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Newlands Ln - Land at Newlands Farm 34.5 Acres of Agricultural Land Offered at $474,190 in Ramsgate CT12 6RH
Investment Highlights
- Land accessed from Newlands Lane
- A299 provides access to M2 motorway
Executive Summary
The Property is sold subject to an existing overage for a period of 80 years from the 17 May 2005 (60 years remaining). The overage payment is due on a relevant disposal or the implementation of planning permission for development (excluding agricultural or education uses). The overage payment is equal to 35% of the Enhanced Value of the land subject to the relevant planning permission.
Property Facts
| Price | $474,190 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Agricultural |
| Tenure | Freehold | Total Lot Size | 34.50 AC |
| No. Lots | 1 |
| Price | $474,190 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 34.50 AC |
1 Lot Available
Lot
| Price | $474,190 | Lot Size | 34.50 AC |
| Price Per AC | $13,744.65 |
| Price | $474,190 |
| Price Per AC | $13,744.65 |
| Lot Size | 34.50 AC |
A block of productive arable land, classified as Grade I and II, and suitable for growing a range of crops. Historically the land has been used for growing potatoes. The land is level and the boundaries are mostly defined.
Description
The property is situated on the urban fringes of Ramsgate and Broadstairs in the Isle of Thanet. Ramsgate is a port town located approximately 6 miles south of Ramsgate and 18 miles north-east of Canterbury. The land is accessed from Newlands Lane. Access to the A299 Thanet Way linking to the M2 motorway 8.5 miles.
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Newlands Ln - Land at Newlands Farm
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