Lower Benefield Land for sale

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Lower Benefield Land for sale

Lower Benefield
£75,000

Our Summary

  • OverageThe Land is to be sold subject to an overage provision under which 30% of the uplift in value for any change of use other than agricultural or equestrian is payable to the Vendors for a term of 40 years

Description

The property is a single enclosure of permanent pasture, customarily used for grazing sheep, located in the village of Lower Benefield, Northamptonshire. The land has a frontage onto the A427 and benefits from a right of access over a designated area. The property has mains water and is suitable for grazing, with freely draining lime-rich and loamy soil. The land is registered with the Rural Payments Agency and is currently free from environmental schemes. The property includes sporting, mineral, and timber rights, and is subject to a formal easement for an underground public drain. The land is being sold subject to an overage provision, under which 30% of the uplift in value for any change of use other than agricultural or equestrian is payable to the vendors for a term of 40 years.