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Land for sale
Welham, Market Harborough, Leicestershire LE16
£475,000
Welham, Market Harborough, Leicestershire LE16
£475,000
Our Summary
- Please note the property is a working farm and viewers must take precautions with livestock and potential farm machinery on the property
- The Property lies within a Surface Water nvz Area and is subject to the usual restrictions
- The land will be sold subject to an uplift provision which will specify that 20% of any increase in value due to development (as defined in Section 55 of the Town and Country Planning Act 1990) for renewable energy purposes only will be payable to the Vendors or their successors in title should such development occur within 20 years from the date of completion
- The uplift will be payable upon implementation or on a future sale with the benefit of a planning consent
Description
A useful block of arable land totaling approximately 66.55 acres in three enclosures, located in the desirable village of Great Bowden, with road frontage on Great Bowden Lane. The land is currently down to temporary grass and is subject to a grazing licence expiring in August 2024. The property is offered for sale by informal tender and is available as a whole. The land is classified as Grade 3 according to the Natural England Regional Agricultural Land Classification Maps and has loamy and clayey floodplain soils with naturally high groundwater. The property is situated in a Mid-Tier Countryside Stewardship Scheme ending in 2026 and has the potential for renewable energy development. The sale includes the transfer of sporting, mineral, and timber rights where owned. The property is located within a Surface Water Nitrate Vulnerable Zone and is subject to usual restrictions. The uplift provision includes a 20% increase in value due to development for renewable energy purposes only, payable to the vendors or their successors in title within 20 years from the date of completion.