6 Cornmarket
Louth
Lincolnshire
LN11 9PY
Watery Lane, Little Cawthorpe, Louth
£100,000
Land
TES Property are pleased to offer this attractive parcel of paddock land situated in the highly desirable village of Little Cawthorpe, approximately 3.4 miles from the Georgian market town of Louth and its excellent range of amenities.
Extending to approximately 6 acres / 2.4 ha. (subject to survey), the land is split into two fields and is currently used as paddock land. The land may suit a variety of purchasers including those seeking equestrian or amenity use, subject to any necessary consents.
LOCATION
Little Cawthorpe is a sought-after rural village situated approximately 3 miles from Louth, 20 miles from Grimsby and 31 miles from Lincoln. This attractive village is well known for it's popular Royal Oak Inn, also known as 'The Splash' which many enjoy a lovely walk along side the Long Eau which leads to the Inn, along with a range of beautiful countryside walks. The village is within close proximity to Kenwick Park golf club and its superb leisure facilities.
The land is situated to the rear of Spring View and is available as a separate purchase or can be purchased in conjunction with the property.
DETAILS
The land is contained within title number LL118893 (plan attached).
OVERAGE PROVISIONS
These provisions provide that on each occasion that a trigger date occurs you must make an overage payment. Trigger dates are defined as being the earlier of:
a.Implementation of the relevant planning permission; or
b.Completion of an overage disposal.
A relevant planning permission is defined as being a planning permission in respect of which an overage payment has now or previously become due and planning permission is defined as being any outline or detailed planning permission for development.
The overage payment that will be due is 50% of the uplift in value of the property or the part of the property being sold.
There is a permitted use so this is a use that will not trigger the overage provisions. This is quite restrictive and is defined as being:
a.One stable block or field shelter and such ancillary temporary structures as are reasonably necessary for the purposes of and enjoyment of keeping horses on the property for private recreational use; and
b.The use of the land as grazing land with cows.
The overage will be on the property for a period of 20 years and will apply to each and every planning permission granted within that period. There will be a restriction on title which will prevent the sale of the land without obtaining the seller’s permission and confirmation that the overage provisions have been complied with or that they do not apply. The purchaser will also be required to pay their costs in obtaining this consent.
AGENT'S NOTE
A Title Plan is included herewith for identification purposes, with the land available highlighted in yellow.
SERVICES
Prospective purchasers should make their own enquiries in respect of any services available to the land.
TENURE
The property is believed to be freehold and we await solicitors confirmation.
VIEWINGS
By prior appointment through TES Property office in Louth 01507 601633 admin.louth@tes-property.co.uk
OPENING HOURS
Monday to Friday 9:00am to 5:00pm
Saturday 9:00am to 1:00pm
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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