Chequers Lane, South Lopham Land for sale

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Chequers Lane, South Lopham Land for sale

Chequers Lane, South Lopham
£100,000

Our Summary

  • It is suitable for ongoing arable farming or amenity use subject to planning
  • Buyers are advised there will be an overage agreement attached to the land following a sale sale with a 30% uplift in value payable to the vendors for a period of 30 years for any non-agricultural, non-horticultural or non private equestrian use which will become payable upon the grant of planning permission

Description

The property for sale is a 7.83-acre parcel of agricultural land located in South Lopham, Norfolk, with direct road frontage to the B1113 Redgrave Road. The land is currently uncropped and has been fallow for several years, making it suitable for ongoing arable farming or amenity use, subject to planning permission. There are no services connected to the land, and a buyer should make their own inquiries to satisfy themselves before proceeding. A unique feature of the property is an overage agreement, which requires a 30% uplift in value to be paid to the vendors for 30 years if the land is used for non-agricultural, non-horticultural, or non-private equestrian purposes. The guide price for the property is £100,000 to £120,000.