Land for sale

Part of the Ripon City Golf Club course, strategically positioned on the northern fringe of Ripon and adjacent to Palace Road, sold subject to lease expiring in 2048.

Description

DESCRIPTION
The land forms 9 holes of the highly regarded 18 hole golf course, the land is undulating and interspersed with trees and shelterbelts. The western section of the land includes an overflow car park and yard area, with workshop and machine store. This building is a portal frame, with fibre cement roof and sliding timber doors (9.25m (max) x 26 m) utilised by the green keepers and staff, we understand this has been erected
and constructed by the tenants.

The land sits on the northern fringe of Ripon City with road frontage to Palace Road (A6108), the Golf Course Clubhouse and a Tennis Club sit on the northern fringe of the land separated via an access road. The southern boundary is a mixture of grass fields and residential development.

The land is subject to a Landlord and Tenant Act 1954 lease which commenced on 25th March 1998 for a period of 50 years to 24th March 2048. The lease is contracted out of s24-28 of the Landlord and Tenant Act. The lease restricts use of the land to Golf course and ancillary uses associated thereof.

The current passing rent is £12,916.67 (+VAT) or £15,500 inclusive of VAT at the prevailing rate (20%) per annum, rent reviews are at 5 yearly intervals with the next due on 25th March 2028. A copy of the lease agreement is available on request.




Acreage: 53.7 Acres

Additional Info

GENERAL INFORMATION
Rights of Way, Easements & Wayleaves - The property is sold subject to and with the benefit of all existing wayleaves, easements and rights of way. There are no known public rights of way.

Services - The vendors have no knowledge of the connection or availability of services.

Sporting Rights - The sporting rights are included insofar as they are owned.

Mineral Rights - The mineral rights are included in the sale insofar as they are owned.

Sale Condition - The property is sold subject to a 40% development overage to capture uplift in value as the result of the grant of any planning consent, for a period of 90 years from the date of completion of the sale. Excepted forms of development are golf course uses, agriculture (including renewable energy crops), equestrian and forestry.

Local Authority - North Yorkshire Council

Business Rates - The current rateable value for Ripon City Golf Club is £40,500, however the land forms only part of the
hereditament.

Solicitors - Farrer & Co, 66 Lincoln’s Inn Fields, London, WC2A 3LH

VAT - The land is opted to tax for VAT purposes, therefore 20% VAT is payable in addition to the purchase price. For the avoidance of doubt, Stamp Duty Land Tax is payable on the total purchase price of the property including VAT. All offers will be assumed to have been made on a VAT exclusive basis unless otherwise stated.

Postcode - HG4 3HH

what3words - ///scornful.curvy.putts

METHOD OF SALE - The land is offered for sale by private treaty as a whole, prospective purchasers are encouraged to register their interest with Savills as soon as possible.

VIEWING - The land may be inspected at reasonable times, on foot, with a copy of the sale brochure. Upon arrival viewers must visit the Clubhouse and make staff aware, prior to walking the course. Care should be taken, with particular note to open ditches, bunkers, golf players and balls in flight.