Land at Middridge, Newton Aycliffe Land for sale

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Land at Middridge, Newton Aycliffe Land for sale

Land at Middridge, Newton Aycliffe
£720,000

Our Summary

  • OVERAGE PROVISIONThe land is being sold subject to an overage clause, meaning that 25% of the uplift in value will be payable to the vendors over 25 years from the date of sale, and will be triggered by the implementation of, or sale with, planning consent for any residential development
  • Where any reference is made to planning permissions or potential uses, such information is given by Vickers & Barrass, Chartered Surveyors in good faith

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: A 48.34-acre block of arable and grassland is available for sale in Middridge, a village located east of Shildon and northwest of Newton Aycliffe. The land is divided into four field parcels, with one being grass pasture and the others planted with winter barley. The land is classified as Grade 3 agricultural land and has a mixture of mature hedge and post-and-wire boundaries. The vendor will retain the 2025 harvest and provide vacant possession thereafter, subject to an overage clause that will trigger a 25% payment to the vendors if residential development is implemented or sold. The land is not subject to any environmental schemes or outstanding liabilities, and access is via a track from The Meadows. The property is sold with all rights and easements, including a public right of way, and has no broadband connection but good outdoor mobile phone signal.
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