Land at Whitesmocks - Whole

An excellent opportunity to purchase an attractive block of grassland extending to 11.76 acres (4.75 hectares) as a whole or in two lots. For Sale by Public Auction at the Honest Lawyer, Croxdale Bridge, Durham, DH1 3SP at 3pm on Thursday 2 March 2023.

The land extends to approximately 11.76 acres (4.75 hectares) of grazing land split into two lots. Lot 1 (outlined in red on the plan) is 6.28 acres and Lot 2 (outlined in blue on the plan) is 5.48 acres. The boundaries are a mixture of hedges and post and wire fencing and the land is currently used for the grazing of horses.

Restrictive Covenant & Overage
In the event that the Buyer or their successors in title obtain planning consent to carry out any form of development (other than for agricultural or equestrian use) they will pay 50% of the net uplift in value to the Seller, or their successors. This provision will run for 30 years from the date of purchase and the trigger will be any implementation of planning permission, or a sale with its benefit.

Tenure
The majority of the land is for sale freehold, with vacant possession to be granted upon completion. A small part of the land, shown hatched blue on the plan, is for sale leasehold, with a term remaining until 2888. Full details will be available in the legal pack.

Mineral Rights
The mineral rights are excepted from the sale and owned by a third party.

Burdens
The property is sold subject to all rights including rights of way, whether public or private, rights of light, support, drainage and other rights, obligations and easements, quasi easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains and water, gas and other pipes, whether or not constituted in the title deeds or referred to in these particulars. The Buyers will be held to have satisfied themselves as to the nature of such burdens. Please see the auction legal pack for further details.