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Price History
Our Summary
- OverageThe land is to be sold subject to an overage clause which states that for 30 years, should a change of use be implemented resulting in an uplift in value, the vendor would be eligible for 30% of that uplift
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Description
A rare opportunity to purchase a 47.73-acre block of commercial grassland in the Clynnog Fawr area, suitable for grazing and cropping, is available for sale by informal tender as a whole. The land, situated between Caernarfon and the Llyn Peninsula, is a ring-fenced block of excellent quality agricultural land, arranged into 8 good-sized fields, with a natural water supply. The holding is registered with Rural Payments Wales and is subject to an overage clause, with the vendor eligible for 30% of any uplift in value resulting from a change of use.
The land is being sold freehold with vacant possession, and is not registered for VAT. Viewings are strictly by appointment through Carter Jonas.