About this property

Key Features

Gated access off public highway
Freehold subject to Farm Business Tenancy
Edge of village location
3.40 acres (1.38ha) of grassland currently let for grazing

Description

An opportunity to purchase a parcel of grassland extending to 1.38 ha (3.40 acres) located on the edge of Waterbeach. The land comprises a single enclosure of grassland which is currently let for grazing and benefits from a mains water supply. Access is via a gateway directly off Burgess Road.


Tenure

Freehold subject to a Farm Business Tenancy

Location

The land is located on the eastern side of the railway line at the south eastern end of the village of Waterbeach, approximately 6.5 miles north of the city of Cambridge. In order to access the land, take St Andrew Hill off Station Road from the centre of Waterbeach, before taking the second right onto Burgess Road. Continue 0.3 miles over the level crossing and the entrance to the property is directly on the right marked by a For Sale board. Please be aware that the level crossing is not automatic. The land can also be accessed on foot via the Public Footpath off Clayhithe Road on the eastern side of the railway line.

General Remarks & Stipulations

The land is sold subject to any wayleaves, covenants and rights of way that might exist. All sporting timber and mineral rights are included in the sale in so far as they are owned.

Auctioneers Note

1. The land will be sold subject to an overage clause reserving 50% of any increase in value attributable to the grant of planning permission for a period of 25 years from the date of completion. Any agricultural or equestrian building will not be subject to the overage provision. 2. Cambridge Water Company have recently served Notice of Intention to lay a relevant pipe along the western boundary of the land. Full details are available in the Legal Pack.

Lot Type

Land

Tenancies

The land is subject to an annual periodic Farm Business Tenancy with effect from 29th September at a rent of £250 per annum, increasing to £300 per annum from 29th September 2019. Vacant Possession would not therefore be available until 29th September 2020.

Legal Packs

www.cheffins.co.uk/auctions/property-auctions or Fiona Smith at Hewitsons, Shakespeare House, 42 Newmarket Road, Cambridge, CB5 8EP, 01223 461155

Viewing

Attend the site 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.”