Lot 3 Penston Farm, Macmerry, East... Land for sale

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Lot 3 Penston Farm, Macmerry, East... Land for sale

Lot 3 Penston Farm, Macmerry, East Lothian, EH33
£650,000

Our Summary

  • The land is currently farmed as part of the arable rotation at Penston Farm, and although not currently zoned within the East Lothian Council Local Development Plan, the land may present future opportunities in relation to the longer term development of the settlement boundary of Macmerry to the east subject to obtaining necessary planning and change of use consents

Description

Penston Farm is a 43.51-acre property located in East Lothian, Scotland, offered for sale as a whole or in three lots. The property includes a farmhouse and four cottages, as well as 17.61 hectares of arable land, which has been classified as Grade 2 and 3.1 by the James Hutton Institute. The land is currently farmed as part of the arable rotation at Penston Farm and has potential for future development, subject to obtaining necessary planning and change of use consents. The property also includes mineral rights, timber, and sporting rights. The sale includes an ingoing valuation for the cultivations and growing crops, as well as the feed stuffs, hay, straw, and other produce. A deposit of 10% of the purchase price is required, and vacant possession and entry will be given on completion. The property is registered for IACS purposes and is not designated as a Less-Favoured Area.
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