Land for sale

Land at Colney Street

Radlett Road, Hertfordshire

Farm land situated in a prominent position just to the north of Radlett, to the south of the City of St Albans and within the M25 Motorway. The land can be used for a variety of leisure and amenity purposes including equestrian (subject to planning) and may offer long term development potential for investors.

An attractive parcel of land with a lovely secluded feel and in part bordering the River Ver. In all extending to approximately 11.712 hectares (28.94 acres). Access is directly onto Smug Oak Lane (What 3 Words taxi locate rocks).

Guide Price - £325,000.

The surrounding countryside is characterised by a mix of arable and grazing land, with numerous bridleways, riding schools and stables nearby.

Radlett - 1 mile

St Albans - 3 miles

London (Marble Arch) - 16 miles

Method of Sale

The freehold of the property is offered for sale by private treaty (in conjunction with another 3 lots). The sale may be concluded by requesting Sealed Bids.

Services

Water and electricity is available nearby subject to usual utility connection requirements.

Planning

The land is classified as Green Belt; please seek independent advice regarding any development opportunity. All the land has been submitted to St Albans District Council's 'call for sites'; to be included as possible development sites in the next Local Plan.

Tenure and possession

The land is subject to a Tenancy until 30 September 2021, but will be available with Vacant Possession thereafter.

Anti-Money Laundering (AML)

In accordance with the most recent AML legislation the purchaser will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract).

Overage Provision

The land is subject to an overage provision in favour of a previous owner reserving 30% of any increase in value accruing for planning permission for development; this will run until 19 December 2044.

Easements, Covenants and Rights of Way

The property is sold subject to all existing wayleaves, easements, public or private rights of way, covenants and restrictions, whether stated in these particulars or not. A footpath passes over the lot. There is Pre-Emption Agreement in place with Lafarge Redland Aggregates Limited that allows them to purchase any mines and minerals at the full market rate until 2094; this would be extinguished on the grant of any future planning permission.

Viewing

Strictly by appointment with the sole selling agent Weldon Beesly (Ref: Jack Panton or Tom Banks); although viewing can take place at any time from the footpath.

Health and Safety

We would ask that you be as vigilant as possible when making any inspection due to the undulating nature of the land.

Local Authority

St Albans District Council.