Land for sale

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Land for sale

Ivy Farm, East Mersea, Colchester, Essex, CO5
£270,000

Our Summary

  • The land and location make it a haven for wildlife and provide a range of opportunities for environmental management with potential to benefit from Biodiversity Net Gain (BNG)
  • 65 acres, this includes a potential development plot (subject to planning) fronting onto Ivy Lane and a 3
  • OVERAGE An Overage will apply to Lot 2 - reserving to the seller 30% of any uplift in value as a result of residential development for a period of 25 years TENURE Vacant possession will be given on completion of sale

Description

The property is a 42-acre plot of land located on Mersea Island, approximately 11 miles south of Colchester. The land includes areas of conservation grassland, sea wall, and saltmarsh, with views over the Pyfleet Channel and Colne Estuary. The property is available as a whole or in two lots, with Lot 1 covering 38.32 acres and Lot 2 covering 3.65 acres. The land is currently part of an environmental scheme, and the buyer will be obligated to take over the management agreement. The property has a right of way for vehicular access and a pedestrian right of way will be reserved over the field to the east of the house. An overage will apply to Lot 2, reserving 30% of any uplift in value as a result of residential development for a period of 25 years. The seller is seeking offers in the region of £270,000 for the freehold interest in the whole or as follows: £200,000 for Lot 1 and £70,000 for Lot 2.