For SaleResidential Development/ Refurbishment Opportunity

High Holme Court, High Holme Road, Louth, Lincolnshire, LN11 OEU

Description

The subject property comprises a roughly rectangular shaped site fronting High Holme Road, Louth. It provides a rare opportunity in Louth, through the partial new build of a number of properties and the refurbishment of an existing building, to create a scheme of around 10-12 units in what is an attractive, well established residential location about 1/4 mile north west of the Town Centre.

The site slopes upwards away from High Holme Road and currently provides car parking to the front, a derelict former Social Club to the rear of the site and a 3-storey block (High Holme Court) which provides 6 No. 2/3 bedroomed apartments, most recently used as nursing accommodation. In the Agent’s opinion this would suit conversion back to private residential, either for sale or to let.

The car park and Social Club provide an area of land which, in the Agent’s opinion, could be developed with a number of residential units. Some indicative layout plans are incorporated within these particulars taken from the pre-app documentation submitted to the Local Authority.

LOCATION

The property is situated in an attractive, well established residential location, approximately quarter of a mile to the north west of Louth town centre.  The site sits in the south eastern corner of the Louth Hospital site.

Louth is a popular and attractive Lincolnshire market town sitting on the edge of the Lincolnshire Wolds, an area designated as being of Outstanding Natural Beauty.

The town has a resident population of circa 20,000 and a catchment of over 30,000. It sits adjacent to the A16 trunk road, which provides easy access to Grimsby and Humber Ports about 20 miles to the north, and to the south east are the popular Lincolnshire coastal resorts of Skegness and Chapel St Leonards.

The town provides a good range of shopping and educational facilities, including the highly regarded King Edward VI Grammar School, and in recent years won the BBC Countryfile Market Town of the Year award because of the strong local retail offer that the Town Centre provides.

Services

We understand that all mains services are available and connected to the site.

We have not been able to ascertain the capacity for each of the services into the site, utilities for any redevelopment will need to be taken direct from High Holme Road.  No rights relating to services will be granted by the Vendor across the retained hospital site.  Therefore interested parties are advised to make their own enquiries of the Utility Service Providers.

Town & Country Planning

As stated above, the site has until recently been used as car parking to the front, with a derelict Social Club behind and then to the rear of the site a block of 6 No. residential units used as nursing accommodation.

The vendor has submitted a pre-app to which a response is pending.  A copy of the pre-app submission is available on request.

The buildings on site are not Listed but part of the site is located within a Conservation Area.

Tenure

The site is being offered For Sale with vacant possession on completion.

The Purchasers will be required to install a close board 6ft high fence along each of the site boundaries within 3 months of the completion of the purchase of the land. With the exception of the western boundary the purchasers will be responsible for the upkeep of the remaining three fences. Further details of these requirements are available on request.

The Vendors will also retain rights of access over the site for delivery and maintenance purposes to the buildings in the south western corner.

Method of Sale

The site is being offered for sale by way of Private Treaty.

Offers are invited on an unconditional basis for the property.

Please note it is the policy of NHS Property Services to include overage and clawback provisions as a condition of sale.

VAT

The property is not elected for VAT is not applicable to the Purchase Price.

Legal Costs

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