Guide price £1,500,000
Gainsborough, with a population of circa 21,000, is a market town in Lincolnshire located approximately 14 miles south west of Scunthorpe, 15 miles north west of Lincoln and 17 miles south east of Doncaster. The town is situated on the east bank of the River Trent at the meeting point of the east-west A631 (providing access to the A1(M) to the west), the A159 (providing access to the M180 to the north) and the A159. The town is served by two railway stations, Gainsborough Central and Lea Road, proving routes to Sheffield, Doncaster, Lincoln and Grimsby.
Gainsborough has a traditional town centre around Market Place with a mix of national and local retailers including WHSmith and Boots. Just to the east of the town centre is the Marshalls Yard retail development with an extensive modern range of shops including Browns department store, Next, Laura Ashley and M&S Simply Food.
The subject site is situated in a principally residential area to the east of Gainsborough town centre with housing to the north, east and south and the landscaped grounds of Gainsboroughs Victorian cemetery to the west.
A site of 3.7 acres (1.48 hectares) upon which there are presently industrial units extending to approximately 68,000 sq ft (6,300 sq m). The site forms part of the historic manufacturing base of AMP Rose, best known for producing packaging equipment for the confectionary industry.
The vendor will consider selling the site in lots as per the indicative plan on the front page of these particulars:
Lot 1 - 1.12 acres (0.46 hectare).
Lot 2 - 0.88 acre (0.36 hectare).
Lot 3 - 1.35 acres (0.57 hectare).
Additional land extending to approximately 1.8 acres (0.75 hectares) could be made available by separate negotiation.
The property is in the West Lindsey District which is part of the Central Lincolnshire Joint Planning Unit with the City of Lincoln and North Kesteven. The JPU is currently working on a local development framework which should come forward by the end of 2016.
This property lies within the urban area of Gainsborough and was previously granted planning permission for the development of 81 houses in 2007.
As the property is within the existing urban area, the manufacturing base of AMP Rose will be relocated within Gainsborough to retain local employment and this is a brown field site, the property represents an opportunity to enhance the established residential district. Though any development opportunity will be subject to planning permission and agreement of any planning obligations, the factors of this site suggest that any planning permission would be the subject of substantially reduced Section 106 and Affordable Housing obligations.
Interested parties should make their own enquiries of West Lindsey District Council to confirm the parameters within which development will be permitted. The planning authority can be contacted on 01427 676676.
Freehold with vacant possession upon completion.
All terms are quoted net of VAT where applicable.
For further information or to arrange a viewing please contact sole agents JHWalter LLP:
Andrew France BSc (Hons) MRICS
01522 504319 07795 657792
John Elliott BSc (Hons) MRICS ACIArb MNAVA
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