For SaleCommercial Property in Challacombe, Barnstaple, Devon, EX31£465,000

An opportunity to restore old stone barns with an excellent parcel of farmland Land And Old Stone Barns At Withycombe Farm, Challacombe, Barnstaple Devon EX31 4TU (Lot 2) A walled enclosure of old stone barns with alternative use potential (subject to planning) with 40 acres of commercial pasture farmland Lot 2 42.12 acres (17.04 ha) Guide Price £465,000 North Devon coast 9 miles; North Devon link road 12 miles; South Molton 12 miles; Barnstaple 12 miles Run of grazing and mowing land | Old stone barns for refurbishment and potential re-use (subject to planning) | Outstanding location and views | Private water available | Mains water nearby | Well managed land and presented in excellent condition Location Situated in the highly desired Exmoor countryside, the land enjoys picturesque natural beauty, access to the coast, great schools and local services. There is a popular public house and village shop less than 1 mile away, with further facilities in nearby villages, Simonsbath & Exford. The historic market town of South Molton is also nearby, with a wide range of services and shops in the regional town of Barnstaple. The area is renowned for excellent walking, tourism and clear night skies. The nearest mainline railway station is at Tiverton Parkway (40 miles/ circa 1 hour) with regular services to London Paddington (around 2 hours) and Exeter is around a 1 hour drive. Description A parcel of pasture farmland and an enclosure of old stone barns with alternative use potential (subject to planning). The land consists of a very good run of commercial pasture farmland, set across six south-facing field enclosures of a very good size and shape. The fields have been recently refenced and are presented in excellent condition. The land is identified on the Cranfield University Soilscapes maps as “freely draining acid loamy soils over rock… …with potential for year-round grazing”. The land is occupied on a short term licence for grazing and mowing and income is supplemented by a Countryside Stewardship Scheme and lease of sporting rights. Included in this lot is an enticing range of old stone barns within a separate enclosure. The barns require extensive repairs but subject to the necessary consents, could be restored to former glory and alternative uses. The views from the property are south facing and extensive, looking out across a beautiful part of the National Park. Mains electricity & water is understood to run along the local highway (applicants to rely on their own enquiries). A metered privaten borehole water supply is available (buyer to install a sub-meter). The land fronts onto the local highway along the southern boundary and access is via a driveway into Withycombe Farm along the eastern boundary. Works are due to be carried out by the vendor to widen the existing access onto the highway and to provide passing places along the track. General Method of sale For sale as a whole or in up to 3 lots by private treaty. Tenure The property is sold freehold and subject to the leases, licences and agreements whether referred to in these particulars or not. There are two short term grazing & mowing licences and a lease of land and sporting rights. Rights and responsibilities under the various agreements will be divided between lots on a pro-rata basis. Further details are available from the vendor’s agents. Services Mains water & electricity: understood to be available from the public highway – applicants to make their own enquiries. Lot 1: Private borehole water supply connected to a 10,000 litre storage tank, gravity fed to field troughs. The pump requires replacing but it is understood the system would then be operational. Buyers are to rely on their own enquiries. Wayleaves, easements and rights of way A restricted byway crosses part of the property. A right of way will be granted along the farm track along the eastern boundary for the benefit of Lots 1 & 2. In the event they are sold separately, a right of way for the benefit of Lot 3 will be granted across part of Lot 2 through an existing gateway. The property is being sold subject to and with the benefit of all rights including; rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights and obligations, easements and quasi-easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not. Basic Payment The delinked payments relating to the historic Basic Payment Scheme are not included in the sale. Schemes The property is entered into a Countryside Stewardship Scheme with effect from 01.01.2020 for a five year term which is due to expire 31.12.2024. The purchaser will be deemed to have full knowledge of the scheme and will take it on and comply with the scheme from completion as required. The vendor will retain the full payment for this final scheme year. Further details are available from the vendor’s agents. Designations The property is within Exmoor National Park, the North Devon Biosphere Reserve and a Nitrate Vulnerable Zone. Sporting, timber and mineral rights All sporting, timber and mineral rights are included in the freehold sale, in so far as they are owned. The shooting rights across all three lots are understood to be let with the shoot lease. Local authority Devon County Council Covenants and/or restrictions Buyer(s) to take advice from their legal advisers regarding any potential restrictions / covenants listed on the Land Registry Title deeds. VAT Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property, or any part of it, or any right attached to it, becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition. Postcode EX31 4TU Health and safety Given the potential hazards of a working farm and shoot we ask you to be as vigilant as possible when making your inspection for your own personal safety, particularly around any animals and machinery. Viewing Strictly by confirmed appointment with the vendor’s agents, Strutt & Parker in Exeter 01392 215 631. This property has 42.12 acres of land. Situation Situated in the highly desired Exmoor countryside, the land enjoys picturesque natural beauty, access to the coast, great schools and local services. There is a popular public house and village shop less than 1 mile away, with further facilities in nearby villages, Simonsbath & Exford. The historic market town of South Molton is also nearby, with a wide range of services and shops in the regional town of Barnstaple. The area is renowned for excellent walking, tourism and clear night skies. The nearest mainline railway station is at Tiverton Parkway (40 miles/ circa 1 hour) with regular services to London Paddington (around 2 hours) and Exeter is around a 1 hour drive.