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Farm land for sale
Land At Geaves Farm, Hemmingford Grey, St. Ives, Cambridgeshire, PE27 5HF
£500,000
Land At Geaves Farm, Hemmingford Grey, St. Ives, Cambridgeshire, PE27 5HF
£500,000
Our Summary
- OVERAGEThe property as coloured pink on the sale plan will be subject to an overage clause whereby the Seller or their predecessors will be entitled to a 30% uplift in the value above over a period of 30 years (from the date of completion) in the event that planning consent is obtained for any non-agricultural use including Mineral Extraction
Description
This 18.7-hectare property, located near Hemingford Grey and St Ives, offers a rare opportunity to acquire land adjacent to a settlement. The permanent pastureland is suitable for cereals and short-term grassland, with a Grade 3 classification on the MAFF Land Classification Maps. The property benefits from direct access to Hemingford Road and is subject to a grazing licence that expires in 2025. The land is also within a Nitrate Vulnerable Zone and has historic land drainage. The property is being sold as a whole by private treaty, with the freehold subject to the existing grazing licence. The sale includes sporting rights, timber and mineral rights, and is subject to various statutory provisions and planning schemes. Additionally, an overage clause will be triggered if planning consent is obtained for non-agricultural use, entitling the seller to a 30% uplift in value over 30 years.