Lot 2 Penston Farm, Macmerry, East... Land for sale

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Lot 2 Penston Farm, Macmerry, East... Land for sale

Lot 2 Penston Farm, Macmerry, East Lothian, EH33
£1,025,000

Our Summary

  • All of the land within Lot 2 is currently farmed as part of the arable rotation at Penston farm but presents a unique development opportunity within East Lothian for development as industrial use subject to obtaining necessary planning consents

Description

Penston Farm is a unique property that is being sold as a whole or in three lots, with lots 2 and 3 not being sold prior to the sale of lot 1. The property includes four cottages located to the south east of the farmhouse, which are also available for purchase. Lot 2 is a 13.81 hectare (34.12 acre) area zoned for employment, with the land lying between 93m and 110m above sea level. The land is currently farmed as part of the arable rotation at Penston farm, but presents a unique development opportunity for industrial use subject to obtaining necessary planning consents. The land is allocated for employment use under the current East Lothian Local Development Plan, and further submissions have been made to East Lothian Council to confirm the allocation. The property also includes mineral rights, timber, and sporting rights, and the seller will retain any payments relating to the 2025 Basic Payment Scheme Entitlements. The property will be sold with vacant possession and entry, and a deposit of 10% of the purchase price will be required.
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