>
Land at Chapel Avenue, Wisbech St. Mary Land for sale
Land at Chapel Avenue, Wisbech St. Mary
£500,000
Land at Chapel Avenue, Wisbech St. Mary
£500,000
Our Summary
- 3 Ha of land in the centre of Wisbech St Mary, with Outline Planning Consent for up to 9 dwellings with No S106 requirements attached
- LOCATION The site is situated in the heart of the village, with access from Chapel Avenue, in close proximity to the Primary School, Playing Fields, Local Shops and other village facilities, which are all within walking distance PLANNING Outline Planning Consent was approved under ref F/YR23/0512/O by Fenland District Council on 13th December 2023 for up to nine dwellings
- SERVICES It is understood that mains Water Electricity and Drainage are available to the site, but prospective purchasers should make their own enquiries of the relevant utilities DEVELOPMENT OVERAGE COVENANT The land outside the existing consent , verged blu on the location plan, is included in the sale but subject to a development overage covenant reserving 50% of any uplift in value resulting from consent on this land for residential or commercial value to the vendor for a period of 20 years
Description
This is a residential development site of approximately 1.28 hectares in Wisbech St Mary, with outline planning consent for up to 9 dwellings with no S106 requirements. The site is located in the heart of the village, close to the primary school, playing fields, local shops, and other village facilities. The consent was approved in December 2023, and the indicative layout plan is available for inspection. The site has access to mains water, electricity, and drainage, although prospective buyers should verify this with the relevant utilities. The sale includes a development overage covenant, which reserves 50% of any uplift in value resulting from consent on adjacent land for residential or commercial use to the vendor for 20 years. The property is being sold freehold with vacant possession, and offers are invited around the guide price level, with prospective buyers expected to demonstrate funding availability for the purchase.