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Arable Land for sale

50.02 Acres, (20.24 Hectares) Land at, High Street, Newton On Trent, Lincolnshire, LN1
O.I.R.O

£310,000

Interested in this property? Call us on 01673 843011

Property features

  • For sale by Informal Tender As a whole or in 3 Lots
  • 50.02 Acres (20.24 Hectares)
  • Predominately arable land in 3 lots to the east and west of the village of Newton on Trent.

Property location

Property description

Summary
For sale by Informal Tender as a whole or in 3 Lots

50.02 Acres (20.24 Hectares)

Predominately arable land in 3 lots to the east and west of the village of Newton on Trent.

LOT 1 - 24.42 Acres of Land off A1133, Newton on Trent (edged red on plan):
A block of mainly arable land with 9.69 acres of permanent pasture. Guide - £150,000

LOT 2 - 11.44 Acres of Land off Trent Lane, Newton on Trent (edged green on plan):
A useful block of arable land. Guide - £75,000

LOT 3 - 14.16 Acres of Land off A57, Newton on Trent (edged blue on plan):
Two blocks of arable land with access off the A57. Guide - £85,000

Method of Sale:
The land is offered for sale as a whole or in 3 Lots by informal Tender by 12 noon on 31st July 2020. The buyer will be required to exchange contracts as soon as possible following receipt by the buyer's solicitor of a draft contract with completion by arrangement. A 10% deposit will be paid on exchange of contracts.
Tenders should be submitted to the agent's office in writing. A tender form is available on request.

Tenure, Possession and Holdover:
The land is offered for sale freehold with vacant possession on completion subject to holdover for the outgoing tenant to harvest the growing crops.

Farmland:
The land is shown as Grade 3 on the provisional Agricultural Land Classification plan. The soils are shown on the Soils of England and Wales 1:250,000 scale plan as Blackwood which is described as a sandy loam soils suitable for cereals and grass.
The arable land has been cropped in the last few years with wheat, barley, OSR, maize and sugar beet.

Outgoings:
Drainage rates are payable to the Trent Valley Internal Drainage Board. The amount payable for the year to 31st March 2020 is £179.92.

Holdover & Early Entry:
The seller will reserve rights of holdover to harvest the growing crops. The vendors are willing to allow early entry onto the farm for the purposes of sowing crops, subject to the payment of a 20% deposit.

Basic Payment:
The land has been registered with the Rural Land Registry. There are no entitlements available with the land.
The buyer(s) will be required to indemnify the outgoing tenant against any future breaches of Cross Compliance between entering the land and the 31st December 2020.

Fixtures and Fittings:
All fixtures and fittings are excluded from the sale unless mentioned in these particulars of sale.

Sporting, Minerals and Timber:
Included in the sale so far as they are owned, subject to any statutory exclusions.

Services:
Mains water is supplied to OS 0223

Planning:
An outline planning application was made to West Lindsey District Council (140548) for the erection of 3no dwellings on land at Trent lane (lot 2). The application was refused. Further details are available online on the Councils website (West Lindsey)

Access:
Access to Lot 1 is either from the A1133 or the private lane off the A57.
Access to Lot 2 is via A57 or Trent lane.
Access to Lot 3 is from the A57.

Easements, Wayleaves and Rights of Way:
The property is to be offered for sale subject to and with the benefit of all existing 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.
An Anglian Water pipeline crosses Lot 3 at the southern end of the land.
We are not aware of any public footpaths or bridleways on the land.

VAT:
Should any sale of the farm or any right attached to it become a chargeable supply for the purpose of VAT then such tax will be payable by the buyer in addition to the contract price.

Solicitor:
Wilkin Chapman llp, The Maltings, 11-15 Brayford Wharf East, Lincoln, LN5 7AY. T: 01522512345 E:Rebecca.phillips@wilkinchapman.co.uk

Useful Contacts:
West Lindsey District Council, Guildhall, Marshalls Yard, Gainsborough, Lincs, DN21 2NA. T: 01427 676676.

Plans, Areas and Schedules:
The plan with these particulars is based on Ordnance Survey National Grid 1:10,000 maps of the area and is for identification only. The National Grid numbers and areas in the Schedules are taken from RPA maps. Purchasers are required to satisfy themselves about all areas. The plans and schedules are for illustrative purposes only and although believed to be correct their accuracy is not guaranteed.

Buyer Identity Check:
Please note that prior to acceptance of any offer we are required to verify the identity of the buyer to comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

Viewings:
Viewing of the land (by foot only) is allowed in daylight hours with a copy of these particulars.

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

01673 843011

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