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Detached house for sale
Steeple Chase Farm (Lot 1), Beach Road, Cottenham, Cambridge, CB24
£2,100,000
Steeple Chase Farm (Lot 1), Beach Road, Cottenham, Cambridge, CB24
£2,100,000
Our Summary
- 587 hectares) and comprising:-The GrandstandIn 2023, Nick Dakin of Dakin Estates was granted planning permission on behalf of the Vendor to convert the grandstand into a single four bedroom dwelling to include a home office and garage
- Planning permission was granted under reference number 23/03002/FUL
- The planning permission allows for a building known as the Masters hut to be demolished and replaced by an outbuilding housing the home office, garage and ancillary storage
- Agricultural DwellingIn 1990 and again in 1996, planning permission was granted to build a dwelling subject to an Agricultural Occupancy Condition, whilst these permissions were never enacted, it is likely that a further application may be granted
- The property will be sold subject to a development uplift clause on the basis of 25% of the uplift in value being payable to the Vendor on the grant of planning permission, or use of the land for any non-agricultural use
Description
The former Cottenham Racecourse is a unique opportunity to acquire 179.38 acres of land, including a restored grandstand that can be converted into a four-bedroom dwelling with a home office and garage. The property also includes a dwelling that was granted planning permission in 1990 and 1996, although it was never built. The majority of the land is classified as Grade 2 with areas of Grade 1 and 3, and the soils are described as freely draining loam with a heavier area of clay. There are two farm buildings located towards the western boundary, including a general purpose barn and a timber pole barn. The property is offered for sale freehold, subject to two Farm Business Tenancies that will terminate in 2025. Additionally, the property will be sold subject to a development uplift clause, which provides a 25% uplift in value to the vendor upon granting of planning permission or non-agricultural use of the land.