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Land, in Louth, £1,200,000
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Land

Louth, LN11
Land Planning
£1,200,000

Our Summary

  • The site is ready for redevelopment, offering a “blank canvas” with minimal demolition risk, enabling accelerated delivery of a scheme
  • , planning-feasible concept) for conversion into apartments, thereby reducing early-stage risk and capitalise the residential market in Louth
  • This parcel can be delivered in tandem with Parcel A or independently, offering flexibility for an investor or developer
  • Planning & Development Potential Given the cleared nature of Parcel A, the developer has the benefit of minimal demolition risk and the ability to progress a new commercial building (or mixed-use) quickly subject to planning
  • Parcel B presents a conversion project, with the existing church/garage/terrace arrangement and a pre-drawn scheme for apartments: this can accelerate consenting and delivery
  • Scope exists to deliver either a standalone redevelopment or a comprehensive mixed-use scheme combining both parcels (for example: retail/food & beverage ground floor with offices or residential above; or dedicated residential on Parcel B with retail/leisure on Parcel A)
  • Investors/developers should review the legal title documents (LL119952 and LL270199) and engage with the local planning authority early to refine scheme scale, uses and parking/access strategy (taking into account the adjacent car park opportunity)

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Description

Marketed are two town-centre parcels of land in Louth: Parcel A is a cleared site on Queen Street with a town-centre location, suitable for redevelopment into convenience retail, leisure, food and beverage, or a mixed-use scheme; Parcel B is a former church building in use as a garage and terrace unit, with a pre-drawn scheme for conversion into apartments. Both parcels benefit from a key town-centre location, with strong local planning policy support for town-centre regeneration and a positive sign in the form of a local authority car park feasibility study. The town-centre site features good road connectivity via the A16 and excellent visibility and footfall.