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Land for sale
Hoar Cross, Burton-on-Trent, Staffordshire
£1,215,000
Hoar Cross, Burton-on-Trent, Staffordshire
£1,215,000
Our Summary
- OverageThe land will be sold subject to a new uplift provision which will specify that 20% 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 Vendors or their successors in title should such development occur within 20 years from the date of completion
- The uplift will be payable upon implementation or on a future sale with the benefit of a planning consent but shall not be triggered by any development for agricultural and/or equestrian purposes
- The Vendor is willing to consider offers based on varied overage terms to the above, including offers free of the new uplift provision
- Nitrate Vulnerable Zone (NVZ)The Property lies within an NVZ Area and is subject to the usual restrictions
- Please note the property is a working farm and viewers must take precautions with livestock and potential farm machinery on the property
Description
The property is a 124-acre mixed arable and grassland holding located in East Staffordshire, with amenity woodland and excellent access to the A50. The land is ring-fenced and undulating in nature, with arable fields capable of supporting cereal crops and grassland suitable for livestock grazing. The woodland has been used for a small shoot and is also available for timber extraction. The property is available as a whole or in two lots, with Lot 1 comprising 91.21 acres and Lot 2 comprising 32.88 acres. The land is sold subject to a grazing licence, public footpaths, and overhead electricity lines, and is being offered freehold with vacant possession. The vendor reserves the right to conclude the sale by any means and is not obliged to accept the highest offer. The property is being sold with an overage provision, which will specify that 20% of any increase in value due to development will be payable to the vendor.