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Land for sale
Land East of West Rd, Penallta Industrial Estate, Hengoed
£30,000
Land East of West Rd, Penallta Industrial Estate, Hengoed
£30,000
Our Summary
- This is a rare find, making it an extraordinary opportunity for developers on the lookout for their next project
- It serves as a blank canvas that can be transformed to meet the specific needs or desires of the new owner
- Along with the potential for property development, this land also offers a touch of nature
- This land in Penallta is ideal for developers who are searching for a project with a lot of potential
- It offers a unique blend of natural beauty and development opportunity
- * Please see the following covenant within the title deedWhen you dispose of the property (not therefore just on planning permission) you have to pay to the sellers an amount that is:(i) The sale price (ii) Less the price that you paid x 40%If you therefore sell the property for £100,000 because you have obtained planning permission and increased its value you would pay 40% on the increased value
Description
This remarkable opportunity presents a section of land in the popular region of Penallta, offering a rare chance for developers to transform a blank canvas into a thriving project. Situated adjacent to a recently developed housing estate, the land has immense potential for further property development. The property also boasts a serene natural setting, featuring a pond teeming with aquatic life, providing a peaceful backdrop for any development. With its unique blend of natural beauty and development opportunity, this land in Penallta is an extraordinary chance for developers to create something truly special. However, it's essential to note that there is a covenant within the title deed that requires the seller to receive a percentage of the sale price if the property is sold in the future, which could impact the potential returns on investment.