15 Market Street
Atherstone
CV9 1ET
Desford Lane, Peckleton, LE9
Guide Price £225,000
Land
- Strategic development opportunity
- Adjacent to Griffen Park commercial / logistics development
- Excellent transport links
- Freehold
An exciting opportunity to purchase approximately 17.92 acres of arable land with strategic development potential
Travel Distances
Leicester - 8.5 miles
M1 Junction 21 - 8 miles
M69 Junction 3 - 8 miles
Location
The land is strategically located adjacent to the Griffen Park development site. Junction 21 of the M1 and Junction 3 of the M69 are approximately 8 miles to the east, providing convenient transport links to the wider Midlands region and further afield. The land is currently accessed off Desford Lane, at the eastern end of the village of Peckleton.
Description
The land comprises a single block of gently sloping arable land extending to approximately 17.92 acres and is bounded by a mixture of hedgerows and post and rail fencing.
The land is classified as Grade 2 on the Agricultural Land Classification map and according to The Soil Map of England and Wales, the soil is a loamy clayey soil of the Beccles 1 series.
Development Potential
The land is immediately adjacent to existing new commercial development, and, subject to planning permission, would form a logical extension to the existing built form.
The land itself has not been promoted through the Hinckley and Bosworth Local Plan, however the surrounding land is under the control of a developer and is referred to in the 2020 SHELAA report as site reference LPR24, being land west of Neovia, Peckleton Lane, Desford. The total site area under this reference is 84.34 hectares with the potential to accommodate approximately 340,000sq.m. of B8 development. It is identified in the 2020 SHELAA report as being suitable, available and achievable within a 15 year timescale. The more recent 2022 SHELAA is still under consideration by the local authority.
Site LPR24 has not been allocated for development in the draft Local Plan published in 2022 but the land clearly has long term development potential being adjacent to an existing regionally important employment area.
Services
We understand that the land does not benefit from any mains services. Purchasers should make their own enquiries regarding the location of mains services supplies.
Overage Clause
The land will be sold with an overage clause which retains 30% of any uplift in value attributed to any change of use or planning permission for development for a period of 30 years. For the avoidance of doubt, the overage will not be triggered by any agricultural, private equestrian or forestry use.
Sporting & Mineral Rights
The sporting and mineral rights are to be included within the sale insofar as they are owned.
Tenure
Freehold. The land is currently let on a 1-year Farm Business Tenancy, with vacant possession being available on 29th September 2026. However, vacant possession may be obtained prior to this date, if required by the buyer. Should there be an unharvested crop on the land at completion of the sale, the buyer will be obliged to purchase this from the tenant at market value in addition to the purchase price of the land, if the buyer requires vacant possession on completion.
Method of Sale
The land will be sold by private treaty.
Viewing
The land may be viewed during reasonable daylight hours by anyone in possession of a copy of these particulars.
Local Authority
Hinckley & Bosworth Borough Council
Plan, Area & Description
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the Vendor or their Agents in respect of any error, omissions or misdescriptions.
The plan is for identification purposes only and is not to scale.
Anti-Money Laundering
To enable us to comply with the Money Laundering Regulations we need to verify the buyer’s identity before proceeding with a sale. We charge a small administration fee for conducting an electronic AML verification check via our online provider, MoveButler.
What3Words
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Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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