Property Description

SITUATION
The land is located on the western side of Methwold village.

DESCRIPTION
Comprising a single enclosure of arable land with long frontage to the Hythe Road and established access thereto and to include a single agricultural building.

TENURE
Freehold with vacant possession to be given on 11th October 2023. The land is registered under title NK25338.

METHOD OF SALE
By private treaty. Exchange 4 weeks from receipt of the contract by the buyer´s solicitor and completion up to 4 weeks thereafter. The land is being cropped with potatoes under licence at a fee of £350/ac. This licence fee will be paid to the buyer as completion of the sale will take place before 11th October 2023.

ENVIRONMENTAL STEWARDSHIP
The property is encompassed by an ELS/HLS Stewardship Agreement which runs to 28th February 2023. The buyer will adhere to the various prescriptions through to the end of the agreement date. The seller will have the benefit of any ELS/HLS payment.

SOIL TYPE AND LAND GRADE
The Soil is described as shallow lime-rich soils over chalk or limestone.
The land is listed as being Grade 2 on the Agricultural Land Classification Map.

OUTGOINGS
Upland Drainage Rate 392.94p/ha.

FENCING
The seller will mark the boundary ABC (shown on the plan). There are no fencing obligations on the parties.

SERVICES
None are connected

BUILDINGS
A steel framed temporary grain store with corrugated cladding

Guide Price
£425,000 - £450,000

CROPPING
See brochure.

VAT
The sellers have not elected to charge VAT on the sale of the land.

BASIC PAYMENT SCHEME
The land is registered for Basic Payment Scheme purposes. There are 19.69ha of Non-SDA entitlements to be included in the sale. A 2022 BPS Claim will be retained by the seller.

SPORTING TIMBER AND MINERALS
Included in the sale;
1. Standing timber and minerals subject to the usual statutory limitations.
2. All sporting rights.

DEVELOPMENT CLAUSE
There is a bar against residential and commercial development over the property, but this will not apply to any agricultural development.

INGOING VALUATION
There will be no ingoing valuation as the land is being cropped with potatoes and that crop will be taken by the licensee.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
The property is sold subject to and with the benefit of all existing wayleaves, easements, quasi-easements, rights of way, covenants and restrictions whether mentioned in these particulars or not.

IMPORTANT NOTICE
Durrants and their clients give notice that: -
No investigations have been made in respect of any matter concerning pollution of the land, air or water and the buyers are responsible for making their own enquiries in this respect.
The measurements, distances and areas are given as approximate. These particulars and photographs are provided for guidance only and are not necessarily comprehensive.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. No warranties in relation to the property are given either by the agent or on behalf of their client or otherwise.
The boundaries are based on the Ordnance Survey and are for reference only. The purchaser will be deemed to have full knowledge of the boundaries and any error or mistake shall not annul the sale or entitle any party to compensation in respect thereof.

HEALTH AND SAFETY
Given the potential hazards of a working farm we would ask you to be as vigilant as possible when making an inspection for your own safety.

VIEWING
Those experienced in agriculture can view at any time during daylight hours with the particulars in hand. Those outside of the industry should make arrangements for accompanied viewing.


CONTACT DETAILS
Nick Durrant
Durrants, 32-34 Thoroughfare, Harleston, Norfolk, IP20 9AU
Tel: 01379 851036 / 07747 698422
Email: [email protected]