Land at Red House Farm - Lot 1

DETAILED DESCRIPTION

General:

The land at Red House Farm, Ratcliffe Culey is located in the highly sought after West Leicestershire / Warwickshire borders area, with its close access via the motorway network and the A5 trunk road.

Description:

The land at Red House Farm, Ratcliffe Culey is all down to permanent pasture and is classified as Grade 3 on the Provisional Agricultural Land Classification Maps and is being offered for sale in two lots comprising of:



Lot 1 - Approximately 51.54 acres (or thereabouts) of permanent pasture with

Extensive frontage onto the River Tweed and with frontage onto the main

Road.

WHAT 3 WORDS LOCATION: trendy.matchbox.stacks

RED HOUSE FARM, RATCLIFFE CULEY

The land at Red House Farm, Ratcliffe Culey is a traditional stock farm located on the Leicestershire/Warwickshire borders.

The farm is located on the fringe of the village of Ratcliffe Culey. The farm has been in the Hunt Family since the 1940's. The land is down to permanent pasture.

The land offers a wealth of potential as both agricultural and amenity value, as described below:-

Lot 1: (Verged blue on plan)

51.54 acres or(thereabouts) of permanent pasture located in the village

of Ratcliffe Culey.The land borders the north of the village and fronts the

main road in Ratcliffe Culey. The land also benefits from extensive

frontage to the River Tweed.

Remarks and Stipulations:

Tenue:

The property is sold freehold.

Possession:

Vacant possession will be given upon completion of the purchase.

Wayleaves, Easements and Rights of Way:

A public footpath crosses Lot 1. Otherwise the property is sold subject to and with the benefit of any wayleaves, easements and rights of way whether mentioned or not.

Basic Payment Scheme:

No Basic Payment entitlements are included in the sale.

Services:

It is understood that there are no services connected to the Lots. Potential purchasers must satisfy themselves as to the exact location and adequacy of any required services.

Development Uplift Clause:

A development uplift clause will be imposed on Lot 1 of 25% of any increase in value as a result of any planning permissions, for a period of 25 years after completion. This will become payable upon the future sale of the property with any additional planning consent or when any additional planning consent is implemented.

For the avoidance of doubt, equestrian and agricultural consents will not trigger this clause.

Valuation:

There will be no in-going valuation or dilapidations (if any).

Authorities:

Hinckley & Bosworth Borough Council - Tel: 01455 238141

County - Leicestershire County Council - Tel: 0116 2323232

Water - Severn Trent Water - Tel: 0800 7834444

Electricity - Western Power Distribution - Tel: 0800 0963080

Arbitration:

Should any dispute arise between the vendor and the purchaser upon any point whatsoever (not involving a question of law) arising out of the Remarks and stipulations, Particulars of Plan or as to the interpretation thereof, the matter in dispute shall not annul the sale, but shall be referred to the arbitration of the agents, whose decision shall be final and binding on all parties to the dispute and in every such arbitration the agents shall decide how the cost of such reference shall be borne.

Plans and particulars:

These are believed to be correct, but their accuracy is not guaranteed and no claim can be admitted for any errors or discrepancies.

Registration:

We would encourage pre-auction bidding registration to be carried out. A form will be available from karena.toone@brown-co.com

Conditions of sale:

The Conditions of Sale, local authority and other Searches, details of Vendors' Title and replies to standard pre-contract enquiries may be inspected during the seven days prior to the date of the sale at Brown & Co Fox Bennett, 6 Lewis Court, Grove Park, Enderby, Leicester, LE19 1SD and with the offices of M & S Solicitors, 20, Newton Road, Heather, Leicestershire, LE67 2RD. The Purchaser shall be deemed to have notice of the Conditions of Sale and of the terms thereof and shall be deemed to bid on those terms whether he/she shall have inspected the Conditions or not.

The property will be subject to an undisclosed reserve price and the Auctioneer, if required, will bid on behalf of the Vendors to this price.

The Auctioneers reserve the right to withdraw or sell the property prior to auction.

A deposit of 10% will be required to be paid upon the fall of the hammer with the balance due upon completion, which is planned for 42 days later.

Money Laundering Regulations:

The Auctioneers cannot accept the deposit in the form of cash. All those who might wish to bid will be required to register with the Auctioneers and to provide proof of identification in the form of either a Passport or driving licence with photograph, together with a recent utility bill as proof of address. We would be grateful if you could register at our office in the 7 days prior to the auction, or at least 15 minutes before the commencement of the auction.

Further enquiries and viewings:

For further information and an appointment to view, please contact Richard Newey on 0116 2814931.