Lot 1 – Land At Widdrington, Morpeth, Northumberland, NE61

£1,150,000 - SALE

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Lot 1 – Land At Widdrington, Morpeth, Northumberland, NE61
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Savills Rural
Savills_Rural_company_logo
Savills Rural
33, Margaret Street
London
Greater London
W1G 0JD
United Kingdom
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Lot 1 – Land At Widdrington, Morpeth, Northumberland, NE61
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02074998644
Savills Rural

Description

191.69 acres (77.57 ha) of arable land and woodland at Maidens Hall, Widdrington, Morpeth, Northumberland

Description

A useful block of arable land, including an area of mature woodland (21.8 acres or thereabouts), with good roadside access from the eastern boundary and with a good secondary access from the south over a private road.

Tenancy
The land is let in part under a 1 year Farm Business Tenancy to 30 September 2020 and in part under a Farm Business Tenancy until 30 September 2028. The sporting rights are let until 1 February 2021 and there is a stalking licence expiring on 31 March 2021.

Right of Pre-emption
This lot is subject to a right of pre-emption dated 23 September 2011 and expiring on 30 June 2023 whereby before a disposal can be made to a 3rd party the party with the benefit of the pre-emption must be given the opportunity to buy at market value. Details are available in the Data Room.

Rights of Way
This lot will have the benefit of a right of way over the access track leading to the south west corner of this lot with or without vehicles along with other users with similar rights and over the access track forming part of Lot 3, with liability for maintenance assessed according to user.

Services
No services are connected.

VAT
The land is opted for Value Added Tax Tax at th standard rate. Offers should be made net of VAT will be chargeable on the purchase price.

Acreage: 191.69 Acres

Date posted: 24/06/20