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

This small block of woodland, located on the Stoke Road in Thorndon, benefits from direct road access and is being sold subject to an Overage Agreement. The vendor will receive 30% of any increase in market value if planning permission or permitted development results in an alternative use, with the payment due 30 years from the date of sale. The property is situated in the village of Thorndon, which has a community shop, pub, and primary school, and is approximately 3 miles from the market town of Eye, which offers a range of facilities. The larger town of Diss is about 8.5 miles away, with a main line rail link to Norwich, Ipswich, and London.
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