About this property

Detailed Description

A rare opportunity to purchase approximately 17.28 acres of arable land, yard with farm buildings and grassland with development potential on the edge of the Village of Nettleham. The land is being sold in two lots as highlighted in red and blue on the plan attached to these particulars.

LOT 1
Lot 1 comprises an area of rear garden, farmyard of around 1.11 acres with around 8,000 sq. ft of farm buildings and grass field of around 7.81 acres. The farm buildings may have potential to be converted into residential dwellings under permitted development rights (Class Q).
Guide Price: £550,000

LOT 2
Lot 2 comprises an arable field of approximately 8.36 acres which is currently let on a Farm Business Tenancy.
Guide Price: £150,000

Location

Nettleham is a large, picturesque village with a green at its centre, a beck running through it and many of the houses constructed of
local limestone. Local amenities include public houses, a co-op, hairdressers, newsagent, Anglican and Methodist churches.
Nettleham is situated just three miles north of the Cathedral City of Lincoln.

Accommodation

Building 1 - 7.5m x 24.4m
Tool Shed - 2.9m x 2.4m
Building 2 - 8.1m x 4.6m
Pole Barn - 11.7m x 10.0m
Crew Yard (collapsed roof) - 10.7m x 5.3m
Crew Yard (Machinery Store) - 10.7m x 5.9m
Fodder Store - 18.3m x 6.7m
Potato Store and Calf Shed - 6.0 x 40m

Services

Interested parties should make their own enquiries of the service providers to confirm availability and capacity of services.

Viewing

For further information or to arrange a viewing please contact:

John Elliott
01522 504303
07919 694223
john.elliott@brown-co.com

William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

VAT

Prices quoted in these particulars are exclusive of VAT. We are informed by our client that they have not elected to charge VAT

Legal Costs

Each party is to be responsible for their own legal costs.

Other

EASEMENTS, WAYLEAVES & RIGHTS OF WAY
Lots 1 & 2 are sold subject to, and with the benefit of, all existing easements, wayleaves and rights of way whether or not these are
specifically mentioned in this brochure.

PLANNING PERMISSION
The land's location on the edge of Nettleham suggests it may have potential for future development. The current planning
documents are the Central Lincolnshire Local Plan and the Nettleham Neighbourhood Plan, which is under review. The existing farm buildings may have potential to be converted into residential dwellings under permitted development rights (Class Q) Interested parties should make their own enquiries of West Lindsey District Council on 01427 676676 for further information in connection with planning.

DEVELOPMENT CLAWBACK
In the event that consent is granted for the land to be developed for anything other than agricultural or equestrian use in the next 35
years the purchasers will pay the seller or their successors in title 35% of the increase in the value of the land with the benefit of
consent for development over the existing value of the land as agricultural land without the hope of development. The overage is
to be paid on the earlier of disposal or implementation of the consent.

If the site is sold as a whole Lot 1 and Lot 2 are sold on the basis that the buyer will be under an obligation to use reasonable
endeavours to secure a consent for residential development at the earliest opportunity. If Lot 2 is sold separately it will be sold
without this obligation.

Terms

TENURE
Lot 1 - Freehold with vacant possession upon completion.
Lot 2 - Freehold, subject to a short term Farm Business Tenancy.