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Ripple, Tewkesbury, Worcestershire Land for sale
Ripple, Tewkesbury, Worcestershire
£700,000
Ripple, Tewkesbury, Worcestershire
£700,000
Our Summary
- Development overageThe property will be sold subject to an uplift provision which will specify that 50% of any increase in value due to development (as defined in Section 55 of the Town and Country Planning Act 1990) will be payable to the Vendor should such development occur within 25 years from the date of completion
- The uplift will be payable upon the grant of a planning consent
- Reasonable costs incurred in obtaining planning permissions can be deducted from the overage calculations
Description
This 145.29-acre property, known as Ryall Lakes, is a unique and scenic holding located on the banks of the River Severn in south Worcestershire. The property consists of three lakes, covering approximately 75 acres, as well as well-kept pastureland, wooded areas, and tracks. The River Severn defines the western boundary, providing approximately 1.17km of frontage. The property is flat and split into two large lakes, either side of the M50 motorway, with a high flyover and track underneath. There is also a third smaller lake to the north. The property is accessible via a farm track off Bow Lane and is well-positioned for transport links to Tewkesbury, Cheltenham, Worcester, and the wider region. The property is being sold freehold, subject to any short-term licences in place, and is available as a whole.