Farm land for sale

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Farm land for sale

Land At Luffenhall, Stevenage, Hertfordshire, SG2 7PZ
£985,000

Our Summary

  • OVERAGE CLAUSEThe Land will be sold subject to an Overage Clause relating to any renewable energy development and any associated battery storage on the Land entitling the Vendors to a 20% share of any uplift in value of the Land in the event that the Land is sold with the benefit of planning permission for such a development or a 10% share of any income generated each year from an operational scheme over a period of 30 years

Description

This 93.89-acre arable land parcel is situated in Hertfordshire, near Stevenage and Buntingford, with a frontage onto the public highway. The land is classified as Grade 2/3 agricultural land, suitable for growing a variety of crops and grass, with mature hedgerows and the River Beane running through it. The property benefits from three access points onto the public highway and is being sold freehold with vacant possession. The land is subject to an overage clause for renewable energy development and has no mains services connected. There are existing rights of way, wayleaves, and easements, and the land is situated in a Nitrate Vulnerable Zone. The property is being sold by private treaty as a whole, with the vendor retaining the right to holdover for crop harvesting until 2025 and Basic Payment Scheme payments until 2027.
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