Land for sale

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Land for sale

Lopenhead, South Petherton, Somerset, TA13
£500,000

Our Summary

  • DEVELOPMENT COVENANT / OVERAGEThe land is understood to be subject to an uplift / overage clause for 25% for a period of 20 years commencing in 2013

Description

A 40.33-acre parcel of Grade 1 & 2 arable land in Somerset is available for sale by informal tender. The land is situated near the A303 and enjoys a rural position, enclosed by natural hedgerow boundaries. It is classified as Grade 1, with a small section of Grade 2 along the eastern periphery. The property is being sold with no mains services, and prospective purchasers should make their own enquiries about the availability of services in the locality. The land is subject to an uplift/overage clause for 25% for 20 years, and is being sold with vacant possession of all parts, subject to any rights of holdover. The property is offered as a whole, but offers may be made for less land, with the option to submit a plan marking the area to which the offer applies. The tenders should arrive at the agent's office by 12 noon on September 11, 2024, in a sealed envelope clearly marked 'Tender for Land at Frogmary'.
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