Land for sale

Tenure: Freehold

Situation

The land is situated to the east of the village of East Raynham between Fakenham and Swaffham. Fakenham is approximately 4.8 miles north-east of the property with Swaffham being approximately 12.7 miles to the south-west.

Description

A compact block of good quality land extending to approximately 999.84 acres (404.63 hectares). There are about 985.71 acres (398.91hectares) of arable land together with 7 acres (2.84 hectares) of woodland. The land is gently rolling towards the River Wensum. The farmland has been farmed as part of a larger farming enterprise by Rayham Estate's farming company.

This productive arable land is described by the Soil Survey of England and Wales as Whimple 1 series being a fine loam over clayey soils suitable for cereals and some root crops.

The land has grown a wide rotation of crops largely including wheat, barley, oil seed rape, peas and sugar beet.

Post Code
NR21 7EH.

General Remarks and Stipulations

Method of Sale
The property is offered for sale as a whole by private treaty.

Tenure and Possession
The property is freehold.

Exchange of Contracts
Exchange of contracts to take place no later than 20 days from the date of receipt of draft contracts by the purchasers solicitors and a 10% deposit is payable on exchange. Completion by arrangement.

Fixtures and Fittings
All fixtures and fittings are specifically excluded from the sale.

Sporting Rights
The sporting rights are included in the sale so far as owned subject to the current sporting licence terminating at the end of the 2012/2013 season.

Wayleaves, Easements and Rights of Way
The property is sold subject to and with the benefit of all existing wayleaves, easements and rights of way whether public or private and specifically mentioned or not. In particular the following should be noted:-

1. Wayleaves for 3 electricity overhead lines.
2. There is a 'road used as a public path' located to the north of the land from the A1065 running eastwards.
3. There is a footpath across the southern corner of field number 8684.

Timber and Minerals
The timber and mineral rights are included in the sale so far as owned.

Agri-Environmental Schemes

Entry Level Scheme
The land forms part of an Entry Level Scheme which commenced on 1st March 2011 for a period of 5 years. This produces an annual payment of £30 per hectare subject to being able to comply with the requirements under the Entry Level Scheme.

Designations
The land is within a Nitrate Vulnerable Zone.

Land Drainage Charges
Drainage rates are payable to the Environment Agency and the 2012/13 period will be apportioned on completion.

Single Farm Payment
The land has been registered with the Rural Payments Agency. The entitlements confirmed by the 2011 entitlement statement are as follows:

Normal 402.36 hectares at - 321.61

The vendor will use reasonable endeavours to transfer the entitlements to the purchaser. The 2012 single farm payment will be retained by the vendor.

Local Authority
North Norfolk District Council, Council Offices, Holt Road, Cromer, Norfolk, NR27 9EN
Tel no. 01263 513811

VAT
In addition to the purchase price should any sale of the property or any right attached to it become a chargeable supply for the purposes of Value Added Tax such tax shall be payable by the purchaser in addition to any monies to be paid during the course of the sale and the purchaser shall indemnify the vendor in respect thereof including any interest or penalties.

Further details available from the Selling Agents

Accommodation

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