Free valuation

Legbourne Road, LouthResidential (land)

£1,000,000
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About this property

LOCATION
The site fronts onto Legbourne Road, on the south-eastern fringe of Louth Town Centre, abutting housing to the North and West and adjacent to farmland to the South.

Louth is a popular Market Town within the Borough of East Lindsey, having a population of circa. 17,000, renowned for its Historic Market Square and Georgian Architecture. Louth is located approximately 15 miles South of the Port of Grimsby and 23 miles North East of the Cathedral City of Lincoln. Louth is within the Lincolnshire Wolds, an Area of Outstanding Natural Beauty and the Lincolnshire Coast is easily accessible being some 10 miles to the East.

DESCRIPTION
We are pleased to offer for sale a residential development site with Outline Planning Consent granted on 21st November 2016 (Application No: N/105/00895/15), located on the southern fringe of the historic and highly desirable Market Town of Louth, Lincolnshire, abutting farmland to the South and within a very popular residential area.

This level, regular shaped site extends to 3.36 acres (1.36 hectares) comprising; grassland with its vehicular access via Legbourne Road.

PLANNING
A full copy of the Planning Consent is available on request. In addition to the usual conditions, a Section 106 Agreement has been entered into, whereby a primary Education Contribution of £124,040 is to be payable by the Developer and in addition, 30% of the total number of dwellings on-site are to be allocated for Affordable Housing.

For all further information including a copy of the Planning Consent and Section 106 Agreement, please contact Steven Spivey on 01522 556088 or steven.spivey@mundys.net.

SERVICES
Mains drainage, gas, water and electricity are all understood to be available to the site, currently supplied to Legbourne Road.

TERMS
The site, as outlined in red, is held on a Freehold Title

PLANNING
Planning Application No: N/105/00895/15

OTHER
Please note that the plan within this brochure is for illustration purposes only.

VIEWING
Via Mundys Commercial – 01522 556088 or our Joint Agent, Turner Evans Stevens, 01507 602264