Land For Sale £90,000
Amenity Land at Vulcan Road, North Evington, Leicester, LE5 3ED

For Sale by Public Auction on22/11/2023

Location:
The site is located near to the junction of Maynard Road and Sherrard Street and is near to Charnwood Primary School.

Description:
A level plot of landscaped amenity space of approximately
0.051 acre (209 sqm) suitable for residential development 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.
The contract will include an Overage Clause for a 25 year period stating that if the residential development includes for in excess of one small unit 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. If required, 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 will be 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 of the 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