Development Site For Sale

Land Off Coventry Road, Lutterworth, Leicestershire

POA


An opportunity to acquire an exclusive residential development site located in a popular south Leicestershire market town.

  • Freehold sale by informal tender
  • Detailed planning permission for 72 dwellings
  • (subject to completion of Section 106 Agreement)
  • Gross site area of 5.31 acres (2.15 hectares)
  • New access off Coventry Road
  • Close proximity to several good schools
  • Offers invited on both an unconditional and conditional basis



Location
The site is situated in Lutterworth, approximately three quarters of a mile to the west of the town centre and access will be taken from Coventry Road to the north. The land is owned by Harborough District Council.

The site comprises a single enclosure of 5.31 acres (2.15 hectares) being former allotments previously accessed off De Verdon Road. The site is essentially level and currently comprises of rough grass, with a few bushes and leylandii trees. There is a hard core access track running from the existing access from De Verdon Road, with two spurs off, there are also two small buildings closest to Coventry Road to the north, one being a prefabricated garage structure and the other a small red brick ancillary building. The boundary to the site is mainly enclosed by timber fencing to the rear of the adjoining residential properties, with a hedge and some trees fronting Coventry Road to the north. The site will be accessed from a new junction with Coventry Road, that leads to the town centre and gives easy access to the A4304 leading to the M1 Motorway to the west.

Schools
The site is located within close proximity to the following schools:

Lutterworth High School (Ofsted rating 'Outstanding') approximately 0.4 miles from the site.
John Wycliffe Primary School (Ofsted rating 'Good') approximately 0.5 miles from the site.
Lutterworth College (Ofsted rating 'Good') approximately 0.8 miles from the site.
Sherrier Church of England Primary School (Ofsted rating 'Good') approximately 0.8 miles from the site.
St. Marys Church of England Primary School (Ofsted rating 'Outstanding') approximately 1.8 miles from the site.

Planning
A resolution to grant detailed planning permission was granted at planning committee by Harborough District Council on 6th October 2020 for the erection of 72 dwellings to include means of access from Coventry Road, public open space and all other ancillary works, subject to the completion of a Section 106 Agreement as per the planning committee report which can be found within the dataroom. Planning reference 19/00853/FUL.

A copy of the draft planning decision notice and Section 106 Agreement will be made available in due course.

Interested parties are encouraged to familiarise themselves with the specific obligations of the Section 106 Agreement. In this instance the Section 106 Agreement referred to will actually be a Section 111 Agreement as the Landowner and the planning authority are the same, the Landowner cannot contract with itself. A summary of the principal Section 106 obligations are set out below:

Affordable Housing - 40% is by way of a Section 106 Agreement, 29 units in total.
- 60% Affordable Rented, 40% Intermediate Housing.
Community Facilities Contribution - £85,320 - £61,416 depending on project
- Trigger Point - 50% prior to commencement, 50% prior to occupation of any dwellings
Library Contribution - £2,170
- Trigger Point - TBC
Open Space Contributions - Off Site POS Outdoor Sport £117,576, Off Site POS Children and Young Person Provision £45,000, Off Site POS Allotments £3,477.60, Off Site POS Burial £13,082.40, Off Site POS Greenways £19,706.40
- Trigger Point - Open Space to be available prior to 75% of dwellings being occupied, off site contributions to be paid prior to 33% of dwellings being occupied
NHS CCG Contribution - £28,799.05
- Trigger Point - 50% prior to occupation of 50% of dwellings, 50% prior to occupation of 90% of dwellings
Education Contribution - £290,234.88 - primary school only
- Trigger Point - TBC
Waste Facilities Contribution - £5,763.00
- Trigger Point - TBC
Highways and Public Transport Contribution - Travel Packs at £52.85 per pack, 6-month bus passes (2 per dwelling) £360.00 per pass, Sustainable Travel Monitoring Fee £6,000
- Trigger Point - TBC
Monitoring Fee Contribution - 15% of application fee or £250 per contribution
- Trigger Point - within 14 days of commencement
It will be the responsibility of the Purchaser to fulfil the obligations under the Section 106 Agreement and to indemnify the seller and promoter against any future costs or liabilities.

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