Description

Location
The site is located in Hinckley, a market town in South West Leicestershire. The site is situated off Leicester Road (B590), and primary access is off a private slip road which is set back from the Highfields Road junction. The site is located approximately 750m North East of Hinckley Town Centre, and 12 miles South West of Leicester City Centre.

Within a short walking distance of the site heading west off Victoria Street are a number of local amenities including: A Nisa Local, the Post Office, and a number of independent restaurants and retailers. Hinckley Town Centre has a prominent retail pitch with local occupiers including: Asda, Sainsburys, and B&Q; two shopping centers; and a borough market.

The local area benefits from 12 primary schools, 5 secondary schools and 2 academies.

The site benefits from a good transport network including access onto the M6 in approximately 10 minutes. Leicester is approximately 25 minutes drive time away.

Local transport connections include rail links from Hinckley Station into Leicester in approximately 20 minutes on the fast train.

Description
The site is irregular in shape and extends to approximately 1.5 acres/ 0.61 hectares in size.

The majority of the site is occupied by a grass covered, disused service reservoir, which is raised approximately 2 m above ground level. There are two access roads to the site.

The site is bordered on all sides by existing development, comprising residential terrace houses to the north east and south. Adjacent to the site is an operational site being retained by Severn Trent to include: an operational depot, Hinckley Water Tower and associated land all of which are outside the sales boundary.

Part of the western boundary to the site is marked by Victoria Street, also to the west is employment/industrial uses plus other residential uses i.e. semi-detached / detached properties.

The site is accessed directly off Leicester Road.

Tenure
The vendor is selling the site freehold (part) with vacant possession.

VAT
The vendor has not elected the property for VAT.

Legal Costs
Each party is to be responsible for their own legal costs
incurred in the transaction.

Planning
Outline planning permission for the redevelopment of the site was previously granted in March 2008 for residential use, providing 29 units (application ref:07/01450). Said permission has now lapsed, however the site is considered to continue being suitable for developing a residential scheme, subject to obtaining the necessary planning consents.

GL Hearn recommends that potential purchasers make their own enquiries to the local authority regarding planning matters. For further information on planning please visit: http://www.hinckleybosworth.gov.uk/info/200074/planning_and_building_control


Data Room
Please visit our dedicated sales website to access a copy of the bids pro forma and for further technical and legal information: http://www.stwproperty.co.uk/property/Hinckley Service Reservoir

Terms
Our client is seeking to dispose of the subject site as shown in red on the indicative site plan (located on the front page).

The Vendor is seeking offers on an unconditional and conditional basis.

Our preferred method of sale is via private treaty and parties are encouraged to submit offers by returning the attached offer proforma and returning to the contacts below:

For further information please contact
James Hall
+44 (0) 7710 382 928
James.Hall@glhearn.com

Victoria Eden
+44 (0)7523 502691
Victoria.Eden@glhearn.com

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Agents for this property

James Hall MRICS
Director
Mobile: 07710 382928

Victoria Eden MRICS
Senior Surveyor
Direct Dial: 07523502691

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