Land for sale

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Land for sale

Torrington
£60,000

Our Summary

  • Overage (Development Uplift) - The land will be sold subject to a development uplift (overage) provision on the following terms: Upon planning consent being approved 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

The property is an open-fronted agricultural building set within 0.70 acres of pasture and woodland, located one mile north-east of Great Torrington in North Devon. The building is enclosed on three sides with corrugated tin and measures approximately 9.30m x 5.69m, with a level area of pasture in front and a mixture of deciduous and coniferous trees on a gently sloping site. The property is offered for sale by private treaty and is subject to a development uplift provision, with the sellers receiving 25% of the increase in value upon planning consent being approved for any residential or commercial use within a 30-year period. The sporting and mineral rights are included with the freehold, and the property is sold subject to and with the benefit of any wayleave agreements and public or private rights of way.
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