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Land for sale

Lowfield Lane, Balderton, Nottinghamshire, NG24

Sold STC 7.3 ac. | £2,000,000

Property Description

Commercial information

  • 7.4 acres (3 hectares)

Full description

RESEDENTIAL DEVELOPMENT LAND ( STP ) 7.39 Acres ( 2.99 Hectares )

Regular level area of land, currently used as grazing and paddocks. Allocated with the Local Development Plan (LDF) for residential use. Separate area of land for affordable housing. Additional land available for off site water attenuation and amenity use. Good vehicular access.

Newark town centre 2 miles - Easy access to A1, A46 and A17.

Location - The land is located off Lowfield Lane in the Balderton area of Newark. Lowfield Lane is accessed off London Road (B6326) heading south out of Newark.

Description - The land is surrounded by housing on two sides with grass lands to the West and South which, in time, may represent potential for expansion for further housing development (stp).
The area of land available is in essence three adjoining fields and one separate area of land totalling 7.39 acres or thereabouts. The land is allocated in the Local Development Framework for housing.
The land is available for sale by private treaty on a subject to planning basis.

Services - Interested parties are advised to satisfy themselves in this regard.

Availability - We are instructed to seek offers in excess of £2,000,000 for the freehold interest with vacant possession. Subject to contract.

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

Local Development Framework (Ldf) - The LDF identifies a larger area of land under policy NUA/Ho/10 and specifies the following: Land north of Lowfield Lane has been allocated on the Policies Map for residential development providing around 120 dwellings.

It also specifies that development on this site will be subject to the following:

* The preparation of an appropriate assessment by the applicant, including improvements to Manners Road/London Road junction forming part of any planning application.

* An appropriate landscaping scheme, submitted as part of any planning application, providing buffering to the south and west of the site in relation to the adjacent SINCs and retention of the existing hedgerows on site where possible, and

* Pre-determination archaeological evaluation submitted as part of any planning application and post-determination mitigation measures secured by condition on any planning consent are likely to be required. New development here should respect the plot shapes of the medieval field system.

Commercial Infrastructure Levy (Cil) - This currently applies at a rate of £45 per sq m gross internal area of development.

Inspections & Further Information - Viewings are strictly by prior appointment with the agents. For an appointment to view, please contact:
Alasdair Morrison & Partners
26 Kirkgate, Newark
Nottinghamshire, NG24 1AB
Tel 01636 700888

Joint marketing agents:
Barnsdales - Chartered Surveyors
Tel: 01302 308174

Additional Land - Additional land could be made available for an off site storm water attenuation pond or other amenity use, if required.

Value Added Tax ( Vat) - Unless otherwise stated, all rents and sale prices are quoted exclusive of VAT. Any prospective lessee or purchaser must independently satisfy himself or herself as to the incidence of VAT in respect of any transaction.

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 them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. Floor plans have been prepared with care to assist the prospective purchasers in their search for a new home. It is not to an exact scale and its accuracy is neither implied nor guaranteed.

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Listing History

Added on Rightmove:
10 July 2015


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