Development Opportunity, Stirling, Stirling, FK7 7HP, GB
The subjects comprise an area of land that is generally flat and zoned for residential development extending to approximately 59.30 acres.
The subjects are bound by the river forth to the north and main street to the south.
Existing residential properties bound the property to the west and agricultural land lies to the east.
Planning the subjects are allocated within the stirling local development plan for 400 houses (proposal h077 east fallin).
The site has been included in the stirling housing land audit and is an important part of the established housing land supply.
Development requirements include the preparation of a masterplan for approval by stirling council.
Development of the site must front onto main street and be well integrated with the existing houses in the village.
The site has previously been subject to an option with a developer which has now expired.
The option holder submitted a planning application for residential development with associated access roads, open space, landscaping, suds and ancillary facilities under planning reference 15/00146/ppp.
This application has now been withdrawn.
It should be noted that an access solution to the site has been agreed with stirling council.
It should be noted that the option holder had extensive discussions with stirling council and managed to agree in principle an affordable housing requirement of 10% as opposed to 25% set out in the affordable housing supplementary guidance.
Furthermore, discussions were held over education and regeneration contributions.
The final contribution amounts were not agreed and we consider there is scope for further discussions/agreement with stirling council.
The ldp confirms that the site should be developed in 3 phases – 100 units in phase 1 up to 2019, a further 100 units in phase 2 from 2019 to 2024 and 200 units in period 2 from 2024 to 2034. it should be noted that there may be scope to increase the number of units through further consultation with stirling council.
Method of sale offers are invited for the freehold interest in the site with vacant possession.
Consideration will be given to offers for the land in phases.
In the event a closing date is set, interested parties will be notified of a closing date and requested to submit a heads of terms offer.
Galbraith will issue the required form of offer to interested parties on notification of the closing date.
The form of offer will include the minimum information required and associated timescales.
We recommend that interested parties note their interest in the site to be kept informed of any closing date and to receive any additional pertinent information.
It is expected that interviews will be held with selected bidders with a view to appointing a preferred bidder.
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Property facts for Land at Fallin, Stirling
The subjects comprise an area of land that is generally flat and zoned for residential development extending to approximately 59.30 acres. The subjects are bound by the River Forth to the north and Main Street to the south
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