Swift deal agreed for former Co-op farm building
Innes England has sold a vacant 1,579 sq ft farm building in Lincolnshire following a successful change of use application.
Louth Park Farm, which has been purchased by a private investor for an undisclosed sum, will now be converted into a residence.
The farm was previously was owned by The Co-operative Group.
Matt Howson, associate director at Innes England, who brokered the deal, said: “The building had been used as farm office but became vacant in 2017 when the previous tenant moved out.
“The semi-rural location made a residential conversion an obvious choice, given the property’s proximity to the popular town of Louth and its amenities. We therefore recommended applying for change of use from offices to a four-bedroom residential house to maximise value on what was an empty and dilapidated property.
“Having successfully obtained change of use, we made a sale quite swiftly and the new owner has the flexibility to convert to a residential property if and when required.”