This property is no longer on the market
Land
Key information
Property description & features
- Tenure: Freehold
- Residential development only
- Guide price: £100,000 £110,000 plus vat
Location:
The site is located off Tudor Road near to The Rally playground.
Description:
A former car park of approximately 0.09 acres (436 sqyds) suitable for 2x2 storey semi detached dwellings subject to planning.
Planning:
The contract will include a restrictive covenant limiting development for residential use (new build) only, subject to planning permission. The purchaser shall obtain planning permission within 6-9 months of legal completion of the purchase.
Residential development is to be completed on the site within 2 years of legal completion of the sale and if not then the Council as the Seller 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 entitling the Seller to an Overage payment on implementation of any outline or detailed planning permission. An overage clause is to be included stating that if the residential development includes in excess of 2x2 storey semi detached dwellings, 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.
Note
Previously marketed for £120,000 - £130,000.
The Council reserves the right to exercise an option to tax on the sale of the site prior to completion.
The sale will be subject to the Purchaser paying the Seller's legal and surveyors fees of 2% of the purchase price plus VAT.
No offers will be accepted on this lot prior to the auction.
Purchaser will be responsible for any demolition and site clearance within 6 months of legal completion of the purchase in order to minimise anti-social behaviour on the site. If required, the purchaser will be responsible to erect a fence of 1.8m or 2m (subject to planning permission) 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 will be included in the sale pack.
Local Authority: Leicester City Council[use Contact Agent Button].
Tenure
Freehold.
Solicitors
Legal Services, Leicester City Council, City Hall, 115 Charles Street, Leicester LE1 1FZ
[use Contact Agent Button] ~ Ref: M Rai
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Broadband availability and predicted speed: obtained from Ofcom on January 23, 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
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Mobile phone signal availability and predicted strength
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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
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Energy Performance data and Internal floor area
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