Land for sale

Residential Development Opportunity - Site area of 3.26 hectares (8.1 acres) - Allocated site in Central Lincolnshire Local Plan - Rural edge of market town - Good range of local facilities

Location - Market Rasen is a market town midway between Lincoln and Grimsby on the edge of the Lincolnshire Wolds. It is on the A46 which passes the site and has a railway station with regular services to Lincoln, Newark and Grimsby.

The town is best known for its race course which lies to the east and hosts more than 20 race days per year.

There are a good range of facilities in Market Rasen including the well-reputed de Aston School, Market Rasen Church of England Primary School and local health services. The town centre has a selection of local and national retailers including Tesco and Lincolnshire Co-op stores.

In total, Market Rasen has a population of around 4,000 which is projected to grow over the next 5 years.

Situation - This development site is on the northern edge of Market Rasen with countryside to north and north-west. It has direct access onto Gallamore Lane which is the A46, Lincoln to Grimsby Road.

A completed development by Allison Homes is just to the east. Though the site is in an "edge of town" position, it is close to employment and about half a mile from the town centre.

Description - The property is a level field that we believe is previously undeveloped. It is rectangular in shape with hedging and mature trees to all boundaries. In total, it is an area of 3.26 hectares (8.1 acres).

Planning - The property is an allocated site in the Central Lincolnshire Local Plan (Reference CL1358). Interested parties should make their own enquiries about the opportunities for, and constraints on, development. However, it is anticipated that the site will be suitable for development of at least 80 houses.

Services - We understand that mains water, drainage, gas and electricity are available nearby. Interested parties should make their own enquiries of the providers in connection with capacity and availability of services.

Tenure - Freehold with vacant possession.

Easements, Wayleaves And Rights Of Way - The property is sold subject to, and with the benefit of, all existing easements, wayleaves and rights of way whether or not specifically mentioned in these particulars.

Guide Price - £1,500,000. Offers are invited for consideration.

Note: The owner would prefer to agree a transaction involving the retention of completed units as part of the consideration.

Vat - Prices are quoted net of VAT. However, at the date of these particulars, we understand that the vendors have not elected to charge VAT.

Plans - Plans attached to these particulars are for identification purposes only and do not form part of any contract. They are not to scale.

Viewing - Strictly by appointment with the agents.
For further information or to arrange a viewing please contact sole agents JHWalter.

John Elliott BSc (Hons) MRICS ACIArb MNAVA

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Marketed by: JHWalter, Lincoln