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Alston Lane, Brixham TQ5 Land for sale
Alston Lane, Brixham TQ5
£500,000
Alston Lane, Brixham TQ5
£500,000
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 rare opportunity to purchase 49.20 acres of arable land in Torbay, offering panoramic views across the area. The land is divided into two lots, Lot 1 comprising 30.60 acres and Lot 2 comprising 18.60 acres, both with good access and mains water supply. The land is suitable for arable farming and benefits from a gentle north-facing gradient and excellent views. The property also comes with sporting rights, although there are some reserved rights affecting a narrow strip of land along the eastern boundary. The land is being sold subject to an existing clawback clause, which will be replaced with a new clause in the contract. The guide price for Lot 1 is £310,000 and for Lot 2 is £190,000. Viewings are strictly by appointment only.