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Land for sale
Desford Lane, Peckleton, LE9
£295,000
Desford Lane, Peckleton, LE9
£295,000
Our Summary
- 92 acres of arable land with strategic development potentialBID DEADLINE: THURSDAY 22ND MAY 2025 AT 12 NOONTravel Distances - Leicester - 8
- Development Potential - The land is immediately adjacent to existing new commercial development, and, subject to planning permission, would form a logical extension to the existing built form
- The land itself has not been promoted through the Hinckley and Bosworth Local Plan, however the surrounding land is under the control of a developer and is referred to in the 2020 SHELAA report as site reference LPR24, being land west of Neovia, Peckleton Lane, Desford
- 34 hectares with the potential to accommodate approximately 340,000sq
- Site LPR24 has not been allocated for development in the draft Local Plan published in 2022 but the land clearly has long term development potential being adjacent to an existing regionally important employment area
- Overage Clause - The land will be sold with an overage clause which retains 30% of any uplift in value attributed to any change of use or planning permission for development for a period of 30 years
- Strategic development opportunity
Description
This 17.92-acre arable land property is strategically located near the Griffen Park development site, with easy access to the M1 and M69 motorways. The land is currently used for farming and has potential for development, with the adjacent site LPR24 identified in the 2020 SHELAA report as suitable for 340,000sq.m of B8 development. The property does not have mains services, and the sale includes an overage clause that retains 30% of any uplift in value attributed to changes in use or planning permission. The sporting and mineral rights are included in the sale, and the property is being sold freehold with vacant possession upon completion. The property has a gentle slope and is classified as Grade 2 on the Agricultural Land Classification map, with loamy clayey soil. With its proximity to major transportation routes and development potential, this property presents an exciting opportunity for investors or developers.