Method of Sale.
Where good ideas
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A Sales and Technical Information data area is available via Avison Young and can be accessed here.
The data room content has been compiled by Avison Young in their capacity as advisers to the Vendor. This has been compiled from information supplied by the Vendor and information available in the public domain. The technical information is provided solely for use by recipients in considering their interest in submitting an offer for the acquisition of all or any part of the Property.
Please be advised that plans, drawings and other information on the data site are protected by copyright, patent and warranty laws. The information provided should be used for consultations and illustrative purposes only. Therefore no reliance should be placed on the information or further copies made without the permission of the copyright owner.
A partnership between the City of Wolverhampton Council and Canal & River Trust is seeking to create an identity of excellence for the city centre by bringing forward a unique residential led Canalside waterfront scheme known as Canalside Quarter South. This major development opportunity is identified in the Council’s City Centre Area Action Plan and within the city’s Investment Prospectus as part of the wider Canalside area.
A Planning Guidelines document, referring to Planning Policy that relates to Canalside South is provided within the sales and technical information data area.
Early consultation with City of Wolverhampton Council Planning Department is encouraged. Developers should also engage with the Canal & River Trust through their pre-application process.
City of Wolverhampton Council and Canal & Rivers Trust are seeking to identify and appoint a Development Partner (or Development Partners) to develop a high quality residential-led waterside scheme which offers an exemplar sustainable city centre development with connectivity to Wolverhampton’s Transport Interchange.
The Vendors are seeking offers for the freehold interest in the site on a subject to planning basis.
It is anticipated that the purchaser will exchange contracts, conditional on planning, to acquire a long leasehold interest. Following the satisfactory discharge of the planning condition, a long leasehold interest for the entire planning application site will be granted and the freehold interest transferred to the purchaser on practical completion of the development.
The property is being sold by Informal Tender. All offers submitted should be supported by satisfactory proof of funds, timescales for exchange and completion and should include details of scheme proposals, projected timescales for development and details of any conditions to be satisfied.
Offers submitted should have regard to the Sales Particulars, Tender Instructions and be submitted using the Offer Proforma which is available to download within the Data Room.
Subject to planning offers for the freehold interest in the site are invited no later than 12 noon on Friday 17th December 2021.