Farm Property and Land£ 2,600,000Trade
The land lies around the villages of Hoveringham and Caythorpe in Nottinghamshire, in an area controlled by Newark and Sherwood District Council. The A46 runs north to south about 6 miles to the south east, the A1 runs north to south about 12 miles to the east.
The land is classified as Grades 2 and 3 as recorded in the Soil Survey of England and Wales. Field number 1267 is restored former gravel workings and is classified as Grade 4. The soils are described as being of the Wick 1 and Fladbury 2 associations. The Wick 1 soils are described as being deep well drained coarse loamy and sandy soils, locally over gravel. Some similar soils affected by ground water. Slight risk of water erosion. The Fladbury 2 soils are described as stoneless clayey soils variably affected by groundwater, some with sandy subsoils. Some with fine loamy soils. Flat land, risk of flooding. Wick 1 is suitable for the growing of cereals, some horticultural crops and stock rearing on grassland areas. Fladbury 2 is suitable for cereals on drier areas and permanent grassland.
The selling agents are not aware of any mains services connected to the land.
The land is available freehold with vacant possession available upon completion.
In addition to the purchase price, and if applicable, the purchaser will be required to take and to pay for on completion, all growing crops and acts of husbandry carried out up to the time of completion at the valuation of the vendor's agents, Savills, whose decision will be binding. The valuation will be calculated on the basis of cultivations carried out, cost of seed, fertilisers, lime and sprays applied, in accordance with the Central Association of Agricultural Valuers (CAAV) costings.
Wayleaves, Easements and Rights of Way
The property is sold subject to, and with the benefit of, all existing wayleaves, easements and rights of way whether public or private and covenants whether mentioned or not. The selling agents are aware of a number of bridleways and footpaths that cross the land. There are a number of electricity pylons crossing the land.
There is a telecoms installation situated in Lot 1. Further details
are available from the selling agent.
The land will be sold subject to a development uplift clause. This uplift clause specifies that 25% of any increase in value of the land due to development (as defined in Section 55 of the Town and Country Planning Act 1990) will be payable to the Vendors or their successors in title should such development occur within 25 years from the date of completion. The uplift clause shall not be triggered by any development for agricultural and or equestrian purposes.
Basic Payment Scheme
The majority of the land is registered to receive payments under the Basic Payment Scheme. The entitlements for the majority of the arable land are currently held by the tenants and will be transferred back to the landlord or a nominated third party on expiration of the current tenancy.
The land lies in flood zones 2 and 3.
Trent Valley Internal Drainage Board
Some of the land is eligible for drainage rates payable to the Trent Valley Internal Drainage Board. Further details are available from the selling agents.
Method of Sale
The land is offered for sale as a whole, or in up to two lots, by private treaty. Consideration may be given to sale of part subject to negotiation.
Sporting, Timber and Mineral Rights
All sporting, timber and mineral rights, in so far as they are owned over the freehold of the property, are included in the sale. The fishing rights on the left bank of the River Trent are let on a licence terminating in April 2018.
The vendor and vendor's agent will do their best to specify the ownership and boundaries, hedges and ditches but will not be bound to determine these.
Value Added Tax
Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property or any part thereof or any right to it becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition.
The land is offered for sale subject to any development plans, Tree Preservation Orders, ancient orders and public rights of way....Read full description