About this property
Key Features
Freehold with vacant possession (subject to notice pending)
Rural Location
Further 7.55 acres of amenity land including area of woodland to north
Established Reservoir of c.2.77 acres
Description
An opportunity to acquire a 10.32 acre parcel of land and reservoir found to the west of Ely.
The property comprises an established reservoir of approximately 2.77 acres which benefits from a water abstraction licence of 35,000 cubic meters (7,698,923 gallons) per annum, until the 31st March 2022.
In addition to the reservoir, there is 7.55 acres of amenity land which is mainly laid to grass, with an established coppice to the north west section of the land.
It is considered there is potential for leisure/amenity use in accordance with the East Cambridgeshire District Council local plan, and purchasers are recommended to speak to the Local Planning Authority in this regard.
Tenure
Freehold subject to Farm Business Tenancy.
Location
Heading west away from Ely on the A142 continue past the village of Mepal and over the River Delph where upon Engine Bank can be found almost immediately on the right hand side. Turn right on to Engine Bank and continue for approximately 700 meters and then take the turning on the left, where upon the land can found on the right hand side after a further 500 meters.
General Remarks & Stipulations
The land is sold subject to any wayleaves, covenants and rights that may exist, please see legal pack for further details and confirmation of sporting, timber and mineral rights in so far as they are owned.
Tenancies
The land is currently occupied under an annual Farm Business Tenancy. Notice to quit has been served with the tenancy to expire on the 10th October 2019.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Will Stokes of Howes Percival LLP, Cambridge, 01223 791003, will.stokes@howespercival.com
Viewing
Ely Rural Professionals on 01353 654900
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.�