Investment Opportunity

An attractive block of undulating pastureland in a strategic location with long term development potential, situated to the south of Crick, just off Watford Road, offered freehold, subject to tenancy. Extending to approximately 20.99 acres (8.41ha).

Situation
The Land is situated adjacent to Watford Road –South of Crick, with access off Boat Horse Lane. The land benefits from excellent road links, junction 18 of the M1 is situated 1.5 miles west and the M6 is located approximately 5 miles north. The land lies to the South of Crick, with Rugby and Daventry in close proximity being 8 and 8.5 miles away respectively.

Description
The land extends to a total of 20.99 acres with road frontage onto Boat Horse Lane. The land is accessed via a steel gated entrance to the North of the site.

The boundary comprises mature hedge and established trees that surround the land with post and rail fencing to the North of the site. The two fields are separated by a mature hedgerow.

In accordance with Natural England provisional Land Classification the whole parcel is classified as Grade 3 agricultural land and described as loamy and clayey soils with impeded drainage and moderate fertility.

An outline planning application for up to 120 dwellings was submitted in 2015 (Application No. DA/2015/0233), which incorporated SP59711089. This was refused primarily on account of Daventry District Council having exceeded their 5 year rural housing requirement. Details of this application can be found on the West Northamptonshire Council website.

It should also be noted that there are overhead wires that cross the land.

Field Schedule
Grid Reference number Acres Hectares
SP59711089 6.28 2.54
SP59712761 14.71 5.95
Total 20.99 8.49

Tenure & Possession
The property is offered for sale freehold subject to tenancy, with a tenant in situ, which is let under the Agricultural Holdings Act 1986. A copy of the tenancy agreement is available from the agent upon request. Current rent passing is £937.14 pa.

Basic Payment Scheme
The land is registered to receive payment under the Basic Payment Scheme, with the entitlement submitted and claimed annually by the tenant.

Services
The land is not connected to any mains services, however they are believed to be nearby, given the proximity to Crick. An overhead electricity wire also crosses the land.

Plan, Area and Description
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the vendors or their agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only.

Overage
The property will be sold subject to a development uplift clause which will reserve 30% of any increase in value due to any non agricultural or equestrian development on the land for a period of 30 years. This will be triggered upon a sale with the benefit of or implementation of any planning permission. The vendors would consider an alternative overage percentage or period dependant on the level of offer.

Rights of Way etc.
We are not aware of any rights of way which affect the property. It is believed the land benefits from all necessary wayleaves and easements.

Method of Sale
The property will be offered for sale by Private Treaty as a whole.

Vendors Solicitors
Kate Austin, Arnold Thomson, 205 Watling Street West, Towcester, Northants, NN12 6BX
Telephone No: 01327 350266
Kate.austin@arnoldthomson.com

Viewing Arrangements
Strictly by prior appointment through the agent’s Rugby office. Tel:01788-564680 Please note that there are sheep currently grazing the land therefore the gates should remain closed at all times.

WhatThreeWords
Using the WhatThreeWords app the following will take you to the field gate:
ever.record.yacht