Rare opportunity to acquire 1.1 acres of amenity / pasture land with hope value

This broadly rectangular parcel of amenity land extends to around 1.1 acres (stms). It is accessed off Steggs Lane and is currently overgrown and in need of attention. Located between houses there may be some future strategic hope value making it a shrewd long term investment. The land is being sold subject to an overage in the event of future development. The overage will be 50% of any uplift in value created by a planning consent for alternative use or development, and will be for a period of 80 years. The land is located less than three miles south of Dereham.

Tenure

Freehold

Viewing

Any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.

Note

Please would all interested parties register their interest with the Auctioneers in order that they may be kept up to date with any developments.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Breckland Council

Solicitors

Birketts (Norwich), Ref: Stuart Jones, Tel: 01603 756501

Additional Fees

Buyer's Premium - £960 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.