Land for sale

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Land for sale

Land At Widehope - Lot 2, Bildershaw, West Auckland, County Durham, DL14
£1,500,000

Our Summary

  • Overage ProvisionThe land is being sold subject to an overage clause, meaning that 50% of the uplift in value will be payable to the vendors over 50 years from the date of sale, and will be triggered by the implementation of, or sale with, planning consent for any use in relation to energy projects

Description

Lot 2 is an opportunity to purchase an excellent block of agricultural land in a convenient location, with 178.84 acres of arable land and a traditional steel portal framed building. The land is freehold and currently let out on a Farm Business Tenancy, with the tenant served with a Notice to Quit on the whole. The land has no water or electric connections, but there is mobile coverage available in the area. The property is sold subject to all rights of way, water, drainage, and other easements, as well as two public footpaths. Sporting and mineral rights are included in the sale, and there is an overage provision that triggers an uplift in value payable to the vendors over 50 years. Viewings are by prior appointment, and the land is offered for sale by private treaty as a whole or in two lots.
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