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AGENT'S DETAILS

PROPERTY AGENT
Simon Evans

4.25 Hectares (10.50 Acres) Of Grazing Marshes, Costessey Lane, Costessey, Norwich, Norfolk, NR8

For sale: £55,000.00|10.5 Acres|Land, Land, Commercial Land

PROPERTY DETAILS

FOR SALE£55,000.00
SIZE10.5 Acres
ADDRESS4.25 Hectares (10.50 Acres) Of Grazing Marshes, Costessey Lane, Costessey, Norwich, Norfolk, NR8
TYPELand, Land, Commercial Land
TENUREFor Sale Freehold
POSTED ON7th March 2021

DESCRIPTION

INTRODUCTION:
An opportunity to acquire a useful block of productive grazing marshes at Costessey with extensive frontage to the River Wensum and extending in all to approximately 4.25 Ha (10.50 Ac).

The marshes are located south of Drayton village being 5 miles north west of the City of Norwich. This block of marshes is located within an extensive area of grazing marshes comprising the Wensum Valley.

Offered for sale as a single ring fenced block, these productive grazing marshes extend in all to 4.25 Ha (10.50 Ac). The marshes have previously been let on annual grazing licences to livestock graziers and grazed with cattle. Access to the marsh is direct from the public highway, Costessey Lane, and a private hard track. The land is classified as Grade III with soils of the Adventurers' and Wensum soil series being peaty and clayey; river alluvium and fen-carr peat.

BASIC PAYMENT:
The marshes are registered on the Rural Land Register and are eligible for claiming the Basic Payment Scheme. Based on the eligible area a total of 4.23 Ha of Basic Payment Scheme Entitlements are included in the sale. The 2021 claim will be made and retained by the vendor.

COUNTRYSIDE STEWARDSHIP:
The marshes have previously been entered into Environmental Stewardship Schemes, but are currently out of agreement, but would suitable for inclusion in the current Countryside Stewardship Schemes.

SPORTING, MINERAL AND TIMBER RIGHTS:
In so far as they are owned by the vendors, the sporting, timber and mineral rights are included in the sale. This stretch of river frontage to the Wensum has been well known in the past for the variety of coarse fish available and has previously been let to the local Angling Club.

INGOING VALUATION:
None.

DRAINAGE RATES:
These are charged by the Environment Agency and Broads Internal Drainage Board and will be apportioned on completion.

PLANNING:
The marshes are within the jurisdiction of South Norfolk District Council, to whom interested parties are advised to make their own enquiries in respect of any planning matters.

AUTHORITIES:
Rural Payments Agency: 03000 200 301
Environment Agency: 03708 506 506
South Norfolk District Council 01508 533701
Broads Internal Drainage Board: 01553 819600

METHOD OF SALE AND GUIDE PRICE:
The marshes are offered for sale as whole by Private Treaty with a guide price of £55,000.

The Marshes are sold Freehold subject to a grazing licence in favour of Mr P Gunther expiring 31st October 2021. The current licence fee is £630 per annum. Completion will take place as soon as practically possible.

VIEWINGS:
At any time during daylight hours with a set of particulars in hand. Viewing is at your own risk. Due to the nature of the property we ask you to be vigilant and take care when making your inspection. For the avoidance of doubt neither the vendors nor the agents accept any liability.


( Agency Pilot Software Ref: 335196 )

LOCATION

Location: 4.25 Hectares (10.50 Acres) Of Grazing Marshes, Costessey Lane, Costessey, Norwich, Norfolk, NR8

Norwich (4.7 miles)

Salhouse (7.2 miles)

Wymondham (8.3 miles)

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