Gaysfield Road, Fishtoft, Boston PE21 0SF

Residential Development for sale in Fishtoft

LOCATION
* Total Area Approximately 9.55 Acres (3.85 Hectares) * Market Housing Area 7.5 acres (3.03 Hectares) for 46 units * Affordable Housing Area 2.05 acres (0.82 Hectares) for 20 units * Very pleasant village location, only 1 mile from the outskirts of Boston and 2 miles from the Centre of Boston * Wide range of facilities and amenities available in the immediate Boston area * Section 106 Agreement in place *

The land is located on the east side of Gaysfield Road immediately on the south east sector of the village of Fishtoft, an attractive Fenland settlement lying within 2 miles of the centre of Boston with an extensive range of facilities and amenities available in the Boston District.

DESCRIPTION
The land extends in total to approximately 9.55 Acres (3.85 Hectares) or thereabouts, and is offered for sale as a whole. A plan showing the land (for identification purposes) is included in these Particulars. Access is to be provided from Gaysfield Road just to the south of the scout hut. The shape of the site has allowed for two imaginative design schemes, the larger for Open Market housing and the smaller for a very attractive crescent shaped development for the Affordable element. The land is currently in agricultural use/production.

The village of Fishtoft has a parish church, primary school, playing field and public house but a wider choice of amenities and facilities in the Boston District generally are within easy travelling distance.

SERVICES
Whilst we believe that mains services are available in the locality, it will be the responsibility of interested parties to carry out their own specific enquiries as to the availability, capacity, and the cost of practical connection for providing services to the site.

Interested parties must make their own specific enquiries with the relevant service providers to obtain the necessary information on which to understand the provision of and need for servicing of the site.

TERMS
UPLIFT / CLAWBACK PROVISION
The property will be sold subject to an uplift provision to secure a further payment to the vendor should the property be sold following the grant of planning permission for non-residential use or the development of the property for non-residential use, at a rate of 50% of any increase in value beyond the price paid for a period of 25 years.

In addition, the uplift/clawback provision will also apply to any net added value should the number of developable units or developed floor areas be increased in any subsequent planning consent also for a period of 25 years.

VAT
VAT will not be chargeable on the purchase price unless the Vendor elects to waive the exemption to VAT (opt to Tax), in which case interested parties will be advised in advance.

PLANNING
Planning Consent has been granted by Boston Borough Council in outline for the 46 Open Market residential units under Application Reference No: B-20-0488. The outline application states that it is for 46 residential dwellings and associated works with all matters reserved for later approval at land adjacent to and to the rear of Fishtoft Scouts, Gaysfield Road, Fishtoft, Boston, PE21 0SF. It is subject to a number of conditions.

The second consent for the affordable element has been granted for the proposed residential development of 20 Affordable dwellings and associated works at land adjacent to and to the rear of Fishtoft Boys Scouts, Gaysfield Lane, Fishtoft, Boston, PE21 0SF and has been granted as a full planning permission under Application Reference No: B-20-0489.

Both consents were granted on 12th November 2021 and are subject to a Section 106 Agreement. Copies of the consents and the very considerable amount of supporting and relevant information and documentation is available to download from the Boston Borough Council website. The Section 106 Agreement is available either for inspection at R Longstaff & Co office in Spalding or via the Boston Borough Council website. It is important that all interested parties ensure that they have studied the Section 106 agreement in detail as well as all relevant planning details and conditions prior to submitting an offer.

OTHER
BASIS OF OFFERING
The land is offered for sale on an unconditional basis with the benefit of freehold tenure and vacant possession, subject to the existing Planning Consents and Section 106 Agreement. Ideally, the vendor would prefer to sell the site as a whole and will give greater consideration to an overall offer but those who wish to submit offers for Lot 1 or Lot 2 separately are welcome to do so.

REGISTERED TITLE
The land forms part of the land holding of the vendor in this immediate area and is included in Registered Title No. LL144086.

THE SCOUT HUT (ADJOINING) AND ASSOCIATED MATTERS
The local Scout troop own and occupy the Scout hut immediately on the left hand side of the proposed new access (into the site). They have an informal arrangement with the vendor concerning the grassed area to the right hand side of the proposed access which lies within the area bordered by the Leylandii trees.

It has been agreed that certain elements will be provided by the Developer as part of the contract sale agreement to the benefit of the Scout troop. A list of these is available upon application from the Vendors’ agents. There is also a more detailed plan available showing the accommodation works requirement.

VIEWING
On-site viewing of the site is by appointment only. Interested parties must contact the Residential Development Land Department of Messrs R Longstaff & Co on Tel: 01775 765536 - Email: commercial@longstaff.com to make the necessary appointment.

All parties entering onto the property do so entirely at their own risk and neither the Vendor nor its Agents will accept any liability for damage to persons or property as a result of being on the site. Please take all appropriate precautions when visiting the property.

Important information

This is a Freehold property.

Property Ref: 58325_101505013490