Limby Hall Lane, Swannington, Coalville Land for sale

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Limby Hall Lane, Swannington, Coalville Land for sale

Limby Hall Lane, Swannington, Coalville
£100,000

Our Summary

  • The overage agreement will entitle the vendor to 25% of any uplift in value for a period of 30 years from any development of the land, excluding development for agricultural or equestrian use

Description

A unique opportunity to acquire a 0.87-acre block of land in an attractive location, currently used as allotments and a storage yard. The land is situated off Limby Hall Lane, east of the village of Swannington in north-west Leicestershire, and benefits from access to major road networks. The property is a single enclosure with a combination of hedge and fence boundaries, and is available for sale as a whole. The land is classified as Grade 3 and is understood to be situated within a Nitrate Vulnerable Zone (NVZ). The freehold interest in the land is offered for sale, subject to prevailing allotment agreements, and vacant possession can be obtained on 12 months' written notice to the allotment holders. The land is registered with the Land Registry and is held under Title Number LT383699. The property is sold subject to an overage agreement, which will entitle the vendor to 25% of any uplift in value for a period of 30 years from any development of the land, excluding development for agricultural or equestrian use. Interested parties are invited to submit best and final offers by 12 noon on January 31st, 2025.
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