Stoneyford, Cullompton Land for sale

>

Stoneyford, Cullompton Land for sale

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 (0.33-hectare) level grass paddock is situated near the M5 motorway at Junction 28, with Cullompton town center approximately 0.7 miles away. The property is connected to mains water and is available freehold with vacant possession. The land is bordered by access lanes on both the eastern and western sides, leading to the A373. The property is being sold by private treaty, with an overage provision that will grant the sellers 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/private rights of way. Viewings are strictly by prior appointment.