Development of former Rose and Young site moves one step closer as contracts are exchanged
The Council is delighted to learn the owner of the former Rose and Young garage site in Caterham and Clarion Housing Group (CHG) have exchanged contracts for the sale of the site.
Clarion Housing Group is a company committed to providing affordable housing. They have planning permission for 48 dwellings, with a supermarket on the ground floor. The exchange of contracts is a significant step forward in the Council’s ambition to get this valuable town centre site back in use and contributing to the town.
The Council will be monitoring the progress of this scheme carefully and is fully committed to securing the timely redevelopment of the site. At this week’s Resources Committee it was agreed that if insufficient progress was made by CHG, the Council will take any necessary action to ensure redevelopment takes place, including using another compulsory purchase order.
Councillor Simon Ainsworth, Chair of the Resources Committee, said: “The exchange of contracts between the owner of the Rose and Young site and a major house building company is very much welcomed and a major step forward. We and Caterham residents have been waiting a long time for the development of this site and we will continue to do everything in our power to ensure development progresses. At this stage we don’t think we will need to use a compulsory purchase order, but we remain in the best position to serve another one if it is needed.”