Offers in excess of £150,000
Land at Mares Close
The land at Mares Close extends to approximately 5.35 hectares (13.21 acres). The land is newly fenced and sectioned into twelve paddocks currently used for horse grazing.
The land at Mares Close extends to approximately 5.35 hectares (13.21 acres) of grassland that is currently used for grazing horses.
The land is split into twelve paddocks by new fences consisting of post and rope style electric fence, along with a small section of post and rail near the gravelled hardstanding area.
Along the western boundary of the land runs the East Coast Mainline however, this is securely fenced and shielded by mature hedges and trees.
The land is also situated in Seaton Delaval’s designated green belt area.
Vehicle access to the field is along a track from the council adopted road which the public walk along to reach the public footpath at the gate marked ‘X’ on the plan attached to the back of this brochure. The tack and public footpath is included in the ownership of this property and must be kept clear and accessible at all times to the public.
There is a mains water pipe that runs adjacent to the lands western boundary. On completion the purchaser is allowed to make their own water connection. There are no other services to the land.
The Vendor will retain the right to maintain this water pipe which services the neighbouring land excluded from this sale.
Easements, Wayleaves and Rights of Way
The property is sold subject to and with the benefits of all rights of way, water drainage, water courses and other easements quasi or reputed easements and rights adjoining owners (if any) affecting the same and all existing and proposed wayleaves and other matters registered by any competent authority subject to statue.
Tenure and Possession
The property is offered freehold with vacant possession on completion of legal sales contracts.
Development Clawback Agreement
There is an overage provision on the land which is in place for 50 years starting March 2011. If planning permission is granted on the Property for any development for non-agricultural or non-equestrian use then an overage payment is due. The payment will equates to 50% of the clawback sum which is any enhancement in value resulting from planning permission over the value of the Property in its current
The Vendor will add an additional overage provision to the land on completion of legal sales contacts, this will be in place for 50 years and will equate to an additional 25% of the clawback sum (on top of the existing clawback) which will also be for any enhancement in value resulting from planning permission over the value of the Property in its current use.