Land At Lumbo, Lumbo, St. Andrews... Land for sale

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Land At Lumbo, Lumbo, St. Andrews... Land for sale

Land At Lumbo, Lumbo, St. Andrews, Fife, KY16
£697,000

Our Summary

  • CLAWBACK CLAUSEOffers at existing use value will be conditional on the purchaser agreeing to a clawback arrangement of 33% where planning permission for residential or commercial development is granted within 30 years of the date of entry
  • Potential for other uses (subject to obtaining relevant planning consents)

Description

The land at Lumbo, located on the edge of St Andrews in Fife, Scotland, offers a highly sought-after location with stunning coastal views. The 87.57-acre property is primarily used for arable cropping, including cereals and vegetables, and is classified as Grade 3(1) land. The land is in good condition, with brown earth soil and a gentle slope. The property is surrounded by woodland and is located within the Local Landscape Area and the St Andrews Green Belt. The land may appeal to potential purchasers seeking to develop the land in the future, subject to obtaining necessary consents. The property includes mineral rights, timber, and sporting rights, and a wayleave payment is received from Scottish Power for electric poles on the land. The seller is seeking a deposit of 10% of the purchase price, which will be non-refundable in the event of the purchaser failing to complete for reasons not attributable to the seller.