Category: Development Land

FOR SALE BY FORMAL TENDER 

Approximately 40.30 acres of grass leys divided into three enclosures adjacent to Steelworks Road (A4810). Available as a whole or in three lots.

Closing Date for Formal Tenders:  Tuesday 24th October 2023 at 12 noon

A rare opportunity to acquire a significant block of approximately 40.30 acres of productive pasture land adjacent to the Steelworks Road (A4810), Magor, Monmouthshire.

• Level and well maintained pasture land available in three convenient lots.
• Lots 1 and 2 have roadside frontage onto Steelworks Road (A4810), less than 2 miles from the M4 motorway (Junction 23A).
• Lot 3 has access from Rush Wall.
• Divided by traditional reens, ditches and stock proof fencing.
• Situated immediately opposite Tesco and Wilko distribution depots.
• Located within the Redwick and Llandevenny Site of Special Scientific Interest (SSSI).
• Currently not included in any Environmental Management Scheme.

LAND

Available as a whole or in three separate lots:-

Lot 1: 16.03 acres (6.49 hectares).  Guide Price:  £250,000

Lot 2: 15.19 acres (6.15 hectares).  Guide Price:  £240,000

Lot 3: 9.08 acres (3.67 hectares).  Guide Price:  £150,000

Guide Price as a whole:  £620,000

METHOD OF SALE

The property is offered for sale by “Formal Tender”.

Offers must be received by 12 noon on Tuesday 24th October 2023, at the Agent’s Office.

Tenders must be submitted on the official Tender Form which can be obtained from the Vendors’ Solicitor. The Tender Form must be completed in full together with the Anti Money Laundering documentation. A 10% deposit will be requested from the successful purchaser, with the deposit being transferred from the Purchaser’s Solicitor to the Vendors’ Solicitor within five working days.

Further details can be found within the Contract Pack.

Acceptance of the Tender by the Vendors will constitute the “Exchange of Contracts”. All intending purchasers are advised to view the Sales Contract prior to submitting a Tender.

Copies of the Contract and Title documents are available from the Vendors’ Solicitor.

A rare opportunity to acquire an attractive parcel of land with development potential (subject to obtaining the necessary planning consent). The land is flat and has been historically used for livestock grazing, and mowing for hay/silage.

• Approximately 1.55 acres of level pasture land
• Rural village location
• Development potential (subject to obtaining the necessary
  planning consent)
• Within easy reach of the A40
• Crickhowell – 2 miles
• Abergavenny – 4 miles
• Of interest to equine/amenity buyers, local residents and investors

LOCATION

Located in Bannau Brycheiniog National Park, the village of Glangrwyney nestles at the foothills of the Sugar Loaf mountain and is situated between the popular towns of Crickhowell and Abergavenny. The village lies on the A40 with excellent transport links to South Wales and the Midlands.

DESCRIPTION

The land is situated near the centre of the village and extends to approximately 1.55 acres. Generally level, the land is accessed directly off the public highway and adjoins residential properties. The land offers scope for future development (STPP).

TENURE

Freehold with vacant possession upon completion.

METHOD OF SALE

The property is offered for sale by Private Treaty.

OVERAGE PROVISION

The land will be subject to an overage provision of 30% for a period of 30 years on development, other than agricultural and equestrian.

VIEWINGS

Viewings are permitted at any time during daylight hours with a copy of these particulars. Please register your interest with the Agent prior to viewing.

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