Bank Farm - Lot 3

Lot 3 – Agricultural Land Extending to Approximately 4.54 Hectares (11.22 Acres)

FOR SALE AS A WHOLE OR IN THREE SEPARATE LOTS

Introduction

The sale of Bank Farm provides an exciting opportunity to purchase an attractive stock rearing farm, located in the picturesque Eden Valley, surrounded by rolling hills and quaint charming villages. Bank Farm comprises of a four bedroomed farmhouse, range of modern and traditional agricultural buildings and good quality agricultural land extending to approximately 58.05 Hectares (143.44 Acres).

The property lies within a favoured farming district in close proximity to Penrith and Kendal where dairy and livestock rearing form the predominant agricultural enterprises. The land at Bank Farm is gently undulating.

Location

Bank Farm is situated approximately 0.5 miles from the centre of the village of Crosby Ravensworth, where there is a school, village pub and church. The market towns of Penrith and Appleby-in-Westmorland are located relatively close and benefit from a broad range of local amenities including shops, restaurants, leisure and medical services.

Directions

From Junction 39 of the M6, follow the B6261, signposted Shap. At the T junction take the right turn onto the A6, signposted Shap. Continue along the A6 and on entering Shap, take the right turn onto Jackson Lane, signposted Crosby Ravensworth. Continue along this road for approximately 4 miles and on entering Crosby Ravensworth continue heading towards Maulds Meaburn. After going over the small bridge, take the first right after the small bridge and the property is located ¼ mile on the left-hand side.

Lot 3

The land is located on the opposite side of the public highway (Bank Lane) to Bank Farm, and extends to approximately 4.54 Hectares (11.22 acres)

The land benefits from a mains water supply.

Boundaries

The boundaries comprise of a mixture of post and wire fences and stone walls.

Land Classification

The land is classified as predominantly Grade 4, with slowly permeable seasonally wet acid loamy and clay soils.

General Rights and Stipulations

Common Rights

Included within the sale are 93.42 ewe plus followers’ rights over Bank Moor Common, CL7.

Currently the Vendors also lease 17 cattle rights on Bank Moor Common, CL7. There is a possibility that the purchaser will be able to continue the agreement for these rights, subject to agreeing terms.

Rights, Easements and Outgoings

The property is sold subject to and with the benefit of all rights of way, whether public or private and any existing proposed wayleaves, easements, rights of servitude restrictions and burdens of whatever kind whether referred to in these particulars or not.

The buyer(s) will be held to satisfy himself or herself on all such matters.

Environmental Stewardship

There are currently no environmental stewardship schemes over Bank Farm.

However, the common rights included across all three lots are entered into a 10-year Entry Level and Higher-Level Stewardship Agreement with Crosby Ravensworth Graziers Group, which is expires in 2031. It will be a requirement of the sale that the purchaser(s) of the property take(s) over these rights. Further details are available upon request.

Basic Payment Scheme Entitlements

All of the farmland is registered with the Rural Land Register. The payment for the current scheme year in which the property is sold, will be retained in full by the vendor. The Basic Farm Payments Entitlements are included within the sale and will be transferred to the successful purchaser(s) on completion, subject to a charge of £250 + VAT per transfer.

Overage

The field numbered 1 and coloured orange on the sale plan will be sold with an overage provision. This will provide for the vendors or their successors in title to receive 50% of any uplift in value of the land following planning consent for a non-agricultural purpose. Further details are available from the selling agents.

Viewing

The property is available to view strictly by prior appointment with Edwin Thompson. Tel: 01228 548385 - Mr Matthew Bell.

Method of Sale

The property is offered for sale by private treaty as a whole or in three separate lots. Offers should be submitted to Edwin Thompson, FIFTEEN Rosehill, Montgomery Way, Carlisle, Cumbria, CA1 2RW.

A closing date for offers may be fixed, and prospective purchasers are advised to register their interest with the selling agents following an inspection. The vendor and their agents reserve the right to amalgamate, withdraw or exclude any of the land shown at any time or to generally amend the particulars of sale. The agents also reserve the right to conclude negotiations by any other means at their discretion and a degree of flexibility is available to prospective purchasers.

Services

The property is serviced by a mains three phase electric supply and mains water supply. Foul drainage is to a septic tank. All telephone connections are subject to BT regulations.

Please note we have not been able to test services or make judgement on their current condition. Prospective purchasers should make their own enquiries.

The land benefits from a mains and natural water supply. Please note that a sub-meter may be required to be fitted.

Tenure and Possession:

We understand the property is held freehold and offered for sale with vacant possession.

Ingoings:

The successful purchaser(s) will be responsible for purchasing the Collinson feed bins, silage and surplus feed stuffs from the Vendors. This valuation will be carried out by the selling agent and their decision will be final.

Sporting and Mineral Rights:

Sporting rights are included within the sale so far as the sellers have title to them. The mines and minerals are owned by a third party and are therefore not included within the sale.

Plans and Schedules:

These are based on Ordnance Survey and Rural Land Register, to be observed for reference only.

Money Laundering Regulations:

The successful purchaser(s) will have to provide the selling agents with documents in relation to the Money Laundering Regulations. Further details are available upon request.