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Land for sale

Main Street, Cotterstock, Oundle, PE8

Under Offer £6,550,000

Property Description

Key features

  • Highly productive Grade 3 arable land
  • 214.06 hectares (528.93 acres)
  • Grade 2 listed six bedroom farmhouse
  • One bedroom stable annex / conversion
  • Modern and traditional farm buildings
  • Consent for 1,500 tonne grain store
  • Paddock land

Full description

Best Offers should be submitted for the property or for specific lots by 12 NOON on FRIDAY 12th AUGUST 2016 to FOX BENNETT, 6 LEWIS COURT, GROVE PARK, ENDERBY, LEICESTER LE19 1SD.

A wonderfully positioned farm in a picturesque riverside location with listed stone farmhouse, separate converted stone residential barn, useful modern and traditional stone farm buildings with productive arable and pasture land extending in all to 528.93 acres.

Church Farmhouse has been tastefully extended to enhance the views across the river and adjoins the original farmstead with the recently converted Stables providing separate accommodation.  The buildings offer potential for conversion to other purposes, including possible residential use and equestrian facilities (subject to planning consent).

The land is well farmed and is predominantly in a cereal rotation with pasture fields adjoining the farmstead and adjacent to the village of Cotterstock. The land is classified as being Grade 3 under the Ministry of Agriculture Fisheries & Foods Provisional Land Classification plans. 

Good blocks of arable land are situated near the village of Glapthorn, close to Oundle, and also at Warmington with grassland next to the River Nene on which there may be potential for leisure development (subject to planning consent).

The farm is offered for sale as a whole or in 8 lots presenting a wide range of options for buyers.

Lot 1 – 6 bedroom stone farmhouse, barn conversion, range of traditional and modern farm buildings and 80.63 acres of arable and pasture land.

Lot 2 – 21.52 acres pasture land situated adjoining the village

Lot 3 – 40.22 acres arable land 

Lot 4 – 253.51 acres arable land with planning permission for 1,500 tonne grain store

Lot 5 – 34.27 acres arable land

Lot 6 – 3.28 acres grassland close to the village

Lot 7 – 95.30 acres arable, grass and woodland with river frontage

Lot 8 – Former grain drier situated at Tansor Grange

Situation 
Church Farm is situated on the eastern edge of the village of Cotterstock, adjacent to St Andrew’s Church, and overlooking the River Nene, approximately 2 miles north of the town of Oundle, where local services, shops and leisure facilities are available.

The farm is approximately 14 miles west of the city of Peterborough with access to the A1 trunk road and mainline railway station with East Coast Railway reaching Kings Cross, London in an advertised time of 50 minutes.

Well regarded local schools are at nearby Oundle and Stamford, and primary schooling is at Glapthorn and Oundle.

Tenure and Method of Sale 
The farm will be sold by Private Treaty. Freehold with vacant possession subject to a holdover provision to remove and store the crops.

Holdover
The Vendor requires holdover to clear the current crops from the farm buildings. Vacant possession will then be given, but no later than 30th April 2017. 

Ingoing Valuation
If applicable, in addition to the purchase price, the Purchaser will take over and pay for all growing crops, cultivations stocks and stores at valuation. Payment is to be made upon completion at the figure assessed by the Vendor’s valuer based upon CAAV rates or contractors’ rates where applicable and invoiced costs of seed, fertiliser and sprays applied plus enhancement value.

Basic Payment Scheme 
The Vendor will retain the Basic Farm Payment for 2016. The entitlements will be included in the final sale price and the Vendor will make best endeavours to transfer these to the Purchaser on completion. The ingoing Purchaser will indemnify the Vendor against any non-compliance from the date of completion until the end of 2016.  

Sporting, Mineral and Timber Rights
All timber and sporting rights over the land, where owned, will be included in the sale.  The fishing rights at Cotterstock are included although the rights on Lot 7 are not included.

The seller will reserve minerals together with the rights of underground working for Lot 7.

Under drainage
The land has been partly under drained.  Plans are available from Savills or Fox Bennett. 

Woodland Grant Scheme 
The woodland in Lots 1 and 7 was planted under the Forestry Commission Woodland Grant Scheme and for which the vendor presently receives an annual grant payment.

Overage
The land that is hatched on the plan is subject to an overage agreement reserving the Vendor a payment of 25% of the uplift in value as a result of the grant of planning permission for non-agricultural use within a period of 25 years from the date of completion. 

Wayleaves, Covenants and Rights of Way
The property will be sold subject to and with the benefit of all existing wayleaves, easements and rights of way whether mentioned on these particulars or not.

There are a number of public footpaths running along farm tracks and these are marked on the sale plan.  

VAT
Should any part of the sale or any rights attached to it become chargeable items for the purpose of VAT then such a tax will be payable by the Purchaser.

Plans and Areas
Areas and schedules on the plans attached to these particulars are based on the OS National Grid and are for reference only. Purchasers must have satisfied themselves of the schedules.

Viewing
Strictly by appointment with joint selling agents Fox Bennett and Savills. 


More information from this agent

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Listing History

Added on Rightmove:
01 July 2016

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