Large freehold block with barns and clear development potential for investors.
Approximately 51.68 acres of Grade 3 permanent pastureland
Approximately 51.68 acres of gently sloping Grade 3 permanent pasture divided into six enclosures, offered freehold with vacant possession. The holding includes a 15m x 7.5m Dutch barn and a derelict brick-and-tile building (approx. 80m²) that may suit conversion to residential or commercial uses, subject to obtaining planning consent. Mains water and electricity are connected to the buildings.
The site sits on the edge of Elmesthorpe with good transport links (Junction 2 M69 c.3.5 miles) and excellent mobile signal. Land to the immediate north has been identified in an emerging neighbouring local plan as a potential allocation for up to 2,000 homes, which may influence long-term value and planning outlook. The parcel contains a watercourse corridor and a public footpath crosses a small section of the land.
Suitable buyers include investors, developers or land managers seeking agricultural land with development upside, biodiversity opportunities or tree-planting potential. Note the majority of the land was grazed and cut for hay historically but was not farmed in 2024; purchasers should satisfy themselves on soils and current condition prior to offer.
Important commercial conditions are attached: the sale includes an overage clause reserving 30% of any uplift in value from a change of use or planning permission for 30 years. Access is via a right of way over Spinney Farm Close; the land is sold subject to any existing easements, wayleaves and rights of way.
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