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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) Strategic development opportunity subject to planning
- 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
- Strategic development opportunity subject to planning
Description
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Here is a summary of the property description in a single paragraph without a list:
The Land at Flowerpot Lane in Long Stratton, Norfolk, is a strategic development opportunity covering approximately 82.89 acres. The land borders the town to the north and east, with road frontage along the A140, providing easy access to nearby towns and cities. The property comprises primarily commercial arable land with a small parcel of grass, classified as Grade 3 by the Provisional Agricultural Land Classification Sheet. The land is subject to a promotion agreement with Rosconn Developments, and while parts of the land may be suitable for early development, the main Long Stratton development is likely to provide allocated numbers for the village in the future. The property is offered for sale as a whole, freehold, and prospective purchasers are invited to discuss their requirements with the selling agent.