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Land for sale
Perry Green, Wembdon, Bridgwater, Somerset, TA5
£375,000
Perry Green, Wembdon, Bridgwater, Somerset, TA5
£375,000
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 41.61-acre property is a block of arable and pasture land with good road frontage, situated in rural surroundings about two miles from the market town of Bridgwater. The property is offered with freehold tenure and vacant possession available on completion. It is subject to an Agricultural Occupancy Condition, which limits the occupation of the dwelling to someone employed or formerly employed in agriculture or forestry. The property also has a 30-year overage clause, which would require a 30% payment to the original owner if planning consent is granted for commercial or residential use. The property is located in an area with very low risk of flooding and has good mobile coverage. The surrounding area offers local facilities, schooling, and easy access to the M5 motorway and other nearby towns.