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Gores Ln - Land at 1.1 Acres of Commercial Land Offered at $1,701,500 in Market Harborough LE16 8AJ

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Investment Highlights

  • 1.1 Acres of Development Site
  • Site to be sold clear of buildings
  • Retail planning permission granted

Executive Summary

Further to your enquiry regarding the land adjacent the new Aldi store in Market Harborough.

This is a rare freehold development opportunity in a much sought after town, adjacent a new Aldi store which opened last Autumn. The site is suitable for various uses, subject to planning, given its high-profile location.

There has been a delay in asking for bids due to delays in starting the bell-mouth works from Gores Lane, to be carried out by the vendor, which are now planned to be completed by March 2026.

Please note that the site size has slightly reduced recently as the footpath, which borders the site and the Aldi store, providing access from Gores Lane to the Aldi and Rockingham Road, has been excluded from the sale.

A wooden fence has been erected along the boundary with the Aldi store, but this could be removed – in part or whole, by agreement. The cleared site can be viewed from the kerbside.

We are inviting best bids to be submitted to Rae & Co Ltd by noon on Wednesday 11th February, and look forward to hearing from you, by email to

richard@raeandco.co.uk

and copying in

realestatedisposals@aldi.co.uk

The vendor is not bound by the informal tender, nor will they necessarily accept the highest bid.

We would be grateful if you could provide information as follows:
1. Name of the proposed purchaser, including company registration number if applicable.
1. Contact details.
1. Proposed offer price for the freehold land.
1. Proposed use.
1. Conditions of the offer, other than subject to contract.
1. Previous development history of purchaser.
1. Solicitor’s details.
1. Agent’s details, if applicable.
1. Confirmation of funding.
Planning consent was granted on 10th October 2023 under Application Number 22/01104/OUT which was a hybrid application proposing full planning permission for the demolition of existing buildings and the erection of a new retail food store.

Attachments

Brochure

Property Facts

Price $1,701,500
Sale Type Investment
Tenure Freehold
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 1.10 AC

1 Lot Available

Lot

Price $1,701,500
Price Per AC $1,546,818.18
Lot Size 1.10 AC

The site sits directly off Gores Lane and was formerly used as a timber storage area and has a number of single storey buildings upon it that will be cleared by the seller. The site sits adjacent a proposed new Aldi store which opened in Autumn 2025.

Description

The site sits approximately 0.5 miles to the east of Market Harborough town centre in a mixed commercial and residential area, near to the A4304 Rockingham Road.

  • Listing ID: 32780765

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: Gores Ln, Market Harborough LE16 8AJ

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