Land at Cadger Bank

Lanchester, Co Durham

DH7 0HJ

For Sale

Guide price £150,000

Approximately 8.86 acres of grazing land with good access on the edge of the village of Lanchester. The property may benefit from development potential subject to the necessary consents.

Call our DURHAM office to arrange a viewing

0191 370 8530

Location

The land is located on the western edge of the village of Lanchester, with the eastern boundary of the land directly abutting the existing settlement. Lanchester is approximately 8 miles north-west of Durham and 14 miles south-west of Newcastle.

 

Directions

From Durham, take the A691 north out of the city, crossing over all roundabouts following the signposts for Lanchester (A691/Durham Road). Once you reach Lanchester, turn left on to the B6296. The land is located on your right approximately 1 mile down this road, on Cadger Bank.

 

For users of satellite navigation, the approximate postcode for the southern end of the land is DL7 0HJ.

 

Description of the Property

The land extends to approximately 8.86 acres (3.59 hectares). It is a good quality block of grazing land and is held as one enclosure.  Given the location of the property, the land may benefit from future development potential, subject to the Buyer obtaining the necessary consents and permissions.

Access

Access to the land is provided by a gateway directly on the B6296.

 

Services

The land benefits from a natural water supply in the form of a stream to the north of the land.

 

Tenure

The land is offered freehold and is currently subject to an annual horse grazing tenancy at a rent of £1000 per annum.

 

Sporting & Mineral Rights

The sporting rights are included with the sale, in so far as they are owned. The mineral rights are believed to be owned by a third party.

 

Basic Payment Scheme (BPS) and Stewardship Schemes

No Basic Payment Scheme entitlements are included in the sale and there are no Stewardship Schemes in place.

Burdens

The property is sold subject to all rights including rights of way, whether public or private, rights of light, support, drainage, water and electricity supplies and other rights, obligations and easements, quasi easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains and water, gas and other pipes, whether or not constituted in the title deeds or referred to in these particulars. 

 

The Buyers will be held to have satisfied themselves as to the nature of such burdens.

 

Viewing

The property may be inspected on foot and during daylight hours once in possession of these particulars having first registered your interest with H&H Land and Property. Please ensure all gates are closed.

 

Method of Sale

The property is offered for sale as a whole, by Private Treaty. The Sellers reserve the right to amalgamate, withdraw or exclude any of the property shown at any time or to generally amend the particulars. Please register your interest with H&H Land and Property to be kept informed of how we intend to conclude the sale.

 

Money Laundering Regulations

Prospective Buyers should be aware that in the event that they are successful, they will be required to provide us with documents in relation to Money Laundering Regulations.  The extent of the required documentation will be confirmed to the Buyer after acceptance of an offer.

 

Health and Safety

Prospective Buyers are reminded that the property makes up part of a working holding and that they should be aware of livestock on the property. The Sellers and selling agents accept no responsibility for any loss as a result of an accident whilst on the property.

 

Exchange of Contracts and Completion

It is expected that Exchange of Contracts will take place within four weeks of an offer being accepted. Completion will take place within four weeks of the Exchange of Contracts or earlier by arrangement.

 

Overage Clause

In the event that the Buyer or their successors in title obtain planning consent to carry out any form of development that is not agricultural, horticultural or the grazing only of horses and ponies, they will pay 50% of the net uplift in value of the land to the Seller or their successors in title. This provision will run for 25 years from the date of purchase.