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34.59 acres, Lot 3- Grazing Meadows Adj Wymondham Road, Hethel Road, Wreningham, Norwich, NR16 1BE, Norfolk
For Sale - £350,000

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• 14 hectares (34.59 acres)

14 hectares (34.59 acres)

LOT THREE - GRAZING MEADOWS APPROXIMATELY 14.00 HECTARES (34.59 ACRES) IN TOTAL SHADED YELLOW ON THE SALE PLAN.

Grazing Meadows with Frontage to the Wymondham Road

Detailed Description

Lot three comprises three attractive parcels of grazing land with frontage to the Wymondham Road. The meadows are classified as permanent pasture but there may be scope to revert them to arable use, subject to the necessary Environmental Impact Assessment Screening decision, which has been granted in the past. The meadows are stock fenced and enclosed by mature hedges. They have an independent mains water supply feeding a number of water tanks. The meadows have been occupied under a grazing licence, an arrangement that could be continued for ease of management. The land is subject to overage agreements - Part of the land in lot three (field number NG 2286) is subject to an Overage Deed dated 21st September 2022 for an Overage Period of 25 years. Under the terms of the overage 50% of any uplift in value attributed to a planning permission would be payable to the Trustees of the Wreningham Fuel Trust. The balance of lot three will be sold subject to an Overage agreement for 30 years under which 30% of any uplift in value attributable to a planning permission for a change of use from agriculture will be payable to the Vendors. The overage payment will be due on the sooner of the implementation of the planning permission or the sale of the site subject to the planning permission.