Land for sale

>

Land for sale

Penpol, Crantock, Newquay TR8
£60,000

Our Summary

  • Overage Clause: The land is to be sold subject to an Uplift or Overage Clause whereby, if for a period of 20 years, planning permission is obtained on the land for residential development, the vendors or their successors are to receive 15% of the uplift in value resulting from the planning permission

Description

This property description details a 3.14-acre field located on the outskirts of Crantock village, with gentle slopes and sea views. The field has mostly natural hedge boundaries and has been used for cattle grazing, but is suitable for other agricultural or recreational uses. The property includes mains water and has gated vehicular access, with a public footpath passing through the field. The sale is subject to an overage clause, which requires the vendors to receive 15% of any increase in value resulting from obtaining planning permission for residential development on the land within a 20-year period.
Finance This Property