Where by reason of exceptional narrowness, shallowness or shape of a specific piece of property, or by reason of exceptional topographic condition, or by reason of other extraordinary and exceptional situation or condition of such piece of property, the strict application of any regulation would result in peculiar and exceptional practical difficulties to, or exceptional and undue hardship upon the developer of such property, grant, upon an application or an appeal relating to such property, a variance from such strict application of such regulation so as to relieve such difficulties or hardship as provided for by law and the procedures of the Combined Planning Board.