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Farm land for sale
Gypsy Castle Lane, Hay-on-Wye, Hereford
£500,000
Gypsy Castle Lane, Hay-on-Wye, Hereford
£500,000
Our Summary
- The potential of this field is endless both in terms of recreational uses especially with the River Wye frontage and also in terms of the potential residential development of the site
- The potential to increase this income is considerable subject to the necessary consents
- Further information relating to the current camping facilities are available at: Development Potential - In recent years the town of Hay has continued to develop in a westerly direction towards this parcel of land, so much so that the current owners have made a submission to Powys County Council for the site to be considered as a candidate site to be included in the replacement Local Development Plan
- The land will be sold free of any development uplift clauses or clawbacks
- Development Potential
Description
This 3.89-acre property in Hay-on-Wye offers a rare opportunity to acquire a prime piece of land in a famous market town. The land is situated just a 5-minute walk from the Hay Literary Festival site and 10 minutes from the town center, with good roadside access. It has been used as a popular festival campsite, generating a significant income of over £30,000 per annum. The land also has potential for residential development, recreational uses, and grazing livestock. With its picturesque location, convenient access, and potential for growth, this property presents a unique investment opportunity. The town of Hay is continuing to expand, and this site would be a logical extension, offering endless possibilities for development.