Off Lower Road and Shatters Road, Colchester

£320,000

FOR SALE IN PARTS OR AS A WHOLE
Opportunity to purchase two buildings with potential for conversion into alternative uses (subject to planning) and some attractive parcels of land

SITUATION
The property lies in the parish of Layer Breton, Essex some 5 miles south of Colchester. For identification purposes the property is shown highlighted on the plan within these details.

LOCATION
The property has road frontage to both Lower Road and Shatters Road, Layer Breton. The nearest postcode is CO2 0PX.

DESCRIPTION
Two traditional agricultural buildings with potential for conversion into alternative uses (subject to planning) together with various parcels of land around the parish of Layer Breton totalling some 14.93 acres or thereabouts including 2.76 acres of arable land and 11.80 acres of grassland.
The land is classified as Grade 3 on the Land Classification Maps of England and Wales and is of the Windsor soil series.
The property is identified on the Environment Agency Flood Map as being Level 1 - Low Probability of Flooding.

TENURE & POSSESSION
The property is offered freehold with the benefit of vacant possession.

BOUNDARIES, PLANS, AREAS, SCHEDULE AND DISPUTES
The plans attached to these particulars are based on Ordnance Survey and are for identification purposes only. The purchaser will be deemed to have full knowledge of the boundaries and any error or mistake shall not annul the sale or entitle any party to compensation in respect thereof

SPORTING, TIMBER AND MINERAL RIGHTS
In so far as they are owned by the vendor, rights of sporting, mineral and timber are included in the sale. All such rights are believed to be owned by the vendor.

LOCAL AUTHORITY
Colchester Borough Council, Rowan House, 33 Sheepen Road, Colchester, Essex CO3 3WG

SERVICES
Prospective purchasers should make their own enquires to the availability of services.

RIGHTS OF WAY & EASEMENTS
The property is sold subject to and with the benefit of all rights including but without limitation rights of way whether public or private, drainage easement or electricity wayleaves whether referred to in these particulars or not.

METHOD OF SALE
The land is offered for sale by Private Treaty in 4 lots or as a whole. Prospective purchasers should register their interest with the selling agents to whom offers should be submitted. Please contact Hugh Wasteney at Stanfords on 01206 842156.

AML COMPLIANCE
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into effect on 26 June 2017. This requires us to undertake due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence and proof of source of funds for the purchase, before the transaction can proceed.

OVERAGE
The vendor will reserve 50% of any uplift in the value above agricultural value of Lot 1 above the sale value indexed for a period of 20 years from the date of completion where such increase is due to the grant of planning permission or permitted development rights being obtained.
Such overage will be triggered by grant of planning permission or permitted development rights payable on sale or implementation whenever that may happen.

GUIDE PRICE
Whole - Offers are invited in excess of £320,000.
Lot 1 - Buildings and 0.75 acres (0.30 ha) of land shaded in red on the plan attached for identification purposes. Offers are invited in excess of £150,000.
Lot 2 - 3.06 acres (1.24 ha) of grassland shaded in blue on the plan attached for identification purposes. Offers are invited in excess of £40,000.
Lot 3 - 6.66 acres (2.69 ha) of arable and grassland shaded in green on the plan attached for identification purposes. Offers are invited in excess of £80,000.
Lot 4 - 4.12 acres (1.67 ha) of grassland shaded in brown on the plan attached for identification purposes. Offers are invited in excess of £50,000.

VIEWINGS
By appointment with the Vendors Agent, Stanfords 01206 842156 - Reference HW