For Sale
Properties
Farmland, Newlands Farm, Newlands Lane, Ramsgate
Type
To be confirmed
Price
£350,000
Size
34.5 ACRES
Assets
Key Selling Points
- Grade I / II arable land
- Circa 34.5 acres.
- Occupied under a Farm Business Tenancy. Vacant possession available from 23rd June 2030.
- By order of the Joint Administrators of Corporation of St. Lawrence College (The)
An opportunity to purchase a productive block of Grade I/II arable land located on the urban fringes of Ramsgate and Broadstairs.
A block of productive arable land, classified as Grade I and II, and suitable for growing a range of crops. Historically the land has been used for growing potatoes. The land is level and the boundaries are mostly defined.
The Property is sold subject to an existing overage for a period of 80 years from the 17 May 2005 (60 years remaining). The overage payment is due on a relevant disposal or the implementation of planning permission for development (excluding agricultural or education uses). The overage payment is equal to 35% of the Enhanced Value of the land subject to the relevant planning permission.
The Property is sold subject to an existing overage for a period of 80 years from the 17 May 2005 (60 years remaining). The overage payment is due on a relevant disposal or the implementation of planning permission for development (excluding agricultural or education uses). The overage payment is equal to 35% of the Enhanced Value of the land subject to the relevant planning permission.
Location
The property is situated on the urban fringes of Ramsgate and Broadstairs in the Isle of Thanet. Ramsgate is a port town located approximately 6 miles south of Ramsgate and 18 miles north-east of Canterbury. The land is accessed from Newlands Lane. Access to the A299 Thanet Way linking to the M2 motorway 8.5 miles.
Viewings
Strictly by appointment with the Joint Agents - Sanderson Weatherall and Hobbs Parker.
Contacts
Michael Vaughan
Peter Loveday
Alex Blanning