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Farm land for sale
Land At Smear Farm, Rissemere Lane East, Reydon, Southwold, Suffolk, IP18 6SR
£425,000
Land At Smear Farm, Rissemere Lane East, Reydon, Southwold, Suffolk, IP18 6SR
£425,000
Our Summary
- The property has been identified within the National Grid LionLink project documents as being on the potential cable route if the Reydon marshes landfall site is used
- AGENT'S NOTEThe property is sold subject to an overage for 30-years at 10% of the increase in the site value due to a planning permission for development, or a later revised or varied planning permission which increases the value
- The value will be assessed at the date of planning permission and payable on commencement of the development, allowing the costs of obtaining the permission(s) as a deduction
Description
The property at Smear Farm is a 25.85 hectare block of arable land, divided into four parcels, located on the edge of the village of Reydon and within an Area of Outstanding Natural Beauty. The land is situated near the seaside town of Southwold and has road frontage and access from three roads. The land is currently managed with a focus on environmental conservation, and is included in a 5-year Countryside Stewardship Scheme. The property is identified as Grade 4 by the Provisional Agricultural Land Classification and has a deep, well-drained sandy soil. The land is also subject to a Countryside Stewardship Agreement, which the purchaser will be obligated to take on from completion. Additionally, the property is sold subject to an overage for 30 years at 10% of the increase in site value due to a planning permission for development. Viewings are available during daylight hours, and a copy of the sale particulars is required.