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Land for sale
Land At Houghton le Side - Lot 1, Darlington, County Durham, DL2
£500,000
Land At Houghton le Side - Lot 1, Darlington, County Durham, DL2
£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 1 is an opportunity to purchase 51.68 acres of arable land located in a convenient and accessible location near the A68. The land is currently let out on a Farm Business Tenancy and will be vacant as of October 2024. The property has excellent access to both the north and south on the A68 and is close to junction 58 of the A1M. The land is situated in a Nitrate Vulnerable Zone and lies within the Walworth NVZ, which means there are limits to the amount of nitrogen that can be applied through organic or inorganic fertilisers. The sporting rights will be included in the sale, while the mineral rights are reserved to a third party. The land is offered for sale by private treaty as a whole or in two lots and purchasers should register their interest with the selling agents. An overage provision applies, and the land is subject to an asbestos survey, which has not been carried out.