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UNDER OFFER – Land in Great Hormead

UNDER OFFER
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Property Description

An attractive block of arable land on the edge of Great Hormead with good access.

Great Hormead is a pretty and popular village in the administrative are of East Herts District Council. The land lies immediately to the south of Great Hormead village and to the east of St Nicholas’ Church and Great Hormead Bury. The land is accessed off Horseshoe Lane and also off a Byway Open to All Traffic running along the north-eastern boundary.

The land is shown as Grade 2 and Grade 3 on the Provisional Land Classification Map and is gently undulating with mature hedges on most boundaries. There is a pond within Lot 2.

Approximately 16.25 hectares (40.15 acres) in total.

Buntingford – 2.6 miles
Royston – 8.7 miles
Bishop’s Stortford – 9.8 miles
Saffron Walden – 12.4 miles

Method of Sale
The freehold of the property is for sale by private treaty as a whole or in up to two lots. 

Lot Ha Ac Guide Price
1 6.97 17.22 £175,000
2 9.28 22.93 £200,000
  16.25 40.15 £375,000

Cropping

Year Crop
2021/22 Winter wheat
2020/21 Winter wheat
2019/20 Oilseed rape
2018/19 Winter wheat
2017/18 Winter wheat

Tenure and possession
The land is offered for sale with vacant possession on completion.

BPS Entitlements
The current farmer will transfer the BPS entitlements (if required) to the purchaser following completion of the sale.

Future Farming
If required, the current farmer would be willing to continue farming the land under the terms of a farm business tenancy or contract farming agreement, terms to be separately discussed.

Easements, Covenants and Rights of Way
The property is sold subject to all existing wayleaves, easements, public or private rights of way, covenants and restrictions, whether stated in these particulars or not. A number of public rights of way affect the property, as shown on the plan.

The vendor is retaining the borehole pumphouse in the northeast corner of the land. An easement for an existing underground irrigation pipe will be reserved to the vendor along the approximate route shown by a dashed blue line on the plan. In the event of Lots 1 & 2 are sold separately, there will be a right of way for the benefit of Lot 2 reserved across Lot 1 over the area shown hatched in blue on the Sales plan.

Overage
Lot 1 will be sold subject to overage provisions. In the event planning permission is granted for any residential or commercial development within a period of 30 years, the purchaser(s) shall pay to the vendor 20% of the uplift in value to which the planning permission gives rise.  Overage will be payable on the grant of planning permission; Further details are available in the Weldon Beesly Property Portal.

Timing
Exchange of contracts to take place 21 days after receipt by the Purchaser’s Solicitor of the draft contract with completion on 29 September 2022.

A deposit of 10% of the purchase price will be payable on exchange of contracts. If early entry is required, then Purchasers

Further Information
Further details including Land Registry title information can be found in the Weldon Beesly Property Portal https://weldonbeesly.com/property-portal/ The username and password for access is ‘Property’.

Anti-Money Laundering
The purchaser will be required to provide proof of identity and an address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

Viewing
Viewing is permitted at any time from the roadside or the public rights of way.

Health and Safety
We would ask that you be as vigilant as possible when making any inspection, for your own personal safety and that of others.

Area/County:
Postcode: SG9 0NH
Country: United Kingdom
Property Id: 22353

Hugo Richardson

Phone:01279 798866
Email:hugo.richardson@weldonbeesly.com

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