Land for sale

A rare opportunity to purchase a valuable parcel of land adjacent to the Riverside Industrial Estate, between Fazeley and Two Gates and close to Tamworth town centre.

TRAVELLING DISTANCES
Travelling Distances:
Tamworth 2 miles
Lichfield 7 miles
Atherstone 7 miles
Sutton Coldfield 8 miles
Birmingham 15 miles

LOCATION
The land is located on the B5404 Watling Street (the former A5) about ¼ mile east of the roundabout in the centre of Fazeley. The land is in Fazeley Parish and within Lichfield District, although borders the River Tame, which is the Tamworth Borough boundary.

DESCRIPTION
This valuable parcel of land has good frontage to the main road with well defined boundaries to the River Tame on the eastern side, Coventry Canal embankment to the northern side and the Riverside Industrial Estate to the western side. The land comprises a level and regular shaped field currently in grass with a wide belt of woodland along the riverside boundary. It is currently used for grazing and mowing but in the past has been used for market gardening. It would be suitable for other uses (possibly sport or recreation) subject to planning permission.

The land has frontage to the B5404 but the primary access is via Riverside Industrial Estate to a gate in the north western corner.

The land extends to approximately 10.14 acres in total, with 7.14 acres of pasture and 3 acres of woodland.

PLANNING STATUS
The land is within Lichfield District and is designated as Green Belt. It is outside the development boundary for Fazeley and is within a high flood risk area (flood zone 3) on the Environment Agency flood risk maps, so there is unlikely to be any immediate prospect of large scale development on the land. In the agent’s opinion however the land does have some long term potential for development, subject to resolving the flood risk.

OVERAGE
The land will be sold subject to an overage clause reserving 25% of any uplift in value attributable to residential or commercial development for a period of 30 years from the date of completion. Please note that agricultural, equestrian or sports field development will not trigger the overage.

BASIC PAYMENT SCHEME
The land is registered on the Rural Land Register with the Rural Payments Agency. An appropriate number of Basic Payment Scheme Entitlements will be available for purchase from the vendor subject to negotiation, for eligible purchasers who want to use the land for agriculture.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
There are no public footpaths or private rights of way crossing the property. There is an easement for an electricity line across the property, part of which runs underground and part is overhead. This is understood to be an easement and no annual payment is made.

SERVICES
There are no mains services connected to the land as far as we are aware, but mains electricity and water connections are likely to be readily available close by.

WOODLAND
The woodland along the riverside was planted under a forestry and woodland scheme which has now expired and there are no ongoing management requirements. A felling licence for the whole of the woodland has been granted to enable clear felling to take place, should the purchaser wish to benefit from the timber value. The woodland is not subject to a preservation order.

TENURE AND POSSESSION
The land is available freehold with vacant possession upon completion. The fishing rights on the river are currently let to a third party but vacant possession will be provided prior to completion.

VIEWING
Please contact Tori Whinder on 01530 877977 (option 2)/tori.whinder@howkinsandharrison.co.uk or Philippa Dewes on 01827 721380/philippa.dewes@howkinsandharrison.co.uk to arrange a viewing.

LOCAL AUTHORITY
Lichfield District Council: 01543 308000
www.lichfielddc.gov.uk

PLAN, AREA AND DESCRIPTION
The plan, area and description are believed to be correct in every way but no claim will be entertained by the vendor or their agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only.

ANTI MONEY LAUNDERING
Under the money laundering directive (S12017/692) we are required by HMRC to obtain full identification from the buyer (e.g. photo ID and recent utility bill as proof of address). If you submit an offer for the property please be aware of this and have the information available.