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Studio, in Rackenford, £310,000
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Land

Rackenford, Tiverton
Land Planning
£310,000

Our Summary

  • Overage / Development Uplift - The land will be sold subject to a development uplift (overage) deed on the following terms: Upon planning consent being granted for any residential or non-agricultural commercial or industrial use within a 30 year period from the completion date, the sellers will receive 25% of the increase in value (assessed by an independent valuer)

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Description

The property is a 31.40 acre plot of land with accessible arable and grass land, situated near the Two Gates Cross junction on the A361 road. The land has a south and west facing aspect, and comprises five enclosures of grass land, a small area of tree cover, and a small watercourse flowing through it. It has direct access to the public highway with the A361, and natural water is available from the small watercourse.

The land is classified as mostly grade 3 and has slowly permeable, seasonally wet acid loamy and clayey soils.