>
Land for sale
Ware, Lyme Regis
£375,000
Ware, Lyme Regis
£375,000
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
- Overage Provision - 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
The property is a 21.59-acre block of level strategic land on the edge of Lyme Regis, with potential for future development (STPP). The land is situated on the borders of Dorset and Devon, with access from Gore Lane and divided into two enclosures with internal paddocks. While the land is not allocated for development within the existing adopted East Devon District Council (EDCC) Local Plan, the council cannot demonstrate a 5-year housing supply in East Devon, and an adjacent field has recently had a planning application refused for 120 houses and a new park and ride site. The vendors invite tenders for the land with or without an overage/uplift clause, and the property is sold freehold with vacant possession upon completion. The land is not entered into any agricultural schemes, and all sporting rights are included in the sale.