Land for sale

Sutton-on-Trent, Newark, Nottinghamshire, NG23 6PH

Guide Price

£40,000

  • Status: FOR SALE SOLD UNDER OFFER
  • First Marketed: Aug 2021
  • Removed: Feb 2022
  • 5.27 acres

Residential Tags: N/A

Property Tags: Equestrian

Land Tags: Mineral Potential, Overage / Clawback, Paddock

Summary Details

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  • First Marketed: Aug 2021
  • Removed: Feb 2022
  • Residential Tags: N/A
  • Property Tags: Equestrian
  • Land Tags: Mineral Potential, Overage / Clawback, Paddock
PRICE GUIDE - EACH LOT £40,000. Grass paddocks for sale in 3 lots, each for sale with frontage to Carlton Lane and Conveniently situated to the village for horse or pony management.

The land is level with a hedgerow frontage. Purchasers will be required to fence the new northern boundaries and where necessary create access to Carlton Lane.

Schedule of areas:

Lot 1 - 1.94 acre
Lot 2 -1.63 acre
Lot 3 - 1.7 acre

Services - There are no services and no water connected.

Tenure - The land is freehold and offered with vacant possession on completion of the sale. Purchasers should be in a position to complete the sale by 15th October 2021.

Overage Agreement - Purchasers will enter into an Overage Agreement providing for a payment of 33.33% of the uplift in value between agricultural land value and development land value in the event of Planning Permission granted for mineral extraction, oil extraction, residential or commercial property development. The period of the Overage Agreement shall be 50 years. Development of agricultural buildings and equestrian buildings is exempt from the overage.

Viewing - Strictly by appointment with the selling agents.

Plan - A plan is attached to these particulars for identification purposes.

Rural Payment Agency - The land is registered under the stewardship scheme and the vendors are prepared to request a transfer of the entitlements.

Informal Tender - Lots 1,2 & 3 are offered for sale by informal tender and we are inviting offers with a closing date Friday 10th September 2021. Purchasers should be in a position to complete the sale by 15th October 2021.

Price Guide £40,000 each lot.

Informal Tender Procedure - We are inviting best and final offers in writing to reach this office no later than Friday 10th September 2021. Offers should be in a sealed envelope addressed to Richard Watkinson & Partners, 35 Kirkgate, Newark, Nottinghamshire, NG24 1AD with the envelope clearly marked with the Lot number(s).

Proof of funding will be requested before an offer is accepted subject to contract. Offers should be for a fixed amount and subject to contract.

The Vendors shall not be bound to accept the highest offer or any offer. Legal completion is anticipated 15th October 2021.

Additional Lots - The Farming Enterprise is relocating to Cumbria. Additional land is available. A Schedule of Lots is listed below on which individual sale particulars and plans are available.



Marketed by: Richard Watkinson & Partners, Newark

Land Registry Data

  • No historical data found.
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