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Farm land for sale

Land at North East Mason Farm, Dinnington

Withdrawn from Market £1,000,000

Property Description

Full description

Tenure: Freehold

LOCATION
The Land is situated on the outskirts of the village of Dinnington. It is approximately 3.5 miles East of Ponteland and 3 miles North West of the A1.

DESCRIPTION
The sale of North East Mason Farm provides the purchaser with the opportunity to acquire a block of productive arable land. The land totals 148.08 acres (59.43 ha) of which all, except 5.61 acres, is ploughable arable land. It is in good condition with a strict crop rotation policy utilised and is well laid out for modern farming with well proportioned and easily accessible fields.

The land offers the opportunity for informal shooting; at present there is game cover provided and a duck pond for flighting opportunities. In its entirety the land is classified as Grade 3 and is farmed in accordance with an exisitng HLS agreement. The land is located close to both Meldon Grain Store (15 miles) and Hartley Mains Grain Store (9 miles) with major road links also near by. In addition, given the proximity of the village of Dinnington there is medium to long term development potential.

ACCESS
The land is accessible via a hard track from the main road. The track shaded green on the plan is reserved from the sale, however access will be permitted for agricultural vehicles only.

COVENANTS
A previous owner has imposed a covenant restricting the use of the land to agriculture, although equestrian use is permitted, on the following parcels: 4068, 6670, 9664, 9481, 1065, 1558. This covenant runs from the 27 June 1997 to June 2018. The same covenant is also in place on parcels: 7054 2673, 3410, 0317, 1093, for a period of 21 years from 15 May 1996 to May 2017.

CLAWBACKS
The vendors wish to impose a clawback within the sales contract over the entire sale area amounting to 10% of any uplift in value on sale as a result of planning permission for purposes other than agriculture or equestrian use for a period of 25 years from the date of completion.

TENURE
Freehold, with vacant possession on completion.

SPORTING RIGHTS
These are included in the sale.

MINERALS
These are not included in the sale, having being reserved by a previous owner.

EASEMENTS/WAYLEAVES
The land is sold subject to and with the benefit of all rights of way, water, drainage, watercourses, light and other easements, quasi or reputed easements and other rights of adjoining owners (if any) affecting the same and all matters registerable by any competent authority subject to statute.

SERVICES
There is a mains water supply with the meter situated at the western junction of the access track (shaded green). The pipe from this meter runs eastwards following the track to supply water to fields 6670 and 9664. The remaining land is for the most part supplied by natural water.

BASIC PAYMENT SCHEME
The land is registered on the Rural Land Register. The vendor reserves the right to claim the Basic Payment in 2014. Scheme entitlements will be included in the sale and available to the purchaser for future scheme years. The purchaser will be required to meet YoungsRPS cost of completing and submitting the transfer paperwork to the RPA in the sum of £250 + VAT per transaction.

ENVIRONMENTAL SCHEMES
Some of the land is entered into both ELS and HLS schemes and managed accordingly; further details of the schemes are available on request.

The successful purchaser will be required to take over the existing agreements and indemnify the vendor.

HOLDOVER
The vendors reserve the right of holdover in respect of any crops yet to be harvested at the time of sale. Otherwise immediate entry subject to contract.

LEGAL FORMALITIES
Exchange of contracts will take place as early as possible but in any event no later than the expiry of the 8 week period referred to above, with completion occurring 14 days thereafter.

COSTS
Each party to bear their own costs.

LOCAL AUTHORITY
Newcastle City Council.

MONEY LAUNDERING
The purchaser will be required to provide proof of identification to comply with Money Laundering Regulations in the form of a copy of a the purchasers passport together with a copy of a recent utility bill as proof of residence.

VIEWING
Strictly by appointment with the Agent.


More information from this agent

Listing History

Added on Rightmove:
17 April 2014

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