permission will be payable to the Vendors (or their successors in title) as
follows:
The Property is offered for sale with an overage provision with an uplift
percentage of 30% of any increase in value for a period of 30 years. Such
overage to be triggered by any development (as defined within Section 55 of
the Town and Country Planning Act 1990) and payable upon implementation or a
future sale with the benefit of a consent/s.
Mineral, Sporting and Timber Rights
Far as they are owned, the mineral, sporting and timber rights are included in
the freehold sale. Interested parties are to undertake their own
investigations and satisfy themselves on these rights.
Local Authority
South Staffordshire Council, Histons Close, Codsall, Wolverhampton, WV8 1PE.
Public Rights of Way, Wayleaves and Easements
The Property will be sold subject to and with the benefit of all Rights of
Way, Wayleaves and Easements, whether mentioned in these particulars or not.
Plans and Boundaries
The plans and schedules within these particulars are based on ordnance survey
data and are provided for reference only. They are believed to be correct, but
accuracy is not guaranteed. The Purchaser shall be deemed to have full
knowledge of all boundaries and extent of ownership.
Neither the Vendor nor their agent will be responsible for defining the
boundaries or the ownership thereof.
**VAT**
Any guide price quoted or discussed is exclusive of VAT. In the event that a
sale of the Property or any part thereof or any right to it becomes a
chargeable supply for the purposes of VAT, such tax will be payable in
addition to the sale price.
Vendor’s Solicitor
Andrew Querelle of Spratt Endicott, Linden House, 55 Bar Street, Banbury,
Oxfordshire, OX16 9AB.
Viewings
Strictly by appointment through the selling agent. The Property must not be
entered unless an appropriate risk assessment has been undertaken and due care
must be taken at all times.
The Landowner nor their agent take any responsibility for loss of injury on
site and all viewings are undertaken at your own risk.
Directions
Postcode – WV8 1DW
We are inviting offers by 12pm on Friday 8th September 2023.

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