>
Farm land for sale
Land off Sowgate Lane, Pontefract
£260,000
Land off Sowgate Lane, Pontefract
£260,000
Our Summary
- Description The land comprises a reasonable shaped block of arable land strategically situated to offer potential for future alternative uses, subject to obtaining the necessary planning consents
- The land may be deemed a suitable infill block for future development, subject to being able to obtain the necessary planning consent
- This is for 12% of any uplift in value
- This will be implemented on the grant of planning permission, or the disposal of the land with the benefit of the permission, whichever is the sooner
- The overage will also be for 12% in any uplift in value from the existing use value
- Strategically situated to offer potential for future alternative uses, subject to obtaining the necessary planning consents
Description
The property is a block of arable land located in Pontefract, West Yorkshire, accessible off Sowgate Lane. The land is classified as Grade 2 soil and has potential for future alternative uses, subject to obtaining necessary planning consents. The land is registered on the Rural Payments Agency Rural Land Register and has been used to activate entitlements under the former Basic Payment Scheme. The property is being sold with vacant possession and no outgoings or tenantright payable. The sale price is exclusive of VAT, and the buyer will indemnify the seller for any VAT payable. The land is situated within a designated Nitrate Vulnerable Zone and may be suitable for infill development, subject to planning consent. There are existing development clauses in place, including a 20-year clawback provision and a 15-year overage clause, which will be implemented upon grant of planning permission or disposal of the land.