Solicitor Details

*Guide Price & Reserves

LAND

Addendum

SOLD PRIOR

Property Description

Location:

The site is located off Lutterworth Road, near to the junction of Glenhills Way.

Planning:

• Potential for development, subject to planning permission
• Local Authority: Leicester City (0116) 454 3000

Note:

• VAT will be payable on the purchase price
• The sale will be subject to the Buyer paying the Seller's legal and Auctioneer's fees
• A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 30 year period
• The property is sold subject to a development uplift clause which will reserve 30% of any increase in value due to any non-agricultural or equestrian development that takes place within 30 years of the completion of purchase
• This clause would be triggered if the land is included as the Biodiversity Net Gain element of any other associated planning consents
• These clauses will be triggered either upon the implementation of a planning consent or the sale of the property to a third party, subject to any consents
• A restrictive covenant will be imposed on preventing the siting of any mobile home, or temporary dwelling without the written consent of the Vendor

Tenure:

Freehold.

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.