Land - arable for sale260 Acres, (105 Hectares), Land At Manby, Nr Louth, Lincolnshire, LN11
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260 Acres (105 Hectares)
Land at Manby, Nr Louth
Central East Lincolnshire, LN11 8UZ
For Sale by Private Treaty as a Whole or in 5 Lots
Perkins George Mawer are favoured by instruction received from GBM to offer for sale just over 260 acres of arable land comprised within the former RAF Manby Airfield all offered for sale as a whole or in 5 lots.
Lot 1 - £800,000
Lot 2 - £800,000
Lot 3 - £75,000
Lot 4 - £80,000
Lot 5 - £345,000
Total - £2,100,000
The land lies principally within a ring fence and is situated south off the B1200 Manby Middlegate Road with access from the north west corner, all lying immediately west of the village of Manby.
The market town of Louth lies approximately 5 miles away and the City of Lincoln lies approximately 30 miles to the west.
The land is classified Grade 3 on the Agricultural Land Classification East Midlands Region documents.
The soil type falls into the Holderness Series on the Soils of England and Wales which is described as a slowly permeable fine loaming soil suitable for the growing of cereal crops and grass.
Lots 1 - 4 have the reputation of growing useful yields of cereal crops and Lot 5 has been the subject of a recent reclamation programme and offers considerable future potential. Further land adjoining Lot 5 to the east totalling about 13 acres can be made available when reclamation has been completed.
The only known outgoing is the General Drainage Charge payable to the Environment Agency at the sum of £2.85 per acre for the financial period commencing the 1st April 2018.
Tenure and Possession:
The land is Freehold. Vacant Possession will be given on completion fixed for 1st September 2018 subject to holdover for the 2018 growing crops. The sale is subject to an early exchange of contracts within 28 days following verbal agreement.
The land is at present subject to a Farm Business Tenancy in favour of Conisholme Farms Ltd. The termination date being the 30th August 2018. The agreement provides for the leaving of straw from the 2018 harvest and also holdover in the event of a late harvest.
Basic Payment Scheme:
The land is registered on the Rural Payments Agency Rural Land Register and has been used to activate entitlements under the Basic Payment Scheme. The 2018 claim is reserved to the current occupier.
The Tenancy Agreement provides for the transfer of the entitlements to the eventual prospective purchaser(s) in total 105.31, such total to be apportioned if necessary.
The present occupier will be responsible for Cross Compliance up to the date of completion or the termination of the holdover period. The buyer(s) will take over the Cross Compliance obligations on completion or at the termination of the holdover period and will indemnify the occupier for any non-compliance which results in a penalty or reduction in the occupier's payments under the Basic Payment Scheme.
Wayleaves, Easements and Rights of Way:
The land is sold subject to all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements and all wayleaves, whether referred to or not in these particulars.
Internal Roadway - Right of Way:
Access to each lot is from the north west via principally concreted perimeter tracks over which suitable rights of way will be granted to the eventual purchaser(s) subject to the usual maintenance clauses as to user.
Schedule of Field Numbers and Areas:
Lots Field Number Description Area (Acres)
1 TF3886 6070 Arable 96.86
2 TF3887 6070 Arable 96.94
3 TF3887 4301 Arable 9.66
4 TF3886 0271 Arable 10.53
5 TF3848 4702 Arable 46.01
Total Area 260.00 Acres
Sporting and Minerals:
The sporting rights, mineral rights except as reserved by stature or the Crown are included within the freehold
Plans and Area Schedule:
For the purposes of the Sale Particulars the individual areas are shown following computer mapping via a drone.
Should any dispute arise as to the boundaries or any point arising in the General Remarks and Stipulations or Particulars of Sale, schedule, plan or interpretation of any of them, the question shall be referred to the arbitration of the selling agent, whose decision acting as expert shall be final. The purchaser(s) shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor's agents will be responsible for defining the boundaries or the ownership thereof.
Should any sale of the land, as a whole or in the lots, or any right attached to it become a chargeable supply for the purpose of VAT, such tax shall be payable by the purchaser in addition to the contract price.
Development Uplift Clause:
The land is sold subject to a Development Uplift Clause placed thereon by a previous owner to enter into a covenant to pay 30% of any uplift in value as a result of any planning consent being granted for any non previous use or non-agricultural use for a period of over 30 years.
(Ref: Mr Dale Crombleholme)
Tel: (01507) 605883
This brochure including plan was prepared by Perkins George Mawer & Co in accordance with the sellers instructions of February 2018.
Interested parties are free to inspect the land during daylight hours subject to a copy of the sale particulars to hand.
Monday to Friday: 9am to 5pm. Saturday 9am to 12noon.