Alston Lane, Brixham TQ5 Land for sale

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Alston Lane, Brixham TQ5 Land for sale

Alston Lane, Brixham TQ5
£310,000

Our Summary

  • The existing clawback clause is valid until 3rd April 2029 with a previous owner entitled to 50% of any uplift in value should the land be developed specifically in relation to residential, industrial, retail or commercial use only
  • The vendor shall be entitled to 30% of any uplift of the value of the land should a grant of planning permission be obtained during the period of 40 years commencing from the 4th April 2029 for any use other than agriculture, horticulture or use as pony paddocks

Description

This is a fantastic opportunity to purchase 30.60 acres of arable land with panoramic views across Torbay and beyond. The land, scheduled Grade 2 on the Provisional Agricultural Land Classification, benefits from mains water and good access from the adjoining highway. The property has a gentle north-facing gradient and excellent views, with a track along the northwestern boundary and mechanically maintained hedgerows. The land is being sold freehold, with a guide price of £310,000. There is a tenant in situ, with the agreement terminating on September 30, 2025. The property is subject to a clawback clause, which entitles the vendor to a percentage of any uplift in value if the land is developed for certain uses. The land is also subject to a new clawback clause, which will be written into the contract.