Limby Hall Lane, Swannington, Coalville

An opportunity to acquire a useful block of land, currently used as allotments, in an attractive location, extending to approximately 0.87 acres or thereabouts.

We have been instructed by the Vendor to run an Informal Tender process and to call for Best and Final offers for the property. We require offers to be submitted to us in writing (either by post or email) by 12 noon on Friday 31st January 2025 on the enclosed form. Please contact the Selling Agent at the earliest opportunity to obtain a copy of the form or to discuss any matters relating to this.

Informal Tender (Best & Final Offers) - We have been instructed by the Vendor to run an Informal Tender process and to call for Best and Final offers for the property. We require offers to be submitted to us in writing (either by post or email) by 12 noon on Friday 31st January 2025 on the enclosed form. Please contact the Selling Agent at the earliest opportunity to obtain a copy of the form or to discuss any matters relating to this.

Location - The land is located off Limby Hall Lane, which is east of the village of Swannington in north-west Leicestershire. The land is conveniently located approximately 4 miles east of the town of Ashby-de-la-Zouch and 3 miles north-west of the town of Coalville and benefits from access to major road networks nearby.

Description - The land is a single enclosure of amenity land, part of which is currently used as allotments and a storage yard area. The area currently used as builders sorting yard was understood to have been previously used as a coal yard. Limby Hall Lane extends around the full boundary of the site and the land sits centrally within an ‘island’ area of the lane. The land extends to 0.87 acres or thereabouts and is available as a whole. The land is secured by a combination of hedge and fence boundaries and benefits from 2 access points directly off Limby Hall Lane.

The land is classified as Grade 3 and the soil is a slowly permeable, seasonally wet soil. The land is understood to be situated within a Nitrate Vulnerable Zone (NVZ).

Services - We do not believe that the land benefits from any services.

Sporting & Mineral Rights - Any sporting and minerals rights will be included in the sale insofar as they are owned by the vendor.

Method Of Sale - The land will be sold via Informal Tender. Please contact the Selling Agent for further details. Please note the deadline for tenders is 12 noon on Friday 31st January 2025.

Tenure - The freehold interest in the land is offered for sale, subject to the prevailing allotment agreements.

The land is currently occupied on the basis of four annual Allotment Agreements. Vacant possession of the site can be obtained on the service of 12 months written notice to the allotment holders. Please note that notice has not been served.

The land is registered with the Land Registry and is held under Title Number LT383699. Please note this Title includes additional land that is excluded from this sale.

Rights Of Way, Easements & Wayleaves - As far as we are aware there are no public or private rights of way impacting the land.

The property is sold subject to and with the benefit of all existing wayleaves, covenants, easements and rights of way whether referred to in these particulars or not.

Overage - The land will be sold subject to an overage agreement. The overage agreement will entitle the vendor to 25% of any uplift in value for a period of 30 years from any development of the land, excluding development for agricultural or equestrian use. Please contact the selling agent for more information.

Giant Hogweed - We are aware that Giant Hogweed has previously been identified growing on a small part of the land and adjacent verges. Interested parties should satisfy themselves to the extent of this and any remedial works required.

Local Authority - North West Leicestershire District Council -

Viewings - The land may be viewed on foot during reasonable daylight hours by persons in possession of a copy of these particulars.

Value Added Tax (Vat) - In the event that any part of the holding is subject to VAT, this will be payable by the purchaser in addition to the purchase price.

Legal Costs - Each party to bear their own costs associated with the transaction.

Plan, Area & Description - The plan, areas and description are believed to be correct in every way, but no claim will be entertained by the Vendor or the Selling Agent in respect of any error, omissions or misdescriptions.