For sale: Investment Land With Fishing Rights, Bank House Farm, Sunderland Bridge, Durham, DH6 5HA
Guide Price £60,000
Summary: BEST AND FINAL OFFERS BY 12 NOON FRIDAY 7th DECEMBER 2018.Approximately 10.71 acres (4.33 ha) of grassland plus 0.9 acres (0.3ha) of river bed with fishing rights. The land is subject to an Agricultural Holdings Act 1986 Tenancy.
|Address||Bank House Farm|
|Sold Status||Under Offer|
BEST AND FINAL OFFERS BY 12 NOON FRIDAY 7th DECEMBER 2018.
Approximately 10.71 acres (4.33 ha) of grassland plus 0.9 acres (0.3ha) of river bed with fishing rights. The land is subject to an Agricultural Holdings Act 1986 Tenancy.
BEST AND FINAL OFFERS, with proof of funds, by NOON FRIDAY 7th DECEMBER 2018 to this land please. Offers considered over £40,000 excluding fishing rights and offers over £45,000 including the fishing rights.
The land extends to approximately 10.71 acres of grassland and 0.9 acres of river bed, making a total of 11.61 acres (4.69ha). Approximately 1.94 acres of grassland next to the river is unfenced, however the remaining 8.77 acres is fenced with a stock proof fence. A footpath dissects the two parcels of land parallel to the River Wear. An overhead power line crosses the land north to south across the River Wear.
From Durham take the A167 south to Croxdale. At the roundabout just after the Honest Lawyer pub turn right into Browney Lane and take the first left into an unnamed side road. Cross over the river and the land is immediately on your right hand side.
The land is located just to the north of Croxdale adjacent to the A167 and adjoining the River Wear at Sunderland Bridge.
Access to the land is available directly off the side road leading from Browney Lane, which is to the north of the land.
The land is subject to an Agricultural Holdings Act 1986 Tenancy agreement and the tenant is Leasepath Limited. A Section 12 Notice has been served for a rent review in November 2019. The current rent for the property offered for sale is £376 per annum. A copy of the tenancy agreement may be viewed upon request.
Sporting & Mineral Rights
The fishing rights extend to 170m of river frontage. The rights are currently let for £125 for the 2018 season to the Darlington Brown Trout Association. The mineral rights are reserved from sale as they are owned by a third party.
Basic Payment Scheme (BPS)
The BPS entitlements are claimed by the tenant.
A wayleave payment of £68.25 is received annually from Northern Powergrid.
Right of Way
The land shown in blue on the sale plan is subject to a right of way with or without vehicles, for the purpose of carrying out routine inspections and maintenance in favour of Croxdale Reclamation Site and for no other purpose.
Restrictive Covenant / User Clause In the event that the Buyer or their successors in title obtain planning consent to carry out any form of development (other than for agricultural use) they will pay 50% of the net uplift in value to the seller or their successors. This provision will run for 25 years from the date of purchase.
The property is sold subject to all rights including rights of way, whether public or private, rights of light, support, drainage, water and electricity supplies and other rights, obligations and easements, quasi easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains and water, gas and other pipes, whether or not constituted in the title deeds or referred to in these particulars. The Buyers will be held to have satisfied themselves as to the nature of such burdens.
The property may be inspected on foot and during daylight hours once in possession of these particulars having first registered your interest with H&H Land and Property. Please ensure all gates are closed.
Method of Sale
The property is offered for sale as a whole, by Private Treaty. The Sellers reserve the right to amalgamate, withdraw or exclude any of the property shown at any time or to generally amend the particulars. Please register your interest with H&H Land and Property to be kept informed of how we intend to conclude the sale.
Money Laundering Regulations
Prospective Buyers should be aware that in the event that they are successful, they will be required to provide us with documents in relation to Money Laundering Regulations. The extent of the required documentation will be confirmed to the Buyer after acceptance of an offer.
Health and Safety
Prospective Buyers are reminded that the property makes up part of a working holding and that they should be aware of livestock on the property. The Sellers and selling agents accept no responsibility
for any loss as a result of an accident whilst on the property.
For further details or a confidential discussion please contact the selling agent: Helen Forbes, H&H Land and Property, Blackmoor Court, Durham Moor, Durham. DH1 5ER. T: 0191 370 8530.
H&H LAND AND PROPERTY Ltd for themselves and for the Vendor or Lessors of this property, whose Agents they are, give notice that:
(i) the particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute, nor constitute part of, an offer or contract;
(ii) all descriptions, dimensions, areas references to condition and necessary permissions for use and occupation and other detail are given as a guide only and without responsibility and any intending Purchasers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves, by inspection or otherwise, as to the correctness of each of them;
no employee of H&H LAND AND PROPERTY Ltd has the authority to make or give any representation or warranty whatever in relation to this property nor is any such representation or warranty given whether by H&H LAND AND PROPERTY Ltd. or the Vendors or the Lessors of this property.
(iii) The making of any offer (bid) for this property will be taken as an admission by the intending Purchaser that s/he has relied solely upon his own personally verified information, inspection and enquiries.
(iv) The photographs depict only certain parts of the property. It should not be assumed that the property remains as displayed in the photographs.
(v) Where any reference is made to planning permissions or potential uses, such information is given by H&H LAND AND PROPERTY Ltd in good faith. Prospective Purchasers should make their own enquiries with the Local Planning Authority into such matters.
(vi) The Vendors reserve the right to amalgamate, withdraw or exclude either of the Lots shown at any time and to generally amend the particulars or method of sale.
(vii) The property is sold subject to reserve(s).
(viii) H&H LAND AND PROPERTY Ltd reserve the right to sell privately without imposing a closing date and do not bind themselves to accept the highest or any offer.
These particulars have been prepared in accordance with The Business Protection from Misleading Marketing Regulations to give a fair overall view of the property.
Particulars prepared: September 2018