4.92 Acres of Land

Farm Land

• FOR SALE BY INFORMAL TENDER - Closing date: 29th July 2021 at 2pm
• LOT 2 - 4.92 acres

LOCATION:

The land lies on the west side of the A582 Penwortham Way approximately 1.5 miles south of Penwortham, 1 mile west of Bamber Bridge and approximately 3 miles from the M6 junction 29. The lot has access direct from the A582 Penwortham Way these access points being indicated by a Richard Turner & Son sale board.

ENTITLEMENTS:

The Purchaser will be required to purchase the Basic Payment Entitlements in addition to the purchase price of each Lot. The purchase price of the entitlements will be £250.00 (plus VAT if appropriate) in respect of Lot 2.

WATER:

Mill Brook passes between Lots 1 and 2 and both Lots can obtain access to the brook to water animals.

A582 ROAD WIDENING:

The land lies within an area which has been identified for the A582 Penwortham Way Road Widening Scheme details of which can be found on the Lancashire County Council website. A substantial area of Lot 1 and a smaller area of Lot 2 are identified for acquisition by Lancashire County Council should the scheme proceed.

In the event that the scheme proceeds the freehold owners of the land will be entitled to compensation from the acquiring authority at market value together with statutory loss payments (up to an additional 10% of market value if the landowner qualifies) and disturbance payments together with payment of reasonable professional fees.

OVERAGE:

The sale is subject to a 50% overage in respect of any uplift in value due to non-agricultural or non-equine development. This will be triggered by the obtaining of planning permission and payable upon the earlier of disposal of the land or implementing the permission.

TENURE AND POSSESSION:

The property is freehold and vacant possession will be available on completion of sale.

TENDERS:

All tenders should be submitted on the enclosed form to Richard Turner & Son, 14 Moss End, Crooklands, LA7 7NU in a sealed envelope clearly market ‘Penwortham Way Tender’ no later than 2pm on Thursday 29th July 2021.