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Farm land for sale
Lugg Bridge, Worcester Road, Hereford
£75,000
Lugg Bridge, Worcester Road, Hereford
£75,000
Our Summary
- Overage - On Lot 1 provision will be made for Uplift Overage at 40% of the increase in value for a period of fifty years from the date of acquisition
Description
This productive land consists of three adjoining lots, available for purchase individually or as a whole. Lot 1 is a 4.82-acre flat grass field located next to the Aylestone Hill roundabout with road frontage on both Sutton Road and Worcester Road. The field is subject to an overage clause and is within the flood plain of the River Lugg, requiring a small annual payment to the River Lugg Internal Drainage Board. The land may appeal to conservationists and those interested in increasing biodiversity. The property is freehold with vacant possession on completion and is being offered for sale as a whole by informal tender, with a guide price of £75,000 for Lot 1.