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North Hykeham, Lincoln, Lincolnshire Land for sale
North Hykeham, Lincoln, Lincolnshire
£850,000
North Hykeham, Lincoln, Lincolnshire
£850,000
Our Summary
- The property offers the opportunity for a return on investment through the agreements currently in place and has potential for further income and commercialisation of the leisure interests STP
- Overage The property is subject to an overage clause, whereby 50% of any increase in value of the property from the grant and implementation of planning permission for Residential or Commercial development over and above the existing use of the property
Description
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Here is a summary of the property description in a single paragraph:
A rare opportunity to acquire Apex Lake, a 167.52-acre site located on the southern outskirts of Lincoln, within the town of North Hykeham. The property comprises an attractive sailing and fishing lake, mixed deciduous woodland, and grassland, formerly used for mineral extraction and restored to its current mixed leisure and amenity use. The site offers a return on investment through existing agreements and potential for further income and commercialization of the leisure interests. The property is held freehold and is subject to various agreements, including leases with the Hykeham Sailing Club, Hykeham Fishing Licence, Scout Association, and annual garden agreements. The property is also subject to an overage clause and disposal restriction, and is sold with restrictive covenants regarding carbon/biodiversity offsetting, drinking water, and minerals, sporting, and timber rights.