Farm land for sale64.10 acres (25.94ha) land at Three Horseshoes Farm, Weston Colville, South Cambs
Withdrawn from Market £45,000
An opportunity to purchase a well maintained block of productive agricultural land together with a separate paddock, all of which has been in the same family ownership for over 60 years. The land is located in an attractive part of South Cambridgeshire on the edge of the village of Weston Green which lies on the Cambridgeshire/Suffolk border. The land will appeal to both established farming businesses, as well as investors and amenity/equestrian buyers.
The land is located immediately north of the village of Weston Green with access from Mill Hill and Horseshoes Lane. The world famous horseracing town of Newmarket is approx. 8 miles to the north and the University City of Cambridge is approximately 15 miles north-west.
METHOD OF SALE
For sale by private treaty in two lots as described below.
The land is contained within a single block with frontage to the council highway known as Mill Hill, along the western boundary and further vehicular access to the south from Horseshoes Lane. The land is bordered to the east by the River Stour along the majority of the boundary and there are a number of mature hedgerows which enhance the amenity and environmental benefits of the land.
All of the land is classified as Grade 2 and is of the Hanslope soil series being a semi-permeable calcareous clay suitable for cereals and grassland, and capable of producing some excellent combinable crop yields. The land is believed to have been under-drained where necessary however there are no drainage plans available.
LOT 1- Arable land extending to 62.10 acres (25.13 ha)
The land is divided into three level parcels with vehicular access directly from Mill Hill and Horseshoe Lane.
The land is currently drilled to winter barley, and is farmed by a local farmer on an informal arrangement which is due to terminate after the 2016 harvest. The rotation has included winter wheat, spring and winter barley and short term grass leys in recent years.Further details of past cropping are available from the Agents.
LOT2 - Grass paddock extending to 2.00 acres (0.84 ha)
A single grass paddock situated at the end of a no through road and conveniently located on the outskirts of the village. Access to the land is across the track leading from Horseshoe Lane.
The field has mature hedgerow boundaries and frontage to the River Stour along the southern boundary.
NB: A right of access will be granted for the benefit of Lot 2 across the track leading from Horseshoe Lane for all purposes and at all times subject to paying a fair proportion of the maintenance costs of the track.
The land is to be sold subject to an Overage in the event that planning permission is granted for any non-agricultural development on the land cross-hatched black. The overage will not be triggered by planning permission for equestrian use. The overage uplift will be for 40% of any net development value resulting from the grant of planning permission within a period of 30 years from completion of the sale. The overage will be triggered on commencement of the development or on the disposal of the land with the benefit of planning permission, whichever is sooner.
TENURE & POSSESSION
The land is occupied on an informal annual tenancy which is an inter-family arrangement and the tenancy will be terminated following the 2016 harvest.
The land is to be sold Freehold with vacant possession on completion.
The land is subject to standard Environment Agency drainage rates of £90.48 for 2016/17.
If the sale of the property or any right attached to it is deemed a chargeable supply for the purpose of VAT, such tax shall be payable by the purchaser in addition to the sale price.
TOWN & COUNTRY PLANNING
The land is situated within South Cambs. District Council and is sold subject to any development plans, tree preservation orders, town planning schedules, applications, permissions and resolutions which may be or come into force. The purchaser(s) will be deemed to have full knowledge and have satisfied themselves as to the provisions of any such matters affecting the property.
BASIC PAYMENT SCHEME
The land is registered with the Rural Payments Agency for the Basic Payment Scheme and the entitlements are registered to the existing tenants. The entitlements are available to purchase by separate negotiation and will be transferred to the purchaser(s), subject to RPA approval.
The following entitlements are registered to each lot:
LOT 1 25.10
LOT 2 0.88
The outgoing tenant will retain the BPS income for the 2016 scheme year and the purchaser will be required to indemnify the claimant with regard to any claim in respect of breach of cross compliance or any other relevant scheme regulations for the 2016 year.
ENVIRONMENTAL & GRANT SCHEMES
There are no environmental schemes on the land.
SPORTING, TIMBER & MINERALS
All sporting, timber and mineral rights are included in the sale insofar as they are owned.
WAYLEAVES, EASEMENTS, COVENANTS & RIGHTS OF WAY
The land is sold subject to and with the benefit of all existing wayleaves, easements, covenants and rights of way whether or not disclosed. In particular:
1. There is a public bridleway from Horseshoe Lane along the track leading north-south towards Lower Wood.
2. There is a right of access from Horseshoe Lane across the southern end of the track in favour of the owners of the wood yard.
3. The track leading north-south towards Lower Wood is excluded from the sale however there is a right of way across the southern end in favour of the current owners of Lot 1 to pass between the arable fields.
4. There is a permissive footpath along part of the northern boundary of Lot 1 adjacent to Lower Wood.
TENANT RIGHT & DILAPIDATIONS
The land will be left in stubble following harvest and the straw will be baled and removed. It is not envisaged that there will be any claim for tenant right matters.
The purchaser shall not claim for dilapidations, if any, in relation to the property.
EXCHANGE & COMPLETION
Exchange of contracts shall be within 28 days of the purchaser(s) solicitor receiving a draft contract. Completion will be by agreement between the parties following harvest but no later than 29th September 2016.
The vendor and vendor´s agents will do their best to specify the ownership of boundary hedges, fences and ditches but will not be bound to determine these. The property is available for inspection and the purchaser(s) will be deemed to have satisfied themselves as to the ownership of the boundaries.
PLANS, AREAS & SCHEDULES
Plans attached to the particulars are based upon the Ordnance Survey and are for identification purposes only. Copies of RPA maps are provided within the additional information pack available from the Agents.
South Cambs. District Council, Southern Cambridgeshire Hall, Cambourne Business Park, Cambourne, Cambridge, CB23 6EA Tel: 03450 450 500
Anglia Water, Customer Services, PO Box 10642, Harlow, CM20 9HA Tel: 03457 145 145
VIEWINGS & FURTHER INFORMATION
The land can be viewed at any reasonable time with a copy of the sales particulars to hand. For further information please contact Simon Gooderham or Catherine Hackshall, Cheffins Cambridge (01223) 213777.
As always, potential hazards exist on working farms and it is requested that all viewings are undertaken with care and regard to safety particularly with regard to any areas in and around buildings.
The nearest residential postcode is CB21 5NU
Ashton Legal, 81 Guildhall Street, Bury St Edmunds, Suffolk, IP33 1PZ Tel: 01284 762331 ref Jeanette Dennis email@example.com
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