Fenside Road, Boston PE21
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Boston is a bustling market town with a range of local amenities located on the South Lincolnshire Fens. Peterborough is approximately 35 miles to the north-west and London 110 miles to the south.
The land is located on the edge of the town on the development boundary in the north-west adjoining a high density residential development completed around 2006.
To the north of the land is woodland and the site benefits from road frontage to Fenside Road (please see attached plan)
The field comprises a 1.82 hectare, 4.5 acre which is largely rectangular, clear, flat and level.
An intersection of the site has an average depth of 225m approximately around 75m average width, with a road frontage onto Fenside Road of around 12.5m or thereabouts.
The field is currently farmed by a tenant and is offered on the basis of Vacant Possession.
The field is offered For Sale with Vacant Possession.
Developers are sought who wish to purchase the land via an option agreement to develop the land for residential housing.
Owners of the land wish to achieve residential development value and are prepared to offer a discount of the sale price to 85% of Market Value if a planning application for residential development of the land is submitted to the Local Authority within 3 months of the option agreement being signed.
The owners wish to approve any scheme being permitted to ensure it is appropriate.
The option to buy the land will be for 4 years at a price of £25,000. This will be non-returnable but deductable from the purchase price.
The purchase of the land to be completed within 28 days of the planning consent being granted by the Local Authority. The minimum land price will be pre-agreed per gross acre. The final purchase price being the Market Value of the land based on net developable area if it is higher.
Purchasers will be responsible for a reasonable contribution towards the sellers legal fees with regards to the preparation of the option agreement.
By appointment through the agent.
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Poyntons Consultancy, and do not constitute property particulars. Please contact Poyntons Consultancy for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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