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Carlton Road, Brinkley, Newmarket, CB8 Farm land for sale
Carlton Road, Brinkley , Newmarket, CB8
£215,000
Carlton Road, Brinkley , Newmarket, CB8
£215,000
Our Summary
- Please call Will Hosegood or Tom Stiff on[use Contact Agent Button]OVERAGEThe land will be sold subject to a 25-year Overage Agreement, whereby 25% of any uplift in value, as a result of the land being used for residential or commercial development will be paid to the Vendors
- For the avoidance of doubt, equestrian use or the planting of woodland will not trigger the Overage and the Overage will be payable upon the commencement of a relevant planning permission or the sale of the land, with the benefit of a relevant planning permission
Description
The property is a 7.26-acre plot of land located in Brinkley, 6 miles south of Newmarket and 15.5 miles east of Cambridge. The land is divided into two enclosures of grassland with fenced boundaries and is classified as Grade 2 agricultural land. The property is sold with the benefit of vacant possession and is subject to a 25-year Overage Agreement, which requires the payment of 25% of any uplift in value resulting from residential or commercial development. The land is not connected to any services and is located near agricultural land and residential properties. The property is also within a Nitrate Vulnerable Zone and is subject to a proposed new water pipeline. The sale includes all sporting rights, standing timber, and mineral rights, except those reserved by statute or the Crown.