Lumleys Copse, Stocksfield, Northumberland. Broadleaves and glades within a larger gated wood half an hour from Newcastle city centre. 3.17 acres for £38,000 (freehold) [#A1649]
The following summary is provided in good faith by the vendor, but purchasers will need to satisfy themselves in respect of the minerals.
A transfer dated 1997 reserved the mineral right to the British Coal Corporation. An Option Agreement allows Harworth Estates to take a lease for the extraction of coal if they so wish until 2036. A purchaser will need to enter into a Deed of Covenant to protect this Option.
In the event that the minerals are exercised the owner shall receive compensation in the sum of £1/tonne of coal extracted plus an annual equivalent agricultural rent.
Hyons Wood is the subject of historic mining. A plan of the adits and shaft is attached but there may be other unmarked adits, shafts and sink-holes. The Coal Authority has a right of access for inspection and maintenance.
If you would like to receive news of new woodlands for sale in the UK as soon as they come on the market enter your email address here. This service is FREE.
Tweets by @woods4sale