About this property

Detailed Description

DESCRIPTION
The land off Heath Road offers purchasers the opportunity to acquire a charming meadow with a well-established grass ley. In all the property extends to 1.15 hectares (2.84 acres).

The land is classified as Grade 1 by the Provisional Agricultural Land Classification Sheet and identified as being part of the Gresham Series being described generally as slowly permeable seasonally wet acid loamy and clayey soils.

The pocket of land is bordered by hedgerows and trees with extensive road frontage to the north-west.

GENERAL REMARKS & STIPULATIONS:

METHOD OF SALE
The property is offered for sale by private treaty.

TENURE & POSSESSION
The property is offered for sale freehold with vacant possession.

EXCHANGE OF CONTRACTS & COMPLETION
Exchange of contracts will take place within 21 days of receipt by the purchasers' solicitor of a draft contract with completion no later than 28 days.

OVERAGE
The parcel will be sold subject to an overage agreement for 30 years under which 30% of any uplift in value attributable to a change of use from agriculture or equestrian will be payable to the seller. The overage would be triggered on the sooner of the implementation of the planning permission or the sale of the site subject to the planning permission.

The value will be assessed at the date of planning permission and payable on the earlier of the commencement of the development or sale of the property, allowing the costs of obtaining the permission(s) as a deduction. The Base Value will be reassessed at the date of each trigger event.

VIEWING
By appointment with the selling agents Brown & Co. Please contact Sarah Lucas.

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.