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Our Summary
- OVERAGE CLAUSE The 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
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Description
This 22.42 hectare (55.39 acre) property is a Grade 2 and 3 arable land plot, subject to an annual periodic farm business tenancy, located in Barningham, near Thetford and Bury St. Edmunds. The land is accessed directly off Hollow Lane and features a 470m2 concrete pad.
The soil is classified as slowly permeable seasonally waterlogged fine loamy over clayey soils, suitable for crops such as sugar beet, winter wheat, and oats. The property is being sold by private treaty as a whole, subject to the existing farm business tenancy, which commenced in 2020 and has a rent of £9,000 per annum. 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 benefits from land drainage and the vendor will receive and retain all future Basic Payment Scheme run-off or delinking payments.