The Property
This is a rare and appealing opportunity to acquire a well fenced block of land in an accessible location with excellent local transport links, yet close to open countryside. The land comprises a mix of grazing and hay meadows and benefits from a natural water supply, with a river running through the centre. Extending to approximately 22.52 acres (9.11 ha), the property offers gated access from behind The Manor House Hotel.
The site lends itself to a variety of uses. It would be ideally suited to those with equestrian interests, livestock grazing, or hay production, and could equally be enjoyed as a hobby or smallholding by anyone seeking to increase their self sufficiency. The land offers flexible potential for a wide range of rural pursuits.
Services
The property benefits from a natural water supply, there are no further services.
Tenure & Possession
The property is Freehold, available with vacant possession upon completion.
Notes
Please note that there are two public footpaths running through the land, on either side of the River, one of which is fenced.
Overage
The property is sold subject to a clawback (overage) provision relating specifically to any future residential development on the land. This means that if, at any point within the next 25 years, planning permission is granted for residential use, a payment will become due to the seller or their successors in title.
The clawback applies to the uplift in value created by the granting of planning consent. In practical terms, the land would be professionally valued immediately before planning permission is secured and then valued again immediately after permission is granted. The difference between these two figures represents the uplift in value. Under the terms of this agreement, 25% of that uplift would be payable to the seller or their successors.
This provision does not prevent a future owner from seeking planning permission, nor does it restrict the use of the land for agricultural, equestrian or amenity purposes. It simply ensures that, should residential development become possible, the seller receives an agreed share of the additional value created.
EPC Rating
This property is exempt from EPC regulations.
Local Authority
Durham County Council. The property is not banded for tax.
Parking
Parking is available on a first come first served basis at the gate entrance of the site, which is marked with a ‘T’ mark in these particulars.
Characteristics
Broadband is not currently connected at the property. Mobile coverage is available. Interested partied are advised to perform their own due diligence in respect of availability.
what3words
Every three metre square of the world has been given a unique combination of three words.
///spud.belly.belonged
Viewings
Viewings are strictly by prior appointment with GFW.
Important Notice
Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. All dimensions/boundaries are approximate. The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. These particulars do not constitute a contract or part of a contract.
