Land for sale in New Road, Banbury OX15

£750,000 (£10,273.97/ac)
Land for sale From 73 - 74 ac*
Interested in this property? Call +44 1367 232967 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Grade II Arable Land
  • Oxfordshire Cotswold Location
  • Attractive Countryside
  • Good Hedge Boundaries
  • Access via Gates onto Highway

Property description

A Block of Productive Grade II Arable Land Lying in the Oxfordshire Cotswolds.

29.749 hectares (73.51 acres).

The land lies between Banbury (5 miles) and Chipping Norton (8 miles) in attractive countryside and adjoins the A361 as well as the village of Milcombe.


Description


The farmland lies in a single block of 4 fields with good hedge boundaries.

Access to the fields is provided from a number of gates directly onto the highway as well as the initial part of the private drive to Hollies Barn.


Tenure


At present the farm is let on a Farm Business Tenancy and has been well farmed. Due to the sale, notice has been served to terminate the agreement as at 30th September 2021 and provide vacant possession.

Completion of any sale can be as at September or earlier if required by a purchaser.


Rights of way and easements


A footpath (Bloxham 136/8/10) crosses the property from the A361 to Milcombe to the rear of The Hollies.

In addition there are T poles carrying electricity east west across the property.


Entitlements


There are 68.66 bps entitlements currently available with the property and will be transferred to the purchaser following completion subject to any statutory deductions. The 2021 bps payment will be retained by the existing tenant.


Environmental schemes


The property is not in any current environmental scheme.


Planning


The land falls within the Cherwell District Council area and is subject to the current Cherwell Local Plan 2011-2031 as well as the Bloxham Neighbourhood Plan 2015 to 2031.


Overage


The current owners have received interest recently from developers with a view to taking options on the land for residential development.

The owners intend to sell the property subject to an Overage Clause retaining 35% of any potential future uplift in value due to development on the property.


Minerals


Under a previous sale, the minerals rights on part only of the property were retained by a third party. More details are available from the selling agents.


Sale method


The property will be sold as a whole by private treaty. For further information please contact Andrew Brown at our Faringdon Office.


Directions


From the roundabout at the A361/A42 interchange at Chipping Norton take A361 Banbury Road east towards Bloxham and Banbury.

After approximately 6 miles turn left into Milcombe Village and the land will be found on the right hand side of the road. A Marriotts Property llp Sale Board will identify the property.


Viewings


Viewings by appointment only with the agents. Ref: Ajb

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Marriotts, SN7 on +44 1367 232967 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Marriotts, and do not constitute property particulars. Please contact Marriotts for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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