About this property

Detailed Description

The property comprises 11.72 acres of Grade 4 bare arable land sloping eastwards with views to Burnham Market. According to the Soil Survey Map for England and Wales the land comprises soils of the Newmarket 2 Soil Association described as chalk and chalky drift with shallow well drained calcareous sandy and coarse loamy soils over chalk rubble considered suitable for growing cereals, sugar beet and beans. The land is currently fallow following completion of the 2023 harvest and remains in stubble. Arable farmland adjoins the property to the north and east, with a paddock and west with residential development nearby to the east at Burnham Market.

Location

The land is located to the north of Ringstead Road on the western edge of Burnham Market in North Norfolk. Access to the land is via an open entrance off Ringstead Road to the south.

The approximate postcode is: PE31 8JR

What3words: forklift.emperor.operating

Viewing

Viewings are by strict appointment only with the Selling Agents.

Other

METHOD OF SALE
The property is marketed for sale as a whole by Informal Tender with vacant possession available on completion. Tender documents are available upon request from the Selling Agents. Interested parties are encouraged to submit their completed tender forms by the deadline date being 12 o'clock noon on Monday 15th January 2024.

PLANNING
The property is situated within the Norfolk Coast Area of Outstanding Natural Beauty (AONB) being situated to the west of Burnham Market. The western edge of the development boundary for Burnham Market extends to the land nearby to the east and also to the south of the property, south of the Ringstead Road. The property offers potential for a variety of alternative uses subject to obtaining the necessary planning consents.

OVERAGE
The property is to be sold subject to an Overage Agreement with the Vendor to retain 30% uplift in value of the land (at the date of completion of the sale) in the event that Planning Permission/Permitted Development for non-agricultural or equestrian development. The valuation date will be the date of Planning Permission and the Overage will be effective for a period of 30 years from the date of Completion of the sale. The payment will be due upon the implementation of the Permission or a disposal with the benefit of the Permission.

ANTI-MONEY LAUNDERING LEGISLATION
In accordance with the most recent Anti Money Laundering Legislation, the Buyer(s) will be required to provide proof of identity and address to the Selling Agents' once an offer as been submitted and accepted (subject to contract) prior to Solicitors being instructed.

PLANS, AREAS & SCHEDULES These have been prepared as carefully as possible and are based on the Ordnance Survey scale plans and HM Land Registry. The plans are published for identification purposes only and are believed to be correct.