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Our Summary
- The land is situated to the north of the village of Guyhirn and has potential for development in the future
- The Seller retains an Overage of 30% of the uplift in value of the value of the land, following the gaining of planning permission for a period of 30 years
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Description
The property is located approximately five miles southwest of Wisbech and six miles north of March, with a postcode of PE13 4ET. The land comprises 4.92 hectares (12.14 acres) of arable land north of the village of Guyhirn, with potential for future development. The land is occupied by a local farmer under a Farm Business Tenancy Agreement until October 2025.
The seller retains an overage clause of 30% of any increase in value of the land following planning permission, and planning information is available from Fenland District Council. The exchange and completion timeline is expected to be approximately 30 working days after the buyer's exchange of contracts.