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Perry Green, Wembdon, Bridgwater... Land for sale
Perry Green, Wembdon, Bridgwater, Somerset, TA5
£350,000
Perry Green, Wembdon, Bridgwater, Somerset, TA5
£350,000
Our Summary
- OVERAGE CLAUSE Lot 2 is subject to a 30 year overage clause which started in 2012 whereby if planning consent is granted, 30% of the increase in value is payable to the original owner
- It is the Vendors intension to impose an overage clause on Lot 1 and field 3238 whereby if within the next 30 years change of planning consent is granted for commercial or residential use then the Vendors would be entitled to 30% of any resulting uplift in value
- At Junction 24 there is also Sedgemoor Auction Centre being the largest one day livestock market in Europe
Description
This property is a 41.61-acre block of arable and pasture land with good road frontage, situated in a rural area about two miles from the market town of Bridgwater. The property has a footpath traversing one of the lots and is subject to an Agricultural Occupancy Condition, which limits the occupation of the dwelling to someone employed in agriculture or forestry. The land is also subject to a 30-year overage clause, which would entitle the original owner to 30% of any increase in value if planning consent is granted for commercial or residential use. The property has good broadband and mobile coverage, and is at a very low risk of flooding. The surrounding area offers local facilities, schooling, and easy access to the M5 motorway, making it an ideal location for agricultural, horticultural, or equestrian pursuits.