Land for sale in Cromwell, Newark NG23

£250,000 (£125,000/ac)
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Land for sale

2 ac*

Property description

A prominent development site with a highly visible frontage to the Southbound Carriageway of the A1 Trunk Road, which is in the Department of Transport 2019 schedule for upgrading to full Motorway status.

The site is positioned adjacent to the A1 and amounts to two acres or thereabouts of land, which is available for development. Direct access to and from the Southbound Carriageway of the A1 is provided to the site from its northern apex. A Stream and Culvert bisect the southern section of the site as identified on the Ordnance Survey Plan, where there is a separate planning consent for the construction of a new café on the site where a Truck Stop Café originally existed which was a regular stop-off point for drivers of heavy goods vehicles.

Detailed planning consent was granted in 1965 and as development partially commenced, Newark & Sherwood District Council accept that the permission granted in 1965 is still valid for a three storey block containing 40 letting bedrooms and staff accommodation and a linked two storey restaurant with ancillary external parking and manoeuvring area. A copy of the planning consent is available for inspection in the agents office for prospective purchasers.

Subject to formal consent, it is our opinion that the layout and design could be amended to a single storey structure in line with present design standard criteria.

Planning consent was likewise granted on the 18th June 2014 for the demolition of existing café and construction of a new café.

The demolition of the existing café has occurred.

The planning consent granted is on the basis of a footprint of a new café in the order of 98 sq m.

Offers are invited in the order of £250,000 for the benefit of the freehold interest.

It should be noted that as a condition of the sale there will be a restrictive covenant placed on the land reserving the right for the vendor to benefit from a proportion of the enhanced value of the site should planning consent be granted in the future for a Petrol Filling Station.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mathias Perry, NG25 on +44 1636 358840 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mathias Perry, and do not constitute property particulars. Please contact Mathias Perry for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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