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01507 350500

Mareham Road, Horncastle
£1,100,000

Full Planning Consent for 52 houses with a further 77 with Outline Permission
Agreed S106 obligation and Unilateral Undertaking
Freehold with Vacant Possession upon Completion
Potential to increase from 129 to 156 dwellings subject to planning and an overage clause
Full rights of off-site drainage with clear landowner maintenance responsibilities
 

LOCATION
Horncastle is situated some 22 miles from Lincoln and is a thriving rural market town. The town has a population of around 6,500 and lies south of the Lincolnshire Wolds and offers a good range of amenities including the well reputed Queen Elizabeths Grammar school and Horncastle Adult Education College. Horncastle is well known for its antique shops. The town sits at the crossroads of two of Lincolnshire's major roads: the A158 runs west-east, joining the city of Lincoln with the resort of Skegness on the Lincolnshire coast; the A153 joins Louth in the north with Sleaford and Grantham in the south. Woodhall Spa and its internationally acclaimed golf course is a short distance away



There is a good range of local retailing including a Tesco store and the full range of independent shops, pubs and hotel. The town is well known for its sports teams, having excellent and well supported football, cricket and hockey clubs. The site is concealed from but opposite the northern end of the thriving industrial estate with some retail units being an important employment centre in the town.


DESCRIPTION
The vendors offer the opportunity to acquire a greenfield residential development site on the south eastern side of the market town of Horncastle. The site is available as a whole or in five phases. Phase one and two have Full Planning Permission for 52 houses with the remaining three phases (77 dwellings) having the benefit of Outline Planning Permission. Planning consent is for 129 dwellings on 9.036 hectares / 22 acres or thereabouts with all matters reserved except access.


ACCOMMODATION
PROPOSED DEVELOPMENT

This property presents an opportunity to develop 129 houses (52 with full planning consent). An indicative design and layout plan of the proposed phases and house types is shown in these particulars. Larger format and electronic versions are available from the agents upon request via Dropbox. The proposals are for a mix of house types off newly constructed roads with public open space and amenity areas.



Access to the development will be from Mareham Road. Land to the north and east forms the Horncastle South East Quadrant earmarked for the future housing growth in the SHLAA.



There is scope to amend the existing planning consent to increase to at least 156 dwellings as set out on a second illustrative masterplan as the technical reports support an increased density, subject to obtaining the necessary consents. Prospective parties can see a full set of documents in the marketing pack available upon request (via Dropbox file sharing portal) from the sole agents and to make themselves fully aware of its contents before making offers.


TERMS
Freehold with Vacant Possession on Completion. The land is in an arable rotation. The preference is for a sale on an unconditional basis.



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. Please note that the site has rights of drainage to the Thunker drain from the North West corner of the site in a north westerly direction and an easement from the northerly ditch in a northerly direction.



TITLE

The vendors have full and unencumbered registered title of the land. The sale contract will allow for the construction of 129 houses, any variation to the contracted terms will be strictly by separate negotiation.


VAT
VAT is chargeable in addition to the purchase price


LEGAL COSTS
Each party to bear their own


SERVICE CHARGE
n/a


PLANNING
Planning application reference S/086/02478/12 was refused at ELDC planning committee but an appeal was allowed under reference APP/D2510/A/14/2228085. The vendors have carried out a great deal of work not normally required to obtain outline planning consent particularly in respect of technical drainage work and the legal issues regarding off site drainage and maintenance. A significant amount of further information is available from the agents upon request.


OTHER
Please note the vendors will retain the ownership of the drainage ditch on the northern boundary and a strip down the eastern boundary unless otherwise specifically negotiated. The purchaser is to indemnify the vendors against landowners riparian responsibilities under the Land Drainage Act 1991. The vendors are prepared to consider terms to enter into a promotion or option agreement on future phases.


VIEWING
Allowed in normal daylight hours


 

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