Land for sale

Further to the submission of initial bids over the last few weeks, our clients have instructed us to seek best and final offers from all interested parties. As a reminder, the property comprises 2.48 acres of land off Gypsy Lane, Atherstone. In the previous Local Plan, the land was allocated as an employment site. In the new Local Plan, which was adopted in September 2021, the allocation for the site has changed slightly and is now as set out on the attached plan which is taken from the North Warwickshire Borough Council Local Plan document. The site is located at the south-eastern corner of the plan and is covered by the green hatched area and the B (adjacent to E1 A). Any enquiries relating to the allocation or planning permission on the site should be directed to the Local Authority. We would therefore be grateful if you would submit your best and final offer, together with proof of funds or confirmation of funding arrangements, on the terms stated below, in writing on the attached form, either by post or email to both ashling.toolan@howkinsandharrison.co.uk and ian.large@howkinsandharrison.co.uk no later than 12 noon on Wednesday 3rd November 2021.Offers should be made on the basis of the terms below:1)All offers should be for a single lump sum in pounds sterling and not expressed to be related to any other offer. 2)The clients will be seeking exchange of contracts as soon as possible after accepting a successful bid and completion either simultaneously or as soon as possible thereafter.3)The vendor is not bound to accept the highest (or indeed any) offer received.If you require any further information prior to formulating your offer, please do not hesitate to contact us.A strategic 2.48 acre grassland paddock which has been allocated as an employment site in the North Warwickshire Borough Council Local Plan.

Location
The land is located on the northern edge of the town of Atherstone, immediately north of the Holly Lane Industrial Park. The land is accessed off Gypsy Lane, which itself is off Rowlands Way which joins Holly Lane at the Aldi roundabout. The land is located under a mile from the A5, which links to the M42 in the north west and the M69 in the south east.

Distances
• Tamworth 6 miles
• Nuneaton 6 miles
• Hinckley 10 miles
• Birmingham 18 miles

Description
This plot of land is approximately 2.48 acres (1.00ha) of permanent pastureland. It also includes a single storey brick and tile building adjacent to the field entrance off Gypsy Lane. The land is within Flood Zone 3.

The site forms part of the commercial strategy plan for Atherstone. As the site borders the Holly Lane Industrial Park, it is prime land for the extension of the industrial estate.

Planning
Under North Warwickshire Borough Council’s Regulation 19 Local Plan, the site is designated as an employment site. Further details on this can be found on the North Warwickshire Borough Council website.

Overage
The Vendor and their successors in title reserve a 30% overage (over existing use value) payable in the event of a change of use or grant of a planning permission for any use other than agriculture or equestrian. The overage will last for 50 years.

Basis of Sale
The site is offered for sale by private treaty as a single block.

Services
The land does not benefit from any mains services.

Tenure & Possession
The property is sold freehold subject to a lease. The lease can be terminated by providing 3 months’ notice with the first opportunity for vacant possession being the 1st of September 2022.

Rights of Way, Easements and Wayleaves
There are not believed to be any public or private Rights of Way which impact the property.

Local Authority
North Warwickshire Borough Council – www.northwarks.gov.uk / 01827 715341

Viewing
By prior appointment with the agents.

Contact
Ian Large
Telephone: 01530 877977 (Option 2) / ian.large@howkinsandharrison.co.uk
Ashling Toolan
Telephone: 01827 721380 / ashling.toolan@howkinsandharrison.co.uk