Property With Potential Logo Property With Potential - return to homepage
Land for sale

>

Land for sale

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

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 arable land plot in west Hertfordshire, comprising five field parcels with mature hedges and internal access tracks. The land is in arable rotation, with temporary grass and stewardship options, and has potential for regenerative opportunities and environmental enhancements. The property has two main access points and is well-served by field margins and internal tracks. The land is entered into Countryside Stewardship Mid-Tier and Sustainable Farming Incentive agreements, and has potential for future development, with 12.41 hectares of the land promoted for potential residential development. The property is within the Green Belt and Chilterns Area of Outstanding Natural Beauty, and is at low risk of surface water flooding. The agricultural building is subject to a retrospective planning application, and the land may also present opportunities for biodiversity net gain, suitable alternative natural greenspace, or other alternative uses, subject to necessary planning permission.