Home Rural Rural Property Farm land for sale in Frenches Close, Prudhoe, Northumberland, NE42

About this property

This is a good opportunity to acquire a productive block of arable land, located in the picturesque Tyne Valley. Lot 2 extends to approximately 20.67 acres (8.36 hectares). The land is suitable for agricultural or equestrian purposes.

FOR SALE BY PRIVATE TREATY
Would consider division into smaller lots, subject to the purchaser being responsible for fencing the boundary.

LOCATION
The Land is located to the east of the popular town of Prudhoe and to the west of Greenside Village. The land is approximately 10 miles east of Newcastle-upon-Tyne city centre.

LOT 2
Lot 2 extends to 20.67 acres (8.36 hectares). Access is to the north of this parcel. There are two sets of electricity pylons crossing this field north to south.

SERVICES
It is understood that there is a mains water supply to the subject property along the western boundary.

BASIC PAYMENT SCHEME
Entitlements are available by separate negotiation on the basis that the purchaser will cover the vendor´s costs in transferring these in the sum of £250 plus VAT.

ENVIRONMENTAL SCHEMES
Lot 2 is part of a larger 5 year Mid Tier Countryside Stewardship Scheme which commenced on 1st January 2021.

ACCESS
Access to the property is taken directly from the highway to the south of the property.

PUBLIC RIGHTS OF WAY
No public rights of way are present on the property.

EASEMENTS AND WAYLEAVES
The Land is sold subject to and with the benefit of all rights of way, water, drainage, water courses, light and other easements, quasi or reputed easements, and rights of adjoining owners (if any) affecting the same and all matters registerable by any competent authority pursuant to statute.

In particular, there are electricity pylons crossing the lot.

MINERAL RIGHTS
All mineral rights are included in the sale in so far as they are owned.

SPORTING RIGHTS
All sporting rights are included in the sale in so far as they are owned.

CLAWBACK
A third party has a clawback over the entire sale area amounting to 50% of any uplift in value on sale as a result of planning permission for purposes other than agriculture or equestrian use for a period of 25 years from 2019.
The vendor wishes to add an additional clawback on 25% on top of this on the same basis. This would run for 25 years from the date of completion.
Further details is available on request.

LEGAL FORMALITIES
Exchange of contracts will take place as soon as possible, but in any event no later than the expiry of eight weeks from instructing solicitors, with completion fourteen days thereafter.

COSTS
Each party to bear their own costs.

MONEY LAUNDERING REGULATIONS
The Purchaser will be required to provide proof of identification to comply with Money Laundering Regulations in the form of a copy of the Purchaser´s passport, together with a copy of a recent utility bill as proof of residence.

ACREAGES
The gross acreages have been assessed in accordance with Ordnance Survey data and interested parties should satisfy themselves in this regard.

TENURE
Freehold with vacant possession on completion.

DIRECTIONS
From B6315 through Greenside Village take the Chopwell turning onto Lead Road. At Greenside Methodist Church, take the left onto Rockwood Road Hill, keep following this road onto Bradley Fell Road and the land will be to your right.

Alternatively use the postcode NE42 5NP.

VIEWING
Strictly by appointment with the selling agent, Helen Proud. Tel: 01665 606800. E: helen.proud@youngsrps.com

LOCAL AUTHORITY
Gateshead County Council- Tel: 0191 433 3000

Location

Stamp duty

Based on a sale price of £150,000 the total amount of stamp duty payable will be:

Last updated: The calculator has been updated following the end of the stamp duty holiday on 1st October 2021.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.