Land for saleOwer, Romsey
Guide Price £50,000
- 56.16 acres (22.72 hectares) of agricultural land and woodland.
- Predominantly pasture land.
- Agricultural investment opportunity.
- Subject to 999 year lease (977 years unexpired).
- Sporting rights reserved to freeholder.
A rare agricultural investment opportunity comprising approximately 56.16 acres (22.72 hectares) of agricultural land and woodland subject to a 999 year lease (977 years unexpired) at a peppercorn rent. Sporting rights are reserved out of the lease for the benefit of the freeholder.
The land is situated off the A36 Salisbury Road between Ower (east) and West Wellow (west) on (within) the northern boundary of the New Forest National Park.
The land extends to approximately 56.16 acres (22.72 hectares) and is predominantly pasture land together with two small copses situated on the eastern boundary.
TENURE & POSSESSION:
The land is being offered for sale on a freehold basis.
Approximately 55.96 acres (22.64 hectares) is subject to a 999 year lease to The New Forest Commoning Trust which commenced on 3 February 1994 and expires on 2 February 2993 (977 years unexpired). The passing rent is one peppercorn.
The land will be sold subject to the above lease with vacant possession granted on the 0.2 acres (approx.) of woodland not included within the lease.
The land will be subject to an overage reserving to the seller 35% of any uplift in market value to the freehold interest caused by the variation or termination of the 999 year lease, payable on any future disposal(s) of the land. The overage will endure for a maximum period of 30 years or until the 999 year lease has been extinguished following surrender or merger with the freehold interest.
It is understood the land is not subject to any agri-environment scheme agreements.
All sporting rights are reserved out of the lease to the freeholder and are included within the sale.
There are no services connected to the property.
It is understood mains water is available nearby in Salisbury Road and prospective buyers are advised to make their own enquiries as to the availability and cost of connection to mains water (if desired).
RIGHTS OF WAY:
The land is not subject to any public rights of way; however, an oil pipeline, high voltage overhead powerline and telecommunications cable cross the land.
The land is sold subject to and with the benefit of all matters contained in or referred to in the title deeds together with all public or private rights of way, wayleaves, easements and other rights of way affecting the property.
METHOD OF SALE:
The land is offered for sale as a whole by private treaty.
From Ower, proceed north-west on the A36 Salisbury Road towards West Wellow. The land can be found on the left hand side after approximately 1 miles identified by a Woolley & Wallis board.
Please do not obstruct the bus stop.
All viewings strictly by appointment arranged through our Farm & Rural Department.
Please note we are required to give the tenant 48 hours prior notice before conducting any viewings on the land.
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