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Development - Residential for Sale
Linwood Road, Market Rasen, LN8
Under offerDevelopment - Residential for Sale
Linwood Road, Market Rasen, LN8
Under offer
The Planning Permission is subject to a Section 106 Agreement that provides for 20% affordable housing, a £21,000 NHS contribution, £101,000 education contribution and £45,000 of archaeological works.
The site is being offered FOR SALE by way of a Private Treaty with offers invited on an unconditional basis although offers made on a conditional subject to planning basis will also be considered.
VAT may be charged in addition.
OVERAGE PAYMENT
If the purchasers are able to secure more beneficial Planning Permission through increasing the density of development permitted on the site or by reducing the Section 106 costs, then a further payment of 50% of the resulting uplift in value will be payable by the purchasers or their successors in title for a period of 10 years from completion, to the vendors.
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
To view the premises and for any additional information please contact the sole agents.
Location
RESIDENTIAL DEVELOPMENT site located in popular Market Town, OPP for the erection of up to 45 dwellings, attractive rural outlook, situated close to town amenitiesA roughly rectangular level parcel of land extending in total to about 1.87 hectares (4.62 acres).
The site is currently utilised as grazing land, but Outline Planning Permission was obtained in June 2018 for the erection of up to 45 dwellings on the site.
LOCATION
The site is situated on the eastern side of Linwood Road, a short drive to the south of Market Rasen town centre. Both the town train station and Tesco Superstore are located on Linwood Road to the south of the Town Centre.
Market Rasen is a popular Market Town situated mid-way between Lincoln and Grimsby, around 18 miles to the south and north respectively, via the A46 trunk road.
The site is situated in a attractive semi-rural location on the southern edge of the Town with views over open farm land to the east and south.
SERVICES
We understand that mains supplies of water, drainage, electricity and gas are available in the vicinity of the site, but interested parties are advised to make their own enquires to the utility providers to ascertain the exact location and capacity of each supply in the area.
Related links
Development Property for SaleDevelopment Property for Sale in Market RasenBanks Long & Co
01522 544 515Share with Client emails the Property Agent's details to the client emails that you entered.
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