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ST OSYTH PRIORY FOR SALE??




Following the deluge of telephone calls I have received from residents asking if I knew anything about the ‘For Sale’ notice erected on our Bury, a copy of which is shown above, I felt a little explanation might be in order.

First I must make this point. Do not regard this ‘For Sale’ notice as though it were a notice in the front garden of one of your neighbours. In such a case you are entitled to read into that notice, the owner’s intention to sell up and move elsewhere.
This particular For Sale notice on the Priory is one that Sonia Grantham our Parish Council Chairman, advised Council members to expect as part to the process the Sargeant family and their Company City & Country Group, have to undertake as part of seeking the ‘Enabling Development’ which they hope will allow the building of the 190 properties behind the Priory Walls, first spoken about during their public open days at the end of January 2010, when a Bidwells agent explained the proposals.



This development is intended to raise sufficient money to restore the Priory and halt its decline. The process of advertising the property for sale is called ‘Market Testing’. On offer are the Priory buildings set in 20 acres of land,(enclosed by the red line on the Bidwells plan above) but vast bulk of the land belonging to the Priory, including the land on which the housing development is proposed, all of which was part of the original sale in 1999, is NOT included in this sale offer.

In the most straightforward case it would seek a purchaser who is prepared to buy the Priory, warts and all, discharging the financial responsibility of the present owners to someone who can fund repairs from their own resourses or perhaps need a much smaller enabling development to fund the balance of repairs.

In this case we can speculate that if a suitable buyer does not come forward then the Priory owners will be able to rightly claim that they have sought a purchaser, without success and therefore the only way to restore the buildings fabric is through them as the present owners being permitted an Enabling Development.

One has to assume that City & Country Group are well versed and advised on all aspects of the development of historic buildings or estates, since their web site describes them as “the market leading heritage developer in the south east”.

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If you want to view the whole sale brochure click the URL below and follow the link to brochure, but it is a large file at nearly 16MB

Access Full Sale Brochure

M.J.T.
6/8/10.


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