Land for saleBrick Kiln Lane, Shepshed
Offers in Excess of £375,000
- Neat development opportunity on 1/2 an acre
- 30% return probable
- Gross development value £1.2m
- Oven ready scheme with full PP
- 5139 square feet (477 sqm) GIFA
- Houses can be enlarged
- Quiet spot end of lane
- Joint venture deal possible
NEAT DEVELOPMENT OPPORTUNITY ON ½ AN ACRE** 30% RETURN PROBABLE** GROSS DEVELOPMENT VALUE £1.2M** OVEN READY SCHEME WITH FULL PP** 5139 SQUARE FEET (477 SQM) GIFA** HOUSES CAN BE ENLARGED** QUIET SPOT END OF LANE** EASY TRAVEL M1, LOUGHBOROUGH, LEICESTER** JOINT VENTURE DEAL POSSIBLE**
General Description - This is a small development proposition to suit either a builder or developer on half an acre of former small holding set in this tranquil spot at the end of one of the more popular addresses in the area within the parish of Oaks in Charnwood. There is a good deal of local development in the area bringing more purchasers than usual to consider buying modern homes in this convenient location and in a non estate setting. The three plot site opposite is now sold and will be developed with units of some 2000 square feet. The five plots on Jolly Farmers Lane have been built and are for sale.
Houses can be competitively priced with the going rate locally up to £250 per square foot. We would expect a build cost of up to £100 per square foot but the efficient operator we are sure can do better. We consider the total sales value of he completed houses will stand at a minimum of £1.2m. cleverly managed the scheme is capable of delivering a 30/5 return on capital invested.
This is a level rectangular site ready to go although we believe that whilst building plot 1 some minor alterations can be made to slightly enlarge plot 2 and 3. The designs are modern and attractive. Each plot would have an area of approximately 400 square metres plus. There is a shared drive and turning spaces.
The Site has a fill planning permission under reference P/13/2009/2.
Copies of the consent can be obtained from us or on line at -
On behalf of the owners we are seeking offers in the region of £395,000 and are happy to discuss a joint venture with those having some cash and not reliant upon bank funding.
Viewings - To arrange a viewing, please contact the Loughborough Sales Team on 01509 861222.
Measurements - Every care has been taken to reflect the true dimensions of this property but they should be treated as approximate and for general guidance only.
General Note - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on these Particulars of Sale as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this agent's employment has the authority to make or give any representation or warranty in respect of the property.
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