Saturday, 10 May 2008

The 'Orchard' development-Cyril may lose his nuts!

A motion detailing plans for usage of the 'Orhard' owned by Woolton Village Club(WVC) achieved the two-thirds majority required at a recent AGM.

The Orhard is a a sizable area of land in between Barclays Bank and St James' Church Hall on Church Road South.

Currently the land contains some 20 or so trees and is heavily overgrown.

The propasal is that the land be cleared and WVC (in conjunction with developers) will erect 3 to 4 'units' on the land.

There is no planning permission on the land at the momment, but WVC and their partners will be seeking permission to build retail and or residential units on the land.

The members of WVC own the Club and therefore own the land, but they will not be selling the land to developers.

The land will remain under the title of WVC, and also the developers, as a return for WVC allowing them use of the land, will build WVC a number of units (the number of which will be determined by the value of the land).

Although the motion was passed a few members voiced enviromental concerns regarding the removal of trees and wildlife habitat.

This is a significant development for the Club and should help to secure much needed cash flow income streams (in the form of rent from tenants) for the future.
The beauty of this scheme is that:-
1.It will cost the Club nothing to develop the land
2.The Club do NOT sell the land-it will remain on Club books for future generations
3.Rental income received each year
4.Commercial value of the Club and it's property should increase-and therefore the value of each members stake in the Club should increase.

Most of this article was originally posted on Woolton.net

1 comment:

Paula Maria Fay said...

Hello - I'm interested in the outcome (if any) of this proposal.
I see this post was made in 2008 - what are current and future plans for the Orchard at the back of the WVC and Barclays Bank please?
Current - as of April 2011.
Thanks
Paula.