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Commercial Development Opportunity, Manor Farm, Vicarage Lane, Packington, Leicestershire, LE65 1UZ

£500,000

Description

The site provides a series of former agricultural barns with partial consent for conversion to office accommodation as per the plans within these particulars. The scheme could provide approximately 25,000 ft of new office space with ancillary parking and accommodation.
 
Phase 1 currently identified to provide 12 offices totalling 15,625 ft has planning and Phase 2 is a proposal without planning consent for a further 2 buildings for conversion providing 10,150 ft.

The subject property forms a set of former agricultural buildings in a courtyard site of approximately 5.79 acres with consent for a new road access from Measham Road to the west of the village of Packington.

The location is ideally positioned approximately 1.2 miles from Junction 12 of the M42/A42 and 2.3 miles of Junction 13 of the A42/M42 ideally positioned with superb road links between Birmingham and Nottingham via the A42/M42 approximately 10½ miles to the south of East Midlands Airport, 26 miles to the north of Birmingham Airport. The location is well-suited to a variety of businesses.

Development Clause
The property is sold subject to a development uplift clause. The clause specifies that 50% of any uplift in value to the land, triggered as a result of a beneficial Change of Use, other than the consented / proposed office use, will be payable to the Vendor upon implementation or sale should such development occur within 25 years of the sale.


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Agent Contact: Alex Reid
Agent Email: alex.reid@matherjamie.co.uk