Residential developer required for multimillion-pound canal site
Property developers are being invited to table offers for a multi-million-pound housing development site in Lincoln.
PPH Commercial is marketing 11.63 acres of prime canal side land on the Burton Waters development, which already has planning permission granted for 100 residential units.
Burton Waters is a mixed use residential and leisure development centred around a purpose-built inland marina for over 200 boats.
Originally started in 1999, it saw more than 140 acres of farmland transformed by building a modern lock system to link the marina to the nearby Fossdyke canal.
Now the development is home to a huge range of amenities – including:
Planning permission was previously granted for a hotel to be built on part of the site and subsequently planning permission has been granted for 100 residential units.
Chartered surveyor Tom Penrose, the PPH director who is handling the sale, believes the development site offers a rare opportunity to acquire residential development land in an outstanding location.
He said: “In my opinion, Burton Waters is probably one of the best locations for a new housing development in the whole of Lincolnshire.
“Since the man-made marina was completed, it has proven to be a very popular residential community with occupiers benefitting from its 24-hour security and exclusive environment.
“The beautiful vibrant marina, combined with a countryside setting and leisure facilities will definitely appeal to owners who want privacy and an exclusive semi-rural feel.”