Farm land for sale

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Farm land for sale

55.39 Acres Of Land Off Hollow Lane, Barningham, Diss, Suffolk, IP22 2PD
£545,000

Our Summary

  • OVERAGE CLAUSEThe Vendor will have the right to receive 25% of any additional value if Planning Permission is granted for a non-agricultural or non-equestrian use over a period of 20 years

Description

This 22.42 hectare (55.39 acre) property is a single field of arable land, including a 470m2 concrete pad, situated in the northwest of Barningham village. The land is classified as Grade 2 and 3, with soils that are slowly permeable and seasonally waterlogged. The property is currently subject to an annual periodic Farm Business Tenancy, with a rent of £9,000 per annum, and has been used for crops such as sugar beet, winter wheat, and oats. The land also benefits from land drainage and is eligible for the Basic Payment Scheme. The vendor has the right to receive 25% of any additional value if planning permission is granted for a non-agricultural or non-equestrian use. The property is being sold by private treaty, with exchange of contracts and completion expected to take place within a 10-week period.
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