Land For Sale £685,000
Location
The land is located on the western fringe of the desirable mid Suffolk village of Wickham Skeith.
The pretty village of Wickham Skeith lies close to the north Suffolk borders and within nine miles to the south of the historic market town of Diss, which offers an extensive and diverse range of many day to day amenities and facilities alongside a mainline railway station with direct services to London Liverpool Street and Norwich. Bury St Edmunds is also found within easy reach lying twenty three miles to the west and more amenities can be found nine miles to the south within the market town of Stowmarket.
Method of Sale
We have been instructed to offer the property for sale by private treaty inviting offers for the whole with the intention of achieving exchange of contracts as soon as possible with completion eight weeks thereafter or sooner by agreement.
It is expected that the purchaser will be required to sign an ‘Exclusivity Agreement’ with a 5% ‘Exclusivity Fee’ being paid to and held by the Vendor’s solicitor. A copy of the draft ‘Exclusivity Agreement’ is available from the Agent.
Vendors’ Solicitor
Barker Gotelee, 41 Barrack Square, Martlesham Heath, Ipswich, Suffolk, IP5 3RF. [use Contact Agent Button]. Contact Name: Miles Coates. [use Contact Agent Button]
Local Authority
Mid Suffolk District Council, Endeavour House, 8 Russell Road, Ipswich IP1 2BX. Telephone: [use Contact Agent Button].
Description
Comprising five principal fields, the sale of the land provides an opportunity to acquire highly productive and attractive farmland in a popular part of the county. In all, the land extends to approximately 66.48 acres (26.9 hectares), as shown outlined red on the enclosed plan. The land has been farmed in-hand by the Vendor through a contract farming arrangement under a typical cereal rotation.
The land is classified as Grade 3 on the DEFRA 1:250,000 Series Agricultural Land Classification Map. The field boundaries are well defined with mature trees, hedges and ditches. There is good access into the land and subsequently, between the fields.
Viewings
At any reasonable time, with particulars in hand, by arrangement with the Agents first.
Rights of Way, Wayleaves, Easements Etc.
The property is sold subject to and with the benefit of all rights of way, wayleaves and easements that may affect the land.
Timber, Sporting and Minerals
All sporting rights, standing timber and mineral rights (except reserved by Statute or to the Crown) are included in the sale of the freehold.
Environmental Stewardship Scheme
The land is included within a Mid Tier Countryside Stewardship Agreement - Agreement No 821946. The Purchaser will be responsible for complying with the terms of the five year scheme through to its termination on 31st December 2024.
Boundaries
These are shown for identification purposes only outlined red on the enclosed plan. Purchasers should satisfy themselves with regard to these as no error, omission or misstatement will allow the purchaser to rescind the contract nor entitle either party to compensation thereof. The land is registered with the Land Registry and forms part of Title Numbers SK342757 and SK342760.
Town and Country Planning
The property is sold subject to any development plans, tree preservation orders, ancient monument orders and Town and Country schedules or other similar matters that may be or come into force.
Outgoings & VAT
The land is sold subject to any drainage rates and other outgoings that may be relevant. Should any sale of the land, or any right attached to it, become a chargeable supplier for the purpose of VAT, such VAT shall be payable by the purchaser in addition to the contract price.
Tenure and Possession
The land is for sale freehold with vacant possession upon completion.
Overage
The field shown as ‘Area 2’ on the plan, extending to 10.33 acres (4.18 hectares), is sold subject to an overage agreement for a period of 25 years from completion. The overage agreement will not apply to any development for the purposes of agriculture, forestry or equestrian activities. An overage payment will be due on the later of the implementation of any other planning permission (including any development under the Town and Country Planning (General Permitted Development) (England) Order 2015 or any successor regulations), or the sale of the land with the benefit of such a planning permission. The overage payment will be 30% of the difference between the value of the land without planning permission and the value of the land with planning permission, less the sum of the costs reasonably and properly incurred by the buyer in obtaining that planning permission, any CIL liability and any payments due under a section 106 agreement.
Holdover
The Vendor reserves the right of holdover for the growing, harvesting and storage of the sugar beet crop through to 31st December 2023.
Quotas and Basic Payment Scheme
No Entitlements nor any quotas or contracts shall be sold with the land.
Ingoing Valuation
If applicable, in addition to the purchase price, the Purchaser will take over and pay for all cultivations and growing crops upon completion. Payment is to be made at the figure assessed by the Vendor’s agent based upon CAAV rates or contractors’ rates where applicable and invoiced costs of seed, fertiliser and sprays applied.
