About this property

Detailed Description

Lot three comprises three attractive parcels of grazing land
with frontage to the Wymondham Road. The meadows are
classified as permanent pasture but there may be scope
to revert them to arable use, subject to the necessary
Environmental Impact Assessment Screening decision, which
has been granted in the past.

The meadows are stock fenced and enclosed by mature
hedges. They have an independent mains water supply
feeding a number of water tanks.

The meadows have been occupied under a grazing licence, an
arrangement that could be continued for ease of management.
The land is subject to overage agreements - Part of the land in lot three (field number NG 2286) is subject
to an Overage Deed dated 21st September 2022 for an Overage
Period of 25 years. Under the terms of the overage 50% of any
uplift in value attributed to a planning permission would be
payable to the Trustees of the Wreningham Fuel Trust.
The balance of lot three will be sold subject to an Overage
agreement for 30 years under which 30% of any uplift in value
attributable to a planning permission for a change of use
from agriculture will be payable to the Vendors. The overage
payment will be due on the sooner of the implementation of
the planning permission or the sale of the site subject to the
planning permission.

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.