For SalePotential Residential Development Land - STP

Potential Development Land, Newmarket, Louth, Lincolnshire, LN11 9HH

Description

The property comprises an irregular shaped level site, extending to approximately 0.054 hectares (0.135 acres), with a frontage to Newmarket of 32m (106 ft) and a depth of 21m (70 ft).

The property currently has a derelict outbuilding which sits on the site, which could either be demolished or re-used as part of the new development.

LOCATION

Louth is a thriving market town with a wealthy population of just under 20,000 and a catchment of over 30,000. The town is highly regarded for its healthy mix of national and independent traders including White Stuff, Caffè Nero and a variety of businesses offering top quality local products such as Lucks of Louth and Coopers Antique Dealers.

Newmarket is a well-established residential area offering a good range of local amenities such as a Co-op Convenience Store, Public Houses and the King Edward Grammar School. It is also located within close proximity to Louth town centre, a short walk to the north.

Louth sits in a strategic location just off the A16 which links Boston to the south with Grimsby to the north east.

SERVICES

All main services are available in the vicinity of the site, however the Vendors cannot give any guarantees to the capacity of these services and interested parties are advised to make their own enquiries with the service providers.

TOWN AND COUNTRY PLANNING

The site is available without any current permissions, but the Vendors are happy to consider offers conditional upon the receipt of Planning Permission.

Although the site is also unallocated within the Local Plan for no particular use, having regard to the character of the surrounding area we are of the opinion that the site would be suitable for residential development.

The buildings on site are not Listed but the site is situated in a Conservation Area.

Interested parties are however advised to discuss their proposals with East Lindsey District Council Planning Department.

METHOD OF SALE

The site is being offered For Sale by way of Private Treaty.

Whilst unconditional offers would be preferred, offers made subject to Planning will be considered by the Vendors in view of the Planning position with the site.

GUIDE PRICE

The site is available For Sale, with offers in excess of £200,000

VAT

VAT may be charged in addition to the rent at the prevailing rate.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.