About this property
Key Features
Allocated in Emerging Local Plan partly for employment and partly for residential uses
Detailed planning permission for two storey office building of around 788 sqm (8483 sqft)
Suitable for residential and commercial uses (STP)
Total 0.59Ha (1.46 acres) of development land
Description
A chance to acquire a strategic site that benefits from draft employment and residential allocations in the emerging Local Plan.
The site comprises a relatively level rectangular shaped parcel of previously undeveloped land, which is currently lying fallow.
The total site area is approximately 0.59 ha (1.46 acres). It comprises 0.378 ha (0.95 acres) of land which has planning permission for an office development, together with a further parcel of 0.207 ha (0.51 acres) to the rear.
Tenure
Freehold with vacant possession
Location
March is a growing market town located 15 miles east of Peterborough and 28 miles north of Cambridge. It is the administrative centre of the Fenland District and benefits from good road links via the A141 and A47 and a railway station providing regular cross-county services linking to the East Coast main line at Peterborough and Ely/Cambridge.
The site itself is situated in a highly accessible and prominent position on the south-side of March, on Wimblington Road, close to the A141 March Bypass.
Auctioneers Note
Interested parties should be aware that the property title is subject to various overage provisions, rights reserved, and restrictive and positive covenants. Full details relating to title are available in the on line auction pack for this property.
The purchaser will be required to pay an additional sum of £35,550 to cover the pre-payment of a highways completion bond to Cambridgeshire County Council, made by the vendor. See Legal Pack for details.
Wayleaves, Easements, Covenants and Rights of Way
Interested parties should be aware that the property title is subject to various overage provisions, rights reserved, and restrictive and positive covenants. See Legal Pack for details.
Lot Type
Land
Planning
The site has draft allocations in the Emerging Fenland Local Plan (August 2022) in part for employment uses (Site Allocation LP40.04 – 0.4Ha to the west of the property) and in part for residential development (forming part of Site Allocation LP39.07 – 1.72 Ha at the eastern end of the property).
Detailed planning permission (Ref F/YR21/1442/F) was granted in November 2021 to “Erect a building for office use (2-storey) with associated parking, cycle
shelter, landscaping, storage container and highway footway”.
The proposed building comprises a total gross internal area of 788.1sqm (8,483 sqft) and 51 car spaces.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Sarah Fish at Ashton Legal, Trafalgar House, 4 Meridian Business Park, Norwich, Norfolk, NR7 0TA
Viewing
Cheffins Commercial Department 01223 213666
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�