Laurel Hill Title Report

TITLE REPORT Land at Laurel Hill, Cribbs Causeway, Bristol, BS10 7TH (‘the Site’) offered for sale by informal tender by Knight Frank LLP This Report has been prepared to offer a brief summary of the principal rights and obligations that affect the Land Registry titles relating to the Site. We make no confirmation or observation which may be relied on by any person or body corporate.

Any interested buyer of the Site must seek their own independent legal advice. The information is not intended to form part of any Agreement and shall not take effect as any representation or warranty by the seller or Bower & Bailey LLP.

1.

The title to the Site comprises all of the land within GR294859 and part of the land within GR239035.

2.

The title plan to each title is attached to this summary.

3.

The seller and registered proprietor of the Site is Dick Lovett Companies Limited (“the Seller”).

4.

The Seller has an option to purchase 5 and 6 Catbrain Hill, Cribbs Causeway, Bristol BS10 7TH pursuant to an Option Agreement dated 3rd March 2014 as varied by a Supplemental Agreement dated 4th January 2016 (‘Option Agreement’). This land will comprise the access to the Site.

5.

The Seller will assign the benefit of the Option Agreement to the Buyer on completion.

6.

The Seller occupies a small parcel of land along part of the northern boundary of GR239035. This land is unregistered but it appears to be an anomaly with the mapping rather than a defect. The Seller is in the process of resolving this with the Land Registry.

GR294859

1.

Title is absolute.

2.

This land has the benefit of full rights of access over the land tinted brown on the title plan and continuing in a westerly direction until it meets the eastern boundary of the land tinted blue. At this point there is a gate in the ownership of the Seller.

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3.

The land to the north and north east (not easily identifiable of the title plan) enjoys a right to use any services that pass under this land.

4.

The Deed dated 8th June 1992 grants rights to lay foul and surface water sewers in part of the land tinted blue for the benefit of land lying to the north.

This is subject to obtaining statutory consents and making good any damage caused. There was an obligation on the beneficiary this right to use best endeavours to lay any pipes as near as reasonably practicable to the western boundary.

4.

The Deed dated 27th April 2011 grants mutual rights of access, egress and services over this land and adjoining land owned by the Seller’s Pension Fund. The rights benefitting this land over the Pension Fund’s adjoining land will be excluded from the sale as will the reservations over this land that benefits the Pension Fund’s adjoining land.

5.

The Deed dated 27th April 2011 also contains mutual covenants for the benefit and burden of this land namely not to cause damage, nuisance, obstruction or waste.

6.

The land is subject to a Wayleave Agreement dated October 2004 in favour of Western Power Distribution for the erection on the land of one pole and one stay plus oversail to be paid at the arable rate.

7.

The owners of 5 Catbrain Hill currently have a licence to use part of the land that backs on to their property to store two containers/sheds and two caravans. This licence will be terminated prior to completion.

8.

The owners of 5 Catbrain Hill also have a right to drain to a septic tank located within the boundaries of this title. That right shall cease within six months of the grant of planning permission and the owners are to execute a deed to give effect to this. However as this property is one of the properties the subject of the Option Agreement this issue has no real practical relevance going forward.

GR239035

1.

Title is absolute.

2.

The Deed dated 26th March 1997 contains easements, reservations and an obligation in relation to fencing over land outside the Site and has no relevance for this sale.

3.

This land is not affected by the provisions of an Agreement dated 25th April 1969.

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4.

The Conveyance dated 12th February 1970 grants adjoining land rights to connect into and use a sewer laid within this land between the points “A” to “B” on the title plan. Part of that sewer lies within the Site.

5.

The aforementioned Conveyance of 12th February 1970 also refers to rights contained in a Conveyance dated 16th May 1916 to allow use of the brook known as Henbury Trym for the purposes of watering live stock. Part of Henbury Trym lies within the Site.

6.

The Section 52 Agreement dated 19th March 1986 no longer has any relevance.

7.

The covenants benefitting Filton Airfield owned by BAE Systems Plc and burdening this land and contained in a Deed dated 24th November 1992 were released in a Deed dated 26th March 1997.

8.

The covenants benefitting Filton Airfield owned by BAE Systems Plc and burdening the land and contained in Deeds dated 26th March 1997 and 28th July 2010 were released in a Deed dated 20th August 2014.

9.

The matters referred to in the Deed dated 27th April 2011 referred to in the summary for GR294859 also apply in relation to this title.

10.

Although not referred to in the title, the land is burdened by a public footpath which will be revealed in your local search result. This is to be diverted as shown on the Planning Consent. Brief details of the routes are also shown in the agent’s sale literature.

Dated 13th April 2016 BOWER & BAILEY LLP

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