Property Summary


Guide Price £1,900,000

  • 208.62 Acres

Branch Details


Barnard Castle

01833 690390

barnardcastleresidential@georgefwhite.co.uk

14c, Harmire Enterprise Park, DL12 8BN

Land At Seaham Grange Farm

Stockton Road, Seaham, County Durham

An agricultural investment opportunity extending in total, including tracks, to approximately 84.43 Ha (208.62 Ac), comprising: 80.39 Ha (198.66 Ac) of arable land, 3.35 Ha (8.28 Ac) of Ancient Semi-Natural Woodland, 0.67 Ha (1.65 Ac) of permanent grassland and approximately 29.03 Ha (71.73 Ac) of land under an Option Agreement reflecting the farm's significant development potential.

Available by Separate Negotiation
Modern detached 3 bedroom farmhouse with garage. Modern agricultural building with grain drying facilities & 50kWh solar array.
Further information available upon request.

The Land
Seaham Grange Farm extends in total, including tracks, to approximately 84.43 Hectares (208.62 Acres). The land comprises predominantly arable land extending to 80.39 Hectares (198.66 Acres), approximately 0.67 Hectares (1.65 Acres) of permanent grassland, and Ancient Semi-Natural Woodland extending to approximately 3.35 Hectares (8.28 Acres). The agricultural land is included within a Higher Level Stewardship Scheme.

The arable land at Seaham Grange Farm is classified as Grade 3 sandy clay loam by DEFRA. The 2019 harvest season achieved impressive yields of circa 4t/acre for Winter Wheat, circa 4.5t/acre for Winter Barley and 1.7t/ac for Winter sown Oil Seed Rape.

The Durham Coast Railway Line runs along the eastern border of the property.

Access
The property benefits from five access points as depicted by the arrows shown on the site plan included within these particulars. Four of these access points are located off Stockton Road (the B1285 public highway) and one is located off Lord Byron's Walk at the Southern end of the property.

Woodland
Seaham Grange Farm benefits from a block of broadleaved Ancient Semi-Natural Woodland named Ryhope Dene. The Ancient Semi-Natural Woodland extends to approximately 3.35 Hectares (8.28 Acres) and is designated as part of Ryhope Dene Local Wildlife Site. This Lot would ideally suit those with an interest in agriculture and forestry.

Adjacent to the woodland is the Durham Coast Special Areas for Conservation, the Northumbria Coast Special Protection Areas and the Durham Coast Site of Special Scientific Interest. These designations highlight the importance of woodland habitats such as Ryhope Dene.
Ryhope Dene is a characteristic woodland in the area, being predominantly Ash, Elm and Sycamore tree species.

The woodland is included in a Woodland Management Plan which divides the woodland in to four manageable compartments.

Planning Context
The County Durham Plan is currently progressing through an examination in public to determine the ‘soundness’ of the Council’s proposed approach to locating new development and meeting future housing needs. It is anticipated for adoption in 2020 but may be subject to change following the examination dependant on the Inspector’s findings.

The site is not currently allocated in the plan and is located within the green belt. However, even if the plan is adopted in its current form, it is required to be reviewed every five years. Given the Government’s drive to encourage new house building, it is likely that in future new locations for housing will need to be sought and there will be further opportunities to promote this site as a location for sustainable development. The site is located on the fringe of the urban area with excellent access to employment, shops, services, facilities and transport routes.

Clawback
On the enclosed plan, the land extending to 84.43 Hectares (208.62 Acres), is sold subject to a clawback of 50% of any uplift in value from agricultural use for 50 years from the date of completion.

Option Agreement
Approximately 29.03 Hectares (71.73 Acres) of the Land is under an Option Agreement. Interested parties will be required to sign a Non-Disclosure Agreement to receive further information on the Option Agreement, signed in December 2017, for 3 periods totalling 15 years.

Once planning permission is secured, the Option land may be purchased by the Developer at 80% of the Market Value, subject to a minimum price of £200,000 per acre.

Rights and Easements
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 and 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 are “H” timber frame electricity poles crossing the southernmost field parcels with a wayleave agreement in favour of Northern Electric Distribution Limited. An annual wayleave payment is made to the owner. There are no public footpaths present at Seaham Grange Farm.

Sporting and Mineral Rights
The sporting rights are included with the sale insofar as they are owned. The mine and mineral rights are excepted. The rights to Magnesium Limestone are included.

Basic Payment Scheme
The vendor has claimed Basic Payment Scheme for the 2020 scheme year, therefore the purchaser(s) will be required to sign an indemnification that they will maintain the land in good agricultural and environmental condition and follow the rules of Basic Payment Scheme and Cross Compliance Regulations. Further to this indemnification, the vendor will hold the purchaser(s) liable should the vendor be penalised for any breach of Cross Compliance. The Basic Payment Scheme Non - SDA Entitlements will be included in the sale of the property.

Ingoing Valuation
In addition to the purchase price, the purchaser will be required to pay for any growing crops, including cultivations, seeds, fertilisers, sprays, lime, new leys and acts of husbandry at cost or market value (whichever is the higher) and any items normally paid for at ingoing.

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