Milbourne, Newcastle Upon Tyne, Northumberland

For Sale £235,000



BLOCK OF GRASSLAND | ACCESSED FROM THE A696 PONTELAND TO BELSAY ROAD | HAS POTENTIAL TO BE CONVERTED TO ARABLE LAND | MAINS WATER | SUBJECT TO A FARM BUSINESS TENANCY UNTIL APRIL 2020 | AVAILABLE FOR SALE AS A WHOLE

The land extends in...

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Contact Us About This Property:

Call: 01661 829164

Email: office@goodfellowsestateagents.com

Property Details

  • Block of Grassland
  • Circa 14.03 Hectares (34.67 Acres)
  • Potential to Convert to Arable Land
  • Accessed from A696
  • Approx 1 Mile North of Ponteland
  • Mains Water
  • Subject to a Farm Business Tenancy until April 2020
  • Available for sale as a Whole

FARM BUSINESS TENANCY

The land is sold subject to a Farm Business Tenancy to a neighbouring farmer. The Farm Business Tenancy is for a term of 10 years commencing on 1st April 2010 until noon on 31st March 2020. Vacant possession can be available from noon on 31st March 2020 by serving 12 months notice in advance of the termination date.


The current rent is £2,860 per annum which is payable in advance on 1st April each year. The tenancy includes other land being retained by the Vendor and the current rent will be apportioned against the land being retained by the Vendor and the land to be sold, leaving a rent on the land to be sold of £55 per acre (£1,906.85 per annum).


In relation to subsidy entitlements, there are express provisions in the Tenancy Agreement that upon expiry of the Tenancy, the Tenant will transfer to the Landlord the payment entitlements without the Tenant being entitled to any payment from the Landlord for the benefit of the payment entitlements.

ACCESS

The land has the benefit of access from the A696 public highway. The Vendor will grant the purchaser a right of way with or without vehicles accross the strip of land they are retaining, with the right of way being over the area of land coloured blue on the plan with these particulars.

SERVICES

There is a metered water supply from the mains. The mains supply feeds an existing water trough in the land offered for sale. The same mains water supply also feeds troughs on adjoining fields that are owned and occupied by the tenant of the land being sold. The owner of the adjoining land has the benefit of easements accross the land being sold in respect of the water supply pipes and apparatus that feeds their land and on termination of the tenancy the purchaser of the land will need to make arrangements with the outgoing tenant on installing a sub meter and/or separating charges on the mains water supply.

BOUNDARIES

Upon expiry of the Farm Business Tenancy or upon notice from the Vendor or their successors in title, the purchaser will be responsible for erecting a stock proof fence/gates between the points A, B, C, D and E on the plan within these particulars and thereafter maintaining that fence. The strip of land between this new boundary and the existing boundary fence is to be retained by the vendor should they ever require a secondary access to their retained land. For the avoidance of doubt the strip to be retained by the vendor is 20 meters wide from the point of the existing boundary fence.

THIRD PARTY RIGHTS AND COVENANTS

The property is sold to, and with the benefit of, all rights of way, water, drainage, water courses and other easements quasi or reputed easements and rights of adjoining owners, if any, affecting the same and all existing and proposed wayleaves and other matters registered by any competant authority subject to statute.

The land is sold subject to a clawback in favour of the Vendor and successors in title, at a rate of 25% over a term of 25 years from the date of completion. The clawback will be triggered by the grant of planning for any use other than agriculture, forestry or equestrian.

The land is sold subject to an easement for the water pipes and apparatus benefitting the adjoining land owner and as referred to above under the services heading.

VIEWINGS

Viewing of the land is strictly by appointment. The tenancy agreement includes a clause that the 7 days notice needs to be given to the tenant before access is made to the land.