Description
Strategic development land extending to 26.7 acres
Location - The subject property is located at Junction 11 of the M42 close to the village of Appleby Magna. The property directly adjoins a service station which incorporates a
McDonalds, Appleby Park Hotel (Best Western) and Shell Petrol Station (Services). The site lies on the opposite side of the motorway to the Jaguar Landrover site at Mercia Park. The location is prime for connection to the midlands motorway networks, giving direct links to Birmingham, Nottingham and beyond. Junction 10 of the M42 (Tamworth) is 7 miles to the south. Junction 12 of the A42 (Ashby de la Zouch) is 4 miles to the north. Junction 11 of the M42 is crossed by the A444 which locally runs from Burton upon Trent to Nuneaton.
Description - A block of strategic land with frontage and the benefit of a number of entrances onto Atherstone Road (and through the Petrol Station site). The site adjoins a McDonalds fast food outlet and a Shell Service Station, both are extremely busy. The subject property benefits from 7 enclosures all bordered predominantly by mature hedgerow. The total area of the property extends to 26.7 acres. The fields are a mix of arable and pasture fields with the track / yard and building extending to approximately 1.67 acres.
The land gently slopes from north to south. The soil is a medium clay loam. The land is Grade 2 as per the Agricultural Land Classification Table
Buildings - The property benefits from a steel portal framed agricultural building which extends to approximately 8.5m x 50m. The building includes part breeze block walls and part "Yorkshire board" cladding. The roof is clad with sheeting. The majority of the building has previously benefited from a commercial permission for B2 and B8 use as per application reference 11/00748/FUL.
Hs2 East - HS2 East
The site has previously been included as part of HS2 east, extending high-speed rail from the West Midlands to the north. In October 2023 the UK Government announced that this phase of the project has now been cancelled. The expectation was for safeguarding to be lifted during mid-2024, however the land remains safeguarded at present.
Rights Of Way, Easements And Wayleaves - The property is accessed via a right of way over the service station land
Services - The property benefits from mains water and mains electricity (including 3 phase electricity). Purchasers are to make their own enquiries as to connectivity, the services have not been tested.
Overage Clause - The property is to be sold subject to an overage clause reserving a 35% claw-back over a 40 year period (from the date of completion) for any enhanced value (over and above existing use value) attributed to any residential or commercial planning permission. The overage clause will not be triggered by any agricultural or equestrian
planning permission.
Viewing Arrangements - Strictly by prior appointment via the agents Howkins & Harrison Tel:01530-410930 Option 4
Local Planning Authority - The property is located within the boundaries of North West Leicestershire District Council. Tel: 01530 454665. The selling agents believe that the land may hold development potential due to the land's positioning with regard to Junction 11 of the M42 which has seen growth and development over the last few years. The land has not been allocated within the local plan or any emerging plan. Purchasers must carry out their own research in to the properties' planning potential.
Tenure And Possession - The property is sold freehold with vacant possession upon completion.
Restrictive Covenants - The agent has not been made aware of any restrictive covenants which affect the property.
