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Land For Sale £150,000
Southwold Road, Holton, Halesworth IP19


Description
Approximately 20.80 acres of mixed deciduous woodland with glades, grassland and fishing lake. Conveniently located near the town of Halesworth. *For sale by informal tender*<br/></br>
<b>For sale by Informal Tender - Deadline 12 noon Thursday 22nd September 2022</b>
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<b>Situation</b>
The property is located in the Village of Holton, Suffolk to the North of Mells Village and East of the town of Halesworth. The land has good transport links with the A12 located approximately 3.9 miles south and Halesworth Train Station located 1.3 miles west of the land.
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<b>Description</b>
The property, as outlined in red, extends to approximately 20.80 acres (8.41 ha) comprising of an attractive fishing lake, mixed deciduous woodland with glades and grassland. The property was formerly used for mineral extraction and has been restored to provide a nature-rich habitat with internal tracks and a secluded location.
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The property is accessed off the B1123 where there is a section of hard standing at the entrance to provide a useful parking area.
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The property offers the opportunity for a return on investment through the Fishing Licence Fee, expansion of the commercial industrial units STPP and the diverse range of landscapes has potential for further income through environmental schemes.
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<b>Permitted Use</b>
The property has previously been used for mineral extraction and currently comprises a fishing lake with adjacent broadleaved woodland and semi-improved grassland.
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The property includes Holton Pit which is a Site of Special Scientific Interest and includes the surrounding Site of Special Scientific Interest Impact Risk Zone. The property also includes a County Wildlife Site designation (non-statutory).
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<b>Tenure</b>
The property is held Freehold by the Vendor and is registered at Land Registry under Title Number SK315298.
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The property is subject to a Course Fishing Licence which relates to Southwold Lake and is for a period from and including the 1st June 2021 until 31st May 2022. The property will be sold subject to the Fishing Licence, but the Vendor is prepared to serve a notice to quit on behalf of a purchaser at exchange of contracts.
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<b>Minerals, Sporting & Timber Rights</b>
The sporting and timber rights are included within the freehold of the property in as far as they are owned. The minerals at the property have previously been worked and the remaining mines and minerals are excluded from the freehold. The Vendor will retain no rights of working in respect of the minerals.
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<b>VAT</b>
The vendor has not opted to tax under Value Added Tax. Should any part of the property or any right attached to it become a chargeable supply for the purposes of Value Added Tax (VAT), such tax will be payable by the Purchaser in addition to the Purchase Price.
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<b>Overage</b>
The property is subject to an overage clause, whereby 50% of any increase in value of the property from the grant and implementation of planning permission for Residential or Commercial development over and above the existing use of the property. This would include any development which occurs under Permitted Development Rights. The term of this clause would be 25 years from the date of completion.
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Please see the enclosed cemex Overage Provisions.
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<b>Sale Overage</b>
The sale will be subject to a 12-month disposal restriction whereby the purchaser covenants with the seller not to make any Disposal save for Permitted Disposals at any time during the Restricted Period without first procuring that the person to whom the Disposal is being made has executed a Deed of Covenant.
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Restricted Period: Means the period of 1 year starting on the date of this transfer and ending at midnight on the day immediately preceding the first anniversary of the date of this transfer.
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<b>Public Rights of Way, Easements and Wayleaves</b>
The property is sold subject to and with the benefit of all easements, quasi easements, wayleaves and rights of way both declared and undeclared.
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The property is subject to a public footpath which runs alongside the Eastern and Northern boundary, along with Blyford Lane which passes through the property.
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<b>Title and Restrictive Covenants</b>
The property is registered under Title Number: SK315298 (Freehold Title).
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Conveyance dated 14th August 1964 – To erect and maintain substantial cattle proof fences on east, south and west sides of the property.
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Conveyance dated 18th December 2000 – Right of access subject to user contribution and right to lay and maintain conduits over or under the property.
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Transfer dated 23rd October 1998 – Right of access subject to user contribution and right to lay and maintain conduits over and under the property.
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Carbon/Biodiversity Offsetting – The property is sold with a restrictive covenant preventing the use of the Property for carbon/biodiversity offsetting without prior approval of cemex.
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Drinking Water – The property is sold with a restrictive covenant preventing the use of the property for abstraction of water for drinking purposes.
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<b>Method of Sale</b>
The property is offered by informal tender. Offers, proof of funds and supporting information are to be submitted to Fisher German LLP by 12 noon on Thursday 22nd September 2022.
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