Land for sale in Woodland Off, Reepham Road, Felthorpe, Norfolk NR9

For sale by auction on Wednesday, 01 May 2024 at 11:00

Venue: Livestream Auction

Rare opportunity to acquire 6.45 acres of mature woodland

Forming part of the large Felthorpe woods this part is known as Nurse Wood. It contains sweet chestnut, oak, birch and rowan and the trees date from post 1950. This is an opportunity for someone looking for their own wood to manage and upgrade whilst providing a source of firewood. It has good access with public roads along its three boundaries and is located around seven miles north west of Norwich.

There are many benefits from owning woodland including tax advantages. After two years ownership, commercially managed woods qualify for 100% inheritance tax relief. Timber sales are free of income tax and capital gains tax.

Viewing
Any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.

Note
Please would all interested parties register their interest with the Auctioneers in order that they may be kept up to date with any developments.

Boundary
The western boundary of the site is marked by two posts painted blue.

Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.