Land at High Beaumont Hill Far
Land on the immediate outskirts of Darlington with strategic development potential Road frontage Mains water In all approximately 7.45 hectares (18.41 acres) Offers invited in the region of 20,000 per acre
The land is situated off Burtree Lane and less than half a mile off the A167 to the immediate north of Darlington. The land benefits from its proximity to both Darlington and the A1(M).
The property comprises grassland extending in all to approximately 7.45 hectares (18.41 acres), as edged red on the plan within these particulars.
The property benefits from road frontage onto Burtree Lane
The land is strategically situated meaning it could be viable for residential development within the short to medium term, subject to planning.
Method of Sale
1. Purchase price in excess of £20,000 per acre
2. Offers to be made on the basis of a 25 year clawback being included (as detailed below under Clawback) with offers invited for a clawback percentage of in excess of 25%
3. Any prospective purchaser should submit their offer to the Wolsingham office of George F White.
Tenure & Possession
The property is offered for sale freehold with vacant possession upon completion.
There is a mains water service on the land from an independent Northumbrian Water meter. The water has been disconnected and the purchaser would need to make enquiries with Northumbrian Water Limited to reconnect the supply.
Basic Payment Scheme
The land will not be sold with Basic Payment Scheme entitlements; however these are available by separate negotiation with the price for the entitlements being market value.
The vendor has claimed the 2016 Basic Payment and the contracts of sale will oblige the purchaser to sign an indemnification that they will maintain the land in good agricultural and environmental condition and follow the Basic Payment Scheme cross-compliance regulations. Further to this, the indemnification will also hold the purchaser liable should the vendor be penalised for breach of cross-compliance.
Schemes & Designations
The subject property is within a nitrate vulnerable zone.
Third Party Rights & Restrictions
The property is sold subject to and with the benefit of all rights of way, water, drainage, water courses and other easements, quasi or reputed easements, the rights of adjoining owners, if any, affecting the same, and all existing and proposed wayleaves or other matters registered by any competent authority subject to statute.
There is an overhead electric line on lattice towers running across the land. It is understood that this line is retained on the property by virtue of a wayleave agreement for which an annual payment is made by Northern Power grid.
The purchaser will enter into a clawback for a term of 25 years from the date of completion to the benefit of the vendor and their successors in title. The purchaser will make their offer on the basis of a clawback percentage of in excess of 25%. The clawback will be triggered by the granting of planning permission for a use other than agriculture, forestry or equestrian.
Farm Business Tenancy
The vendor would be interested in renting the land from the purchaser after completion. The tenancy would be a Farm Business Tenancy on terms and rent to be agreed by separate negotiation.
Viewing of the land is without appointment and can be at any reasonable time with possession of these particulars.