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Land at Newton Rd & Newtonhill, Wick... Land for sale
Land At Newton Road And Newtonhill, Wick, Caithn KW1
£70,000
Land At Newton Road And Newtonhill, Wick, Caithn KW1
£70,000
Our Summary
- Clawback Provision: Lots 1 & 2 will be subject to an obligation from the Purchaser in favour of the Vendors (and their successors in title) to pay 30% of the uplift in value occurring as a result of planning permission being granted for development of the site in the period of 20 years from date of completion of sale
- The Vendors have not enquired the Local Authority, and it is the sole responsibility of any Purchaser to make their own enquiries in relation to Planning Permission for any development
Description
This property description is for two separate plots of land in Caithness, Scotland. The first plot, Agricultural Land at Newton Road, is a 19.32-acre block of commercial farmland suitable for arable production or other uses. The land is classified as Grade 3(2) and has been in a grass rotation historically. The second plot, Amenity Land at Newtonhill, is an 8.40-acre area of pasture land suitable for a range of uses. Both plots are eligible for Basic Payment Scheme (BPS) entitlements and are available by separate negotiation. Additionally, there is a clawback provision in place, which requires the buyer to pay 30% of any uplift in value resulting from planning permission for development of the site within 20 years of completion of sale. The properties are being sold by the vendors, who have not sought planning permission for development.