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Land
Uplyme, Lyme Regis DT7
POA
Uplyme, Lyme Regis DT7
POA
Our Summary
- A block of level strategic land on the edge of Lyme Regis considered to have potential for future development (STPP), extending to 21
- For sale by Formal Tender as a whole, tenders are invited with or without uplift/overage
- An adjacent field has recently had a planning application refused for 120 houses and a new park and ride site for Lyme Regis
- The vendors invite tenders for the land with or without overage/uplift clause being included in the sale contract
- If offering with an overage clause, the clause will state ‘if planning permission was to be granted for residential development of the land within the next 25 years, the vendors will be entitled to 25% of the uplift value’
Description
A 21.59-acre block of level strategic land on the edge of Lyme Regis, with potential for future development, is up for sale through formal tender. The land, which extends from Gore Lane, is divided into two enclosures with mature hedges and a small dew pond. While the land is not allocated for development in the existing East Devon District Council Local Plan, the council has advised that it cannot demonstrate a 5-year housing supply in the area, and an adjacent field has recently had a planning application refused. The vendors invite tenders with or without an overage/uplift clause, which would entitle them to 25% of the uplift value if planning permission is granted for residential development within 25 years. The land is freehold with vacant possession upon completion and includes all rights.