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Our Summary
- If the Buyer or subsequent owners obtains any planning permissions or permitted development rights for residential or commercial development during the next 30 years, 33% of the uplift in value will be payable to the Seller
- Overage will become due on the earlier of disposal with the benefit of qualifying planning permission or commencement of the qualifying permission
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Description
The property is a parcel of land extending to approximately 0.078 acres (316sqm), located off Compiegne Way in Bury St Edmunds, and runs approximately 0.6 miles southwest of the town centre. The land is situated near Compiegne Way to the north, allotments to the south, and residential dwellings to the west. The site is currently overgrown with vegetation and has an informal footpath along its front.
The property has access to the A14, A11, and Bury St Edmunds railway station, which connects to mainline services to London.