Land for sale Oxford Canal

[sharpness]

Advert in the January 2020 Waterways World.   654 sq m  45m canal frontage

https://www.brown-co.com/properties/12699655/sales#from-grid

Vendor has added a development clawback clause of 30% for 40 years!!!!!!!

I haven't seen this mentioned anywhere on CWF

[Slim]

Know the spot well. Pity they don't include a photo of the verge between the road and the property. In the last few years 'boaters' have parked their cars on it to the point where it resembles a shot from the Somme.

[mrsmelly]

Its very well kniwn in the area, near to " Hot tub " bend. VERY busy noisey road and been boats parked there for years. One of the x moorers is here for the winter.

[john6767]

Isn’t that right by a main road, so really not worth much at all, well at least to me it’s not.

Edited December 17, 2019 by john6767

[sharpness]

18 minutes ago, john6767 said:

Isn’t that right by a main road, so really not worth much at all, well at least to me it’s not.

Nor to me, but someone obviously thinks it is at £120,000

[peterboat]

Oh I dont know if I had the dosh I might be tempted nice garden mooring lovely

[zenataomm]

... development clawback clause is sheer greed.

[matty40s]

6 minutes ago, zenataomm said:

... development clawback clause is sheer greed.

It's not, it's making the most of a prime undeveloped spot. 

[Alan de Enfield]

7 minutes ago, zenataomm said:

... development clawback clause is sheer greed.

Is that because you don't own it ?

It is a standard clause when there is a possibility that the land value will increase due to a change in use / planning.

[Athy]

Is this the plot where the donkeys used to live?

[peterboat]

So it would be so much fun to buy it and just use it for a mooring, with no improvements or increase in value through development, it would drive them mad ?

[David Mack]

Saw a plot of land (not canalside) recently where the clawback clause applied if and when planning permission was granted. There was no requirement for the actual development to take place. Elsewhere the agents website pointed out that in this situation, having sold the land, the previous owner could then apply for planning permission himself, and if it was given, he could force the buyer to pay the percentage of the site value uplift, even if the buyer had no intention of developing!

[roland elsdon]

Yes some of those cars appear to break the 14 day rule. Its a lovely spot .

I imagine the ppm count from the school run/ commuter run is catastrophic , after they built all the lovely new houses on the hill going out without any services. ( unless the new school is done)

Banbury rapidly returning to the dump it was in the 1980s.

[Slim]

9 hours ago, Athy said:

Is this the plot where the donkeys used to live?

Yes.

[Slim]

8 hours ago, roland elsdon said:

Yes some of those cars appear to break the 14 day rule. Its a lovely spot .

I imagine the ppm count from the school run/ commuter run is catastrophic , after they built all the lovely new houses on the hill going out without any services. ( unless the new school is done)

Banbury rapidly returning to the dump it was in the 1980s.

You should live in the Watford area. The LA latest weeze is a 28 storey tower block of flats, ,sorry,' appartments' The development will have 1200 'units' with 200 parking spaces. Seemingly no more are needed as it is close to Watford Junction station. They will provide 2 spaces for deliveries etc. and 1000 bike racks.  

[Athy]

3 minutes ago, Slim said:

You should live in the Watford area. The LA latest weeze is a 28 storey tower block of flats, ,sorry,' appartments' The development will have 1200 'units' with 200 parking spaces. Seemingly no more are needed as it is close to Watford Junction station. They will provide 2 spaces for deliveries etc. and 1000 bike racks.  

Good luck with selling flats in tower blocks these days. 

[WotEver]

5 minutes ago, Slim said:

The development will have 1200 'units' with 200 parking spaces. Seemingly no more are needed as it is close to Watford Junction station

I think London is gradually going the way of New York where very few folk own cars because there’s nowhere to park them and it’s permanent gridlock anyway. 

[roland elsdon]

42 minutes ago, Slim said:

You should live in the Watford area. The LA latest weeze is a 28 storey tower block of flats, ,sorry,' appartments' The development will have 1200 'units' with 200 parking spaces. Seemingly no more are needed as it is close to Watford Junction station. They will provide 2 spaces for deliveries etc. and 1000 bike racks.  

Nope. Moved out of ricky in 1988 too busy and crowded then.

in my opinion rule line at  A 43 and keep anyone south of it inside it. 

[MtB]

48 minutes ago, Slim said:

The LA latest weeze is a 28 storey tower block of flats, ,sorry,' appartments' The development will have 1200 'units' with 200 parking spaces.

 

That seems an unnecessarily large number of parking spaces for each 'unit'.  Most of the new build flats around here only have one space per 'unit', if that. 

 

And given the pleasingly unreliable electric heating systems they usually have, one space per flat is rarely enough for all us boiler technicians visiting every day. 

 

 

 

 

[rustynewbery]

Banbury's Southam Road is a nightmare, often gridlocked any time during the day. Amazon have a humungous distribution hub behind the existing house.  So very visible for the yobs that frequent the area and no security whatever.  Humbug?

[Boater Sam]

Don't disregard the daily stink from the food factory at the next road junction, it can be overpowering. Handy for Tescos, B&Q etc. though!

[Tonka]

why hasn't the present owner applied for planning permission. Surely he could then sell it for a lot more

[Mike Todd]

19 minutes ago, Tonka said:

why hasn't the present owner applied for planning permission. Surely he could then sell it for a lot more

The situation is quite common: someone owns a piece of land that is no longer used but does not have the resources to obtain PP (it can be expensive especially in unusual cases) and also requires some presupposition of the eventual use. Hence it is sold with an uplift clause - this will be priced in by the purchaser/developer who will know what he/she expects to gain in the process. Unlikely to be bought for a land bank, I would have thought, if it is not very valuable for housing purposes.

[Tim Lewis]

5 hours ago, Slim said:

You should live in the Watford area. The LA latest weeze is a 28 storey tower block of flats, ,sorry,' appartments' The development will have 1200 'units' with 200 parking spaces. Seemingly no more are needed as it is close to Watford Junction station. They will provide 2 spaces for deliveries etc. and 1000 bike racks.  

Many London councils now have a zero parking policy for new developments, Near to me in Barking there are over a thousand flats being built with a total of 20 disabled parking spaces and no others!"

[peterboat]

I suppose that is one way to reduce pollution what about heating that's a big one hopefully lots of insulation and air source would be best