Ivychurch, Romney Marsh, Kent, TN29

CLOSING DATE FOR BEST OFFERS MIDDAY TUESDAY 21 MAY 2024 - A rare opportunity to acquire two let blocks of productive arable land on Romney Marsh.

Description

The sale of Hammonds Corner and The Gooseland offers an exciting investment opportunity to purchase two blocks of let land on the Romney Marsh, in an area where such opportunities rarely come to the market.

Situated between Old Romney, New Romney, Ivychurch and Saint Mary in the Marsh, the land extends to 126.60 acres, in total and is split into two separate parcels.

The land is currently occupied by a tenant, under a written
agreement governed by the Agricultural Holding Act 1986.

The Land

The land extends to circa 127 acres, in total and is predominantly highly productive arable land, classified as a mixture of Grade 1 & 2 under the Agricultural Land Classification.

The land comprises two separate parcels:

The Gooseland – Circa 103 acres of predominantly Grade 1, highly productive arable land and the larger block of the two.

Situated between Saint Mary in the Marsh, Ivychurch and Old Romney, the land can be accessed from a narrow track off Hope All Saints or from Ashford Road to the West.

Hammonds Corner - 18.96 acres of productive arable land, classified as Grade 2, under the Agricultural Land Classification.

The smaller of the two parcels, situated on the northern side of the A259 between Old Romney and New Romney, just past the turning for Romney Road. Road access from the A259.

Tenancy
Hammonds Corner and The Gooseland are let under an Agricultural Holdings Act Tenancy. The principal tenancy terms are as follows:
• Rent payable half yearly in arrears.
• Detailed reservations to the landlord, including mineral rights, timber, wayleaves and water.
• The sporting rights as defined by the Rating Act 1874 are included in the tenancy but the tenant shall not sublet these sporting rights to any third party without written consent. The landlord reserves the right to resume possession of these sporting rights at any time giving three months’ written notice.
• Tenant liable for repairs.
• Tenant not permitted to assign, underlet or part with possession of the Holding.
• Resumption clause in favour of the landlord for non agricultural use to resume any part or parts of the farm.

General Remarks

Method of Sale
The property is offered for sale by private treaty as a whole.

Tenure and Possession
The land is sold subject to an Agricultural Holdings Act Tenancy.

Local Authorities
Folkestone & Hythe District Council )
Kent County Council )

Minerals, Sporting and Timber Rights
The minerals and timber rights, so far as they are owned are included in the sale and are reserved by the landlord.

The sporting rights, so far as they are owned are included in the sale but the sporting rights as defined by the Rating Act 1874 are included in the tenancy.

Outgoings (payable by the tenant)
Agricultural Drainage Rates to the Romney Marshes Area IDB.

Basic Payment Scheme (BPS)
For the avoidance of doubt, no BPS entitlements will be included in the sale.

VAT
In the event that the sale of the property, or part of it or any right attached to it, becomes chargeable for the purposes of VAT, such tax will be payable by the purchaser in addition to the consideration.

Fixtures and Fittings
All items normally designated as tenants’ fixtures and fittings are excluded from the sale. Purchasers should be aware that because parts of the property are currently let there may be fixtures and fitting shown in photographs which are the property of the tenant. The inclusion of such fixtures and fittings within photographs does not constitute these items being offered for sale.

Clarification on any specific items can be provided by the vendor’s agents at the appropriate time.

Easements, Covenants, Rights of Way and Restrictions
The property is sold subject to and with the benefit of all rights, including rights of way, whether public or
private, light, support, drainage, water and electricity supplies and other rights and obligations, easements
and quasi easements and restrictive covenants and all existing and proposed wayleaves, masts, pylons, stays, cables, drains and water, gas and other pipe whether referred to in the particulars or not.




Acreage: 126.6 Acres

Directions

What3words (best for directions)

Hammonds Corner ///tweed.essays.vehicle

The Gooseland ///different.boarded.lung or ///flopping.each.coveted