Stoneyford, Cullompton Land for sale

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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

A 0.81-acre grass paddock is available for sale in Stoneyford, on the eastern edge of Cullompton, near Junction 28 of the M5 motorway. The land is situated within a residential area and has a level terrain, with gates providing access to the eastern and western boundaries. Mains water is connected to the land, and there is an electricity supply pole on site. The property is being sold freehold, with vacant possession available from the completion date. The land is subject to a development uplift provision, which means that 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 property is within Flood Risk Zone 2 and a Nitrate Vulnerable Zone, and is sold subject to any wayleave agreements and public or private rights of way. Viewings are strictly by prior appointment.