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Land East of Folkingham Road, Morton

Guide Price
£2,500,000

Business rates & charges may apply

Longstaff Chartered Surveyors, Bourne
SECTOR
Residential development for sale

Property description

Tenure: Freehold

LOCATION
BEST AND FINAL OFFERS BY WEDNESDAY 20TH OCTOBER 2021 AT 12 NOON

The land is situated on the east side of Folkingham Road (A15) on the edge of the village of Morton. Morton has a variety of local facilities and amenities including village shops, a Public House, Church, Village Hall and Primary School. Morton is located approximately 3 miles to the north of Bourne which has easy access via the A15. Bourne has more extensive local facilities and amenities including banking, shopping, retail, leisure and primary and secondary education facilities.

Market Deeping is also easily accessible, approximately 10 miles to the south and the City of Peterborough approximately 20 miles to the south. Sleaford and Lincoln are accessible to the north and are situated approximately 15 and 35 miles away respectively.

Connections to the A1 are accessible to the west at Colsterworth with access to the East Coast Main Line at Grantham and Peterborough.

DESCRIPTION
The land extends to approximately 5.02 Hectares (12.40 Acres) and is offered for sale as a whole. A plan showing the land, for identification purposes only, is edged red and included in these Particulars. The site is accessible directly from Folkingham Road (A15) or from High Street, Morton as can be seen from the Illustrative Design Plan.

The land has been used for agricultural production in recent years. It is being offered For Sale Freehold with Vacant Possession.

SERVICES
The Vendor has obtained various service plans which are available from the Selling Agent. Interested parties must make their own specific enquires with the relevant service providers to obtain the necessary information on which to understand the provision of and need for servicing of the site.

PLANNING
Outline Planning Consent has been granted by South Kesteven District Council under Reference No. S19/1784 for Residential Development of up to 71 dwellings, associated estate roads, open space, subject to conditions and the Section 106 Agreement.

Interested parties are encouraged to review the various conditions attached to the Planning Consent and Section 106 Agreement. There is a compliment of details available for downloading from the Council´s website concerning all aspects relating to the application and the grant of the Consent. These documents can be accessed via ref: S19/1784.

Please note, the Decision Notice is dated 2nd July 2021 and the permission states that the development hereby permitted shall be commenced before the expiry of 3 years from the date of this permission or 2 years from the approval of the last of the Reserved Matters, whichever is the latter.

SECTION 106 AGREEMENT
The Section 106 Agreement includes various contributions and obligations. A copy of the Section 106 Agreement is available from the selling agent.

SECTION 106 AGREEMENT REDUCTION
If a purchaser is able to negotiate a reduction in the Section 106 Agreement allocation or contribution figure(s) with the Local Authority, or any other parties concerned, in addition to the agreed sale price the Vendor shall be entitled to 50% of the value of that reduction.

AFFORDABLE HOUSING
30% of the dwellings under the consent scheme are to be affordable units.

OTHER
HOME FARM CREW YARD - ACCESS AND OBLIGATIONS FOR MAINTENANCE
Home Farm Crew Yard, High Street, Morton was sold by Lincolnshire County Council previously although rights were reserved for the benefit of this land. The rights allow for the passage of services through infrastructure and there are connected rights of access to Home Farm Crew Yard upon notice for the purpose of inspection, repair etc. provided all damage is made good. Please note, Home Farm Crew Yard is not to be used for more than 5 single private dwellings.

The Home Farm Crew Yard has been given a right of access over some land owned by Lincolnshire County Council immediately west of the crew yard, shown on the Land Registry Title Plan (available from the selling agent), in addition to a right to enter upon the land owned by Lincolnshire County Council for the purposes of construction of an access road at this location. The owner of Home Farm Crew Yard is obligated to construct the access road and thereafter to contribute 85% towards the cost of maintenance or replacement.

It is also noted that the land to the west of the access to High Street, Morton has the right to use service infrastructure for water, drainage and electric present in Lincolnshire County Council´s retained land.

ACCESS TO AND FROM THE A15
We are not aware of any ownership restrictions in relation to the use of an access to and from Folkingham Road (A15). That said, interested parties are encouraged to make their own enquiries in that regard.

UPLIFT CLAUSE/CLAWBACK PROVISION
Should the existing Planning Consent be changed, or the number of units increased, the Vendor reserves the right to receive additional payment for the increase in value of the site consequent to the changed Planning Consent. Such payment to equal 50% of such increase but limited to 15 years from completion of the sale.

RESERVED ACCESS/SERVICE MEDIA
The Vendor will reserve access at pre-arranged positions through the site to service and access adjoining retained land - the details are to be confirmed. This access also includes rights to access/connect to service media without cost to the Vendor.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
Full details of reserved rights and conditions will be available to the proposed purchaser in due course. It should be noted that a public footpath does run through the land being offered For Sale.

BASIS OF OFFERING
The Vendor is seeking unconditional offers for the sale of the freehold property with the benefit of the existing Conditions / Consents and Section 106 Agreement.

GUIDE PRICE
£2,500,000 (Two Million Five Hundred Thousand Pounds) Freehold, Subject to Contract

VAT
It is understood that none of the land is elective for VAT although should any sale of the property, or any right attached to it, become a chargeable supply for the purpose of VAT, such tax shall be payable buy the buyer in addition to the contract price.

PLANS, AREAS AND SCHEDULES
These have been prepared as carefully as possible and are based on Ordnance Survey Scale Plans and Land Registry data. The plans are published for illustrative purposes only and although they appear to be correct, their accuracy is not guaranteed. The purchaser will be deemed to have satisfied themselves as to the description and extent of the property and the ownership of the boundaries prior to a commitment to purchase.

FIXTURES AND FITTINGS
All fixtures and fittings are excluded from the sale unless specifically referred to in these Particulars.

PHOTOGRAPHS
The photographs taken in these Sale Particulars were taken in June 2021. These Particulars were prepared in July 2021.



Brochures

Land East of Folkingham Road, Morton

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Spalding Station9.2 miles

About Longstaff Chartered Surveyors, Bourne

73b Abbey Road Bourne PE10 9EN

Founded in 1770, R Longstaff & Co is one of the oldest and most well known firms of Estate Agents and Chartered Surveyors in South Lincolnshire.

We pride ourselves on providing a quality service benefiting from traditional, professional values combined with a modern and dynamic approach. Our in-depth knowledge of South Lincolnshire and the surrounding areas ensures that we are at the forefront of the commercial property market.

Longstaff offer a comprehensive commercial property s

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Notes

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Disclaimer - Property reference 101505013150. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Longstaff Chartered Surveyors, Bourne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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