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Perry Green, Wembdon, Bridgwater... Land for sale
Perry Green, Wembdon, Bridgwater, Somerset, TA5
£350,000
Perry Green, Wembdon, Bridgwater, Somerset, TA5
£350,000
Our Summary
- OVERAGE CLAUSE Lot 2 is subject to a 30 year overage clause which started in 2012 whereby if planning consent is granted, 30% of the increase in value is payable to the original owner
- It is the Vendors intension to impose an overage clause on Lot 1 and field 3238 whereby if within the next 30 years change of planning consent is granted for commercial or residential use then the Vendors would be entitled to 30% of any resulting uplift in value
- At Junction 24 there is also Sedgemoor Auction Centre being the largest one day livestock market in Europe
Description
The property is a 41.61-acre block of arable and pasture land with good road frontage, situated in rural surroundings approximately two miles from the market town of Bridgwater. The land is offered with freehold tenure and vacant possession available on completion. The farm is subject to an Agricultural Occupancy Condition, which limits the occupation of the dwelling to a person employed or formerly employed in agriculture or forestry. The property is also subject to a 30-year overage clause, which would entitle the vendor to 30% of any resulting uplift in value if planning consent is granted for commercial or residential use. The property has ADSL broadband available and mobile coverage from various providers. It is located in an area at a very low risk of flooding and is accessible via a private driveway off the Minehead Road. Local facilities, schooling, and transportation links are available in the surrounding area.