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Property Image
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For Sale: £500,000

Under Offer

Earles Farm, Sharps Lane, Horringer, Bury St Edmunds, Suffolk, IP29

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Property Image
Property Image
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  • Area

    area
    4Hectares

A rare opportunity to purchase 4.9 ha (12 acres) and a barn with planning permission for residential use on the edge of Horringer, Bury St Edmunds, Suffolk.

Location
The property lies to the east of the village of Horringer near Bury St Edmunds.

Description
Extending in total to 4.9 ha (12 acres) Earles Farm comprises of a potential building plot, barn with planning permission under Class Q for residential use, grazing land and former farm buildings currently used for equestrian and livestock purposes, together with a caravan storage field.

Available as a whole or in three lots.

Lot 1
Extending to 0.06 ha (0.14 acres) land with hope value for a building plot within the settlement boundary.

Lot 2
Extending to 0.07 ha (0.18 acres) a single storey barn with planning permission under Class Q for residential use. Planning Application Number DC/21/1724/P3QPA. Prior approval application under Part 3 of the Town and Country Planning (General Permitted Development) (Amendment and Consequential Provisions) (England) Order 2015 - (A) Change of Use of agricultural building to dwelling house (Class C3) to create one dwelling (B) associated operational development.

There is the potential for a purchaser of Lots 1 and 2 to amend the design and layout through a detailed planning application.

Lot 3
Extending to 4.7 ha (11.69 acres) comprising of the following: -

Caravan storage field with Certificate of Lawfulness for 35 pitches generating approximately £6,000 per annum on informal agreements. There is the potential to generate up to £12,000 per annum.

A range of former pigsties and stables currently used for general storage, livestock, stables, feed room, tack rooms.

Six grazing paddocks with the benefit of posts with either rails or electric fencing.

The stables and grazing paddocks are currently let on informal agreements generating £9,000 per annum.

Services
Mains electricity single phase and mains water are connected to the buildings in Lots 2 and 3.

Basic Payment Scheme
The land is not registered with the Rural Payments Agency and has no Entitlements.

Rights of Way and Easements
The property will be sold subject to, and with, the benefit of all existing wayleaves, easements, covenants and rights of way whether mentioned in these particulars or not. It should be noted there is a right of way over a gated access from Sharps Lane to Lots 1, 2 and 3 as coloured blue on the sale plan.

Timber, Sporting & Minerals
To be included in the sale, so far as they are owned.

Local Authority
The property falls within the administration of West Suffolk Council, West Suffolk House, Western Way, Bury St Edmunds IP33 3YU.

Planning
Planning Application Number DC/21/1724/P3QPA. Prior approval application under Part 3 of the Town and Country Planning (General Permitted Development) (Amendment and Consequential Provisions) (England) Order 2015 - (A) Change of Use of agricultural building to dwelling house (Class C3) to create one dwelling (B) associated operational development.
The land hatched on the site plan extending to approximately 0.97 ha (2.4 acres) was confirmed in the October to December 2020 West Suffolk Local Plan Issues and Options Call for Sites Reference WS1039.

Overage Position
The land hatched on the site plan extending to approximately 0.97 ha will be sold subject to an overage provision reserving to the seller 30% of the net uplift in value resulting from the grant of planning consent for residential development. The overage will be triggered on grant of consent and will be payable on commencement of development, or on the sale of the property (whichever is sooner). The overage will be for a period of 25 years.

Plans, Areas & Schedules
Any areas, measurements or distances referred to are given as a guide only. If such details are fundamental to a purchase, purchasers must rely on their own enquiries.

Boundaries
The vendor and their agent will do their best to identify the ownership of the boundaries, hedges, fences and ditches but will not be bound to determine these. The purchaser will have to satisfy themselves and rely on their own enquiries as to the ownership of any boundaries.

Tenure
The land is offered for sale freehold but is subject to a farm business tenancy which may be terminated with effect from 29th September 2022, or earlier by agreement.

Method of Sale
The land is available as a whole or in three lots.

Guide Price
Lot 1 - £50,000.

Lot 2 - £200,000.

Lot 3 - £250,000.

To make an appointment to view this property please call us on 01206 216542.

Viewing
Further information
If you would like more information on this property, please contact:
Martin Freeman
M: 07889 808288
E: mjf@fennwright.co.uk
Or
Libbey White
T: 01206 216542
E: libbey.white@fennwright.co.uk

Map

Call our

Farms & Estates team on

01206 216550
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