Lostock Lane, Bolton

Residential Development Land

Reserved Matters Approval for 200 Dwellings

> Excellent links to M61
> Close proximity to Middlebrook Retail Park
> High Profile Site Frontage

Location

The land is located off Lostock Lane and is part of a proposed mixed use development.

Junction 6 of the M61 provides quick and easy access to the regional and national motorway network via the M61 and therefore offers easy commuting to Manchester, Bolton, Chorley or Preston by car.

The local rail station is Horwich Parkway which is located within a quarter of a mile of the site. The station provides a regular service between Preston and Manchester.

Middlebrook Retail and Leisure Park is situated within a quarter of a mile of the site and it offers national representation in the form of two major supermarkets, a multiscreen cinema, restaurants and the Macron Stadium home of Bolton Wanderers Football Club.

Horwich town centre is situated approximately 1/2 mile away and offers a range of local retail and leisure facilities.

Lostock Lane, Bolton

The Site

The site extends to 11.61 acres in total and has two proposed access points from Lostock Lane, the two points of access are the subject of a separate planning approval. The land is currently occupied by industrial buildings and hardstanding.

The northern and eastern boundaries of the site are made up of a modern housing development. To the south of the proposed housing development is land which is in the ownership of FI Real Estate and is the subject of a proposed commercial development for up to 65,000 sq. ft of B1/B8 uses.

Lostock Lane, Bolton

Planning

FI Real Estate have secured a reserved matters planning approval for the development of 200 units on 11.61 acres of residential land. The permission for the residential area was part of a wider mixed use scheme (reference 78297/07) which includes the commercial development of B1 and B8 uses.

Access to the site is the subject of a separate planning application (planning reference 03277/18) which provides for two access points from Lostock Lane, one to serve the commercial development and a second to separately serve the residential development.

The Section 106 Agreement provides for a contribution of £60,000 towards public open space.

Services

A services report is available within the technical pack, however interested parties should make their own enquiries about the availability of services.

Facilities

Middlebrook Retail Park is situated in close proximity and offers an extensive range of retail and leisure facilities including a multiscreen cinema. In addition Horwich town centre is located within 1/2 mile of the site where there are a further range of local retail and leisure providers within the town centre.

The property is situated within 2 miles of Rivington Country Park a locally renowned leisure facility with an extensive range of outdoor leisure opportunities. The West Pennine Moors are also in close proximity with access to a further wealth of walking and outdoor leisure options.

Technical

A full suite of technical information is available to download via the dataroom, which can be accessed on this website.

Interested parties can access the dataroom with a username and password that is provided upon request.

The dataroom includes the following information:
• Planning Permissions and accompanying reports
• Phase 1 and Phase 2 Site Investigations
• Remediation Strategy
• Report on Title
• Design and Access Statement
• Flood Risk Assessment
• Topograhpical Survey
• Guidance for Bidders
• Services Report

Method of Sale

Unconditional offers are invited on the basis of the approved proposals for 200 units. Further consideration may be given to offers on a subject to planning basis, provided that they are made on the basis of a plot substitution.

The closing date for offers is 12 noon Wednesday 26th September. Offers submitted via email are acceptable.

VAT

The seller has elected to waive the VAT exemption and therefore VAT will be payable by the purchaser on legal completion in addition to the purchase price. The buyer will be provided with a VAT invoice to facilitate recovery of the tax.