Land for sale

Princethorpe 1 mile, Rugby 8 miles, Coventry 9 miles (Distances approximate)An attractive block of undulating pasture land close to Princethorpe with road frontage and footings of an old building. All suitable for agricultural and equestrian useExtending to approximately 17.5 acres (7.08 ha).

Situation
The land is situated on The Fosse Way at Princethorpe - to the north of the village, but south of Stretton on Dunsmore. The land benefits from excellent transport links with The Fosse Way linking the A45 London Road/M1 and the M40 at Banbury. The town of Rugby is approximately 8 miles to the north east, and approximately 9 miles south of the City of Coventry.

The location is shown in greater detail on the plan.

Description
The land extends to approximately 17.5 acres with road frontage onto The Fosse Way. The property is accessed via a hardcore gated entrance on to a hard surfaced track leading to the footings of the old building.

The holding is a single undulating pasture enclosure bordered by mature hedge and tree boundaries.

We are informed that the property historically benefitted from a water supply in the road, although it is not currently connected.

According to Natural England the land is classified as Grade 3 on the Agricultural Land Classification Maps with (according to Soilscape) Lime-rich loamy and clayey soil with impeded drainage.

The land could be used for agricultural or equestrian use, and subject to being reasonably required, a new agricultural building or stable facility should be possible by obtaining the necessary planning permission from Rugby Borough Council.

Tenure & Possession
The property is offered for sale freehold with vacant possession being given upon completion.

Basic Payment Scheme
The land has been registered to receive entitlements in the past, these have not been claimed on for a couple of years and therefore the entitlements may be available to the successful purchaser. Further information will be provided when it can be obtained from the RPA.

Restrictive Covenants
Not at any time thereafter to build erect or place or allow to be built erected or placed on the Property or any part thereof any hut, tent, temporary dwelling, caravan, house on wheels or encampment intended for use as a dwelling.

Services
There is a believed to be water in the main road, with a redundant water connection by the gate. The land has no other mains services connected, however they are believed to be nearby.

Rights of Way Etc.
An electricity line crosses the property and an easement is in place.

There are no public footpaths or any other rights affecting or benefitting the property.

Sporting, Timber & Mineral Rights
All rights are believed to be held with the freehold owner and will be included within a sale of the land.

Boundaries & Fencing
Specific boundary ownership is unknown. The Vendor has recently cut all the hedges.

Plan, Area & Description
The plan, area and description are believed to be correct in every way but no claim will be entertained by the vendor or the 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 field for a period of 30 years. This will be triggered upon a sale or implementation of any planning.

Method of Sale
The property will be offered for sale by private treaty as a whole and interested parties should submit their offers to the agent’s Rugby office.

Vendor Solicitor
Rich & Carr Solcitors
Assurance House, 24 Rutland Street, Leicester, LE1 1RD
0116 2426019

Local Authorities
Rugby Borough Council
Severn Trent Water
Western Power Distribution

Viewing
During daylight hours and with a copy of these particulars to hand.

WhatThreeWords
Using the WhatThreeWords app the following will take you to the field gate:

Stretcher.life.title