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Our Summary
- 68 acres of permanent pastureland, split into six enclosures, with potential for developmentDescription - The property extends to approximately 51
- The buildings may have potential for conversion to residential or commercial uses, subject to gaining the necessary planning consents
- Overage Clause - The property will be sold with an overage clause which will reserve 30% of any uplift in value attributed to any change of use or planning permission on the land for a period of 30 years
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Description
This 51.68-acre property features six enclosures of permanent pastureland, with a Dutch barn and a dilapidated brick and tile building that could potentially be converted for residential or commercial use, subject to planning permissions. The land is generally flat and level, with a gentle slope towards a watercourse, and is classified as Grade 3 agricultural land. The property is located near the village of Elmesthorpe, with access to mains water and electricity, and is situated near a proposed development site for up to 2,000 houses.
The property will be sold by private treaty, with an overage clause reserving 30% of any uplift in value attributed to changes in use or planning permission. The land is freehold with vacant possession upon completion.