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Land for sale
Launceston
£170,000
Launceston
£170,000
Our Summary
- 50 ac with more imminent development potential (STP) Guide: £150,000 - £175,000Situation - The land is situated right on the eastern edge of the popular former market town of Launceston, accessed by the A388 and the Tavistock Road
- 57 acres of valuable grazing land with investment / development potential (STP,) situated on the edge of Launceston, close to the town centre
- 07 acres of undulating pasture with 3 accesses off A388 / Tavistock Road, comprised within 7 fields Auction Guide: £315,000
- 50 acres of pasture, with investment/development potential for 1/2 dwellings with houses on 3 sides and accessed from a private driveway off the Tavistock Rd, Auction Guide: £170,000
- Overage Provision - An Overage provision will be included within the contract, requiring the Purchasers and their successors in title to pay the Vendor 30% of any uplift in value, triggered on the granting of planning permission (or equivalent) for any residential or commercial development within 30 years from completion
- For the avoidance of doubt, planning for agricultural or equestrian buildings/use will not trigger the overage
- Completion is due 6 weeks after the auction
Description
This 18.57-acre prime development/investment land opportunity is situated on the eastern edge of Launceston, a popular former market town, and is just 0.3 miles from the town center. The land offers stunning far-reaching views towards Dartmoor and has long-term potential for development. Lot 1, comprising 18.07 acres of undulating pasture, has a guide price of £275,000-£325,000, while Lot 2, a 0.50-acre plot with investment/development potential, has a guide price of £150,000-£175,000. The land is zoned for development and has recently been included in Cornwall Council's Strategic Housing Land Availability Assessment. The property is sold freehold, subject to a farm business tenancy, and completion is due six weeks after the auction. The land has access to main services, including water, gas, drainage, and electricity, and mobile coverage is likely to be available. An overage provision will be included in the contract, requiring the purchaser to pay 30% of any uplift in value triggered by planning permission for residential or commercial development within 30 years.