Farm Land : Stansted

Lot 1 - 11.5 hectares (28.5 acres) of arable land located at Burton End, Stansted. 

 Available as a whole or in lots.

 Closing date for offer Friday 11th March 2022

Sold STC
Guide Price
£270,000

Description

Lot 1 - 11.5 hectares (28.5 acres) of arable land located at Burton End, Stansted. 

 Available as a whole or in lots.

 Closing date for offer Friday 11th March 2022

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A parcels of predominantly arable land having potential for a variety of amenity or other rural uses; 

11.5 Ha (28.5 acres) - Guide Price £270,000

Is arable land with a spinney of mature trees located to the western side of the field. Access is taken direct from Bury Lodge Road in the north east corner. 

 See our website for details on lot 2. 

Directions

The land is located to the north and south of Bury Lodge Lane, Burton End, Stansted. 

From the M11 junction 8 exit towards Stansted Airport. Follow the signs to the Stansted Business Park. Go straight onto Bury Lodge Road at the turning for Stansted Business Park. The parcel of land will be on your right after approximately 0.8 mile.

Tenure

The land is offered for sale Freehold. It is registered under title EX774554 There is a small portion of land on Lot one that is not registered with Land Registry but the vendor is in the process of having this registered with their solicitor. 

The land is currently let on a Farm Business Tenant (FBT). The FBT end date is 29th September 2024. The apportioned current passing rent is £3,420 per annum for lot 1.

Town & Country Planning

The land is located in the Uttlesford District and is currently designated as a Countryside Protection Zone in their 2005 adopted plan.  

Restrictive Covenants, easements and ROW

The land is sold subject to all existing covenants, easements and rights of way. 

Overage

The Property will be sold subject to overage.  The term of the overage will be 40 years.  The Vendor will reserve 25 % of any uplift resulting from implementable planning for uses other than horticulture, equestrian, forestry and agriculture.  Base value for calculating the uplift will be the value at the date of establishing the overage but in a no scheme world.  The overage will allow for multiple events however in that situation any overage already paid will be deducted.  The Purchaser will be entitled to deduct reasonably attributable planning costs and other professional fees associated with obtaining the implementable planning consent prior to applying the percentage.  The overage will be triggered by implementable planning consent but payable on implementation or sale.

BPS

The BPS entitlements are claimed and owned by the farming tenant.

Services

The land is not connected to any services. 

Boundaries, places and areas

The land is unfenced and the purchaser should make themselves aware of the boundaries of the property. 

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Rayleigh OFFICE  (FB)

For further information or to arrange to view this property please call us on 01268 783377 or email us.

© Whirledge & Nott 2022