Land for sale

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Land for sale

Butts Way, Milverton, Taunton, Somerset, TA4
£75,000

Our Summary

  • OVERAGE CLAUSE It is the vendors intention to impose an overage clause on both lots whereby should residential planning consent be granted within 21 years of completion the vendors or their successors in title will be entitled to 25% of any resulting uplift in value

Description

A 5.5-acre parcel of gently sloping pastureland is being offered for sale by informal tender. The property, situated on the edge of Milverton, has road frontage to the north and is enclosed by natural hedgerow boundaries. The land benefits from mains water and has a public footpath traversing one of the lots. The property is sold subject to various rights of way, easements, and wayleaves, and also has sporting rights and the potential for agricultural and equestrian development. An overage clause will be imposed, allowing the vendors to claim 25% of any resulting uplift in value if residential planning consent is granted within 21 years of completion. The land is being sold as a whole or in two lots, and tenders should be submitted in writing or by email by June 26th, 2025.