Land at Leicester Road

Residential development site with outline planning permission for 140 dwellings.

Distances
Earl Shilton town centre - 600m
Hinckley - 4.5 miles
Leicester - 8.5 miles
M69 / M1 Junction - 7.5 miles

Situation
The land at Leicester Road is situated to the north of the small town of Earl Shilton, about 8½ miles south west of the city of Leicester and adjoins open countryside to the north.Earl Shilton is about 4 miles north east of the larger town of Hinckley and offers a very good range of local amenities including banks, post office, Co-op food store and hospitality venues. There are railway stations at Hinckley, Leicester and Nuneaton (6 miles). Access to the Midlands road network is very good with the A5 about 5 miles to the south west which in turn gives access to the M69 at Junction 1. The M1 / M69 junction is about 7½ miles to the east.

Description
The site comprises a gently sloping greenfield site in three principal enclosures all currently laid to grass. The boundaries between the fields generally comprise traditional hedges and these are incorporated into the outline planning permission as linear landscape features. The plan within these details shows the master plan which has been approved by the local authority. This includes a field to the west (hatched red on the plan overleaf) which doesn’t form part of the planning consent and is being retained by the owner. This land was included in an earlier application by Gladman for 190 dwellings which was withdrawn following consultation with the LPA. Relevant indemnities will be required between the purchaser and the owner with regard to S.106 contributions.

The net development area is about 8.52 acres (3.54 hectares) with the remainder being POS. The site is self contained with no offsite works required apart from those in the public highway. Primary vehicular access will be from Leicester Road as can be seen from the masterplan but there is a network of rights of way through the site which will enable pedestrian access out to Keats Lane and easy access to the town centre and schools etc. The land shown hatched orange on the masterplan has planning permission for an affordable housing scheme and is under the control of Midland Heart who expect to be on site with development commencing in late 2022 / early 2023.

Planning Status
Planning permission was granted by Hinckley and Bosworth Borough Council in July 2022, reference 21/00135/OUT. All relevant planning documents are available in the online data room. A section 106 Agreement has been signed and contributions will be finalised on the grant of reserved matters but are estimated to be in the region of £1.2m.

Information Pack
A detailed information pack with all available reports and planning documents is available in the data room. This also includes a topographical survey, phase 2 ground investigation report and archaeological reports. For access to the data room please contact James Collier at Howkins and Harrison LLP, james.collier@howkinsandharrison.co.uk or Julian Hamer at Gladman, j.hamer@gladman.co.uk.

Services
Comprehensive replies to service enquiries are in the dataroom.

Affordable Housing
The Section 106 Agreement provides for 28 affordable housing units, comprising 21 for social or affordable rent and 7 for intermediate tenure.

New Build Comparables
Avant Homes are actively selling on their Sheltone Village development at Heath Lane, on the north side of Earl Shilton to the west of the Leicester Road site. Phase 2 is being marketed with 3, 4 and 5 bedroom dwellings with a price range of £272,950 to £452,950. Bloor Homes are actively selling at Hollycroft Grange, Hinckley and have various plots available ranging from 3 bed semi-detached at £270,000 (approx. 800sq.ft.) to 4 bedroom detached at £470,000 (1,430sq.ft.). Taylor Wimpey are actively selling on their Meadow Green Development at Watling Street, Nuneaton including:

• 2 bedroom end terrace (771 sq.ft.) - £245,500 (£318/sq.ft.)
• 3 bedroom detached with garage (976 sq.ft.) - £304,000 (£311/sq.ft.)
• 3 bedroom detached (1,040 sq.ft.) - £324,950 (£312.50/sq.ft)

Method of Sale
Offers are invited for the whole site on a freehold basis. Priority will be given to unconditional bids. The land is freehold and vacant possession will be available on completion.

Legal Matters
Title details are available in the data room.

Bids
Bids are to be submitted by 12 noon on Friday 7th October 2022. Bids should be sent simultaneously on email to james.collier@howkinsandharrison.co.uk and j.hamer@gladman.co.uk.

VAT
The vendors will register the land for VAT prior to the exchange of contracts and VAT will be payable in addition to the purchase price.

Viewing Arrangements
By prior agreement with Howkins and Harrison Tel;01827 718021 Option3

Local Authority
Hinckley and Bosworth Borough Council, Hinckley Hub, Rugby Road Hinckley, Leicestershire, LE10 0FR

Contacts
James Collier, Howkins and Harrison LLP,15 Market Street, Atherstone, Warwickshire, CV9 1ETT

Jeff Paybody, Howkins and Harrison LLP, 7-11 Albert Street, Rugby, Warwickshire, CV21 2RX

Julian Hamer, Gladman House, Alexandra Way, Congleton Business Park, Congleton, Cheshire. CW12 1LB

Important Notice
Every care has been taken with the preparation of these Sales Particulars, but complete accuracy cannot be guaranteed. In all cases, buyers should verify matters for themselves. Where property alterations have been undertaken buyers should check that relevant permissions have been obtained. If there is any point, which is of particular importance let us know and we will verify it for you. These Particulars do not constitute a contract or part of a contract. All measurements are approximate. The Fixtures, Fittings, Services & Appliances have not been tested and therefore no guarantee can be given that they are in working order. Photographs are provided for general information and it cannot be inferred that any item shown is included in the sale. Plans are provided for general guidance and are not to scale.