Property Summary


Guide Price £125,000

  • 12.54 Acres

Land At Tudhoe Lane - Lot One

Spennymoor, County Durham

    Key Features

  • 5.07Ha (12.54Ac) of good quality grassland
  • Development potential, subject to all consents being permitted
  • Ideal for agricultural or equestrian use
  • Set in a popular Village location
  • Well fenced with convenient access points

CLOSING DATE 13.12.2019 AT 13:00 5.07Ha (12.54Ac) of good quality grassland which is ideal for agricultural or equestrian use and is well fenced with convenient access points.

CLOSING DATE 13.12.2019 AT 13:00

The land at Tudhoe Lane presents an exciting opportunity to acquire a block of well fenced, good quality grassland with excellent access points which extends to approximately 5.07Ha (12.54Ac). Suited to a wide variety of purchasers including those with an interest in farming and agriculture, or those with an equestrian interest. The property may also offer an exciting opportunity for residential development, subject to any buyer performing their own due diligence with regards to any necessary consents.

Tenure
The property is offered for sale freehold upon completion.

Basic Payment Scheme
The land is sold with 5.07 entitlements to receive payment under the Basic Payment Scheme. Details of previous claims are available upon request.

The Vendor has claimed the 2019 Basic Payment but will undertake to transfer the entitlements to the Purchaser(s) in accordance with the regulations of the scheme following completion of the sale. The transfer of the entitlements will be co-ordinated by the Vendor’s Agent with a fee of £360.00 including VAT per lot being payable by the Purchaser(s).

Environmental Stewardship
The land at Tudhoe Lane is not currently entered into any Environmental Stewardship or Countryside Stewardship schemes.

Sporting Rights
It is understood that the sporting rights are included in so far with the sale of the land at Tudhoe Lane.

Mineral Rights
It is understood the mineral rights to the property are included in so far with the sale and a previous coal covenant has been released in 2010.

Boundaries
The boundaries of the property are shown edged red on the plan enclosed within these particulars, this is for illustrative purposes only.

Services
It is understood that the Property has a natural water supply.

Wayleaves, Easements & Rights of Way
The property is sold subject to and with the benefit of all rights of way, water, drainage, watercourses and other easements, quasi- or reported easements and other rights of adjoining owners, if any, affecting the same and all existing or proposed wayleaves or other matters registered by a competent authority subject to statute.

Clawback
The land is sold subject to a development clawback of 50% of any uplift in value for a period of 50 years, from the date of completion.

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