Earles Farm

Horringer, Bury St. Edmunds, Suffolk, IP29 5PS

Guide Price

£500,000

  • Status: FOR SALE SOLD UNDER OFFER
  • First Marketed: Jan 2022
  • Removed: Date Not Available
  • 12 acres

Residential Tags: N/A

Property Tags: Caravan storage, Class Q, Development Potential, Equestrian

Land Tags: Building Plot, Farm Business Tenancy, Overage / Clawback, Paddock, Pasture Land

Summary Details

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  • First Marketed: Jan 2022
  • Removed: Date Not Available
  • Residential Tags: N/A
  • Property Tags: Caravan storage, Class Q, Development Potential, Equestrian
  • Land Tags: Building Plot, Farm Business Tenancy, Overage / Clawback, Paddock, Pasture Land
A rare opportunity to purchase 4.9 ha (12 acres) and a barn with planning permission for residential use on the edge of Horringer, Bury St Edmunds, Suffolk.

Location

The property lies to the east of the village of Horringer near Bury St Edmunds.

Description

Extending in total to 4.9 ha (12 acres) Earles Farm comprises of a potential building plot, barn with planning permission under Class Q for residential use, grazing land and former farm buildings currently used for equestrian and livestock purposes, together with a caravan storage field.

Available as a whole or in three lots.

Lot 1

Extending to 0.6 ha (0.14 acres) land with hope value for a building plot within the settlement boundary.

Lot 2

Extending to 0.07 ha (0.18 acres) a single storey barn with planning permission under Class Q for residential use. Planning Application Number DC/21/1724/P3QPA. Prior approval application under Part 3 of the Town and Country Planning (General Permitted Development) (Amendment and Consequential Provisions) (England) Order 2015 - (A) Change of Use of agricultural building to dwelling house (Class C3) to create one dwelling (B) associated operational development.

There is the potential for a purchaser of Lots 1 and 2 to amend the design and layout through a detailed planning application.

Lot 3

Extending to 4.7 ha (11.69 acres) comprising of the following: -

Caravan storage field with Certificate of Lawfulness for 35 pitches generating approximately £6,000 per annum on informal agreements. There is the potential to generate up to £12,000 per annum.

A range of former pigsties and stables currently used for general storage, livestock, stables, feed room, tack rooms.

Six grazing paddocks with the benefit of posts with either rails or electric fencing.

The stables and grazing paddocks are currently let on informal agreements generating £9,000 per annum.

Services

Mains electricity single phase and mains water are connected to the buildings in Lots 2 and 3.

Basic Payment Scheme

The land is not registered with the Rural Payments Agency and has no Entitlements.

Rights of Way and Easements

The property will be sold subject to, and with, the benefit of all existing wayleaves, easements, covenants and rights of way whether mentioned in these particulars or not. It should be noted there is a right of way over a gated access from Sharps Lane to Lots 1, 2 and 3 as coloured blue on the sale plan.

Timber, Sporting & Minerals

To be included in the sale, so far as they are owned.

Local Authority

The property falls within the administration of West Suffolk Council, West Suffolk House, Western Way, Bury St Edmunds IP33 3YU.

Planning

Planning Application Number DC/21/1724/P3QPA. Prior approval application under Part 3 of the Town and Country Planning (General Permitted Development) (Amendment and Consequential Provisions) (England) Order 2015 - (A) Change of Use of agricultural building to dwelling house (Class C3) to create one dwelling (B) associated operational development.

The land hatched on the site plan extending to approximately 0.97 ha (2.4 acres) was confirmed in the October to December 2020 West Suffolk Local Plan Issues and Options Call for Sites Reference WS1039.

Overage Position

The land hatched on the site plan extending to approximately 0.97 acres will be sold subject to an overage provision reserving to the seller 30% of the net uplift in value resulting from the grant of planning consent for residential development. The overage will be triggered on grant of consent and will be payable on commencement of development, or on the sale of the property (whichever is sooner). The overage will be for a period of 25 years.

Plans, Areas & Schedules

Any areas, measurements or distances referred to are given as a guide only. If such details are fundamental to a purchase, purchasers must rely on their own enquiries.

Boundaries

The vendor and their agent will do their best to identify the ownership of the boundaries, hedges, fences and ditches but will not be bound to determine these. The purchaser will have to satisfy themselves and rely on their own enquiries as to the ownership of any boundaries.

Tenure

The land is offered for sale freehold but is subject to a farm business tenancy which may be terminated with effect from 29th September 2022, or earlier by agreement.

Method of Sale

The land is available as a whole or in three lots.

To make an appointment to view this property please call us on[use Contact Agent Button].

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Further information

If you would like more information on this property, please contact:

Martin Freeman

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Or

Libbey White

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Marketed by: Fenn Wright, Colchester Commercial

Land Registry Data

  • No historical data found.
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