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Land on the corner of Gilmorton... 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 on09/04/2025Location: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 public open space of approximately 0.27 acres is up for sale by public auction on September 4, 2025, located off Lutterworth Road near Glenhills Way. The site has potential for development, subject to planning permission, and is being sold as a freehold property. Note that VAT will be payable on the purchase price, and the sale is subject to the buyer paying the seller's legal and auctioneer's fees. Additionally, 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 of the sale. A restrictive covenant will also be imposed to prevent the siting of mobile homes or temporary dwellings without the seller's written consent.