Plot for sale

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Plot for sale

Land at Redfield Road, Land at Redfield Road, Midsomer Norton, BA3
£50,000

Our Summary

  • Overage Clause - The Property will be sold subject to an uplift clause relating to residential development of 25% for a term of 30 years

Description

This property is a car park situated in a residential cul-de-sac off Sperring Court, with a frontage on Redfield Road in Midsomer Norton. The site, which spans approximately 0.10 acres, is currently arranged as a partly surfaced car park for up to 10 vehicles and has a grass verge. The property would be suitable for a neighbor or amenity purchaser looking to continue using it for parking, or for a developer or investor looking to buy it speculatively. The sale is being conducted by informal tender, with a deadline for best bids on April 30th, 2025, and offers are invited on an unconditional basis, although conditional offers may be considered. The property is being sold subject to an uplift clause relating to residential development of 25% for a term of 30 years, and prospective purchasers must satisfy themselves regarding the location and capacity of any utilities or services.