Land for sale

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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

This 48.34-acre block of arable and grassland is located in Middridge, a village east of Shildon and north-west of Newton Aycliffe. The land is split into four field parcels, with one being grass pasture and the others planted with winter barley. The land is classed as Grade 3 agricultural land and has a mixture of mature hedge and post and wire boundaries. The property 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 if the land is developed for residential use. The land is not subject to any Countryside Stewardship or Capital Grant Applications, and the access is from The Meadows to the south of the field parcels. The property has a metered mains connected water trough and is sold subject to and with the benefit of all rights, easements, and outgoings.
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