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Frith Bank, Frithville, Boston PE22 Barn for sale
Frith Bank, Frithville, Boston PE22
£175,000
Frith Bank, Frithville, Boston PE22
£175,000
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
Description
Cherry Tree Farm, a traditional farmhouse and range of outbuildings, is being sold as Lot 2, along with 4.55 acres of land, for a guide price of £175,000. The property, located in Frith Bank, Lincolnshire, is situated near Boston and features a range of traditional buildings, including a pole barn and grain store. The land is suitable for arable farming and has Rights of Way to adjacent fields. The property is subject to an overage clause for 40 years, which would entitle the seller to 30% of the uplift in value if planning permission is granted for multiple dwellings on the site. The property is being sold free of any tenancy claims and with holdover until September 2025. Viewers are advised to exercise caution when viewing the property, as it is part of a working farm. The sale is by informal tender, with tenders due by May 16th, 2025.