Clyst St. Mary, Exeter, Devon, EX5

Prime Agricultural Land with Development Potential (STP).

Description

The land comprises a singular enclosure extending to 3.5 acres in all. The land is classified as Grade 1 agricultural land with free draining, slightly acid loamy soils. The land has been farmed as part of a rotation for many years and is now down to grass.

Subject to securing the appropriate planning consents, the land provides strategic potential. The location and characteristics make the land well suited for a variety of future uses (STP).

The land is bordered by mature hedge banks and the public highway on the western and northern boundaries. There is one direct road access point from the northern boundary.

Development/Overage Provision
It should be noted the land will be sold subject to a development uplift provision of 25% of the uplift in value following the grant of any non agricultural
planning consent in the next 25 years and will be payable on the earlier of sale with the benefit of planning permission or implementation of the planning permission. This will affect the purchasers as well as their successors in title. Further detail available from the selling agent, Savills.

Location

The strategic parcel of land is located on the eastern side of Oil Mill Lane, just 0.5 miles south of the A3052 and 1.6 miles east of Junction 30 (M5).




Acreage: 3.5 Acres

Directions

Postcode - EX5 1AG What3Words - ///mailers.metro.stall

Additional Info

Tenure - Freehold with vacant possession available on completion.