Land for sale

Lot 2 - Land At Old Leake, Old Leake, Boston, Lincolnshire, PE22

Under Offer £105,000
13.1 ac.

Property Description

Commercial information

  • 13.2 acres (5.3 hectares)

Key features

  • Single parcel of arable land
  • Grade 1 land
  • Part of larger rural portfolio
  • Available by Informal Tender
  • Subject to two separate Farm Business Tenancies

Full description

A single parcel of Grade 1 arable land divided into two blocks, subject to two Farm Business Tenancies

Description

Classified as Grade 1 land, the Soil Survey of England and Wales describes it as Wallasea 2, which is deep stone less clayey soils, calcareous in places, some deep silty soils. Suitable for winter cereals, some sugar beet, potatoes, cereals and field vegetables.

Basic Payment Scheme - At the termination of the tenancy, the outgoing tenants are required to transfer the entitlements to the purchaser or the purchasers designated nominee in return for consideration of £1.

Restrictive Covenants / Overage Clause - The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

Tenure and Possession - The land is subject to two separate Farm Business Tenancies which both terminate on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation by the purchaser.

Ingoing Valuation - In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Method of Sale and Lotting - The portfolio is available as a whole or individual lots by way of Informal Tender. All offers should be submitted no later than 12 Noon on Wednesday 20th June 2018.

Minerals, Sporting and Timber Rights - As far as they are owned, sporting rights and standing timber are included in the sale.

Restrictive Covenant / Overage Clause - The property is sold subject to a reservation of 50% of any future development value (clawback) for a period of 80 years and to a covenant limiting the land to agricultural and equestrian use only.

Please see the Tender Form for further information on restrictive covenants.

Wayleaves, Easements 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 in these particulars or not.

Fixtures and Fittings - Only those items specifically referred to in these particulars are included in the sale.

Vendor’s Solicitors - Jonathan Blythe - Chattertons, 9 Broad Street, Stamford, Lincolnshire, PE9 1PY. Tel: 01780 750664 - Email: jonathan.blythe@chattertons.com

Plans, Schedules and Boundaries - The vendor and the vendor’s agent will do their best to specify the ownership of boundaries, hedges, fences and ditches but will not be bound to determine these. The purchaser will satisfy themselves as to the ownership of any boundaries.

Searches - The purchaser will be reimbursed by the vendor for cost of searches.

Town and Country Planning - The properties are offered subject to any development plans, Tree Preservation Orders, Town Planning schedules or resolutions which may or may not come into force. The purchaser will be deemed to have full knowledge and satisfy themselves as to the provisions of any such matters affecting the property.

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.


Acreage: 13.18 Acres

Directions

From the Butchers Arms pub follow Wicken Lane out of the village, then turn left on to Mere Drove where the land can be found on the right hand side.


More information from this agent

Listing History

Added on Rightmove:
13 May 2018

Nearest station

  • Spalding (21.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Savills, Lincoln

Olympic House, Doddington Road, Lincoln, LN6 3SE

03339 873648 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest station

  • Spalding (21.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills, Lincoln

Olympic House, Doddington Road, Lincoln, LN6 3SE

03339 873648 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference LIR180008. 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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