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Farm land for sale
Lot 3- Grazing Meadows Adj Wymondham Road, Hethel Road, Wreningham, Norwich, Norfolk, NR16 1BE
£350,000
Lot 3- Grazing Meadows Adj Wymondham Road, Hethel Road, Wreningham, Norwich, Norfolk, NR16 1BE
£350,000
Our Summary
- The meadows are classified as permanent pasture but there may be scope to revert them to arable use, subject to the necessary Environmental Impact Assessment Screening decision, which has been granted in the past
- Under the terms of the overage 50% of any uplift in value attributed to a planning permission would be payable to the Trustees of the Wreningham Fuel Trust
- The balance of lot three will be sold subject to an Overage agreement for 30 years under which 30% of any uplift in value attributable to a planning permission for a change of use from agriculture will be payable to the Vendors
- The overage payment will be due on the sooner of the implementation of the planning permission or the sale of the site subject to the planning permission
Description
Lot three of Grazing Meadows is a 14-hectare (34.59-acre) property that offers three attractive parcels of grazing land with frontage to the Wymondham Road. The land is classified as permanent pasture, but there may be scope to convert it to arable use, subject to an Environmental Impact Assessment Screening decision. The meadows are fenced and enclosed by mature hedges, with an independent mains water supply and several water tanks. The land has been occupied under a grazing licence, which could be continued for ease of management. The property is subject to overage agreements, which will require the payment of a percentage of any uplift in value attributed to a planning permission.