Land at Chapel Street

Outline planning permission is granted for the construction of three properties totaling 7,800 square feet gross floor area with a GDV of circa £2,400,000.

General Description - Alexanders of Ashby offer to the market an exciting opportunity to acquire a development site for three substantial detached family homes, in the well serviced and accessible village of Oakthorpe. Outline planning permission is granted for the construction of three properties totaling 7,800 square feet gross floor area with a GDV of circa £2,400,000, making this development perfect for small to medium sized developers with circa 35% return on investment.

Planning - The site is accessed via a common ground driveway. The developable area totals 0.65 of an acre and alternative schemes could be proposed should the purchaser wish. There is a further 2.1 acres of paddock land that has been wilded by the current owners. It is thought that the paddocks could be split and included in the sale to plots 1 & 2 under the current scheme to enhance the resale value of the larger plots.

We estimate that there is around a 35% return on investment, making this opportunity exciting for the right developer.

Further detail can be found on the North West Leicestershire planning portal, application number 21/00438/OUT.

Location - The village is an attractive settlement in North West Leicestershire, boasting amenities such as a public house, leisure centre and a primary school rated 'Good' by Ofsted. Within close proximity is the sought after market town of Ashby-de-la-Zouch, and commuter links to Nottingham and Birmingham are excellent via the M42 motorway.

Distances - Loughborough 21 miles, Leicester 19 miles, Nottingham 25 miles, Birmingham 27 miles, London St Pancras from 1h 22m, East Midlands Airport 14 miles (distances and timescales are approximate).

Viewing - Viewing strictly by appointment only via sole selling agent, Alexanders of Ashby-de-la-Zouch .

Local Authority - Northwest Leicestershire District Council, Council Offices, Coalville, Leics, LE67 3FJ (Tel: ).

General Note - OS Map: The Plans within these particulars are based on Ordnance Survey data and are provided for reference only. The blue outline shows the developable area and the red outline inlcudes the paddock land.



Marketed by: Alexanders, Ashby-De-La-Zouch