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

This 0.81-acre grass paddock is situated in Stoneyford, eastern edge of Cullompton, near Junction 28 of the M5 motorway. The land is a level paddock with gates on both eastern and western boundaries, and is connected to mains water. The property is offered for sale by private treaty as a freehold, with vacant possession available from completion. The land is subject to 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 30 years. 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.