Lot 13 – Land At Widdrington, Morpeth, Northumberland, NE61

£500,000 - SALE

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Lot 13 – 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 13 – Land At Widdrington, Morpeth, Northumberland, NE61
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02074998644
Savills Rural

Description

241.81 acres (97.86 ha) of grass, young woodland and ponds at Stobswood, Widdrington Station, Morpeth, Northumberland

Description

An extensive block of grassland (129 acres) and young wood and ponds (113.0 acres) with road frontage on the northern and eastern boundaries and with good and regular access points. Part of this lot has been the subject of some promotion as site for a Garden Village but has no formal designation. Further details are available on request.

The drag bucket from Big Geordie/Ace of Spades which handled 300M tonnes of overburden on the Stobswood Open Cast site sits within this lot as a legacy to the area’s mining past.

Tenancy
The land is subject to a Farm Business tenancy to 31 December 2020 with a 1 month early resumption clause. The sporting rights are let to 31 August 2020.

Rights of Way
There are public rights of way and public bridleways crossing this lot

Services
No services are connected.

Aftercare
This lot is subject to aftercare provisions following open cast restoration. The purchaser will be required to
undertake all outstanding works and indemnify the Vendor.

Development Clawback
With reference to the standard clawback provisions set out in Clause 5 of the General Conditions this lot will attract a clawback provision of 25% for a period of 50 years from completion.

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

Acreage: 241.81 Acres

Date posted: 24/06/20