Commercial Property for sale

Land at High Beaumont Hill Far, Coatham Mundeville, Darlington, Durham

Sold STC POA

Property Description

Full description

▪ Land on the immediate outskirts of Darlington with strategic development potential ▪ Road frontage ▪ Mains water ▪ In all approximately 7.45 hectares (18.41 acres) • Offers invited in the region of £20,000 per acre

The Area
The land is situated off Burtree Lane and less than half a mile off the A167 to the immediate north of Darlington. The land benefits from its proximity to both Darlington and the A1(M).

The Property
The property comprises grassland extending in all to approximately 7.45 hectares (18.41 acres), as edged red on the plan within these particulars.

The property benefits from road frontage onto Burtree Lane

Property ref: 121_1601_4194277

Planning 
The land is strategically situated meaning it could be viable for residential development within the short to medium term, subject to planning.

Method of Sale 
1. Purchase price in excess of £20,000 per acre
2. Offers to be made on the basis of a 25 year clawback being included (as detailed below under Clawback) with offers invited for a clawback percentage of in excess of 25%
3. Any prospective purchaser should submit their offer to the Wolsingham office of George F White.

Tenure & Possession 
The property is offered for sale freehold with vacant possession upon completion.

Services 
There is a mains water service on the land from an independent Northumbrian Water meter. The water has been disconnected and the purchaser would need to make enquiries with Northumbrian Water Limited to reconnect the supply.

Basic Payment Scheme 
The land will not be sold with Basic Payment Scheme entitlements; however these are available by separate negotiation with the price for the entitlements being market value.
The vendor has claimed the 2016 Basic Payment and 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.

Schemes & Designations 
The subject property is within a nitrate vulnerable zone.

Third Party Rights & 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, the 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.
There is an overhead electric line on lattice towers running across the land. It is understood that this line is retained on the property by virtue of a wayleave agreement for which an annual payment is made by Northern Power grid.

Clawback 
The purchaser will enter into a clawback for a term of 25 years from the date of completion to the benefit of the vendor and their successors in title. The purchaser will make their offer on the basis of a clawback percentage of in excess of 25%. The clawback will be triggered by the granting of planning permission for a use other than agriculture, forestry or equestrian.

Farm Business Tenancy 
The vendor would be interested in renting the land from the purchaser after completion. The tenancy would be a Farm Business Tenancy on terms and rent to be agreed by separate negotiation.

Viewings 
Viewing of the land is without appointment and can be at any reasonable time with possession of these particulars.

More information from this agent

Nearest stations

  • North Road (2.2 mi)
  • Heighington (2.3 mi)
  • Darlington (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

George F.White, Wolsingham

8 Front Street, Wolsingham, DL13 3AA

01388 334704 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • North Road (2.2 mi)
  • Heighington (2.3 mi)
  • Darlington (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

George F.White, Wolsingham

8 Front Street, Wolsingham, DL13 3AA

01388 334704 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4194277. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by George F.White, Wolsingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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