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Land for sale

Old Costessey, Norwich, Norfolk, NR8

Under Offer 13.4 ac. | £130,000

Property Description

Commercial information

  • 13.5 acres (5.4 hectares)

Key features

  • Arable Land in Wensum Valley
  • 13.46 acres (5.447 hectares)
  • Well shaped parcel of land
  • Good location
  • Pleasant Amenity

Full description

Tenure: Freehold

Agricultural land on the edge of a popular village close to Norwich

Location

The land is situated to the North East of the village of Old Costessey, itself within 5 miles of the city of Norwich, the principal settlement of Norfolk. The River Wensum is to the West of the land.

Description

Extending to around 13.62 acres (5.51 hectares) of arable ground in a single, well shaped parcel at the heart of the Wensum Valley. The land is classified as part of the Newport 4 Series comprising deep, well drained sandy soils suitable for growing combinable crops and sugar beet in rotation.

The land is gently undulating in keeping with the surrounding area with well established field boundaries formed by hedges and tracks. The proximity of the River Wensum provides pleasant amenity.

Use
The land is in arable production and has historically been farmed as part of a wider rotation, further details of which are available from the Vendor's agent.


Method of Sale
The property is offered for sale as a whole by Private Treaty.

Tenure and Possession
The property is sold Freehold with vacant possession on completion.

Exchange of Contracts and Completion
Contracts are to be exchanged within 20 working days of the issue of the draft contracts by the Vendor's solicitor. A 10% deposit will be payable on exchange of contracts with completion by agreement thereafter.

Minerals, Timber and Sporting Rights
In so far as they are owned by the Vendor, sporting, mineral and timber rights are included in the sale.

Basic Payment Scheme
The land is registered for the Basic Payment Scheme (formerly the Single Payment Scheme) and the Entitlements are included in the sale. The vendors will make reasonable endeavours to transfer the relevant Entitlements to the purchaser after completion of the sale. The 2016 Basic Payment will be retained by the Vendor's outgoing Tenant. The purchaser will indemnify the vendors against any breach of cross compliance from the date of completion to the end of the 2016 Scheme Year.

Ingoing Valuation
The purchaser(s) may, in addition to the purchase price, be required to takeover and pay for those items of tenant right including:

• Growing crops and other tillages, post harvest sprays and other acts of husbandry to include costs of all cultivations, chemicals and fertilisers in accordance with CAAV costings.

• Hay and straw at market value.

Tenant right shall be paid for immediately once the valuation is agreed with interest at 4% over Barclays Bank plc base rate at the date of valuation from exchange of contracts on to date of payment. Should the valuation not be agreed within four weeks of exchange of contracts, the matter will be referred to the decision of a single Arbitrator to be appointed by agreement or in the event of a dispute by the President of the Royal Institution of Chartered Surveyors.

Environmental Stewardship Scheme
The land does not form part of any Environmental Stewardship or Countryside Stewardship Scheme.

Easements, Covenants & Restrictions
The property is sold subject to, or with the benefit of, all existing wayleaves, easements, quasi-easements, rights of way, covenants and restrictions whether mentioned in these particulars or not.

Rights of Way
The land is accessed via a track from Clint Lane, which runs South East from The Street in Old Costessey and forms the South Western boundary of the land. Clint Lane is also a Bridleway. The Marriots Way, also a bridleway, runs adjacent to the North Eastern boundary of the Land.

Planning
The property is offered subject to any current or past development designation and policies, tree preservation orders, town planning schedules, applications, permissions and resolutions which may be or may come in to force.

Viewing
Viewing is permitted with the particulars in hand during daylight hours. If there are any points of particular importance to you or you have any queries, I would invite you to discuss this with us before or after travelling to the property. Please be careful and vigilant when making an inspection for your own personal safety.

Plans and Areas
Areas and schedules on the plans attached to these particulars are based on the OS National Grid and are for reference only. Purchasers must have satisfied themselves of the area.

Authorities

South Norfolk District Council
South Norfolk House, Cygnet Court, Long Stratton, Norwich NR15 2XE
Tel: 0808 168 2000

Norfolk Council Council
County Hall, Martineau Lane, Norwich, Norfolk NR1 2DH
Tel: 0344 800 8020


Acreage: 13.46 Acres

More information from this agent

Listing History

Added on Rightmove:
28 August 2016

Map & Street View

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