Land for Sale in Leicestershire

Town Centre Redevelopment Opportunity in Loughborough, Leicestershire

42 Ashby Square, Loughborough, Leicestershire, LE11 5AA

Strong redevelopment opportunity of 6 terraced cottages,
2 disused commercial buildings and a 4 bedroom detached house,
in Loughborough town centre

Land for Sale in Loughborough

814 square metres of land with 6 terraced cottages, 2 disused commercial units and a 4 bedroom detached house in good decorative order, with rear parking in Loughborough; Leicestershire’s largest town. Situated in the heart of Loughborough town centre, the site provides an ideal opportunity for redevelopment, being in close proximity to several other new high density residential and mixed use developments.

A great deal of pedestrian and vehicular traffic pass through this area and the site lies on a main pedestrian route to Loughborough University (less than a mile away); therefore offering the potential for a high-density development of student accommodation to cater for the expanding student body of 5,000+.

The University town of Loughborough has recorded the second highest university town property price growth since 2001 in the UK. ‘University towns have seen strong house price performance over the past 5 years with the best performers generating house price growth well above the UK average.’ Reported the Halifax Estate Agent.

Size: 0.20 acres / 814 sq. m / 8,764 sq. ft.

Guide Price: SOLD

Nearby Planning

There are several sites within half a mile of our site that give it huge redevelopment potential.

The Schofield Centre forms part of the site's northern boundary. It has been granted planning permission for 88 student rooms, by adding 3 floors to the building. This gives the site huge redevelopment potential.

Location

Loughborough is a vibrant town, the largest in Leicestershire, and the nearby University campus draws a great deal of pedestrian and car traffic through the area.

Many of the people living in this area are students living in flats. This is a fast changing environment with a high turnover of occupancy. Across the road from site there is a parade of shops leading to the Carillow Court Shopping Centre, which forms the southern side of the town centre.

A cinema, gym, several restaurants and numerous shops, takeaways, pubs and clubs can be found within half a mile of the site and may be easily reached on foot.

Loughborough station is less than a mile from the site with direct services to London St. Pancras International, new home of the Eurostar.

Travel

0.7 miles to Loughborough Train Station *
0.9 miles to Loughborough University
2.8 miles to Junction 3 of the M1
10 miles to Leicester

* Journey Times: 12 mins to Leicester; 1 hr 42 mins to London St. Pancras

Visiting the site

From the M1

Leave the M1 at junction 23, then at roundabout take the exit onto the A512 (signposted Loughborough)
At roundabout take the 1st exit onto the A512 (New Ashby Road)
At Ashby Road Roundabout take the 2nd exit onto the A512 (Ashby Road) (signposted Town Centre)
Turn left (one-way) onto Broad Street (signposted Derby A6)
At traffic signals turn right onto the A6 (The Rushes) (signposted Leicester)
Turn right onto the A512 (Derby Square) (signposted Ashby)
Site is visible on your right (large white 'Fitness Factory' Gymnasium)

POSTCODE OF NEAREST PROPERTY: LE11 5AA
© COLLINS BARTHOLOMEW 2006

Access

The site has road frontage onto Ashby Square and Orchard Street. Secure, off-road parking is available for 5 vehicles.

Planning

Any development would be subject to the relevant planning consent.

Method of Sale

Available freehold by private treaty.

Local Authority

Charnwood Borough Council
Southfield Road
Loughborough
LE11 2TX

84% of new homes within this borough are built on previously developed land. This is 14% higher that the average in England.

Viewing

To arrange a site visit, please call 01727 817479 or email enquiries@vantageland.co.uk.

Download PDF Sales Particulars

Download PDF Site Plan

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THE PROPERTY MISDESCRIPTIONS ACT 1991

Vantage Land Limited has produced these particulars in good faith but cannot guarantee total accuracy. Sizes are approximate. Purchasers should verify any detail of importance prior to viewing and purchase. The particulars are not an offer or contract. Comments made in general advertising may not apply to this particular property and of course planning permission cannot be guaranteed.

Buying Land? Please call us today on 01727 817480

Do you have land to sell? Call 01727 817476

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