Opportunity to acquire a development opportunity in the highly sought after Humberstone Village, Leicester. The site benefits from drawings for a scheme of 5 detached houses (4x 5 bed and 1x 4 bed) with associated parking and gardens. We anticipate the overall GDV to be £2,750,000.
Currently a four bedroom detached property occupies the plot which is in need of substantial refurbishment.
Plans have been drawn for the demolition of the existing dwelling, being replaced with five executive detached houses all with associated parking and landscaped gardens.
We anticipate a GDV of £2,750,000.
The site is not opted to tax and therefore VAT will not be chargeable on the sale price. Location
Vicarage Lane occupies a quiet position directly opposite the Monks Rest Gardens and the Old Humberstone Bowling Green.
Humberstone offers a wide range of amenities including a selection of supermarkets, the Thurmaston Retail Park, Costco Industrial Area, recreational facilities such as Humberstone Heights Golf Course, and well regarded schooling for all ages within walking distance.
A range of local transport links provide bus routes into the city, the railway station in Leicester with direct links to London St Pancras, and the A46/A607 road networks linking all major cities nearby making this a perfect location for commuters. Planning
The existing dwelling and curtilage is subject to an overage clause of 25% of the benefit of gaining more than one further dwelling on the site with 21 years remaining.
Various surveys including Ecological, arboriculture and SuDS have been carried out and can be made available to serious prospective purchasers.
The site also benefits from a lapsed planning application (20170945) for change of use to D1. Viewings and Directions
Strictly by appointment only through the sole agent Oliver Rayns.
Postcode for Sat Nav: LE5 1EE *CGIs and layouts are indicative only