1 Manor House, Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ

A potential residential development opportunity comprising of a former Manor House (now 2x Four Bedrooms Semi Detached Houses) along with farm yard, barns/outbuildings and paddock land.

The site extends approximately 7.03 Ha (17.38 acres).

The property comprises a recently refurbished Manor House, which has been converted into two semi-detached dwellings, a disused farmyard, garden and arable pasture land.

The farmyard consists of two disused outbuildings that were previously used for storage purposes. The additional land wraps around the farmyard to the north of the
village.

The site benefits from two existing access points that come directly from Mill Lane. The first of which serves the first property, farmyard and agricultural land whilst
the second grants entry to the adjoining property.

The house, gardens farmyard and outbuilding all sit within the Adopted Local Plan I. The included shows how the farmyard as well as the Manor House lies within Belton’s Limits to Development. Within this boundary, residential development will be supported in principle.

Development beyond this boundary into the adjoining paddock land may
also be achievable subject to planning.

A Transport Access Appraisal has been conducted which concluded that a safe and suitable access is demonstratable from Mill Lane from the south east corner of the site. A Leicestershire County Council compliant private drive layout is deliverable to serve a development of up to 25 dwellings.

The two houses will be sold subject to tenancies.

Number One Manor House- The vendor will sign a new tenancy on exchange at £500 pcm as they wish to stay for a few months before moving on.

Number Two Manor House is let on an existing tenancy at £1700 pcm.

Total Initial income of £2200 pcm / £26,400 per annum.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 2.4% inc. VAT of the purchase price.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.