Land For Sale £1,130,000
187.5 acres (75.89 hectares) of productive and accessible farmland in varying parcel sizes.
Description
Closing date for offers - Wednesday 29th June
The farmland lies in five blocks between Welton and Rosley, predominantly with road frontage. The land is level with some gentle undulation in height between 100 to 140 metres above sea level and is classified as Grade 3 under the maff Provisional Agricultural Land Classification. Soils are from the Clifton series, common to the locality, described as reddish loam soil suitable for cereals or grassland.
The land is available as a whole or in five lots as set out below. Each lot, with the exception of Lot 1, has direct access to the public highway.
Lot 1 (blue) – Land at Iron Gill
About 70.2 acres of grassland and woodland
Guide price £395,000
Lot 2 (red) - Land west of Ling Lane
About 75.3 acres of grassland
Guide price £435,000
Lot 3 (light blue) – Land east of Ling Lane
About 10.6 acres of temporary grass / arable land
Guide price £75,000
Lot 4 (purple) – Land south of Ling Lane
About 26.9 acres of grassland
Guide price £175,000
Lot 5 (orange) – Land at Welton
About 4.4 acres of grassland
Guide price £50,000
Acreage:
187.5 Acres
Additional Info
Rights of Way, Easements & Wayleaves - The property is sold subject to and with the benefit of all existing wayleaves, easements and rights of way. A public footpaths runs through Lot 4. Lot 1 benefits from a right of way over a track from Ling Lane
Tenure - The freehold is offered for sale subject to Farm Business Tenancy agreements and Grazing Licences terminating 31st August 2022; the agreements contain early termination provisions.
Services - Mains water is connected to some lots.
Sporting Rights - The sporting rights are included insofar as they are owned.
Mineral Rights - The vendors reserve all mines and minerals from the sale with underground working powers only.
Sale Conditions - The land will be subject to a non-agricultural, forestry or equine development overage set at 30% of any uplift in value as the result of the grant of any planning consent, for a period of 50 years from the date of completion of the sale.
Subsidies and Grants - The land is registered on the Rural Land Registry. The outgoing tenants have taken the Lump Sum Exit Payment in 2022, therefore no Entitlements are included in the sale. The selling agents will endeavour to facilitate transfer of rlr field parcels to the purchaser(s) post sale.
Lots 1 & 2 currently form part of a wider Countryside Stewardship Mid-Tier agreement, which expires in December 2022. It is intended the successful purchaser(s) of these lots would work with the vendor and former tenant to subdivide the agreement or continue with the scheme obligations for the remainder of the term. Further details available on request.
VAT - Lots 3 & 5 are 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.
Method of Sale - The land is offered for sale by private treaty as a whole or in five lots. Offers for part or sub-lots of the land may be considered. All prospective purchasers are encouraged to register their interest with the selling agents.
Description
Closing date for offers - Wednesday 29th June
The farmland lies in five blocks between Welton and Rosley, predominantly with road frontage. The land is level with some gentle undulation in height between 100 to 140 metres above sea level and is classified as Grade 3 under the maff Provisional Agricultural Land Classification. Soils are from the Clifton series, common to the locality, described as reddish loam soil suitable for cereals or grassland.
The land is available as a whole or in five lots as set out below. Each lot, with the exception of Lot 1, has direct access to the public highway.
Lot 1 (blue) – Land at Iron Gill
About 70.2 acres of grassland and woodland
Guide price £395,000
Lot 2 (red) - Land west of Ling Lane
About 75.3 acres of grassland
Guide price £435,000
Lot 3 (light blue) – Land east of Ling Lane
About 10.6 acres of temporary grass / arable land
Guide price £75,000
Lot 4 (purple) – Land south of Ling Lane
About 26.9 acres of grassland
Guide price £175,000
Lot 5 (orange) – Land at Welton
About 4.4 acres of grassland
Guide price £50,000
Acreage:
187.5 Acres
Additional Info
Rights of Way, Easements & Wayleaves - The property is sold subject to and with the benefit of all existing wayleaves, easements and rights of way. A public footpaths runs through Lot 4. Lot 1 benefits from a right of way over a track from Ling Lane
Tenure - The freehold is offered for sale subject to Farm Business Tenancy agreements and Grazing Licences terminating 31st August 2022; the agreements contain early termination provisions.
Services - Mains water is connected to some lots.
Sporting Rights - The sporting rights are included insofar as they are owned.
Mineral Rights - The vendors reserve all mines and minerals from the sale with underground working powers only.
Sale Conditions - The land will be subject to a non-agricultural, forestry or equine development overage set at 30% of any uplift in value as the result of the grant of any planning consent, for a period of 50 years from the date of completion of the sale.
Subsidies and Grants - The land is registered on the Rural Land Registry. The outgoing tenants have taken the Lump Sum Exit Payment in 2022, therefore no Entitlements are included in the sale. The selling agents will endeavour to facilitate transfer of rlr field parcels to the purchaser(s) post sale.
Lots 1 & 2 currently form part of a wider Countryside Stewardship Mid-Tier agreement, which expires in December 2022. It is intended the successful purchaser(s) of these lots would work with the vendor and former tenant to subdivide the agreement or continue with the scheme obligations for the remainder of the term. Further details available on request.
VAT - Lots 3 & 5 are 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.
Method of Sale - The land is offered for sale by private treaty as a whole or in five lots. Offers for part or sub-lots of the land may be considered. All prospective purchasers are encouraged to register their interest with the selling agents.
