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£ 7,150,000

Melwood Grange Farm

Farm Property and Land£ 7,150,000Trade

Melwood Grange Farm provides the opportunity to purchase a productive commercial arable farm. The farm is available as a whole or in 5 lots.

Lot 1 - 674.91 acres
Melwood Grange Farmhouse is a large detached four bedroom dwelling.

A pair of three bedroom semi-detached cottages which are subject to an Agricultural Occupancy Condition. Currently Cottage 1 is occupied by a tenant currently paying £550 per calendar month. Cottage 2 is currently vacant.

Farm Buildings
3 x Grain Stores
Continuous Flow Drier
Workshop / General Store
Dutch Barn with Lean-to (8 bays)
Fertiliser Shed
Sugar Beet Pads

The Farmland
Melwood Grange Farm comprises a total of 674.91 acres of which around 660.36 acres are croppable.

The land is classified as being grades 2 and 3 under the Ministry of Agriculture Fisheries & Foods Provisional Land Classification plans.

The Soil Survey of England and Wales shows the soil as coming under Worcester and Brockhurst Series being described as being a reddish clay / loam over mudstone and clay soil, suitable for cereals. The land along Hollingsworth Lane is described as Blacktoft which is described as deep stoneless permeable calcareous fine and coarse silty soils, suitable for sugar beet, potatoes and cereals.

Lot 2 - 36. 93 acres
Situated directly to the north of Epworth and being classified as Grade 2 land. The Soil Survey of England and Wales describes the land as coming under Dunnington Heath Series which are reddish coarse and fine loamy over clayey soils with slowly permeable subsoils, suitable for cereals, sugar beet and potatoes. The land is segmented by a number of strips which the current vendors are farming.

Lot 3 - 51.13 acres
Situated between Epworth and Beltoft access is directly from Hollingsworth Lane. The land is in regular shaped parcels.

The Soil Survey of England and Wales shows the soils as coming under the Blacktoft Series which is described as deep stoneless permeable calcareous fine and silty soils, suitable for sugar beet, potatoes, cereals and some field vegetables.

Lot 4 - 43.00 acres
Directly to the south of Epworth is Lot 4, split into two parcels either side of the A161 Burnham Road. The Soil Survey of England and Wales shows the soil as coming under Worcester Series which is described as slowly permeable non calcareous and calcareous reddish clayey soils over mudstone, suitable for winter cereals. The current vendors have also grown potatoes and sugar beet.

Lot 5 - 31.87 acres
Situated to the north west of Epworth, the land is predominantly in two blocks with a further smaller off lying field.

The Soil Survey of England and Wales shows the soils as coming under Newport 1 Series which is described as deep well drained sandy and coarse loamy soils, suitable for cereals, sugar beet and potatoes.

Tenure and Method of Sale
The farm will be sold by Private Treaty. Freehold with vacant possession subject to a holdover to remove the crops and to hold a machinery auction.

The land coloured grey is land currently rented from a number of landlords. It is the intention to assign the tenancies to the purchaser or enter into a new Farm Business Tenancy (FBT) with the landlords.

The strip farming system in Epworth has meant that a number of the blocks have been farmed in larger blocks by amalgamating strips owned by third parties.

A number of the current landlords have been notified of the sale and are verbally willing to enter into a five year FBT with the new purchaser. It is anticipated that all tenanted areas will be available for the purchaser to farm. Further plans and information are available from the selling agent.

Strictly by appointment with the selling agent, Savills.

The vendor requires holdover to remove grain from the grain stores. Vacant possession will then be given, but no later than 1st January 2018.

Ingoing Valuation
If applicable, in addition to the purchase price, the purchaser will take over and pay for all growing crops, cultivations stocks and stores at valuation. Payment is to be made upon completion at the figure assessed by the vendor's valuer based upon CAAV rates or contractors' rates where applicable and invoiced costs of seed, fertiliser and sprays applied plus enhancement value.

Melwood Farmhouse and yard benefit from mains water, three phase electricity and a private drainage system. The cottages benefit from mains water, single phase electricity and mains drainage.

Contracts and Quotas
There are no contracts or quotas included in the sale.

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

Nitrate Vulnerable Zone
The agent does believe the land to be situated within a surface water Nitrate Vulnerable Zone and is subject to the usual restrictions. The purchaser is to satisfy themselves of this.

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. Purchasers will satisfy themselves as to the ownership of any boundaries.

Environmental Stewardship Schemes
The land is not subject to any agri environment schemes.

Basic Payment Scheme
The vendor will retain the Basic Farm Payment for 2017. The entitlements will be included in the final sale price and the vendor will make best endeavours to transfer these to the purchaser promptly after completion. The ingoing purchaser will indemnify the vendor against any non-compliance from the date of completion until the end of 2017.

Sporting, Mineral and Timber Rights
All timber, minerals and sporting rights over the land, where owned, will be included in the sale.

Under drainage
Where the land has benefited from under drainage, this has been carried out. Plans are available from Savills.

Drainage rates are payable to the Isle of Axholme and North Nottinghamshire Water Level Management Board.

The land that is hatched is subject to an overage agreement reserving to the vendor a payment of 25% of the uplift in value as a result of the grant of planning permission for non agricultural use within a period of 25 years from the date of completion.

Town and Country Planning
The property is 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.

Any disputes arising as to the boundaries or any point arising in the General Remarks or particulars, schedule, plan or interpretation of any questions, shall be referred to the Arbitration of the selling agents whose decision acting as experts shall be final. The purchaser shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor's agent will be responsible for defining the boundaries or ownership thereof.

Wayleaves, Covenants 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 on these particulars or not.

There are a number of public footpath running along farm tracks. To the south of Epworth runs a gas pipeline, crossing part of the farm.

Machinery Auction
The vendor reserves the right to use the buildings, yard and surrounding fields to hold a machinery auction.

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.

Plans and Areas
Areas and schedules on the plans attached to these particulars are based on the OS National Grid and are for reference only. Purchasers must have satisfied themselves of the schedules.View payable Stamp Duty for this property...Read full description
Price£ 7,150,000
Sale typeTrade

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