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Land for sale
Land on the corner of Gilmorton Avenue and Bridgemeare Close, Leicester, LE2 9JY
£750
Land on the corner of Gilmorton Avenue and Bridgemeare Close, Leicester, LE2 9JY
£750
Our Summary
- For Sale by Public Auction on 09/04/2025 Location: The site is located off Lutterworth Road, near to the junction of Glenhills Way
- Planning: Potential for development, subject to planning permission
- A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 30 year period
- The property is sold subject to a development uplift clause which will reserve 30% of any increase in value due to any non-agricultural or equestrian development that takes place within 30 years of the completion of purchase
- These clauses will be triggered either upon the implementation of a planning consent or the sale of the property to a third party, subject to any consents
Description
A level site of approximately 0.27 acres is being sold by public auction on September 4, 2025, located off Lutterworth Road near the junction of Glenhills Way. The site is currently a public open space and has potential for development, subject to planning permission from Leicester City Council. The sale is subject to the buyer paying the seller's legal and auctioneer's fees, and a development uplift clause will be included in the contract, entitling the seller to recover 30% of any increase in value due to non-agricultural or equestrian development within 30 years. Additionally, a restrictive covenant will be imposed to prevent the siting of mobile homes or temporary dwellings without written consent from the vendor. The property is being sold freehold, and VAT will be payable on the purchase price.