Sold Isle of Ely Way, March

 £40,000

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Arable Land

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Floorplan

Location

Full description

DESCRIPTION
A parcel of Arable Land extending to approximately 5.54 Acres (2.24 Hectares) (STMS) fronting the March Bypass and located on the opposite side of the Bypass to land allocated in the Local Plan. The land is bounded by Isle of Ely Way (A141) to the East and drains to the North and West. The land being sold is registered under Title Number CB217718.

ACCESS
The land is accessed directly off Isle of Ely Way (A141).

POSSESSION
The land is offered for sale with the benefit of vacant possession upon completion of the sale.

OVERAGE CLAUSE
The land is to be sold subject to an overage clause such that the Vendors, and their successors in title, reserve 40% of the increase in value for a period of 25 years. It is intended for the overage clause to be triggered by residential and commercial development, including but not limited to associated infrastructure, roads, accesses, roadside services, telecommunication masts, renewable energies etc. It is not intended for equestrian use, or similar, to trigger the overage clause.

RIGHTS OF WAY & EASEMENTS
The land is offered subject to all existing rights, including rights of way whether private or public, light, support, drainage, water and electricity supply and other rights, easements, quasi easements and all wayleaves whether referred to or not in these particulars.

A powerline crosses the property, for further details regarding the easement refer to the Auction legal pack.

OUTGOINGS
The land falls within the boundaries of The Middle Level Commissioners and the March Third District Drainage Commissioners, for which the Drainages Rates for 2019/20 are £94.64 and £0.91 respectively.

METHOD OF SALE
The property is offered for sale by public auction at a Guide Price of £40,000+ at 19:00 on 19th September at the Oliver Cromwell Hotel, High Street, March Cambridgeshire PE15 9LH.

TERMS OF SALE
The Auction Information and Legal Pack will be available for inspection during the 14 days prior to the Auction. Digital copies of this pack will be available for distribution via email to interested parties or their Solicitors. The sale will be with completion within 28 days of the auction date. At the fall of the hammer the successful Purchaser will be required to pay by cheque 10% of the purchase price with the balance upon completion.

Purchasers will also be required to reimburse the Vendor for the cost of searches the sum of which will be announced prior to the sale. Prospective purchasers are therefore strongly advised to make their financial arrangements BEFORE attending the Auction

Vendor's Solicitor: Fraser Dawbarns LLP, Marchmont House, 62 High Street, March, Cambridgeshire, PE15 9LF.
Telephone: 01354 602880
Reference: Helen Jarvis

VIEWINGS
The land may be viewed at any reasonable hour with a copy of these particulars in hand.

FOR FURTHER INFORMATION
If you have any queries please call our March Professional Office on 01354 602030 and ask for Shirley Pollard or Victoria McIlroy.

PARTICULARS PREPARED
31st July 2019

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Call our March Professional Office on

01354 602030
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