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Development Site with Equestrian Potential, Cossall Road, Trowell, Nottingham, Nottinghamshire, NG9 3PG

4.02 hectares, (9.93 acres)

£660,000

Planning permission to create four residential units, the redevelopment of the existing farmhouse along with 3.21 hectares (7.93 acres) of paddock land.

DESCRIPTION
The property has planning consent for the development of four residential dwellings (conversion and extension of existing agricultural buildings), in addition to an existing farmhouse which requires full renovation. Once fully developed the site will comprise of five residential units extending to approximately 0.81 hectares (2.00 acres) with an additional 3.21 hectares (7.93 acres) of paddock land surrounding the property. In its entirety the site extends to 4.02 hectares (9.93 acres). Access is available directly from Cossall Road.

The site will create a premium rural development, with equestrian pot…

Planning permission to create four residential units, the redevelopment of the existing farmhouse along with 3.21 hectares (7.93 acres) of paddock land.

DESCRIPTION
The property has planning consent for the development of four residential dwellings (conversion and extension of existing agricultural buildings), in addition to an existing farmhouse which requires full renovation. Once fully developed the site will comprise of five residential units extending to approximately 0.81 hectares (2.00 acres) with an additional 3.21 hectares (7.93 acres) of paddock land surrounding the property. In its entirety the site extends to 4.02 hectares (9.93 acres). Access is available directly from Cossall Road.

The site will create a premium rural development, with equestrian potential and excellent links to Nottingham and the surrounding road network.

LOCATION
The property is located off Cossall Road, 5 miles west of the city of Nottingham, 4 miles south east of the town of Ilkeston and 0.5 miles north of the village of Trowell. The nearest postcode is: NG9 3PG.

EQUESTRIAN POTENTIAL
The property has the potential to be a premium equestrian unit benefitting from 3.21 hectares (7.93 acres) of paddock land accessible directly from the development. Additional land is available via separate negotiation.

EXISTING FARMHOUSE
Field House Farmhouse is a detached three bedroom residential property standing within its own gardens and residential curtilage. The property is in need of full renovation and benefits from vacant possession.

PLANNING PERMISSION
Planning permission was granted on 25th April 2019 for the construction of four residential dwellings comprising of three conversions of existing agricultural buildings and the conversion and extension of 1 agricultural building together with garaging and visitor car parking. Broxtowe Borough Council reference number is: 18/00865/FUL. A copy of the decision notice and planning application documents are available from the selling agent upon request.

TENURE & POSSESSION
The property is freehold and vacant possession will be given upon completion.

METHOD OF SALE
The property is offered for sale by Private Treaty as a whole. Offers should be sent to Brown & Co, 6 Market Place, Brigg, North Lincolnshire DN20 8HA. If you have any queries, please do not hesitate to contact the Brown & Co Brigg office. The vendor reserves the right to conclude the sale by an alternative method, at their discretion.

The buyer will be required to exchange contracts within 28 working days of receipt by the buyer's solicitor of a draft contract, with completion by arrangement. A 10% deposit will be payable on exchange on contracts.

OVERAGE

Development Land
An overage clause will be applied for 30% of any uplift in value for period of 40 years for any additional planning consents for non-agricultural use, granted over and above the original consent (in the area shaded orange on the plan at the back of these particulars) granted by Broxtowe County Council on 25th April 2019 under application reference 18/00865/FUL.

For the avoidance of doubt the overage will be calculated from a base point of 5 dwellings (the existing farmhouse plus planning permission granted under 18/00865/FUL for 4 conversions).

Paddock Land
The 3.00 hectares (7.41 acres) of land (shaded in green on the plan at the back of these particulars) is also being sold subject to an overage clause of 30% for 40 years of any uplift in value as a result of planning consent being granted for any non-agricultural use other than equestrian.

The trigger point for the two overages described above will be the grant of planning consent.

SERVICES
For the existing farmhouse only, mains water is supplied by a private pipe, mains electricity is connected, and domestic foul drainage is by a private system.

FIXTURES & FITTINGS
All fixtures and fittings are excluded from the sale unless specifically referred to in these particulars.

SPORTING RIGHTS AND MINERALS
These are included in the sale so far as they are owned, subject to statutory exclusions.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
The property 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.

A right of way exists benefitting the adjoining bungalow along the entrance from Cossall Road into the development site (for approximately 50m), this right of way is for the purposes of travelling to and from the property either by vehicle or foot. There is also a designated parking area for the bungalow. More details on the right of way are available from the selling agent.

The vendor will reserve a right of way through the site, for all purposes at all times to gain entry to their retained land. Approximate access points are marked A & B on the plan at the rear of these particulars.

OUTGOINGS
The existing farmhouse is in Council Tax Band F and £2,926.60 is payable to Broxtowe Borough Council for the 2019/20 year.

LOCAL AUTHORITY
Broxstowe Borough Council, Town Hall, Foster Avenue, Beeston, Nottinghamshire, NG9 1AB
Telephone: 01159 177777

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

PLANS, AREAS AND SCHEDULES
These have been prepared as carefully as possible and are based on the Ordnance Survey National Grid 1:2,500 and 1:10,000 scale plans. The plans are published for illustrative purposes only and although they are believed to be correct, their accuracy is not guaranteed.

DISPUTES
Should any dispute arise as to the boundaries or any point arising in these Particulars, schedule, plan or interpretation of any of them the question shall be referred to the arbitration of the Selling Agent, whose decision acting as expert shall be final. The Buyer shall be deemed to have full knowledge of all boundaries and neither the Vendor nor the Vendor's Agents will be responsible for defining the boundaries or the ownership thereof.

VIEWING
Viewings are by prior appointments only with the selling agent. It is intended that open viewing days will be undertaken, please contact the selling agents for further details.

HEALTH AND SAFETY
The property is a development site with redundant buildings and therefore viewers should be careful and vigilant whilst on the holding. Neither the Vendor nor the Selling Agents are responsible for the safety of those viewing the property and accordingly those viewing the property do so at their own risk.

ANTI MONEY LAUNDERING LEGISLATION
In accordance with the most recent Anti Money Laundering Legislation, buyers will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

SELLING AGENTS
James Walton | james.walton@brown-co.com | 07920 496350
Anita Riggall | anita.riggall@brown-co.com | 07966 597930

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