Farm land for sale

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Farm land for sale

(Lot 1) Arrow Lane, Halton on Lune, LA2
£175,000

Our Summary

  • Valuable meadow land with future development potential at Arrow Lane, Halton on Lune, Lancaster LA2 6QN
  • If lot 1 and lot 2 are sold separately access to lot 2 will be through lot 1 along the route marked ABC on the plan and lot 1 will be sold subject to this reservation and the owner of lot 2 will be allowed to construct a hard stone track along the route marked ABC subject to planning permission and construct a gateway at point C
  • Water SupplyIf an independent water supply is required for lot 2 there will be a reservation over lot 1 to lay a supply pipe for mains water to be supplied to a trough in lot 2 at the cost of the owner of lot 2 who will also be responsible for any damage caused to lot 1 in undertaking the work
  • Development PotentialField 6650 (Lot 1) has potential for future residential development subject to planning permission and the sale of both lots together or separately will include an overage covenant to benefit the current owners and their successors for a period of thirty years from completion of the sale
  • The overage covenant will cover the whole of both lots together or separately with a development clawback of 50% of any uplift in value triggered by a valid planning permission and subsequent planning permissions within the thirty year period

Description

The property is a valuable meadow land with future development potential located at Arrow Lane, Halton on Lune, Lancaster. The land is offered for sale in 2 lots or as a whole, with lot 1 comprising 9.71 acres and lot 2 adjoining comprising 12.26 acres. The land is freehold with vacant possession on completion and is offered for sale by informal tender with a deadline of Wednesday, April 24th, 2024. There is a public footpath running through field 5861 (lot 1), and access to the land is through a gate at the point marked A on the plan. If the lots are sold separately, the owner of lot 2 will be responsible for constructing a hard stone track and a gateway, and the owner of lot 1 will be responsible for erecting and maintaining a fence line on the southwest side of the hedge. The property also has potential for future residential development, subject to planning permission, and an overage covenant will be included to benefit the current owners and their successors for a period of 30 years from the completion of the sale.
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