About this property
Key Features
Agricultural land extending to 16.53 acres (6.69ha) or thereabouts
Further range of redundant buidings
Timber framed building with consent for conversion to 2 dwellings
Description
The sale of Marks Farm provides a unique opportunity to purchase a period barn for conversion, together with a further range of redundant buildings and additional land, in a delightful rural location accessible to Newmarket, Haverhill and Bury St Edmunds.
The property is offered for sale in four separate Lots:
LOT 10 – Marks Farm Barn with consent for conversion to 2 dwellings
Guide Price £225,000*
The existing building comprises a timber framed barn measuring 22.80m x 5.80m (externally) plus a central mid-stray and lean-to at the rear. Prior Approval (General Permitted Development) was approved by St Edmundsbury Borough Council on 27 January 2016 (ref DS/15/2450/PMBPA) to create 2 no. dwellings and the scheme provides for the following accommodation:
Unit 1: Entrance lobby leading to vaulted Dining Hall; Cloakroom; Living Room; Kitchen; first floor galleried Landing; 2 Bedrooms with en-suite shower rooms. Approx. 1270 ft² GIA.
Unit 2: Entrance lobby leading to vaulted Dining Hall and open plan Kitchen; Cloakroom; Living Room; first floor galleried Landing; 2 Bedrooms with en-suite shower rooms. Approx. 1250 ft² GIA.
Outside: The site extends in total to around 0.33 acres with a number of mature trees and pond. The scheme provides for off-street parking and landscaped grounds, with patio areas overlooking the pond.
Services: Mains electricity previously connected.
LOT 11 – 9.59 acres (3.88ha) productive arable land - Guide Price £100,000*
A single parcel of productive arable land with extensive road frontage and direct highway access. The land is classified as Grade 2 and is a medium clay soil suitable for a variety of cropping.
There are 3.94 non SDA Basic Payment Scheme available to purchase from the outgoing tenant.
Auctioneers Note
In the event that Lot 10 is unsold at the Auction, then this Lot will be withdrawn from the catalogue.
Tenure
Freehold with vacant possession, subject to holdover on Lots 11 and 13
Overflow
LOT 12 – Redundant farm buildings and yard extending to 0.54 acres (0.22ha) - Guide Price £40,000-£50,000*
A range of former piggery buildings with approx. 4,000 sq.ft. footprint and yard which is now redundant but offering potential for various uses subject to obtaining the relevant consents. The site is largely overgrown with a number of mature trees and a small pond, and has access directly from the council highway.
Services: Mains water and electricity have previously been available to the site but are now disconnected.
The property is sold subject to an overage in the event that planning permission is granted for residential development within 20 years. The overage uplift will be for 30% of any net uplift in value. Refer to Auction Legal Pack for further details.
LOT 13 – 6.94 acres (2.81ha) productive arable land - Guide Price £65,000-£70,000*
A single parcel of productive arable land with good road frontage and mature hedgerow boundaries. Access to the land is via a right-of-way over the adjoining Lot 12 as shown cross hatched black on the plan. The land is classified as Grade 2 and is a medium clay soil suitable for a variety of cropping.
There are 2.81 non SDA Basic Payment Scheme entitlements available to purchase from the outgoing tenant.
GENERAL REMARKS AND STIPULATIONS
The purchaser(s) of Lots 11 and 13 will be required to indemnify the outgoing tenant in respect of breach of cross compliance regulations for the 2016 BPS year.
The land is sold subject to and with the benefit of all existing wayleaves, easements, covenants and rights-of-way whether or not disclosed. The purchaser(s) should satisfy themselves on the availability of services to the property.
The arable fields are sold subject to holdover for the outgoing tenant to harvest the current crop until 15 September 2016.
LOCATION
The property is in a rural location between the villages of Cowlinge and Stradishall with good access to the A143. The towns of Newmarket (9 miles), Haverhill (8 miles) and Bury St Edmunds (14 miles) all provide a good range of services and amenities.
Lot Type
Land
Legal Packs
www.cheffins.co.uk/propertyauctions or Rustons & Lloyd, Beaufort House, 136-140 High St, Newmarket CB8 8JP, Tel: 01638 661221. Ref: CP
Viewing
Lot 10 by prior appointment through Cheffins Property Auction Dept 01223 213777 and Lots 11– 13 by attending the sites at all reasonable times during daylight hours with a copy of the particulars to hand
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�