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Agricultural land for sale

297.22 Acres, (120.28 Ha) Agricultural Land, Tealby, Lincolnshire, LN8

£1,800,000

Interested in this property? Call us on 01673 843011

Property location

Property description

Summary
A rare opportunity to acquire a block of Arable land at Risby Moor, Tealby near Market Rasen. For Sale as a Whole or in 5 lots. Extending in total to approximately 120.28 Hectares (297.22 Acres)

The land is Situated on Rasen Road (B1203) approximately 3 km North East of Market Rasen. See plan

Introduction:
A rare opportunity to acquire a valuable block of arable land at Risby Moor, Tealby near Market Rasen. For Sale as a Whole or in 5 lots. Extending in all to about 297.22 Acres (120.28 Ha).

The land fronts onto the B1203 from Market Rasen to Tealby and the west side of the minor road leading from Tealby to Walesby.

The Land:
The land is classified Grade 3 on the Agricultural Land Classification Maps. Lots 1,2 and 3 are of the Holme Moor Series. Lot 5 is of Denchworth Association. Lot 4 is a combination of both. The soils are typically light and free working.

Basic Payment Scheme:
The land is registered on the Rural Land Register and the Basic Payment is currently being claimed. The relevant number of Entitlements are included in the sale price and will be transferred to the successful purchaser. The vendor retains the right to the 2018 payment.

Cross Compliance:
Purchasers will be required to ensure the terms of Cross Compliance are adhered to until the end of the current scheme year, so as not to prejudice the existing Basic Payment Scheme claim.

Land Drainage:
Drainage rates are payable at a rate of 284.5 pence per Ha (2018/19).

Public Rights of Way:
A Public Bridleway traverses Lot 4.

Wayleaves and Easements:
An annual wayleave payment is receivable in respect of overhead electricity transmission apparatus. The present amount is around £1,000 p.a. The actual figure to be confirmed.

An underground gas pipeline crosses Lot 4. An oil pipeline passes under Lot 5.

Access:
Via Rasen Road for Lots 1,2 and 3. Lots 4 and 5 are accessed via Walesby Lane.

Sporting and Mineral Rights:
These are included in the sale in so far as they are owned.

Planning:
The relevant planning authority is West Lindsey District council. The farm is situated in open countryside.

Tenure and Method of Sale:
The freehold property is offered for sale by private treaty and depending on the level of interest, the Agents reserve the right to invite best and final offers.

The land is currently subject to a agricultural Tenancy. The Tenant has agreed to surrender occupation should the purchaser require vacant possession.

Tenantright:
In the event of immediate vacant possession being required, the eventual purchaser will be responsible for the reimbursement of cultivation and ancillary input costs as at the date of completion. No allowance will be made for dilapidations.

Guide Price:
Lot 1: £300,000
Lot 2: £300,000
Lot 3: £110,000
Lot 4: £1,000,000
Lot 5: £ 90,000

As a Whole - £1,800,000

Viewing:
Viewing is by appointment with the Agents office.

Interested in this property? Call us on 01673 843011
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PERKINS GEORGE MAWER & CO

01673 843011

Weekdays: 9:00am - 5:15pm
Saturday: 9:00am – 12noon

Corn Exchange Chambers, Queen Street, Market Rasen LN8 3EH

info@perkinsgeorgemawer.co.uk

Chartered Valuation Surveyors & Estate Agents
Agricultural & Fine Art Auctioneers