An exceptional rural development opportunity comprising land extending to just over one acre with Full Planning Permission to construct six detached houses on the site of the former Old Red House Public House now demolished

The property stands adjacent to the A43 Kettering Road outside of the north Northamptonshire village of Hannington and has the benefit of a start with the foundations to plot 4 already laid and the CIL tax paid by the vendor.

Tenure

Freehold

PLANNING PERMISSION

Planning permission has been granted for the construction of 6 dwellings. APPLICATION NO. DA/2018/1134 | WND/2022/0100. Work has also been carried out on the two entrances to the development site and has been inspected by the Council Official and approved. For further planning notices, please see the legal pack.

SITE

PLOT 1: 5 bed | 202.437 Sq m | 2,179.8 sq ft PLOT 2: 5 bed | 202.437 Sq m | 2,179.8 sq ft PLOT 3: 5 bed | 168.403 Sq m | 1,812.73 sq ft PLOT 4: 5 bed | 172.545 Sq m | 1,812.73 sq ft PLOT 5: 5 bed | 172.545 Sq m | 1,857.31 sq ft PLOT 6: 5 bed | 172.545 Sq m | 1,857.31 sq ft TOTAL : 1,090.913 Sq m Sq m | 11,742.84 sq ft

GDV

We estimate the Gross Development Value to be in the region of £3,600,000 under current market conditions. This equates to £307 per sq ft. This number will fluctuate depending on the quality of the finish and the market conditions.

SERVICES

We are informed that services except main drainage are available but not connected. Drainage is proposed to a private waste treatment pant on site. We advise potential buyers to investigate the availability of services and refer to the Local Authority Searches and advice from Anglian Water Authority.

COMMUNITY INFRASTRUCTURE LEVY (CIL)

The Community Infrastructure Levy of £86,905.65 has been paid by the vendor and construction has started with footings installed for Plot 4

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Solicitors

DFA Law, Ref: Mark Brown, Tel: 01604 609560

Additional Fees

Buyer's Premium - The purchaser will be required to pay an administration charge of £6,000 (£5,000 plus VAT)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.