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Our Summary
- PLANNING Planning has been applied for on the land at Ladburn Lane (Lot 3), but this application was refused
- DEVELOPMENT CLAWBACK The Vendor reserves the right to receive 30% of any uplift in value in the event that planning permission is granted (payment on the earlier of sale or implementation) for any use other than agricultural or equine, running for a period of 30 years from the date of completion
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Description
A 48.54-acre arable land property is for sale in Oxfordshire, England, near the village of Shilton. The property is available for sale as a whole or in up to three lots and has planning consent for an agricultural building. The land is situated off Alvescot Road, Shilton Road, and Ladburn Lane, and benefits from road frontage and access.
The property is Grade 3 arable land with some pasture land and water meadows, and also has development potential. The freehold is being sold with vacant possession, and the property is subject to various rights of way, easements, and mineral rights. The vendor reserves the right to receive 30% of any uplift in value if planning permission is granted for a non-agricultural use.
Viewings are strictly by appointment with the selling agent, Brown & Co.