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Light Industrial for sale

Little Horsecroft Barn, Horsecroft, Bury St Edmunds

Removed £195,000

Property Description

Full description

Little Horsecroft Barn is situated about 2.5 miles to the south west of Bury St Edmunds adjacent to Horsecroft Road which is a minor Council maintained road leading to the village of Hawstead.

A Location Plan for the property is detailed in these particulars.

The Barn is of timber framed construction with weatherboard elevations under a slate roof and standing on a brick and flint plinth wall. To the rear is an open fronted lean-to with corrugated iron and tiled roof.

The building has an earth floor with the following external measurements:-

Main Barn - 15.20m x 5.75m and 3.90m x 3.70m.

Lean-to - 15.20m x 5.50m.

A right of way will be granted over the entrance drive to Little Horsecroft in order to gain access to the Barn with restricted parking adjacent to the roadside wall.

No mains services are connected to the Barn.

The roof of the main barn and lean-to extension are in a poor state of repair. Interested parties must take care when viewing the property.

The Barn has been used for general agricultural storage purposes as part of Horsecroft Hall Farm. No specific Planning Permission has been granted for Change of Use.

The property is available For Sale freehold with the benefit of vacant possession at a guide figure of £195,000 subject to contract.

The Barn will be sold with a development overage whereby the Vendor retains the right to receive 50% of any increase in value as a result of Planning Permissions being obtained for residential development in the next 30 years. The overage to be paid on the implementation of Planning Permission or the disposal of the property once Planning Permission has been granted (whichever is the earlier). There will be a restriction entered on the Title ensuring that the terms of the overage are passed onto Successors in Title.

The property is also available To Let on a full repairing and insuring Lease on a term of years to be agreed at an initial rent of £2,250 per annum. The Tenant will be responsible for Business Rates which are to be assessed.

IP29 5NY

Prospective Purchasers / Tenants may view the property strictly by appointment with the Sales Agents. Please contact:-

Anthony Holliday FRICS FAAV
T: 01284 731453
M: 07768 465736

More information from this agent

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