Barn and land extending to 0.87 acres with independent access. Adjoining land extending to 4.28 acres (1.73 ha) available by separate negotiation.
The property comprises a detached brick barn with tiled roof, of two storey construction and which has historically been used as a light commercial premises. Indeed, the site offers potential for redevelopment to a dwelling subject to the availability of planning permission, and the vendors are in the course of preparing a planning application for its conversion. There is also an adjoining parcel of land made up of some pasture but is predominantly woodland, which is available in addition.
An overage provision will be imposed, reserving to the vendors for a period of 25 years 50% of future development value, in the event planning permission is granted for more than one dwelling on the site of the barn and its immediate surroundings, or in the event planning permission is granted for change of use on the adjoining land.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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