Commercial Property for saleSunniside, Newcastle Upon Tyne, Tyne and Wear
Offers Over £285,000
Grassland comprising of meadow and pasture
• Road frontage • Mains water • In all approximately 24.76 hectares (61.18 acres)
The property is situated off Birkland Lane on the outskirts of Sunniside. The property benefits from its proximity to the major highways in Gateshead and Tyne and Wear. Newcastle city centre is only 6 miles from the property.
The property comprises grassland extending in all to approximately 24.76 hectares (61.18 acres), as edged red on the plan within these particulars. The total area on the Rural Payments Agency Rural Land Register maps is 24.76 hectares
with a recorded eligible area for subsidy of 24.7 hectares.
The grassland comprises both meadow and pasture and some of the land could be capable of being converted to arable. The property benefits from road frontage onto Birkland Lane. The property has mains water.
GENERAL REMARKS AND STIPULATIONS
Method of Sale
The land is offered for sale by private treaty either as a whole or in lots as required by the purchaser. Any prospective purchaser should submit their offer to the Wolsingham office of George F White.
Tenure and Possession
The property is offered for sale freehold with vacant possession upon completion.
The property has access direct from the public highway.
Basic Payment Scheme
The land has been registered and is sold with the benefit of entitlements to receive payment under the Basic Payment Scheme.The vendor proposes to include 24.7 non-SDA entitlements with the sale. If the purchaser is able to complete the purchase prior to 9th May 2016, the vendor will transfer the entitlements to the purchaser in accordance with the regulations of the scheme in order for the purchaser to claim the 2016 Basic Payment. In the event that the 9th May 2016, the vendor will claim the 2016 Basic Payment but will undertake to purchaser is unable to complete the purchase prior to 9 transfer entitlements to the purchaser in accordance with the regulations of the scheme after the claim date. If the vendor claims the 2016 Basic Payment, the contracts of sale will oblige the purchaser to sign an indemnification that they will maintain the land in good agricultural and environmental condition and follow the Basic Payment Scheme cross compliance regulations. Further to this, the indemnification will also hold the purchaser liable should the vendor be penalised for breach of cross-compliance. The transfer of the Basic Payment Scheme entitlements shall be co-ordinated by George F White with fees of £350 plus VAT per lot being charged to and payable by the purchaser.
Schemes and Designations
The subject property is within a nitrate vulnerable zone.
The land has the benefit of mains water. The blue line on the plan within these particulars shows the point at which the water pipe comes onto the land and the approximate route it follows to feed.existing troughs in the fields. If the property is sold in separate lots, then terms can be negotiated for sub-meters to be installed on the existing service pipe to potentially allow separate supplies to each lot.
Sporting and Mineral Rights
It is understood that the sporting rights are included, and mineral rights are reserved to a third party.
Third Party Rights and Restrictions
The property is sold subject to and with the benefit of all rights of way, water, drainage, water courses and other easements, quasi or reputed easements, and rights of adjoining owners, if any, affecting the same, and all existing and proposed wayleaves or other matters registered by any competent authority subject to statute.
Various parcels on the property are subject to historic restrictive covenants. There are public footpaths across the land.
The purchaser will enter into an overage of 50% for a term of 25 years from the date of completion to the benefit of the vendor and successors in title. The overage will be triggered by the sale with or implementation of planning permission for a use other than agriculture or forestry.
Property information pack CD
A property information pack cd is available upon request from the selling agent.
Viewing of the land is without appointment and can be at any reasonable time with possession of these particulars.
Property ref: 121_1822_4084457
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