Land Off Heath Lane, Lenwade, Norwich, Norfolk, NR9 5PF

Productive arable land

Detailed Description

DESCRIPTION
Forming part of a wider field the gently undulating land at Lenwade offers purchasers the rare opportunity to acquire a versatile block of productive arable land on the edge of the village of Lenwade.

Access to the property is directly from Heath Road.

The field is all good quality Grade 3 land forming part of the Burlingham 1 series being a deep coarse and fine loamy soil with slowly permeable subsoils and slight seasonal waterlogging.

Located to the west of the village of Lenwade, which hosts local services including village shop, hall and public house, the land offers prospective purchasers the opportunity to acquire an interesting long term strategic opportunity, subject to planning.

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GENERAL REMARKS & STIPULATIONS:
METHOD OF SALE
The property is offered for sale by private treaty as a whole.

TENURE & POSSESSION
The property is offered for sale freehold, subject to a Farm Business Tenancy. Vacant possession will be available on the 6th October 2027.

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.

TOWN & COUNTRY PLANNING
The purchaser/s will be deemed to have full knowledge and have satisfied themselves as to any planning matters that may affect the property.

BASIC PAYMENT SCHEME
The Land is registered with the Rural Payments Agency; however, no BPS Entitlements are included with the sale. The owner will receive and retain any future delinked payments from the land.

OUTGOINGS
All outgoings will be apportioned on completion.

SPORTING, MINERAL & TIMBER
These are included in the sale so far as they are owned, subject to statutory exclusions.

WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The land is sold subject to and with the help and benefit of all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements and all wayleaves whether referred to or not in these particulars.

VALUE ADDED TAX
Should any sale of the land or right attached to it become a chargeable supply for the purpose of VAT, such tax shall be payable by the purchaser in addition to the contract price.

TOWN & COUNTRY PLANNING
The purchaser/s will be deemed to have full knowledge and have satisfied themselves as to any planning matters that may affect the property.

OVERAGE
The land is sold subject to an overage for 30-years at 30% of the increase in the site value due to a planning permission for development, or a later revised or varied planning permission which increases the value.

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.

AGENT'S NOTE
The northern boundary is currently open but will be marked on site.