Terraced house · LN4 3DH
For saleListed 814 days
Opportunity summary
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About
The property comprises a former quarry which has been used for industrial and workshop uses since it ceased to be used as an active quarry.
The site can be seen from the photos within the particulars however the red line is for identification purposes only and a detailed site plan is to be provided as there are 4 separate titles involved.
DESCRIPTION The property comprises a former quarry which has been used for industrial and workshop uses since it ceased to be used as an active quarry.
The site can be seen from the photos within the particulars however the red line is for identification purposes only and a detailed site plan is to be provided as there are 4 separate titles involved.
Location The property is situated on the outksirts of the village of Metheringham. The property has an access onto Metheringham Heath Lane. The site is within 1 mile of the village.
The site is within 2 miles of the A15 to the west. The site is 10 miles south east of Lincoln. ACCOMMODATION The site comprises and area of 4.459 acres (1.804 ha).
This measurement is approximate as the site needs a final measurement as there are 3 titles involved.
There are 2 buildings on site which compriseWorkshop 4096 sqft (380.5 sqm)Workshop 1469 sqft (136.5 sqm)Total space 5565 sqft (517 sqm) PLANNING The site was an active quarry however is now used for a mix of commercial/industrial and workshop uses.
SERVICES Mains Electricity and water are connected to the property however no services have been tested TENURE The property is offered for sale freehold with vacant possessionthete are 3 titles involved and a potential 4th Title Numbers LL293313LL147788LL293312potential 4th to be confirmed We can confirm that there is an existing restriction that the quarry cannot be used for extraction for another 14 years.
The site cannot be used for landfill or recycling.
RATEABLE VALUE The property has a rateable value of £17,750 as of the 1st April 2023 CEPC Not applicable LEGAL COSTS Each party are responsible for their own legal costs in this transaction VAT The sale price is exclusive of VAT if applicable LOCAL AUTHORITY North Kesteven District CouncilKesteven StreetSleafordLincolnshireNG34 7EFTel VIEWINGS Contact Pygott & Crone Commercial 36a Silver Street Lincoln LN2 1EW Tel
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
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Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
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Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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FAQ
About Quarry Heath Lane, Metheringham, Lincoln
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