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£160,000

WV16 6SF

  • 0 beds
Land

£160,000

  • 0 beds
Land
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Estimate monthly mortgage payment:

£730 per month

Minimum deposit amount:

£8,000
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We are now instructed by our client to invite Best and Final offers, to be submitted on or before 4pm Friday 19 April 2024. Please contact the Land & New Homes Team on 01746 770001 for more information. Viewings are strictly by appointment here due to the active tenancy agreement in place. Opportunity to purchase 9.2 acres of land with gated access from the road and a steel frame barn. The barn may have some potential for conversion in to a dwelling however this would be subject to an appropriate planning application or permitted development application. This parcel of land and barn are currently subject to a tenancy agreement which means that vacant possession will be granted in March 2025 and no sooner. Our client will be placing an overage clause on the sale of the land which will be worded approximately as follows "The provision requires a 30% share of any uplift in value, because of development requiring planning permission (whether full or permitted development), in respect of the property (other than for agricultural or non-business equestrian uses) during a period of 30 years from the sale completion date. The overage payment would fall due on the implementation of any relevant planning permission or on sale with the benefit of a planning permission, whichever is earlier.’ THE AREA: The charming village of Ditton Priors nestles under the north slope of the Brown Clee Hill in a designated area of Outstanding Natural Beauty. The picturesque village centre surrounds the parish church which predominately dates back to the 13th Century. An affluent local community enjoys the benefit of excellent local amenities that include a butcher, a local inn, convenience store, doctor’s surgery and school.

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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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Property details

£160,000

property for sale

WV16 6SF
We are now instructed by our client to invite Best and Final offers, to be submitted on or before 4pm Friday 19 April 2024. Please contact the Land & New Homes Team on 01746 770001 for more information. Viewings are strictly by appointment here due to the active tenancy agreement in place. Opportunity to purchase 9.2 acres of land with gated access from the road and a steel frame barn. The barn may have some potential for conversion in to a dwelling however this would be subject to an appropriate planning application or permitted development application. This parcel of land and barn are currently subject to a tenancy agreement which means that vacant possession will be granted in March 2025 and no sooner. Our client will be placing an overage clause on the sale of the land which will be worded approximately as follows "The provision requires a 30% share of any uplift in value, because of development requiring planning permission (whether full or permitted development), in respect of the property (other than for agricultural or non-business equestrian uses) during a period of 30 years from the sale completion date. The overage payment would fall due on the implementation of any relevant planning permission or on sale with the benefit of a planning permission, whichever is earlier.’ THE AREA: The charming village of Ditton Priors nestles under the north slope of the Brown Clee Hill in a designated area of Outstanding Natural Beauty. The picturesque village centre surrounds the parish church which predominately dates back to the 13th Century. An affluent local community enjoys the benefit of excellent local amenities that include a butcher, a local inn, convenience store, doctor’s surgery and school.