Kenwyn, Truro Land for sale

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Kenwyn, Truro Land for sale

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 block of productive agricultural land is situated on the periphery of Truro City, with a convenient entrance from the B3284 highway and secondary access from a minor council road and private access to the north. The land is level or gently sloping with an easterly aspect and is classified as Grade III on the Agricultural Land Classification map. It has been farmed in an arable rotation and features ring-fencing, Cornish hedge boundaries, and timber post and rail fencing. The property also includes a footpath held under lease to the Parish Council, for which an annual rent is received. The land offers a potential development opportunity, subject to planning consent, and is being sold with an uplift or overage clause, where the vendors will receive 5% of the uplift in value if planning permission is obtained for residential development within 15 years.
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