Land for saleLot 1 - Stanker Hill Farm, Papplewick, Nottingham, NG15
Under Offer 248 ac. | POA
- 248 acres (100.4 hectares)
- Lot 1 - About 248 acres (100 ha)
- Investment Opportunity
- Productive arable land
- Long term development potential (stp)
- Agricultural Holdings Act Tenancy
- EPC Rating = E
UNIQUE OPPORTUNITY TO ACQUIRE A PRODUCTIVE ARABLE FARM SUBJECT TO AN AGRICULTURAL HOLDINGS ACT TENANCY
The farms surround the village of Papplewick in North Nottinghamshire. Nottingham City lies about 7 miles south and provides a wealth of services, facilities and a main line train link.
The A60 (Nottingham to Mansfield road) lies 1 mile to the east and the M1 Motorway runs north to south about 3.5 miles to the west, providing good access to the rest of the county and further afield.
The nearest train stations are Mansfield (6 miles) and Nottingham (7.5 miles). Nottingham station offers a direct East Midlands service to London from 90 minutes.
International Airports: East Midlands (17 miles) and Birmingham (48 miles).
BEST OFFERS INVITED BY12 noon on Friday 30th September 2016. Contact the selling agents for further information and to obtain the prescribed tender form.
STANKER HILL FARM Papplewick, Nottinghamshire
LOT 1 - STANKER HILL FARM Lot 1 comprises about 248 acres (100 ha) and is sold subject to an existing Agricultural Holdings Act tenancy. The passing rent is £26,000 per annum and this was last reviewed in March 2015.
RESIDENTIAL No. 2 Stanker Hill Farm Cottage. Accommodation in brief: EPC Rating: E No. 3 Stanker Hill Farm Cottage. Accommodation in brief: EPC Rating: E
FARMLAND Classified grade 3 as recorded in the soil survey of England and Wales, the soils belong to the Cuckney 1, Isleham 2 and Aberford series. The land has supported a range of cereal and root crops historically. Previous arable rotations have included; winter wheat, spring barley, maize, sugar beet, potatoes and asparagus. All abstraction licences are owned by the Tenant.
TENURE AND TENANCY INFORMATION - Lots 1 and 2 are available freehold, subject to Agricultural Holdings Act tenancies. Copies of the tenancy agreements are provided within the data room. Please note: Lot 1 - A notice to quit dated 17 May 2016 has been served by the Landlord to resume possession of about 37 acres of land from this tenancy. The land is excluded from the sale plan. The revised rent is yet to be agreed between the Landlord and Tenant. Further details are available in the Data Room. Lot 2 - A rent review from March 2015 is outstanding and the matter has been referred to Arbitration.
METHOD OF SALE AND LOTTING - The lots are offered for sale by private treaty as a whole or in lots.
OVERAGE PROVISION - The parts of the property shown hatched on the overage plan within the data room, will be sold subject to an uplift provision. The uplift clause will specify that 50% of any increase in value of the land or buildings due to development (as defined in Section 55 of the Town and Country Planning Act 1990) will be payable to the Vendors or their successors in title should such development occur within 50 years from the date of completion. The uplift will be payable upon sale or implementation but shall not be triggered by any development for agricultural and/or equestrian purposes.
SERVICES Lot 1: The cottages benefit from mains water and electricity supplies, oil fired central heating and private drainage. Single phase electricity supply to the farm building. Lot 2: The dwelling benefits from mains water, drainage and electricity supplies. Gas fired central heating system.
SPORTING, TIMBER & MINERALS - The sporting and timber rights, so far as they are owned over the freehold of the property, are included in the sale. The mi neral rights and ancillary powers of working are reserved to a third party.
DATA ROOM - A comprehensive Data Room has been produced - contact the sole agents.
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 covenants whether mentioned or not. There are a number of public footpaths that cross the property. The Vendor will retain a right of way for all purposes and at all times along the access track to the cottage known as No.1 Stanker Hill Farm Cottage.
BASIC PAYMENT SCHEMES AND GRANT SCHEMES - We understand the land within lots 1 and 2 is registered to receive payments under the Basic Payment Scheme. All entitlements are owned by the respective tenants and are therefore not included within the sale. Lot 1: Part of the holding is entered into an Entry Level and Higher Level Stewardship Scheme.
DESIGNATIONS - All of the farmland lies within a Nitrate Vulnerable Zone. DRAINAGE - We understand part of the land is under drained. There are no drainage plans available.
PLANNING - All of the land is offered for sale subject to any development plans, Tree Preservation Orders, ancient orders and public rights of way.
BOUNDARIES AND FENCING OBLIGATIONS - The vendor and vendor's agents will use all reasonable endeavours to specify the ownership and boundaries, hedges, fences and ditches, but will not be bound to determine these.
VALUE ADDED TAX - Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property or any part thereof, or any right to it becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition. We understand the farms are opted for VAT and this will be payable in addition to the purchase price.
FIXTURES AND FITTINGS All tenants' fixtures and fittings are specifically excluded from the sale of the freehold of the property.
SOLICITORS NABARRO LLPC/O Mr Uri Pawlowski1 The Avenue, Spinningfields Manchester M3 3AP Tel: 0161 393 4748 Email: firstname.lastname@example.org
VIEWINGS All viewings are strictly by appointment with the selling agent.
HEALTH AND SAFETY Given the potential hazards of a working farm all viewers should take care and precaution and be as vigilant as possible when viewing the land and buildings.
Acreage: 248 Acres
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