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UNDER OFFER

Arable Land At Sibsey, Sibsey, Boston, Lincolnshire, PE22

Guide Price
£145,000
Savills, Lincoln
PROPERTY TYPE
Land
SIZE
956,142 sq. ft.
(88,829 sq. m.)

Key features

  • Grade 2 arable land
  • Single field
  • Road access
  • Informal Tender
  • Tender deadline Wednesday 18th August 2021

Property description

Tenure: Freehold

Grade 2 arable land for sale by Informal Tender. Tender deadline 18th August 2021.

Description

The Land
Productive Grade 2 arable land extending to about 21.95 acres (8.88 hectares) near Sibsey in Lincolnshire benefitting from access directly onto the A16.

Classified as Grade 2, the Soil Survey of England and Wales records the soils as being of the Salop series. These soils are described as being slowly permeable seasonally waterlogged reddish fine loamy over clayey, fine loamy and clayey soils associated with fine loamy over clayey soils with slowly permeable subsoils.

Method of Sale
The land is being sold as a whole in one lot by Informal Tender, please study the accompanying informal tender form for further details on how to submit a tender. Tender deadline 12 noon on Wednesday 18th August 2021.

Basic Payment Scheme
The land is registered to receive payment under the Basic Payment Scheme. The entitlements belong to the tenant and are not included in the sale.

Tenure and Possession
The land is freehold subject to a Farm Business Tenancy which is due to expire on 30th September 2021.

Drainage
The land is subject to drainage rates payable to the Witham Fourth District Internal Drainage Board. Buyers must satisfy themselves as to these charges.

Restrictive Covenants & Uplift Clause
A clawback reservation requiring the payment of 50% of any uplift in value arising from the grant of any planning permission (other than for solely agricultural or equestrian purposes) during the period of 80 years from the date of the proposed sale. Such payment(s) shall become due on the earlier of: 1. A disposal of the property or any part thereof with the benefit of the relevant planning permission and 2. The implementation of the relevant planning permission. The clawback rights shall be protected by a Land Registry restriction requiring the consent of the seller, a deed of covenant from any successor in title and a covenant restricting the use of the land to agricultural and/ or equestrian purposes save that the property (or relevant part as the case may be) may be used in accordance with any planning permission in respect of which a clawback
payment has been paid.

The usual church property covenants will apply as more
particularly detailed on the tender form.

Minerals, Sporting and Timber Rights
As far as they are owned, sporting rights and standing timber are included in the sale. The mineral rights shall be reserved by the vendor in so far as they are owned.

Searches
The Purchaser will reimburse the Vendor for the cost of the Searches.

Nearest Postcode
PE22 0TT




Acreage: 21.95 Acres

Brochures

Web Details

Arable Land At Sibsey, Sibsey, Boston, Lincolnshire, PE22

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Boston Station5.3 miles

About the agent

Savills, Lincoln

Olympic House, Doddington Road, Lincoln, LN6 3SE

Savills, Lincoln

Why Savills

With over 160 years of experience, over 600 offices globally - including 130 in the UK, and thousands of potential buyers and tenants on our database, we'll make sure your property gets in front of the right people. And once you’ve sold your property, we’re here to help you move on to the next stage of your journey.

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Notes

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Disclaimer - Property reference LIR210009. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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