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Land, in Land At Castle Farm, £1,500,000
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Land

Land At Castle Farm, Ongar, Essex CM5
Land Planning
£1,500,000

Our Summary

  • Long-term development potential or for Natural Capital buyers
  • A productive block of arable land with long-term development potential or environmental opportunities
  • OVERAGE: Castle Farm is being sold subject to a 20% overage for a term of 20 years, to be triggered by the approval of planning permission (or deemed planning permission) or permitted development rights for any development other than agricultural or equestrian use, payable within 1 month of the implementation of such relevant permission

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Description

The property is a 146.47-acre arable farm at Castle Farm, comprising three large arable fields and a grassland meadow, with 12.67 acres of woodland incorporating a Motte and Bailey Castle. The farmland is classified as Grade 3 and has well-drained silty soils over gravel, suitable for cereal cropping. The land is currently in arable production, with a rotation of winter cereals and break crops, and is managed under a Farm Business Tenancy (FBT) agreement.

The property is bounded by the River Roding to the east and the A414 to the north, with two small blocks of broadleaved woodland to the north and east.