For SaleBrownfield Residential Development Site

18-20, Kingsway, Lincoln, Lincolnshire, LN5 8EU

Description

The property comprises a brownfield development site which has most recently/currently been used for industrial B8 purposes. The site will be sold with these buildings insitu.

The site has Planning Permission, the details of which are set out in the next section of these particulars, for the erection of 9 No. 3-storey 3-bedroom townhouses with parking to the rear.

The site extends to circa 0.16 hectares (0.40 acres), and has a frontage to Kingsway of 49.56m (167 ft).

The property is bordered to its eastern and northern sides by existing residential development, Kingsway to its southern elevation and allotments to its western elevation.

Please note that the existing businesses operated from the site are not affected by this sale and will be relocating.

LOCATION

The property is situated on Kingsway, in what is a well established residential location approximately quarter of a mile to the south of Lincoln City Centre.

Kingsway is situated just off South Park Avenue, close to its junction with Canwick Road, which provides easy access to the City Centre either on foot or by car and, with the opening of the recent extension to the Eastern Bypass, access can be gained to this from Washingborough approximately 1½ miles to the north east.

Lincoln is the administrative and shopping centre for the County of Lincolnshire and is one of the finest Cathedral Cities in England. It has a population of circa 543,000 and an established catchment spend of circa £984 million. It is a growing University City with close to 15,000 students at the University of Lincoln and Bishop Grosseteste University, together with 1,300 academic staff which, between them, contribute an estimated £250 million to the local economy.

SERVICES

We understand all mains services are available within the vicinity of the site, although the Vendors cannot give any guarantee as to the exact location or capacity of these. Interested parties are therefore advised to make their own enquiries in this regard with the utility providers.

TOWN AND COUNTRY PLANNING

The property benefits from a Planning Permission dated the 5th November 2020 under reference 2020/0363/FUL for the erection of 9 No. dwellinghouses.

Full copies of all the plans and Planning Permission are available from the Agents or via the Lincoln City Council Planning Portal under the above Planning reference.

This is a developer friendly Planning Permission with no S.106 costs or obligations.

The units proposed are three storey, 3-bedroomed houses, extending to approximately 111 sq m (1,195 sq ft) with a garden to the rear and a parking area shared with the other units behind this.

The property is situated in a Conservation Area but is obviously not Listed.

TENURE

The site, edged red on the plan opposite, is to be sold freehold, with vacant possession on completion.

METHOD OF SALE

The site is being offered For Sale by way of Private Treaty, with unconditional offers invited.

PRICE

Offers are invited in the region of £600,000 for the site, with the benefit of vacant possession and the Planning Permission in place.

VAT

VAT will not be payable on the purchase price.

LEGAL COSTS

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

VIEWING

The site can be viewed from the public highway during daylight hours, but interested parties are advised to take a set of our attached Property Particulars with them when visiting the site.