Pike Road, Penhow, Caldicot, Monmouthshire, NP26

Description

An opportunity to purchase an attractive ringfenced block of pasture land extending to approximately 20.47 acres (8.28 ha). The land comprises four well-proportioned enclosures bound by stock proof fencing and mature hedgerows. The Land at Penhow is gently undulating and is currently used for agricultural purposes, however presents an opportunity for alternative uses subject to the relevant planning consents. The land is available as a Whole or in two separate Lots.

Situation & Directions

The land is located between the rural villages of Penhow and Llanvaches within the County of Monmouthshire. When heading east on the A48 from Newport turn left immediately after the Rock and Fountain Inn. Take the first left off Pike Road where the access points to the land can be found at the entrance to the Rock and Fountain car park. When using the mobile App – What Three Words: Lot 1: quarrel.appealed.gems Lot 2: teacher.angel.negotiators

Lot 1 - Offers in Excess of £200,000

A single parcel of pasture land extending to approximately 4.93 acres (1.99ha). The land is accessed via right of way from Pike Road. There is a large Dutch Barn (130m²) and Lean-to (145m²) located to the southern boundary of the parcel which presents a great opportunity for alternative uses (STP). We are advised that water connections are available.

Lot 2 Offers in Excess of £200,000

Three adjoining parcels of pasture land extending in total to 15.54 acres (6.29 ha). There is a small area of woodland located to the south western boundary of the land. Access is provided by right of way from Pike Road. We are advised that water connections are available.

Tenure

Freehold with vacant possession upon completion. We are aware there is a historic restrictive covenant on the land until 21 April 2067 that the property is not to be used or occupied for anything other than agriculture (but excluding horticulture, market gardening and the erection of a farmhouse or any other dwelling). The vendor has taken out an indemnity policy.

Basic Payment Scheme

The land is registered with Welsh Government for the Basic Payment Scheme. There are no Basic Payment Scheme Entitlements included with this sale.

Lotting & Reserve

It is anticipated that the property will be offered as shown however, the Vendor reserves the right to withdraw, alter or amend the extent of the property being offered.

Rights of Way, Easements & Covenants

The property is sold with any rights, easements or incidents of tenure which may affect it. Freehold with vacant possession upon completion.

Planning

Potential purchasers are advised to make their own enquiries for alternative uses with the Local Authority – Newport City Council

Viewing Arrangements

At any reasonable daylight hour with a set of sales particulars and with the usual courtesy shown to the occupier. Please inform the Sole Agents David James on that you are viewing the property.

Sale Method

The property is for sale by Informal Tender. Tenders are to be received no later than 12 noon on Tuesday 20th September 2022 at the offices of David James, Court Barn, West End, Magor, Monmouthshire, NP26 3HT. Tender Forms and further information are available from the Agent.