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Our Summary
- Development OverageThe land will be sold subject to a Development Overage in the event that planning permission is granted for any development other than for agricultural or equestrian purposes
- The uplift will be for 30% of any net development value resulting from the grant of planning permission, change of use or similar consent within a period of 30 years from completion of the sale
- The overage will be triggered on commencement of the development or on the sale of the land with planning permission whichever is sooner
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Description
The property is an attractive block of arable land located south of the village of Hundon, available for sale as a whole or in two lots. Lot 1 covers 9.41 acres and is located to the south of the village, with a frontage to Lower Road and mature hedgerows on its boundaries. Lot 2 covers 7.58 acres and has extensive road frontage to Lower Road and Mare Hill, with a mature hedgerow on its southern and western boundaries.
The land is classified as Grade 2, with soil series of slowly permeable calcareous clayey soil and some slowly permeable non-calcareous clayey soils.