Stobswood, Morpeth, Northumberland, NE61

£500,000 - SALE

Contact seller
Stobswood, Morpeth, Northumberland, NE61
Name*
Email address*
Telephone number
Subject*
Message
Savills Rural
Savills_Rural_company_logo
Savills Rural
33, Margaret Street
London
Greater London
W1G 0JD
United Kingdom
Request Call Back
Stobswood, Morpeth, Northumberland, NE61
Name *
Telephone number
02074998644
Savills Rural

Description

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

Description

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 promoted as a site for a Garden Village but has no formal designation. Further details are available on request.

The dragline 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
This lot is let under a 1 year Farm Business Tenancy to
31 December 2019.

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.

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, however VAT
will be chargeable in addition to the purchase price.

Acreage: 241.81 Acres

Date posted: 05/11/19