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Land for sale
Snarestone Road, Appleby Magna
£500,000
Snarestone Road, Appleby Magna
£500,000
Our Summary
- Overage Clause - The property is to be sold subject to an overage clause reserving a 30% claw-back over a 30 year period (from the date of completion) for any enhanced value (over and above existing use value) attributed to any residential or commercial planning permission
- The overage clause will not be triggered by any agricultural or equestrian planning permission
Description
This 30.71-acre arable land property is located in Appleby Magna, near the M42 motorway network, with good transport links. The land is a single block with direct access off Snarestone Road, bordered by mature fence and hedged boundaries. The land has been farmed with a crop rotation of wheat, beans, and wheat over the past five years, and is classified as Grade 2 on the Agricultural Land Classification Map. The property is being sold freehold with vacant possession on completion, subject to an overage clause that reserves a 30% claw-back for any enhanced value attributed to residential or commercial planning permission. The land is not connected to any services, and buyers are advised to make their own inquiries about connectivity. The property is available for viewing by prior appointment and is being sold by private treaty.