CardingtonB E D F O R D S H I R E

L A N D A T

KNIGHTFRANK.com

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Travel• cardington to A421 3 minutes (1.1 miles)

• Bedford 12 minutes

• cardington to A1 13 minutes (11.2 miles)

• M1 motorway (junction 13 via the A421) 13 minutes (11.2 miles)

• cardington to cranfield university 17 minutes (11.9 miles)

• Milton Keynes 23 minutes

• luton 33 minutes

• cardington to Bedford university 35 minutes (20.4 miles)

• central london 74 minutes

Train Times (from Bedford)

• luton 21 minutes

• london St Pancras international 44 minutes

Airports• cranfield Airport 18 minutes (11.3 miles)

• london luton Airport 33 minutes

(29.3 miles)

An opportunity to acquire an Iconic Site

not included

CARDINGTONcardington village offers a Public house, 2 x churches and an excellent farm shop. the nearby village of Shortstown offersa good range of local amenities and facilities to cover the population’s everyday needs, including a supermarket, chemist,primary school, village hall, playing fields and good road links to the A600 and A6. cardington village is best known inconnection with the cardington airship works founded by Short Brothers during World War i, which later became anrAf training station. cardington lies to the south-east of the larger town of Bedford (approximately 3.8 miles away), which provides a moreextensive range of shopping facilities, Bedford hospital, several schools, a college, the university of Bedfordshire, trainstation, doctors surgeries, a care home and leisure centres. its geographical location lends itself to be an easy distancefor commuters to travel south to london, west to Milton Keynes or north up the M1 to northampton for business orpleasure.Bedford Station offers regular fast services to london St. Pancras international and will also benefit from the £110mfunding for an east-west rail link between oxford and cambridge.

CARDINGTONcardington village offers a Public house, 2 x churches and an excellent farm shop. the nearby village of Shortstown offersa good range of local amenities and facilities to cover the population’s everyday needs, including a supermarket, chemist,primary school, village hall, playing fields and good road links to the A600 and A6. cardington village is best known inconnection with the cardington airship works founded by Short Brothers during World War i, which later became anrAf training station. cardington lies to the south-east of the larger town of Bedford (approximately 3.8 miles away), which provides a moreextensive range of shopping facilities, Bedford hospital, several schools, a college, the university of Bedfordshire, trainstation, doctors surgeries, a care home and leisure centres. its geographical location lends itself to be an easy distancefor commuters to travel south to london, west to Milton Keynes or north up the M1 to northampton for business orpleasure.Bedford Station offers regular fast services to london St. Pancras international and will also benefit from the £110mfunding for an east-west rail link between oxford and cambridge.

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THE OPPORTUNITYKnight frank are delighted to be representing our clients in the disposal of this iconic asset, which presents asignificant investment and development opportunity. 

We are seeking offers on the following basis:

corporate sale of the whole

Asset sale• Residential sale as a whole or in parcels• Hangar Investment• Airfield Parcel

Site key:

West Land Parcel (WlP)130 dwellings in 3.09 hectares (7.64 acres)

Part East Land Parcel (elP)128 dwellings in 3.66 hectares (9.05 acres)

Part East Land Parcel (elP)178 dwellings in 5.86 hectares (14.48 acres)

South East Land Parcel (SelP)167 dwellings in 7.0 hectares (17.79 acres)

R.M. East Land Parcel (elP)119 dwellings in 2.60 hectares (6.42 acres)

Shed 14.40 hectares (10.87 acres)

Spine Road (laid to base course)0.87 hectares (2.15 acres)

Remainder Spine Road2.13 hectares (5.26 acres)

Open Space1.52 hectares (3.76 acres)

Airfield, Ecological Mitigation AreaPossible Common Use (subject to planning)40.87 hectares (100.99 acres)

Total Land Area72.20 hectares (178.41 acres)

AIRFIELDPARCEL7

NOTINCLUDED

EASTPARCEL2/3/5

SOUTHEASTPARCEL4

HANGARPARCEL6

WESTPARCEL1

RESIDENTIAL Land Parcels the residential land can be purchased as a whole, which includes the West land Parcel with outline planningpermission for up to 130 dwellings, along with the east Parcel and South east Parcel that have full permission for592 dwellings, a total of 722 dwellings. Potential purchasers may also bid on an individual parcel or a combinationof parcels to suit their requirements.

Residential PARCEL

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EASTPARCEL(ELP)

WESTPARCEL(WLP)

SOUTHEASTPARCEL(SELP)

Parcel 5

Parcel 4

Parcel 2

Parcel 3

Parcel 1

How the parcels break down:

Parcel 1 West land Parcel (WlP)130 dwellings in 3.09 hectares (7.64 acres)

Parcel 2 Part east land Parcel (elP)128 dwellings in 3.66 hectares (9.05 acres)

Parcel 3 Part east land Parcel (elP)178 dwellings in 5.86 hectares (14.48 acres)

Parcel 4 South east land Parcel (SelP)167 dwellings in 7.0 hectares (17.79 acres)

Parcel 5 r.M. east land Parcel (elP)119 dwellings in 2.60 hectares (6.42 acres)

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5 3

4

1

RESIDENTIAL LAND PARCEL PLAN

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Residential PARCEL

WESTPARCEL(WLP)

WEST Land Parcel the West land Parcel has outline planning for upto 130 residential dwellings.

WEST Land Parcel the West land Parcel has outline planning for upto 130 residential dwellings.

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HANGAR Land Parcel A new 10 year lease to an institutionally sought after covenant ratedd&B 4A 1, comprising 1 fixed uplift in year 2 and annual upward onlyrent reviews thereafter to the higher of 3% or to uncapped cPi.

Investment considerations• the hangar (a.k.a Cardington No.1 Shed) comprises a grade ii listed

building of c. 208,443 sq ft (19,365 sq m) giA of high qualityaccommodation with a highest internal unobstructed clear spaceof 48 m. the property has recently undergone a full refurbishmentcosting in excess of c. £11.00M.

• the property is let on a new 10 year effective FR&I leasefrom 4th January 2017, providing an unexpired termcertain of c. 10 years.

• let to an institutionally sought after covenant ratedDun & Bradstreet 4A 1.

• Subject to contract and exclusive of vAt.

commercial PARCEL

HANGARPARCEL

6

land PARCEL

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AIRFIELDPARCEL

7

AIRFIELD Land Parcel the Airfield Parcel stretches to over 100 acres and includes the ecological Mitigation Area anddrainage Ponds that service the whole site. this area is considered to have further opportunitiessubject to planning.

AIRFIELD Land Parcel the Airfield Parcel stretches to over 100 acres and includes the ecological Mitigation Area anddrainage Ponds that service the whole site. this area is considered to have further opportunitiessubject to planning.

...in And Around CARDINGTON

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Information PackAn information pack is available on our data roomfound at the following address:

• https://knightfrank.sharepoint.com/sites/Extranets/landatCardington

Usernameland.atcardington@kfextranet.comPasswordPlease contact Knight frank for the Password

Title & TenureThe freehold of the site is for sale with vacantpossession on the land. The Hangar has the benefit ofa new 10 year lease.

VATThe site has been elected for VAT.

Legal FeesEach party will be responsible for their own legalcosts incurred.

Local AuthorityBedford Borough CouncilBorough Hall, Cauldwell Street, Bedford MK42 9AP 01234 267422www.bedford.gov.uk

This site is being sold by Private Treaty.

Further InformationFor further information, please contact:

DAVID FENTON Partner david.fenton@knightfrank.com 07836 587 931

JONATHAN WISH Associate07468 727 667jonathan.wish@knightfrank.com

CHARLES HOBART (Investment) Associate07825 608 962charles.hobart@knightfrank.com

hAngAr 1

BEDFORD

KNIGHTFRANK.com

01789 269853Bridgeway HouseBridgeway Stratford-upon-Avon CV37 6YX KnightFrank.co.uk

IMPORTANT NOTICE1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing(“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations aboutthe property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certainparts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to,or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection orin other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. 5. Viewingby appointment only. 6. Particulars dated July 2016. 7. Photographs dated July 2016. Knight Frank LLP is a limited liability partnership registered in England with registered numberOC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.