Huge development attracts interest from developers

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A huge development site, comprising of more than 200 acres of land, is expected to attract bids from farmers and investors.

The land, located at Marehay, Denby Bottles, Denby Village and Denby Common, comprises 169.45 acres of grassland and 44.09 acres of woodland.

Chartered Surveyors Mather Jamie is offering the sitefor sale as a whole or as nine separate lots.

Mark Brandon of Mather Jamie said: “We are finding that there is a lot of competition for sites of this type and size, and as there is not enough supply to meet demand, this presents a rare opportunity to purchase such a substantial site. In recent years the land has largely been used for grazing livestock, while the area of woodland offers future potential for harvesting timber or sports.

“While mainly agricultural land, there may also be some long-term potential for future development.This land is already attracting interest due to its size, location and potential, and our advice would be to invest now rather than later.”

Latest figures from the Royal Institution of Chartered Surveyorsshowed that farmland prices increased by almost 15 per cent in the last year, while land sales leapt by 50 per cent between July and December 2013.

Mr Brandon continued: “An increase in investor interest and growing demand from farmers wanting to expand their operations, as well as acquire land for diversification, is driving a continued rise in land values in Derbyshire.”

For more information phone 01509 233433.