Land for sale

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Land for sale

Lot 4 | The Kerrison Portfolio, Thorndon, Eye, Suffolk, IP23
£25,000

Our Summary

  • The Vendor will benefit from 30 % of any uplift in the Market Value of the land if Planning Permission or Permitted Development results in an alternative use
  • The valuation date will be the date of planning permission and the Overage will be effective for 30 years from the date of completion of the sale

Description

assistant Here is a summary of the property description in a single paragraph: Located in Thorndon, a village with a community shop, public house, and primary school, Lot 4 is a small block of woodland with road frontage, benefiting from direct access to the Stoke Road. The property is being sold subject to an Overage Agreement, which means the vendor will receive 30% of any uplift in the land's market value if planning permission or permitted development leads to an alternative use. The valuation date will be the date of planning permission, and the payment will be due 30 years from the date of sale. The property is situated approximately 3 miles from Eye and 8.5 miles from Diss, which offers a range of facilities, including a main line rail link to Norwich, Ipswich, and London.
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