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Land for sale
Stoneyford, Cullompton
£80,000
Stoneyford, Cullompton
£80,000
Our Summary
- Overage - The land will be sold subject to a development uplift (overage) provision on the following terms: Upon planning consent being granted for any residential or commercial use within a 30 year period from the completion date, the sellers will receive 25% of the increase in value (assessed by an independent valuer)
Description
This 0.81-acre freehold grass paddock is situated on the eastern edge of Cullompton, near Junction 28 of the M5 motorway, and is connected to mains water. The paddock is level and adjoins the settlement boundary of Cullompton, with gates on both the eastern and western boundaries. The property is being sold by private treaty and comes with a development uplift provision, where the sellers will receive 25% of the increase in value if planning consent is granted for residential or commercial use within a 30-year period. The land is within Flood Risk Zone 2 and a Nitrate Vulnerable Zone, and is subject to wayleave agreements and public or private rights of way. Viewings are strictly by prior appointment, and the property is available for sale with a plan not to scale included.