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Our Summary
- This will be triggered on the grant of planning permission
- The overage will be 30% in any uplift in value from its existing use
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Description
The property is 25.44 acres of land located in and around the village of Langton by Wragby, Lincolnshire, with a guide price of £190,000. It is divided into 7 blocks and is classified as Grade 3 on the Agricultural Land Classification Maps. The land is free-draining, falls within the Beccles 1 Soil Association, and is suitable for winter cereals and grass.
It is partially enclosed by a public footpath and access is via a track from the public highway. The land is part of a larger 61.02-acre property that can be sold as a whole or in 7 lots. Lot 1, where the 25.44 acres are located, is subject to a farm business tenancy that will end after harvest 2026, with holdover granted to the current tenant to harvest the growing crop.