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Tenure - we are informed is Freehold
Overage - The land sale is to be sold with an overage provision of 25% for a period of 30 years. This will be triggered upon the grant of planning permission for any commercial or residential use.
VAT - VAT is not payable.
Profit for Pasturage Agreement
We are advised that there are two Profit for Pasturage agreement in place - one expires on 1st November 2026 and the other on 31st March 2027. The Grazier is the same person in both cases.
Wayleave
There is a wayleave in favour of Electricity Northwest for which an annual fee is paid to the landowner.
