SOLD STC | Land to the West of Coalbeach Lane | Surfleet | Lincolnshire | PE11 4DE
* 4 Year Option Offered on 5.6 Acre Clear Level Site
* Located on the Development Boundary of Surfleet
* Located in the Draft South East Lincolnshire Plan for Residential Development
* Purchase Price at 85% of Market Value if Planning Lodged within 3 months of Option Agreement
Surfleet is a small village located on the South Lincolnshire Fens approximately halfway between Spalding (5 miles to the south-west) and Boston (12 miles to the north-east).
The village has a population of approximately 1,300 residents and boasts a church, remains of Roman sea banks, River Glen, public houses, small primary school, hockey club, fish and chip shop with good transport links to Peterborough and the A1, and the A16 trunk road.
The site is located to the west of Coalbeach Lane in a rural residential area at the eastern end of the village.
Site and location plans are included with these particulars.
The site comprises a Greenfield development opportunity being largely level with mature boundaries and access to Coalbeach Lane. There is an additional non-vehicular access on to Station Road.
The site is on the development boundary of Surfleet and features in the South East Lincolnshire Plan as site number Sur016.
The field is offered For Sale with Vacant Possession.
Developers are sought who wish to purchase the land via an option agreement to develop the land for residential housing.
Owners of the land wish to achieve residential development value and are prepared to offer a discount of the sale price to 85% of Market Value if a planning application for residential development of the land is submitted to the Local Authority within 3 months of the option agreement being signed.
The owners wish to approve any scheme being permitted to ensure it is appropriate.
The option to buy the land will be for 4 years at a price of £25,000. This will be non-returnable to the developer but deductable from the purchase price.
The purchase of the land to be completed within 28 days of the planning consent being granted by the Local Authority. The minimum land price will be pre-agreed per gross acre. The final purchase price being the Market Value of the land based on net developable area if it is higher.
Purchasers will be responsible for a reasonable contribution towards the sellers legal fees with regards to the preparation of the option agreement.
By appointment through the agent.