This property is no longer on the market
Land
Key information
Property description & features
- Tenure: Freehold
- Residential development only
- Guide price: £150,000 £160,000 plus vat
Location:
The site is located in Highfields just off St Saviours Road and near Spinney Hill Park. There is also pedestrian access from between 174 and 176 St Saviours Road.
Description:
A site of approximately 0.133 acres (646 sqyds) providing approximately 8 car parking spaces. The site is suitable for residential development of 2 houses or 4 flats subject to planning.
Planning:
The contract will include a restrictive covenant limiting development for residential use (new build) only, subject to planning.
The purchaser shall obtain planning permission within 6-9 months and residential development is to be completed on the site within 2 years of legal completion of the sale and if not, then the Council will have the right to re-purchase the site at the sale price or at its then market value, whichever is the lower.
The contract will include an Overage Clause for a 25 year period stating that if the residential development includes for in excess of 2 houses or 4 flats, then an overage payment of 25% of the agreed sale price (subject to an upward only indexation in line with any increase in the Consumer Prices Index between the date of legal completion and date of payment of the overage) would be payable to LCC per additional dwelling.
The Purchaser will be responsible for any demolition and site clearance within 6 months of legal completion of the purchase. The purchaser will be responsible to erect a fence of 1.8m or 2m (subject to planning) in height or the boundary treatment is made up of retained walls from the existing buildings in order to separate off the site from the neighbouring properties.
The full Development Guidance is included in the sale pack.
Local Authority: Leicester City Council[use Contact Agent Button].
Note
The Council reserves the right to exercise an option to tax on the sale site prior to completion.
The sale will be subject to the Buyer paying the Seller's legal and surveyor's fees of 1% each plus VAT.
No offers will be accepted on this lot prior to the auction.
Tenure
Freehold.
Solicitors
Legal Services, Leicester City Council, City Hall, 115 Charles Street, Leicester LE1 1FZ ~ [use Contact Agent Button] ~ Ref: B Sonrat
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 202949. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Kal Sangra Shonki Brothers - Auction House.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 21, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 21, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.