A rare opportunity to acquire a sizeable and accessible block of land extending to approximately 176.61 acres (71.47 hectares). The property is located just south of the village of Otterburn just off the A68.
LOCATION The Land at Old Town Farm is located approximately 1.5 miles to the south of the village of Otterburn. The A68 runs adjacent to the west of the property with access directly from this. The popular market town of Hexham is approximately 20 miles to the south and also includes the well attended Hexham Auction Mart. Otterburn is well served by shops, cafés and other such services.
DESCRIPTION The land at Old Town provides an exciting opportunity to purchase an extensive and ring fenced block of grassland. The property extends to circa 176.61 acres (71.47 hectares) in total. Predominantly the property is made up of grade 5 permanent grassland extending to circa 167.73 acres (67.88 hectares).
There are two blocks of woodland, one block to the centre of the property which has been felled and extends to circa 3.90 acres (1.58 hectares) and a further block of young woodland to the west which extends to circa 4.98 acres (2.02 hectares). In recent years the land has predominantly been used for sheep and cattle grazing. There is the potential to explore capital generating schemes under the new Sustainable Farming Incentive (SFI). This land also provides an excellent investment opportunity including biodiversity net gain.
Access is taken direct from the A68 to the east, as shown as an ‘A’ on the sale plan. There is a hardcore gateway to pull into for any vehicles.
SERVICES The fields are supplied by natural water supply from Miller Burn.
ENVIRONMENTAL SCHEMES The land is not subject to any Environmental Stewardship, Countryside Stewardship or similar schemes.
SPORTING AND MINERAL RIGHTS The sporting and mineral rights are included in the sale in so far as they are owned.
DESIGNATIONS The land is classified as being within the Severely Disadvantaged Less Favoured Area.
WAYLEAVES AND EASEMENTS & PUBLIC RIGHTS OF WAY The land is sold subject to and with the benefit of all rights of way, water, drainage, watercourses, light and other easements, quasi or reputed easements and other rights of adjoining owners (if any) affecting the same and all matters registerable by any competent authority subject to statute.
Please note there is an existing water pipe easement over the land which supplies a third party property.
VIEWINGS Viewings are allowed only on the basis that an appointment has been made with the selling agent. Any viewing will be between 9.00 am and 5.00 pm. Viewers should have a copy of the sale particulars with them.
MONEY LAUNDERING REGUALTIONS The purchaser(s) will be required to provide proof of identification to comply with Money Laundering Regulations in the form of a copy of the Purchasers’ passport, together with a copy of a recent utility bill as proof of residence.
TENURE Freehold, the property is currently let on a Farm Business Tenancy which comes to an end on 31st October 2024.
METHOD OF SALE The Property is offered for sale by Private Treaty as a whole. The vendor reserves the right to conclude the sale as they wish.
LOCAL AUTHORITY Northumberland County Council.
DIRECTIONS If travelling from Otterburn village, take the A68 south and travel approximately 1.5 miles, the access gateway which allows you to pull off the road is on your left.
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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Youngs RPS - Hexham. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Youngs RPS - Hexham for full details and further information.