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Our Summary
- waddle Overage Due the opportunity and value attributed to the strategic planning opportunities, an Overage Deed has been prepared in advance and a purchaser will be required to agree to an overage of 25% for 25 years for all residential and commercial development including renewables but excluding agriculture and equestrian
- The trigger for an overage payment would be grant of planning permission
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Description
The property consists of a 33-acre land parcel divided into 2 lots. Lot 1 is approximately 15.2 acres of free-draining temporary pasture between the A34 and Larks Barrow road, with access from Larks Barrow road. Lot 2 is approximately 17.87 acres, consisting of two fields, one lying south of Lot 1 and the other off Harroway to the south.
A 132 kV power line crosses the land, and access is also provided from Harroway. The land is currently farmed in hand, with no recent cropping, and is offered for sale with vacant possession.