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Land for sale

23 Acres Of Arable Land, Willoughby Road, Ashby Magna

Sold STC £298,000
23.3 ac.

Property Description

Commercial information

  • 23.3 acres (9.4 hectares)

Key features

  • 23.33 acres or thereabouts
  • Productive Grade III land
  • Basic Payment Entitlements included
  • Available as a whole or in two lots
  • Lot 1 - extends to 11.68 acres: OIRO 170,000
  • Lot 2 - extends to 11.65 acres: OIRO 128,000
  • For Sale by Private Treaty
  • SAT NAV Ref: LE17 5NP

Full description

23.33 acres of land

Location - The land is located directly off the Willoughby Road, 0.7 miles north of the centre of Ashby Magna, 5.1 miles north of Lutterworth and 10.4 miles south of Leicester.

Description - The land comprises 23.33 acres or thereabouts of arable land split between two enclosures and currently down to arable cropping and grass leys. The land is predominantly flat and well suited to modern agricultural farming practices or equestrian use. According to the Agricultural Land Classification maps provided by DEFRA the land is designated as Grade III and the LandIS Soil Series Plans indicate the soil is 'slowly permeable seasonally wet slightly acid but base-rich loamy and clayey'.

Lot 1 - Lot 1 extends to 11.68 acres or thereabouts and was re-seeded with a grass ley in 2014. The land has road frontage to the Willoughby Road and is available at a Guide Price of £170,000.

Lot 2 - Lot 2 extends to 11.65 acres or thereabouts and is currently down to arable cropping. The crop rotation for the last 3 years has been as follows:
2014: Winter Barley
2015: Winter Oilseed Rape
2016: Winter Wheat
In the event that the Lots are sold separately, a right of way for access will be reserved over Lot 1 for the benefit of Lot 2.
Lot 2 is available at a Guide Price of £128,000.

Basic Payment Scheme - The BPS Entitlements are included as part of the sale of the land and will be transferred to the Purchaser.

Entry & Possession - The property is being sold Freehold with vacant possession. Exchange of Contracts is to take place within 28 days of the Vendors Solicitors issuing contracts at which time 10% deposit will be paid to be held as stakeholder. Completion will take place simultaneously or at a time to be agreed between the parties.

Growing Crops - It is envisaged that the current tenant will harvest the growing crop (Winter Wheat) prior to completion and leave the field uncultivated for the Purchaser.

Services - The land does not benefit from any services.

Timber, Minerals & Sporting Rights - The timber, mineral and sporting rights insofar as they are owned are included in the sale.

Overage - The Vendors reserve the right to 30% of the uplift in value of the Land if planning permission is granted for any uses other than Agriculture within a period of 40 years from the date of purchase. Any increase payable as a result of the grant of planning permission will be payable upon either the sale of the land or part with the benefit of planning permission, or the commencement of development, whichever is the sooner.

Boundaries - The Purchaser(s) will be deemed to have inspected the land and satisfied themselves as to the ownership and condition of any boundary, hedge, tree or ditch.

Local Authority - Harborough District Council
01858 82 82 82

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


More information from this agent

Listing History

Added on Rightmove:
06 September 2016

Map & Street View

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