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Alston Lane, Brixham TQ5 Land for sale
Alston Lane, Brixham TQ5
£190,000
Alston Lane, Brixham TQ5
£190,000
Our Summary
- The existing clawback clause is valid until 3rd April 2029 with a previous owner entitled to 50% of any uplift in value should the land be developed specifically in relation to residential, industrial, retail or commercial use only
- The vendor shall be entitled to 30% of any uplift of the value of the land should a grant of planning permission be obtained during the period of 40 years commencing from the 4th April 2029 for any use other than agriculture, horticulture or use as pony paddocks
Description
This 18.6-acre arable land property in Torbay offers panoramic views of the surrounding area and benefits from mains water and good access. The land has a gentle northwest-facing gradient and is well-bordered by mechanically maintained hedgerows or mature tree and hedge growth. The property has a mains water supply and is accessible from the public highway. The sporting rights are included, although there is a reserved right affecting a 15-yard-wide strip along the eastern boundary. The land is being sold subject to an existing clawback clause, which allows the previous owner to claim 50% of any uplift in value if the land is developed for residential, industrial, retail, or commercial use. The property will also be subject to a new clawback clause, which will give the vendor 30% of any uplift in value if planning permission is granted for a use other than agriculture, horticulture, or pony paddocks. The land is believed to be registered with the Rural Payments Agency and has no Agri-environment schemes in place. The property is being sold freehold and is available for offers in the region of £190,000.