Our Summary

• A unique opportunity to purchase an exclusive development site with planning permission for five large modern dwellings with far reaching views over Worcestershire countryside
• • The generous plot and two further agricultural buildings provide for further potential to the approved scheme (subject to planning)
• • Set within an attractive countryside location, the development offers scope for a premium residential project with excellent resale potential or long-term investment appeal
• The planning permission provided for the demolition of the agricultural buildings
• Legal opinion has been sought which states that these buildings do not need to be demolished as part of the application and as such could deliver further development potential by utilising a similar strategy that achieved the existing permission
• Development OverageThe area shown cross hatched blue on the contract plan will be sold subject to an uplift provision which will specify that 35% 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 implementation or sale with the benefit of planning consent
• The overage will apply to each and every planning permission implemented within the term set out above
• Reasonable costs incurred in obtaining planning permissions can be deducted from the overage calculations
• Two further agricultural buildings offering additional potential (STP)