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Farm land for sale
Epping
£995,000
Epping
£995,000
Our Summary
- An overage term of 50 years with 30% of any uplift resulting from implementable planning 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
Description
The property is a 93.4-acre arable farm located in North Weald, Essex, with three productive fields and a farmhouse. The land is Grade 3 and has been farmed through a contract farming agreement, which can be terminated with 11 months' notice. The farm has been cropped with winter wheat and winter beans, and is currently under a Sustainable Farming Incentive agreement. The property is sold subject to various restrictive covenants, easements, and rights of way, and is situated in the Green Belt. The vendor is open to offers with or without an overage agreement, which would entitle the vendor to a percentage of any uplift in value resulting from implementable planning uses. The property is being sold freehold, with the option for the contractor to vacate or continue farming the land on agreed terms.