Sponsored Find a Solicitor — free quotes via ReallyMoving
Land
Next Steps
Sponsored — free quotes via ReallyMoving
Find a Solicitor
Land purchases need specialist legal advice — compare fees
Our Summary
- OVERAGE PROVISIONThe land is being sold subject to an overage clause, meaning that 25% of the uplift in value will be payable to the vendors over 25 years from the date of sale, and will be triggered by the implementation of, or sale with, planning consent for any residential development
Get alerted when similar properties are listed — Subscribe
Description
A 48.34-acre block of arable and grassland is available for sale in Middridge, a village located east of Shildon and northwest of Newton Aycliffe. The land is divided into four field parcels, with one being grass pasture and the others planted with winter barley. The land is classified as Grade 3 agricultural land and has a mixture of mature hedge and post-and-wire boundaries.
The vendor will retain the 2025 harvest and provide vacant possession thereafter, subject to an overage clause that will trigger a 25% payment to the vendors if residential development is implemented or sold. The land is not subject to any environmental schemes or outstanding liabilities, and access is via a track from The Meadows. The property is sold with all rights and easements, including a public right of way, and has no broadband connection but good outdoor mobile phone signal.