About this property

Detailed Description

DESCRIPTION

The land off Fen Street offers purchasers the opportunity to acquire a parcel of productive arable land comprising two fields with a good access and long-term development potential, subject to planning.

The land is all of good quality being Grade 3 and identified by Soil Survey of England & Wales as Burlingham 1 Series being a deep coarse and fine loamy soil with a slowly permeable sub-soil considered suitable for cereals, peas, beans and sugar beet.

The land is located to the west of the centre of the village of Old Buckenham, approximately 4 miles south of Attleborough and 20 miles south west of the Cathedral City of Norwich.

The What3Words reference for the access to the land is: ///risk.science.perplexed

PAST CROPPING

2021 - Winter Wheat
2022 - Spring Barley
2023 - Winter Wheat
2024 - Oilseed Rape
2025 - Winter Wheat

METHOD OF SALE

The property is offered for sale by private treaty as a whole.

TENURE & POSSESSION

The property is offered for sale freehold with vacant possession upon completion.

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.

AGENTS NOTE

The land is to 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.

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.

VIEWING

By appointment with the selling agents Brown & Co. Please contact Sarah Lucas.