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Priory Lane, Broad Marston... 4 bed detached house for sale
Priory Lane, Broad Marston, Stratford-upon-Avon, Worcestershire, CV37
£3,630,000
Priory Lane, Broad Marston, Stratford-upon-Avon, Worcestershire, CV37
£3,630,000
Our Summary
- Rare opportunity to purchase farmstead with extensive planning permissions and further arable landDescriptionNew Buildings Farm comprises a four bedroom barn conversion (AOC), three bedroom holiday let, farm buildings with planning permission for residential conversion and approximately 211 acres of land
- The property is in need of extensive renovation and is subject to an Agricultural Occupancy Condition (AOC)
- Class Q planning consent has been granted for conversion to 5 dwellings
- Whilst planning consent has been granted for residential use some alternative uses given recent Class R legislation and allows for conversion to commercial use under a prior notification process
- Buyers should note that the remaining farm buildings without Class Q consent have planning permission for demolition
- You can find the planning applications here:You can view the planning application here: The LandThe land in Lots 1, 2 and 3 comprise level arable land with workable fields suited to modern machinery and direct road access, together with some woodland
- Lot 4 comprises a block of arable land located on the edge of the village of Pebworth with long term strategic development potential
- Overage/Uplift - Lot 4The Vendors will retain an overage / uplift provision whereby they will benefit from 20% of any uplift in value arising from the implementation of any planning permission for any change of use or development of the site with the exception of agriculture or equestrian
Description
New Buildings Farm is a rare opportunity to purchase a farmstead with extensive planning permissions and further arable land. The property comprises a four-bedroom barn conversion, a three-bedroom holiday let, and farm buildings with planning permission for residential conversion. The barn conversion, known as Farnold House, is in need of renovation and is subject to an Agricultural Occupancy Condition. The holiday let is a three-bedroom cottage that has been converted to a high standard and has produced a useful additional income. The farm buildings have Class Q planning consent for conversion to five dwellings, and alternative uses are also possible. The property also includes 211 acres of land, which is farmed by the vendors and has level arable land and woodland. The property is located near the village of Pebworth and has access to daily amenities and highly regarded schools. The property is being sold as a whole or in four lots, and buyers should note that the vendors will retain an overage provision on Lot 4.