Bees_Man Posted July 17, 2014 Report Share Posted July 17, 2014 All a bit weird. An updated statement would be beneficial to all parties, especially us supporters. Quote Link to comment Share on other sites More sharing options...
Catabracadabra Posted July 17, 2014 Report Share Posted July 17, 2014 Interestingly, I've had a detailed look at the advert for brandon stadium on GVA web site the agents for the sale. It mentions planning, but i would say more of interest is the section 'title' which details any existing leases. Three in total. Motorcycle training club, the Coventry racing club limited (stock cars) and Coventry dogs ltd. hmm something is missing in this listing, yes, any speedway lease. Or is there any such lease that the current people running it have? The motorcycle training club lease is between them and Coventry stadium limited, as does the Coventry racing club, (till 2023) but the Coventry dogs limited lease is through Coventry racing club. Where does the speedway fit in? Yes we know sandhu owns the freehold and yes the current people running it are leasing it from him. Or are they? There's no mention of any lease or mention of any established speedway team. An utter disgrace, but we know that this advert is not aimed at keeping speedway at the venue. Speedway is merely mentioned as the stadiums original purpose. This stadium will be gone quicker than people think. If the offer is right I don't think the three years will be on the table for speedway to stay there. No lease, no obligation to accommodate or honour any verbal agreement that might currently be in place. http://www.gva.co.uk/Property/5622/ Click on final sales particulars. This giving details or what your getting for your money if you decide to purchase the brandon stadium Quote Link to comment Share on other sites More sharing options...
oleoleole Posted July 17, 2014 Report Share Posted July 17, 2014 So, does this mean that the stadium is still up for sale? Â If so why is it taken as read that speedway only has three (or two and a half years left)? Quote Link to comment Share on other sites More sharing options...
Catabracadabra Posted July 24, 2014 Report Share Posted July 24, 2014 Stadium still for sale on gva web site http://www.gva.co.uk/Property/5622/ Quote Link to comment Share on other sites More sharing options...
DizzAssStar Posted July 24, 2014 Report Share Posted July 24, 2014 I have looked on GVA website agents for sale of Brandon still listed for sale . I suspect any interested parties are waiting for rugby council to grant planning permission . Perhaps the Mayor of Rugby can confirm any interest. Â Â Council cannot grant planning permission unless a formal application has been made................. this should be searchable on Councils website?? Â Council can give advice (to a potential applicant) on the likelihood of a formal application succeeding by means of a "pre-app" enquiry............. this would not show on Councils website? Quote Link to comment Share on other sites More sharing options...
Grand Central Posted July 24, 2014 Report Share Posted July 24, 2014 I really don't understand why Coventry people are so silent and so 'in the thrall ' of Sandhu. Â There is no planning permission for any housing or any change of use. And no one has applied for any such permission. Â The stadium has not been sold to anyone, for any purpose. But it is still up for sale. Â So ... Why does Sandhu look like the guy that could 'help save Speedway'? He is he guy who owns it now, and Speedway is running but he intends to sell it to someone who will close it down and get PP for housing! Â Why would he really look for new land to run a Speedway on? If he were to find such land, why not sell that for housing? Â Or is it me who is mad? 3 Quote Link to comment Share on other sites More sharing options...
naffer Posted July 24, 2014 Report Share Posted July 24, 2014 Not mad. But as a businessman you would do both, sell Brandon for building if permission could be gained. Whilst looking elsewhere to purchase any other potential sites with the proceeds from Brandon. Building applications are on the up ,where I live near leamington there have been 4 large site applications recently. Which might speed up the sale of Brandon if things are moving forward in the housing game. Â Personally I think this will be a long drawn out affair as planning permission will be hard to achieve in Brandon going by previous attempts to change things at the stadium. Up the nimbys. Quote Link to comment Share on other sites More sharing options...
stevebrum Posted July 24, 2014 Report Share Posted July 24, 2014 I really don't understand why Coventry people are so silent and so 'in the thrall ' of Sandhu. Â There is no planning permission for any housing or any change of use. And no one has applied for any such permission. Â The stadium has not been sold to anyone, for any purpose. But it is still up for sale. Â So ... Why does Sandhu look like the guy that could 'help save Speedway'? He is he guy who owns it now, and Speedway is running but he intends to sell it to someone who will close it down and get PP for housing! Â Why would he really look for new land to run a Speedway on? If he were to find such land, why not sell that for housing? Â Or is it me who is mad? Â Â Well said. Never understand the blind loyalty towards Sandhu. Wants to sell the land so he can search for other land to build Speedway on?? He already has land and Speedway up and running!! As a businessman he is entitled to do with the land as he pleases, just don't buy the `looking for land to start up again` bit. 1 Quote Link to comment Share on other sites More sharing options...
Grand Central Posted July 24, 2014 Report Share Posted July 24, 2014 (edited) Not mad. But as a businessman you would do both, sell Brandon for building if permission could be gained. Whilst looking elsewhere to purchase any other potential sites with the proceeds from Brandon. Building applications are on the up ,where I live near leamington there have been 4 large site applications recently. Which might speed up the sale of Brandon if things are moving forward in the housing game. Personally I think this will be a long drawn out affair as planning permission will be hard to achieve in Brandon going by previous attempts to change things at the stadium. Up the nimbys. .Of course it makes good business sense to sell Brandon at a massive profit if he, or the purchaser, is able to get PP for housing. But, strangely, he has not applied for such permission in order to maximise his return at sale. Â As housing is the way to go with maximising profit, why would he be able to buy 'other' land for Speedway 'out of the proceeds'. Would it really be easier to find land in the general Coventry area for Speedway, and get PP for it? Surely THAT land would be more profitable as housing. And easier to get PP, I imagine. Â Surely it is a lot easier to believe that his 'promises' are solely there to shut up the protesters until his deals are done. By which time Coventry will be in the same boat as Reading. Â . Edited July 24, 2014 by Grand Central Quote Link to comment Share on other sites More sharing options...
P T Preece Posted July 24, 2014 Report Share Posted July 24, 2014 We dont want another Reading, look what happened to them. Quote Link to comment Share on other sites More sharing options...
naffer Posted July 24, 2014 Report Share Posted July 24, 2014 Reading back I have not made my point clearly. By doing both ,I meant selling Brandon and purchasing other sites for development. But it is a good point you make why isn't sandhu seeking pp and then selling. Quote Link to comment Share on other sites More sharing options...
Wolfsbane Posted July 24, 2014 Report Share Posted July 24, 2014 ..........im personally surprised how keen this mp is.............. Â Colin, there's a General Election next year. Â Â Quote Link to comment Share on other sites More sharing options...
Grand Central Posted July 24, 2014 Report Share Posted July 24, 2014 Reading back I have not made my point clearly. By doing both ,I meant selling Brandon and purchasing other sites for development. But it is a good point you make why isn't sandhu seeking pp and then selling. I agree he could get the bug for more property developing. But as it stands the Brandon site is his 'deal of a lifetime' and if he were to sell it for the right price he may just go away happy. I certainly would! Â Funnily enough the office development across the road from my business has just been sold. The vendors took on the, not inconsiderable, task of getting PP for change of use to housing before they put it on the market. That done .... They are laughing all the way to the bank, having sold at a massive premium over the value as commercial property. Â Me thinks Avtar must have some very good reason why he has not done similar. But I can't think of it. Quote Link to comment Share on other sites More sharing options...
philfromcov Posted July 25, 2014 Report Share Posted July 25, 2014 (edited) the land without the motor sport covenant is worth £20million.  Planning permission can be given BUT the covenant always takes precedence in terms of land deals.  until you can resolve this issue you cant build, hence the reason why they are looking for a new site.  new site covenant is "dead" hello £20million.  this is what its always been about Edited July 25, 2014 by philfromcov Quote Link to comment Share on other sites More sharing options...
naffer Posted July 25, 2014 Report Share Posted July 25, 2014 Sorry for being a bit dim ,if anyone wants to buy Brandon to develop or change it's current use ,they then have to provide a motor sport facility elsewhere in the region as part of this covenant? Quote Link to comment Share on other sites More sharing options...
philfromcov Posted July 28, 2014 Report Share Posted July 28, 2014 Sorry for being a bit dim ,if anyone wants to buy Brandon to develop or change it's current use ,they then have to provide a motor sport facility elsewhere in the region as part of this covenant?  you have to prove the covenant is "dead" before you can build yes and it "outranks" planning permission  either you close it down and wait 10 years before we al give up, or you agree to move and pay for a development then it becomes dead and you can build.  those are the two options. Quote Link to comment Share on other sites More sharing options...
Woz01 Posted July 29, 2014 Report Share Posted July 29, 2014 It was talked about a pot of money was available, is this where it has come from? Quote Link to comment Share on other sites More sharing options...
philfromcov Posted July 30, 2014 Report Share Posted July 30, 2014 i think? its an open secret that sandhu is buying from himself, for financial reason i can guess but would not speculate on an open forum.  i don't know the figure, but if you can prove that you can remove the covenant by spending £1million on a new stadium, thus release the true value of the land, i expect its very easy to get the money. 1 Quote Link to comment Share on other sites More sharing options...
Agrotron Posted July 30, 2014 Author Report Share Posted July 30, 2014 i think? its an open secret that sandhu is buying from himself, for financial reason i can guess but would not speculate on an open forum.  i don't know the figure, but if you can prove that you can remove the covenant by spending £1million on a new stadium, thus release the true value of the land, i expect its very easy to get the money.  That thought had occurred to me Quote Link to comment Share on other sites More sharing options...
Starman2006 Posted July 30, 2014 Report Share Posted July 30, 2014 ^ Precisely what I thought JJR Think they've already given up. Quote Link to comment Share on other sites More sharing options...
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