Land At Old Costessey, Ringland Lane, Costessey, Norwich, Norfolk, NR8

Predominantly arable land in a single parcel

Development potential subject to planning permission

Land at Costessey Village, Norwich, Norfolk

Predominantly arable land in a single parcel

Development potential subject to planning permission

Extending to 6.35 hectares (15.70 acres) in total

Detailed Description

DESCRIPTION
The land at Costessey extends to 6.35 hectares (15.70 acres) of primarily arable land but including part of Brickfield Loke to the south. The
attractive parcel is bordered by trees and hedges, and the land benefits from good road frontage to the east via Ringland Lane.

The land is classified as Grade 3 on the Provisional Agricultural Land Classification Sheet and identified as being being part of the Adventurers'
2 series being described generally as freely draining slightly acidic sandy soils.

The land has formerly been let on a seasonal cropping licence.

The location and setting of the land present opportunities for other uses subject to planning permission.

If an applicant is interested in the purchase of any part of the property, they are invited to discuss this with the selling agent.

LOCATION.
The land is located off Ringland Lane to the north-east of Costessey, between the Queen's Hills estate and Costessey village.
Costessey is located 4 miles northwest of cathedral city of Norwich, and offers a range of local amenities, including schools, health care
services, parks, and a wide range of shops including the Longwater Retail Park.

The what3words reference for the land is ///offstage.bliss.ideals

GENERAL REMARKS & STIPULATIONS
METHOD OF SALE
The property is offered for sale by private treaty as a whole.

TENURE & POSSESSION
The property is offered for sale freehold with vacant possession after the harvest of the maize crop.

EXCHANGE OF CONTRACTS & COMLPETION
Exchange of contracts with will take place within 21 days of receipt by the purchasers' solicitor of a draft contract with completion no later
than 28 days thereafter. A deposit of 10% of the purchase price will be payable of exchange of contracts.

PREVIOUS CROPPING
The previous cropping for the land has been as follows:
2026 - Maize
2025 - Fallow
2024 - Maize
2023 - Maize
2022 - Maize

WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The land is sold subject to and with the help and benefit of all existing rights, including rights of way whether public or private, light, support,
drainage, water, and electricity supplies and other rights, easements, quasi-easements and all wayleaves whether referred to or not in these
particulars. In particular it should be noted that:

- There are rights of access along Brickfield Loke to the neighbouring
properties.
- The neighbouring landowner benefits from a right to convey water through a conduit across the property. With appropriate notice, they
also have the right to enter the land for the purpose of inspecting, repairing, renewing, maintaining, replacing, or cleansing the conduit.

OVERAGE
The property will be sold subject to an Overage provision for 30 years which will be secured in the manner to be advised by the sellers'
solicitor. The buyer and their successors in title will pay to the sellers or their successors in title 30% of any uplift in value attributable to a
planning permission, including any subsequent permissions, (or other approval under the Town & Country Planning Acts) on each occasion, for
a non-agricultural use. The Overage sum will be payable on the first of the implementation of the consent or disposal of the property post consent.

The uplift in value to be assessed will be the difference between the development value of the land post planning consent, less the reasonable expenses of securing the planning permission (such as planning fees, surveys and reports, legal and agents' fees plus VAT) compared with the base value of the land being the sale price, or the
open Market Value of the land without the benefit of the planning consent. The Base Value will be reassessed at the date of each trigger
event.

VIEWING
By appointment with the selling agents Brown & Co. Please contact Sarah Lucas.

HEALTH & SAFETY
Neither the seller nor the selling agents are responsible for the safety of those viewing the property and accordingly those viewing the property do
so at their own risk.

ANTI-MONEY LAUNDERING
In accordance with the recent Anti-Money Laundering legislation, the purchaser will be required to provide proof of identity and address to the
Selling Agents once an offer is submitted and prior to the solicitors being instructed.