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Farm land for sale
Land At Long Stratton, Long Stratton, Norwich, Norfolk, NR15 2SZ
£2,000,000
Land At Long Stratton, Long Stratton, Norwich, Norfolk, NR15 2SZ
£2,000,000
Our Summary
- 89 acres) Development opportunity subject to an existing promotion agreementINTRODUCTION Extending to 82
- Located to the south west of the growing market town of Long Stratton the land offers prospective purchasers the opportunity to acquire a significant strategic development opportunity, subject to an existing promotion agreement
- TOWN & COUNTRY PLANNING & PROMOTION AGREEMENTThe Greater Norwich Local Plan was adopted in March 2024 with 1,800 houses or thereabouts allocated for development as part of a scheme to deliver a Long Stratton bypass
- Thereafter, the land at Flowerpot Lane would appear suitable and sustainable, subject to planning permission being granted
- The bypass has planning permission and is due to start imminently
- AGENTS NOTEThe vendors will seek a deed of overage whereby 30% of any increase in value following the grant of any planning permission or other approval under the Town & Country Planning Acts for anything other than agricultural or equestrian use shall be paid
- The overage will run for 30 years from the date of the conveyance and will be payable on implementation of a planning consent/approval or sale of this property with the benefit of the planning permission/approval
Description
This property description summarizes a 82.89-acre development opportunity in Long Stratton, Norfolk, available for sale with an existing promotion agreement for housing development. The land is situated near the A140, providing easy access to Norwich and other surrounding towns with rail links to London and Cambridge. The land, which is classified as Grade 3 agricultural land, is currently under an Agricultural Tenancies Act 1995 agreement until 2031 but is offered freehold with the vendor seeking a deed of overage for any future development beyond agricultural or equestrian use. The property has been in the same family for generations and is characterized by its arable and grassland, with some ponds and trees, and is adjacent to Long Stratton with road frontage along the A140. The Greater Norwich Local Plan allocates 1,800 houses for development in the area, with the land at Flowerpot Lane potentially suitable for development following the expected completion of a bypass that will improve access to the south eastern side of the land. The property is offered for sale as a whole, with the possibility of discussing part sales with the selling agent.