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Land for sale
Fitling Lane, Fitling, Hull
£100,000
Fitling Lane, Fitling, Hull
£100,000
Our Summary
- Overage - The land is offered for sale subject to an overage, development uplift clause
- If the use of the land is changed from agricultural, either through planning consent or permitted development rights (under the General Development Consent Order) then an 'uplift' (overage) would be payable to the vendors or their successors in title
- This will be based upon 25% of the increase in Market Value of the property immediately before planning consent was granted (excluding hope value) and the Market Value of the property immediately after planning consent is granted but taking into account the terms of any such consent granted
- The overage/ development uplift will run for 10 years from the date of completion
Description
The property is a block of agricultural land in two separate parcels, totaling approximately 13.46 acres, located in the small hamlet of Fitling in Holderness, approximately 8 miles east of Hull and 7 miles northwest of Withernsea. The land has been used for grass production in the past but is currently uncultivated. The land is situated on the eastern side of Fitling Lane, and is registered with the Rural Payments Agency for the Basic Payment Scheme. The sporting rights are included in the sale, along with the mineral rights. The property is offered for sale freehold with vacant possession upon completion, subject to an overage/development uplift clause. The land is located within a Nitrate Vulnerable Zone and is not known to be included in any environmental scheme. No known services are connected to the property, but mains water is available in Fitling Lane. The property is offered for sale by private treaty, with offers sought over £100,000.