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Frith Bank, Frithville, Boston PE22 3 bed farm house for sale
Frith Bank, Frithville, Boston PE22
POA
Frith Bank, Frithville, Boston PE22
POA
Our Summary
- •Development Opportunities, subject to Planning Permission
- Cherry Tree Farm comprises an attractive traditional farmhouse in need of renovation and updating, along with a range of traditional out buildings, being Lot 1
- There is an overage in place for 40 years for 30% of the uplift in value on implementation of any planning permission enabling more than one dwelling to be established on the property
- There is an overage in place for 40 years for 30% of the uplift in value on implementation of any planning permission on the property
- There is an overage in place for 40 years for 30% of the uplift in value on implementation of any
- planning permission on the property
Description
Cherry Tree Farm, a traditional farmhouse and range of outbuildings, is being sold as a development opportunity, subject to planning permission. The property, located in Frith Bank, Lincolnshire, comprises a farmhouse with four bedrooms, a kitchen, lounge, and playroom, as well as a range of traditional barns and a steel frame grain store. The farm is surrounded by 24.51 acres of arable land and grass, with potential for further development. The property is being sold in seven lots, each with its own guide price, ranging from £67,500 to £300,000. The sale includes an overage agreement for 40 years, entitling the seller to 30% of the uplift in value if planning permission is granted for multiple dwellings on the property. The property is accessed directly from the public highway, with rights of way over the surrounding land.