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Land for sale

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Land for sale

Cotton Spring Farm, Markyate, Hertfordshire, AL3 8AF
£3,500,000

Our Summary

  • The land is in arable rotation, with temporary grass and stewardship options, and has the potential to provide useful additional commercial land, regenerative opportunities and other environmental enhancement in close proximity to Luton, Dunstable and Hemel Hempstead
  • - Potential for significant future development (STP) - Agricultural building and hardstanding yard - Road frontage - Excellent communication links - Versatile arable land subject to CS Mid-Tier and SFI Agreements Cotton Spring Farm lies within the Jurisdiction of Dacorum Borough Council
  • The agricultural building is subject to a retrospective planning application (planning reference: 25/00624/RET) with a target decision date of 19th June 2025
  • Other diversification opportunities may also be available, subject to the necessary planning permission
  • The land will be subject to an overage provision reserving the vendor 20% of any increase in value accruing over 25 years due to any development over and above the existing use value of the land and excluding any agricultural use, triggered by either implementation or sale with the benefit of planning permission, whichever is the sooner
  • Potential for significant future development (STP)

Description

Cotton Spring Farm is a 231.8-acre property in west Hertfordshire, comprising five field parcels with mature hedges and well-served by field margins and internal tracks. The land is in arable rotation, with temporary grass and stewardship options, and has potential for regenerative opportunities and environmental enhancements. The property is situated near Luton, Dunstable, and Hemel Hempstead, with excellent communication links and proximity to major conurbations. The land is subject to Countryside Stewardship Mid-Tier and Sustainable Farming Incentive Agreements, and has potential for future development, with a small section of allotment land subject to tenancy. The property also has an agricultural building and hardstanding yard, and is located within the Green Belt and Chilterns Area of Outstanding Natural Beauty. The land is available for sale with vacant possession, subject to an overage provision reserving 20% of any increase in value due to development over 25 years.