Cooper Lane, Potto

£150,000

Guide price

A CLOSING DATE FOR BEST AND FINAL OFFERS HAS BEEN SET FOR FRIDAY 21ST AUGUST AT 12 NOON. OFFERS TO BE IN WRITING SUPPORTED BY PROOF OF FUNDS BY THAT TIME, ADDRESSED 'LAND AT COOPER LANE, POTTO CLOSING DATE' AND DELIVERED TO THE STOKESLEY OFFICE.

FOR MORE INFORMATION, PLEASE CONTACT THE BRANCH.

Approximately 10.51 acres of land and buildings at Cooper Lane, Potto, Northallerton DL6 3HA.

Location

A useful block of accommodation land and buildings situated on the western edge of Potto Village, accessed off Cooper Lane with equestrian appeal and development potential (subject to the necessary consents). Potto is an attractive and popular village, approximately 2 miles north of Swainby and 6 miles south west of Stokesley. The village includes a church and public house (Tomahawk Steak House / Formerly the Dog and Gun public house) and benefits from good road links to the A172 which in turn connects to the A19. The property has an attractive backdrop towards the Cleveland Hills and North Yorkshire Moors.

Description

Approximately 10.51 acres of pasture land with a 4 bay steel portal frame barn constructed of fibre cement roof and cladding, concrete block walls, roller shutter door and concrete floor. The barn measures approximately 18.05 metres x 8.75 metres (157 sqm / 1700 sqft) and benefits from having connections to mains water, drainage and electric. Adjacent to the barn is a timber stable / store measuring approximately 6.25 metres x 4.54 metres (28 sqm / 305 sqft). There is a further timber stable building, set under a fibre cement roof which measures approximately 6.19 metres x 4.80 metres (29 sqm / 319 sqft). The land is classified as Grade III under the DEFRA Land Classification Scheme and comprises two sheltered fields which are topographically level / gently sloping, with a height above sea level of approximately 80 metres. The land is enclosed by a combination of hedges / post and wire fencing. An asbestos survey has not been undertaken under the Control of Asbestos at Work Regulations 2012 and this will be the responsibility of the purchaser.

Basic Payment Scheme (BPS)

The land has not been registered on the Rural Land Register and is not eligible for entitlements under the Basic Payment Scheme (BPS).

Environmental Schemes

We are not aware of any Environmental Schemes or Designations.

Method of Sale

The property is offered for sale by private treaty, with vacant possession upon completion. We reserve the right to conclude the sale by any other means at our discretion. All potential purchasers are requested to register with the selling agent, GSC Grays Stokesley Office, so that they can be advised as to how the sale will be concluded. All offers must be confirmed in writing. Purchasers will be required to provide proof of identification to comply with Money Laundering Regulations.

Title Matters

The land is registered with HM Land Registry under Title Number NYK96328. The property is offered Freehold with vacant possession on legal completion. A development clawback will be imposed on the title restricting any development to agricultural/equestrian use with the exception of the conversion of the 4 bay portal frame barn to a single dwelling under Part Q Permitted Development Regulations. The purchaser will be required to contribute towards the maintenance and repair of the shared access road.

Mineral and Sporting Rights

The mineral and sporting rights are included in the sale as far as they are owned.

Overage Clause / Development Clawback

A development clawback will apply in the event that the planning permission is granted for any non-agricultural / equestrian use within 25 years of the date of completion, the purchaser or future owner of the property will pay to the vendor 50% of the increase in value above agricultural value with such payment to be made at the point of planning consent being granted and to be protected by a restriction on the title in favour of the vendor. The development clawback will not apply for residential conversion of the 4 bay portal frame barn to a single dwelling under Part Q of the Town and Country Planning Order 2018.

Wayleaves, Easements or Rights of Way

The land is sold subject to and with the benefit of all existing rights, including rights of way, whether public or private, rights of water, light, support, drainage, electricity and all other rights, obligations, easements, quasi easements, and all existing and proposed wayleaves or covenants whether disclosed or not. The land is crossed by a public footpath and a Deed of Grant will be given for services to the land (electric, water and drainage).

Services

Mains electric, water and drainage are understood to be connected to the barn.

Boundaries

The vendor will only sell such interests as they have in the boundary features. The boundary liabilities are not defined on the Title Plan.

VAT

Any guide prices quoted or discussed, are exclusive of VAT. In the event of the sale of the property, or any part of it, or right attached to it becoming a chargeable supply for the purposes of VAT, such tax will be payable in addition to the purchase price.

Local Authority

Hambleton District Council, Civic Centre, Northallerton, DL6 2UU. Tel 01609 779977. Email info@hambleton.gov.uk

Vendors' Solicitors

Newtons Solicitors, Martin House, 13 High Street, Stokesley, North Yorkshire TS9 5AD. Tel: 01642 711354

Viewings

The land may be viewed during daylight hours on foot, subject to holding a set of the sales particulars at the time of inspection and having first registered with GSC Grays Stokesley Office on Telephone No: 01642 710742.

Ingoing Valuation

Whilst no in-going valuation is anticipated the vendor reserves the right to charge for any growing crops, cultivations, stocks and stores including enhancement if applicable. Payment is to be made on completion at a figure assessed by the selling agents based on CAAV and contractor costs where applicable with invoiced costs for seeds, fertilisers and sprays.

Health and Safety

We would ask that any parties viewing the land, are as vigilant as possible when making an inspection and do not breach any health and safety regulations.

Purchase Price

On exchange of contracts a non-returnable deposit of 10% of the purchase price shall be paid. The balance will fall due for payment on completion 4 weeks later (or earlier by arrangement) with interest of 5% above the Bank of England Base Rate for any late payment.

Disputes

Should any discrepancy arise within these particulars of sale or the interpretation of them, the question shall be referred to the Selling Agents whose decision acting as Experts shall be final.

Plans, Areas, Schedules, Measurements & Other Info

All areas, measurements, and other information have been taken from various records and are believed to be correct, but any intending purchasers should not rely on them as a statement of fact but should satisfy themselves as to their accuracy. Any error or mis-statement shall not annul the sale nor entitle either party to compensation in respect thereof.

Lotting

The property is offered for sale as described but the seller reserves the right to divide the property into further lots or to withdraw the property or to exclude part.

Apportionments

Any income, subsidy payments, grants, outgoings or incomings shall be apportioned between the seller and purchaser as at the date of completion.

Costs

The purchaser will be responsible for contributing towards the vendors legal and professional costs.

Particulars

June 2020.

Arrange viewing 01642 810363

GSC Grays - Stokesley

26-28 High Street, Stokesley, Middlesbrough

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