Land for sale

The property consists of 7.63 Hectares (18.85 Acres) of Grade 3 arable land with good access. Previous cropping has included cereals and potatoes.

The property is available Freehold with vacant possession and includes Basic Payment Scheme Entitlements.

DESCRIPTION

The property is a single Grade 3 arable field extending to 7.63 hectares (18.85 acres). The soil type is Fladbury 2 which is stoneless loamy and clayey soils with sandy subsoils. Water may be available from the River Trent subject to obtaining an abstraction licence.

LOCATION

The land is located approximately eight miles north of Newark-on-Trent, it is adjacent to the A1 and the CEMEX Cromwell Quarry.

When travelling north on the A1 take the exit signposted Cromwell/ Gravel Works. Then take the first left turning signposted for Gravel Works over the fly over. At the end of the road turn left and the land is on the right. The field entrance is in the north west corner.

The nearest postcode is NG23 6JE.

TENURE & POSSESSION

The land is currently subject to a verbal agreement which will terminate after harvest 2021, the land will be sold with vacant possession. Further details are available from the vendors agent.

OVERAGE/CLAWBACK

The property is being sold subject to a pre-existing overage provision which commenced in 2012. It will require the purchaser and the purchaser's successors in title to enter a covenant to pay 25% of any uplift in value due to planning consent being granted for any non-agricultural use during the next 12 years.

METHOD OF SALE

The property is offered for sale by private treaty as a whole: Offers should be sent to Brown & Co, 5 Oakwood Road, Doddington Road, Lincoln, Lincolnshire, LN6 3LH or by contacting us on 01522 457800.

The purchaser will be required to exchange contracts within 28 working days of receipt by the buyer's solicitor of a draft contract, with completion by arrangement. A 10% deposit will be payable on exchange of contracts.

SPORTING RIGHTS, MINERALS AND TIMBER

Sporting and timber rights are included in the sale so far as they are owned, subject to statutory exclusions. There is approximately 250,000 tonnes of sand and gravel, however we are aware that mines and minerals together with ancillary working powers are excepted and reserved to others.

BASIC PAYMENT SCHEME (BPS)

The Seller will transfer to the Buyer the relevant number of Basic Payment Scheme Entitlements by reference to the area of land against which Basic Payment Scheme Entitlements can be activated.

LOCAL AUTHORITIES

Newark and Sherwood District Council, Castle House, Great North Road, Newark, Notts, NG24 1BY. Telephone: 01636 650000.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY

The land is sold subject to and with the help and benefit of 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. We are aware that the land benefits from a right of way over the adjacent access track that provides access to the north west corner.

VALUE ADDED TAX

Should the sale or any right attached to it become a chargeable supply for the purpose of VAT, such tax shall be payable by the Buyer in addition to the contract price.

PLANS, AREAS AND SCHEDULES

These have been prepared as carefully as possible and are based on the Ordnance Survey National Grid 1:2,500 and 1:10,000 scale plans. The plans are published for illustrative purposes only and although they are believed to be correct, their accuracy is not guaranteed.

VIEWING

Viewing is permitted during daylight hours with a set of these sales particulars to hand, having contacted the Selling Agents. During viewing please take care not to block the entrance as the adjacent access track is used by third parties.

DISPUTES

Should any disputes arise as to the boundaries or any point arising in these Particulars, 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 Buyer shall be deemed to have full knowledge of all boundaries and neither the Seller nor the Vendors' Agents will be responsible for defining the boundaries or the ownership thereof.

HEALTH AND SAFETY

The property is part of a working farm and therefore viewers should be careful and vigilant whilst on the holding. Neither the Seller nor the Selling Agents are responsible for the safety of those viewing the property and accordingly those viewing the property do so at their own risk.

ANTI MONEY LAUNDERING LEGISLATION

In accordance with the most recent Anti Money Laundering

Legislation, buyers will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.