Land Off The Street, Hickling, Norwich, Norfolk, NR12 0XX

1.64 hectares (4.06 acres) of arable land with potential for alternative uses, subject to planning permission.

BEST AND FINAL OFFERS INVITED - by 4pm on the 26th March 2025.


Detailed Description

DESCRIPTION
Conveniently situated within the village of Hickling this parcel extends to approximately 1.64 hectares (4.06 acres) with potential for alternative uses, subject to planning permission.

The land has access from the Street and the field boundaries are clearly defined by mature hedgerows and a fence to the east.

The land is classified as Grade 3 by the Provisional Agricultural Land Classification Sheet and identified as being part of the Gresham Series being described generally as a course loamy and clayey soil. It has formerly been cropped as part of an arable rotation.

GENERAL REMARKS & STIPULATIONS:

METHOD OF SALE
The property is offered for sale by private treaty.

TENURE & POSSESSION
The property is offered for sale freehold with vacant possession.

EXCHANGE OF CONTRACTS & COMPLETION
Exchange of contracts will take place within 21 days of receipt by the purchasers' solicitor of a draft contract with completion no later than 28 days thereafter. A deposit of 10% of the purchase price will be payable on exchange of contracts.

OVERAGE
The parcel will be sold subject to an overage agreement for 30 years under which 30% of any uplift in value attributable to a change of use from agriculture will be payable to the seller. The overage would be triggered on the sooner of the implementation of the planning permission or the sale of the site subject to the planning permission.

The value will be assessed at the date of planning permission and payable on the earlier of the commencement of the development or sale of the property, allowing the costs of obtaining the permission(s) as a deduction. The Base Value will be reassessed at the date of each trigger event.

VIEWING
By appointment with the selling agents Brown & Co.