Former golf course site – contracts exchanged with Redrow Homes
Contracts have been exchanged with Redrow Homes on the former golf course site in Amington.
It is hoped that the sale contract will be finalised and the sale process will be completed within four to six weeks, following a period of due diligence.
The land was sold for an eight-figure sum – however, Redrow has requested that the precise amount remains confidential due to commercial reasons. Redrow is entitled to seek a commercial confidentiality clause, which means the company does not disclose the price it has paid for the site. Tamworth Borough Council is obliged to respect this confidentiality under Schedule 12A Part 1 of the Local Government Act 1972.
The capital payment for the site will be made in tranches over the next three years and will be reflected in the Council’s accounts for the years in which the receipt is received.
The 60 hectare site off Eagle Drive in Amington has outline planning permission for the building of up to 1,100 homes, along with a new primary school, extension to Hodge Lane Local Nature Reserve and community woodland.
Redrow Homes has entered into a Section 106 agreement to ensure that the development provides benefits for the whole borough and its residents. The Section 106 agreement for the development of the former golf course site includes:
• 20% affordable homes on the site
• A new primary school providing 420 places, including nursery provision
• £3.5m for the improvement of secondary and sixth form education
• £1m towards the provision of a new leisure centre to serve all of Tamworth
• £500,000 for improved provision of sports pitches across the borough
• £500,000 for the creation of the new community woodland
• £1.2m for the creation and maintenance of public open space, natural play area and sustainable urban drainage system
• A new bus service running between the development and Tamworth town centre from 7am to 7pm, Monday to Saturday, in response to a large number of requests from Amington residents.
A total of 25 hectares – 42% of the site – will be developed as new public open space. The two main features are the seven-hectare extension to the Hodge Lane Local Nature Reserve and the creation of a new community woodland featuring oak trees with picnic areas, accessible trails, viewpoints and a community orchard, as well as a new 2.4 mile cycle and pedestrian network will be created through the site.
Redrow Homes will now have to submit a reserved matter planning application for the site, which will include details on the layout of the development and the design of the homes. The application is expected to be submitted later in the year.
Cllr Steve Claymore, Cabinet member for Economy & Education, said: “I am delighted that Tamworth Borough Council has been able to agree the sale of the former golf course site with local home building company Redrow. The development of this prestigious site will not only play a major part in meeting the growing housing need in Tamworth but also provide jobs and boost to the local and to the wider West Midlands economy.
“The sale of the land will also allow Tamworth Borough Council to safeguard vital services for the people of Tamworth in the longer term.”This entry was posted by Stacy Birt. Bookmark the permalink.