About this property

Detailed Description

The property comprises approximately 24.86 acres (10.06 hectares) of Permanent Pasture land on the edge of the village of Carterton. It is included in a Residential Option Agreement with Crest Nicholson as part of a larger Option Area, offering a long term investment that has the potential to deliver significant increase in capital value if planning consent is obtained.

Location

The property is located in close proximity to the village of Carterton, approximately 3.6 miles south of Burford. The village is in a desirable location, with close proximity to the Cotswolds Area of Outstanding Natural Beauty and good access to Oxford. It is bordered on the eastern boundary by Shill Brook and bordered to the south by B4477. The property is placed equally between the M40 and the M4 which provide good links to the London, the North and the West.

Services

There are no services connected to the property.

Viewing

Viewing is strictly by appointment with the selling agent, Brown&Co.

Tom Birks - 01295 273555

Other

WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The land is offered for sale subject to all existing rights including rights of way, whether public or private, light, support, drainage, water, gas, electricity supplies, and mineral rights, easements, quasi-easements or wayleaves whether or not referred to in these particulars.

It is understood that there is a public footpath that crosses the property. The property is crossed by overhead electricity lines.

METHOD OF SALE & LOTTING
The property is for sale by Private Treaty as a whole or in two lots.

Lot 1 - Approximately 19.23 acres (as shown edged red on the plan) and can be accessed by Point A.
Lot 2 (SSTC) - Approximately 5.63 acres (as shown edged blue on the plan) and can be accessed by Point B.

OPTION AGREEMENT
The Vendor's have entered into an Option Agreement with Crest Nicholson over the land. The Option Agreement is for a period of five years plus a possible five year extension. The land is part of a larger Option area with additional landowners. The Purchaser is bound by the terms of the Option Agreement.

TENURE & POSSESSION
In order to facilitate future development, the pasture land was transferred into a Land Pool Trust together with other land. All this land is subject of the Option Agreement. The Vendors own a beneficial interest of all the land within the Trust and the relevant interest will be assigned to the purchaser.In order to facilitate future development, the pasture land was transferred into a Land Pool Trust together with other land. All this land is subject of the Option Agreement. The Vendors own a beneficial interest of all the land within the Trust and the relevant interest will be assigned to the purchaser.

Terms

DEVELOPMENT CLAWBACK
The Vendor reserves the right to receive 40% of any uplift in value in the event that planning permission is granted (payment on sale or implementation) for any use other than agricultural or equine, running for a period of 40 years from the date of completion.