Five acres stms of strategic accommodation land with hope value

This lot comprises of two broadly square parcels of land located close to the roundabout junction of the main A12 dual carriageway and the B1437 London Road. 2.8 acres of land is sandwiched between the A12 and London Road and the other 2.2 acres fronts the A12. The land is opposite a holiday park and the boundaries to the A12 dual carriageway are bordered by mature trees and hedges giving good screening from the road. Access is only via London Road which provides good visibility. The land was previously cropped and is sold with vacant possession. On instruction of Trustees

Tenure

Freehold

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.

Overage

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 25 years.

Viewing

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

Additional Note

A concrete block next to the A12 marks where the additional parcel of land is located.

Services

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

Local Authority

East Suffolk Council

Solicitors

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

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £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.