Lower Rea, Elmore, Gloucester Land for sale

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Lower Rea, Elmore, Gloucester Land for sale

Lower Rea, Elmore, Gloucester
£175,000

Our Summary

  • Our interpretation of this overage is that a 50% of the uplift in market value on achieving planning permission

Description

This 14.69-acre property is located in a quiet area, just 5 miles from Gloucester City Centre, and is surrounded by a mature broadleaf hedge. The land is currently used for agricultural purposes, including hay production, and has previously been used for arable crops. The property has three access points and benefits from a flat terrain with minimal undulation. The land is classified as grade 3 agricultural land with lime-rich loamy and clayey soils with impeded drainage. The property does not have an electric supply or mains water supply, but there are electricity poles present and a mains pipe nearby. The property is being sold as a freehold with vacant possession upon completion and includes the benefit of all rights of way, light, support, drainage, water supplies, and other rights and obligations. The property is not in a flood zone and is subject to an overage agreement, which requires 50% of the uplift in market value on achieving planning permission. Viewings are strictly by prior appointment.