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Land for sale
Kenwyn, Truro
£550,000
Kenwyn, Truro
£550,000
Our Summary
- Potential development opportunity (STP)
- The LandAn excellent opportunity to acquire a block of productive agricultural land, with development prospects (subject to planning consent) which extends in area to 28
- Property InformationSpecial ConditionThe land is to be sold subject to an Uplift or Overage Clause whereby, if within a period of 15 years, planning permission is obtained on the land for residential development, the vendors or their successors are to receive 5% of the uplift in value resulting from the planning permission
Description
This 28.36-acre agricultural land plot is situated on the periphery of Truro City, adjacent to the B3284 Kenwyn Road, and is accessible from multiple entry points. The land is suitable for development, subject to planning consent, and has been farmed in an arable rotation. The property features a mix of level and gently sloping terrain, with an easterly aspect, and is bounded by roads on two sides. A footpath, held under lease to the Parish Council, runs through part of the property, generating an annual rent. The land is classified as Grade III on the Agricultural Land Classification map and has potential for future development, with the vendor's receiving 5% of the uplift in value resulting from planning permission, should it be granted within 15 years.