Acting on behalf of private clients based in Cornwall and Africa, 6.8 acres of amenity land at Dunstable Road sold significantly in excess of the guide price to strategic property developers. Comprising pasture, rough grazing and coppice, the site has road frontage and is in an edge of settlement location near the town’s cricket club.

A second site, representing approx. 19 acres to the south east of neighbouring Church Road, has been allocated out of the green belt for housing development. The land was placed under an option agreement a number of years ago, which we also negotiated. The housing developer is looking to start construction following a detailed planning application in 2022.

Andrew said: “Appetite for land of all types is extremely high at the moment, as illustrated by these two deals. Strategic land is much sought-after due to increasing pressures for housing stock and industrial uses. Landowners considering selling or who may not have realised the true potential of their assets are encouraged to get in touch.”

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On behalf of John Brindley Transport, we submitted an application to construct an additional 20,000 sq ft industrial/storage/distribution space at the firm’s existing commercial complex in the Leicestershire village.

“The pandemic has resulted in a significant demand for medium and long term storage facilities or distribution centres where goods can be stockpiled,” explains our director, Andrew McFarlane Holt. “Both our client and The Farm’s other commercial tenants have quickly realised a need for additional space, so the decision was taken to repurpose existing hardstanding storage areas and construct four brand new units, enabling existing and new businesses to operate from the site.”

To minimise any aesthetic impact, the four new units have been designed as identical to existing buildings on the development. Each is 5,000 sq ft with a linked, portal frame structure. Construction is expected to begin early next year.

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Trevor said: “With very little land on the market right now, these parcels attracted significant interest from neighbours and investors from further afield. As such, we were able to conclude a swift sale well in excess of the guide price.

“Land continues to be seen as a safe investment, and as Capital Gains Tax was not altered in the recent budget, if you’re thinking of selling or disposing of your land, then now is an ideal time to act as demand remains high.”

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Currently comprising a 10,054 sq ft industrial premises with separate storage/workshop building, the site is equally appealing as a potential residential development opportunity. Our director, Jason Hercock explains: “Victoria Street occupies a central location within the town; nearby the railway station, pubs and restaurants, supermarket, local businesses and medical centre. Part of the site also overlooks the Barkby Brook and subject to planning permission, the existing buildings could easily be regenerated into an attractive waterside apartment complex, small housing development or retirement living facility.”

Available for sale now as an industrial building, Victoria Street offers self-contained premises with ample parking. The main accommodation includes a mix of two storey office space and single storey production space and would suit businesses in manufacturing, logistics or online retail.

Jason continued: “The site is within easy access of the Western Bypass (A46), A6, A607 and M1, meaning tenants or residents would be well-connected to neighbouring towns such as Loughborough and Melton Mowbray as well as the East Midlands largest cities of Leicester, Nottingham and Derby. We encourage property developers or those considering new premises to arrange viewings quickly on this prime site.”

Victoria Street is currently available for sale with a price guide of £850,000.

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Davidsons Developments now has permission to build up to 135 new homes on land off Lutterworth Road, towards the village’s south-eastern edge. This is to include a complete mix of house types and at least 20% affordable homes.

Our director, Trevor Wells acted on behalf of the landowner. He said: “This is a prime example of an edge of settlement, well-connected, developable land parcel that is currently in high demand. This particular site also falls within the Burbage Neighbourhood Plan and will therefore help address Hinckley & Bosworth Council’s housing supply shortfall. We’re extremely pleased with the positive outcome from this appeal and encourage landowners with similar parcels, who may have yet to realise the true value of their assets, to get in touch.”

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CellTech Communications Ltd, which assists the UK’s four major telephone operators upgrading, installing and decommissioning masts, has taken a 2,658 sq ft office and industrial unit at Lutterworth’s popular Cosford Business Park.

Director Jack Gadsdon said: “My co-directors and I set up the business in September 2020 so had been working remotely from Birmingham, Leeds and Leicester for the best part of a year. Our work is nationwide, so we knew we needed to find somewhere central, easily accessible and well-connected. Wells McFarlane’s knowledge of available properties across the Midlands was invaluable, and we managed to secure the unit in Lutterworth off-market.

“It now means we have a central location for our business to operate from; we’re using the mezzanine office area as an administrative hub and the warehouse for equipment, materials and storage. In just 12 months, CellTech has grown rapidly and we’re already employing eight members of staff. The new premises means we’re able to actively recruit, and have ten vacancies to fill before Christmas in office administration, project management and technical.”

Our Director, Andrew McFarlane Holt secured the deal. He added: “It’s excellent news that businesses like CellTech are thriving and able to create jobs for the local community. We wish them a successful future at Cosford Business Park.

“The industrial sector has been one of the big beneficiaries of the pandemic and we’ve seen a significant uptake in off-plan units of all sizes. With strong connections via the M1, M6 and M42, this area of the Midlands remains the centre for UK logistics and, unsurprisingly, a solid target for occupiers and investors. Demand is rapidly outstripping supply so we encourage landlords with similar properties to get in touch.”

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Already occupying Unit 2 at the popular Priory Business Park in Kibworth, Go Raw Dog Food has recently secured the 2,642 sq ft Unit 14 in a deal negotiated by our director, Jason Hercock.

Jason commented: “It’s great to see the success of another local business warranting additional premises, and it’s also a real indication of how well some industries have performed during the pandemic. Units like these at Priory Business Park are always in high demand as they’re well-connected, modern premises which benefit from a gated security system and ample parking for collections and deliveries. We wish Go Raw Dog Food every success as they continue growing their business.”

Easily accessible from the A6, A14 and M1, there is one unit left available at Priory Business Park. A self-contained, 5,684 sq ft storage/industrial unit, the property benefits from a substantial two storey office section alongside a production warehouse with 3 phase electricity, electrically operated roller shutter door and high bay lighting. Contact Jason Hercock on 01455 559030 for viewings or visit https://www.wellsmcfarlane.co.uk/property/30789841/ for further details.

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Situated between the villages of Lilbourne, Northamptonshire and Clifton-upon-Dunsmore, Warwickshire, the approximately 30-hectare site comprises a mix of arable and pasture land with good transport connections, including gated access to the A5.

Trevor said: “As thousands of people have attended the point-to-point races over the years, this land is very well-known so were pleased to be able to conclude a purchase on behalf of our clients. Parcels of land of this quality and potential are scarcely available in the Midlands, meaning the market is both active and competitive, so we encourage landowners or farmers who may be considering a sale to get in touch. With the threat of Capital Gains Tax rises on the horizon and demand remaining high for land, now is a good time to be actioning any plans to sell.”

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Following an application by land promoter, Gladman, permission for 270 new homes was received and alongside our joint agents, we’ll be bringing this 43 acre (approx.) site to market very soon.

Our director, Trevor Wells said: “The successful outcome of this planning application was really welcome news. The site occupies an excellent location on the eastern edge of East Goscote and is highly commutable from Leicester, Loughborough or Nottingham, making it ideal for new homes. With few land parcels like this currently available, it’s not surprising we have already received several expressions of interest.”

The site includes 30% affordable housing together with significant areas of open space and green infrastructure, comprising a play area. It will provide financial contributions towards local infrastructure including education, health provision, sporting facilities and enhancement of allotment facilities in East Goscote.

An illustrative masterplan is shown here, all interested parties should contact Trevor Wells on 01455 559030.

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In a deal completed by our Director, Trevor Wells, the site on the corner of Central Avenue and Swiftway was sold with outline planning consent for a residential development of ten new apartments, car parking and communal green space.

“Formerly home to the Swiftway Community Centre, which had remained derelict for several years, this site offered a rare opportunity to purchase immediately developable land in the centre of Lutterworth,” explains Trevor. “The outline planning consent allows for the construction of ten new properties, five one bedroom and five two bedroom apartments, representing circa 7,000 sq ft accommodation. We were pleased to secure this deal and look forward to seeing the regeneration of this prominent corner.

“With the housing market exceptionally buoyant at the moment and the government striving to meet high targets for new homes, sites like these are in great demand so I encourage landowners with similar parcels to get in touch.” Concluded Trevor.

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