Land off A51 and Power Station Road, Rugeley, WS15

Description:
The site comprises a parcel of land extending across approximately 0.23 hectares (0.57 acres) in a prominent position, close to a number of retail premises including Premier Inn, McDonalds, KFC and Tesco. The site is bound by the A51 to the east, Power Station Road to the west and the consented Lidl site to the north.

Location:
The site is situated approximately 1-mile south-east of Rugeley town centre, fronting a roundabout on the A51 at the junction with Power Station Road, therefore providing immediate access to Rugeley's main arterial routes.

The land is located immediately south of the proposed Lidl food store, in a prominent position between Trent Business Park, Towers Business Park and the proposed new residential development of 2,300 units on the site of the former power station.

Planning:
The property falls within the administrative boundary of Cannock Chase District Council and provides significant opportunity to develop the site. The adjacent site has consent for the erection of a retail food store (application number CH/20/306WCA). Purchasers are advised to make their own enquiries for the subject site to the Local Planning Authority.

The site is situated adjacent to land that was identified for employment within the Cannock Chase Employment Land Availability Assessment in 2022.

Method of Sale and Requirements:
Offers are sought for the freehold interest of the subject land on an unconditional and conditional upon planning only basis via informal tender. The closing date for offers to be submitted is by 13:00pm on the 28th February 2024.

The property will be sold on a freehold basis subject to a restriction on use. Any future change of use will be subject to overage provisions based upon payment of 50% of the net uplift in value for a period of 25 years from the date of transfer.