Extensive 34-acre plot near Leicester with development upside, subject to uplift clause.
34.37 acres of pasture with historic ridge and furrow
Includes agricultural barn; concrete block and corrugated metal roof
Split into six enclosures with mature hedgerow boundaries
Freehold; currently let under Farm Business Tenancy until 01/11/2025
Sold subject to 30% development uplift for 30 years
Land crossed by public footpaths C50 and D10
Mains water and electricity connected but condition untested
Not registered at Land Registry; first registration pending
An uncommon 34.37-acre holding on the edge of Houghton on the Hill, offered as freehold pasture with an agricultural barn. The land is split into six enclosures with gently undulating pasture, historic ridge and furrow, mature hedgerows and clear open views toward the village church. Mains water and electricity are understood to be connected but have not been tested.
This site suits agricultural, equestrian or long-term investment ownership. It is currently occupied under a Farm Business Tenancy which expires on 1 November 2025, giving a defined vacant possession date but limiting immediate possession. Access is direct from Main Street and the land is crossed by public footpaths C50 and D10.
Notable transactional restrictions: the sale is subject to a development uplift clause entitling the vendor to 30% of any increase in value from non-agricultural/equestrian planning permissions for 30 years. The land is unregistered (first registration pending) and will be sold with existing rights, easements and covenants described in the information pack. VAT may be payable if any part is elected.
Practical positives include excellent mobile signal and fast broadband for a rural holding, a substantial barn suitable for storage or livestock, and proximity to village amenities and high-quality schools. Practical negatives to consider before viewing: services untested, the uplift clause materially reduces redevelopment proceeds, public footpaths cross the site, and certain covenants and wayleaves apply.