Sold Price: £25,000, Land At Former Balderton Hospital, Newark, Nottinghamshire, 433+51901

Property Details

Location

The land lies to the north of Dale Crescent, Newark and south of the A1, approximately 1 mile south of the village of Balderton and 3 miles south of Newark on Trent which itself is located approximately 24 miles north east of Nottingham.

Description

Parcel of landlocked agricultural scrub land approximately 1.18 Acres (0.48 Ha).

Approx Site Area

Approximately 1.18 Acres (0.48 Ha).

Planning

We understand the surrounding land forms part of a proposed development by Barratt Homes for up to 1,050 dwellings and associated facilities (education and recreation), infrastructure and utilities. Interested parties should satisfy themselves in this regard and the site included in this sale is excluded from the proposed scheme in its entirety.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. The Property is sold subject to an overage reserving 33% of the uplift in value over a period of 50 years from completion. The overage applies in the event the land secures planning consent for any development or alternative uses with the exception of non-commercial equestrian, non-commercial horticultural and agricultural use.

Addendum

The Property is sold subject to an overage reserving 33% of the uplift in value over a period of 50 years from completion. The overage applies in the event the land secures planning consent for any development or alternative uses with the exception of non-commercial equestrian, non-commercial horticultural and agricultural use.