Wellsprings Farm

An excellent opportunity to purchase 52.18 acres of productive arable land with development potential.
CLOSING DATE FOR OFFERS WITH PROOF OF FUNDS: NOON ON TUESDAY 7TH MARCH.

The land comprises of 50.70 acres of productive arable land and 1.48 acres of woodland, totaling 52.18 acres. The land is split into three parcels with the boundaries being mature hedgerows. The land is currently let under a Farm Business Tenancy with a growing crop currently in the ground. This is due to end on 27th September 2023.

The land may have the potential for future development, subject to all necessary consents. The land lies directly adjacent to the large area of land allocated in the County Durham Local Plan as part of the Sniperley Park residential development scheme (designated as Allocation H5 in the Local Plan), a residential led scheme intended to deliver up to approximately 1,900 new homes. The land has road frontage providing access, on the west side. Planning applications have been submitted for the Sniperley Park scheme, but are yet to be determined.

Access
Access to the land is directly from the B6532 public highway.

Restrictive Covenant and Overage
The right to access the land to reasonably and sensitively maintain ditches and drains will be reserved by the seller. The seller may consider imposing an overage on sale subject to interest.

Tenure
The land is for sale freehold subject to a Farm Business Tenancy which is due to end on 27th September 2023. The agreement can be terminated giving not less than four weeks written notice. Compensation will be payable to the tenant for reasonable cultivations and seed and the repayment of a pro-rata apportionment of rent.

Mineral Rights
The mineral rights are excluded, reserved to 3rd party.

Method of Sale
The property is offered for sale as a whole by Private Treaty, offers are to be made by 7th March 2023 by completing the tender form attached to these particulars. The Seller reserves the right to amalgamate, withdraw or exclude any of the property shown at any time or to generally amend the particulars. Please register your interest with H&H Land & Estates.

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.