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Land for sale
Market Harborough, Leicestershire
£740,000
Market Harborough, Leicestershire
£740,000
Our Summary
- Please note the property is a working farm and viewers must take precautions with livestock and potential farm machinery on the property
- Nitrate Vulnerable Zone (NVZ) The Property lies within a Surface Water NVZ Area and is subject to the usual restrictions
- Overage 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
The property consists of approximately 80.55 acres of productive pastureland located on the edge of the village of Gumley, with an additional 113.9 acres available as a whole or in two lots. The land is situated just 4 miles from the market town of Market Harborough and benefits from direct highway access. The property is classified as Grade 3 according to the Natural England Regional Agricultural Land Classification Maps and has slowly permeable, seasonally wet soils that are suited for grass production. The land is available freehold subject to a grazing licence expiring in August 2024 and is offered for sale by informal tender. The property is situated adjacent to Foxton Locks, offering recreational activities, and has the potential for development subject to planning consent. The sale includes the transfer of sporting, mineral, and timber rights, and the property is subject to an uplift provision for any increase in value due to development for renewable energy purposes.