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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 comprises approximately 22.93 acres of arable and grass land with direct road access to the A361 (North Devon Link Road). The land, situated near the Two Gates Cross junction, has a mostly south-west facing aspect and fine views to the south. It has been used for mowing and grazing, as well as growing cereal crops in the past.
The land lies at about 240 metres above sea level, has mains water connected, and is classified as mostly grade 3 with slow permeability soils. Additionally, approximately 31.40 acres of adjoining land, with a south and west facing aspect, is available for purchase.