Farm for sale

Approximately 255 acres of productive arable land.

A range of traditional and modern farm buildings.

Principal detached farmhouse and range of outbuildings.

400 ground mounted solar panels rated at 120Kw.

Grain storage for approximately 820T.

Vacant Possession.

FOR SALE AS A WHOLE OR IN TWO LOTS BY PRIVATE TREATY.

INTRODUCTION

The property totals 104.50 hectares (258.22 acres) of predominantly productive arable land with root cropping potential. The main of the property lies between the village of Walkeringham and the River Trent. The property also benefits from a farmyard with a range of modern and traditional farm buildings along with a four bedroom detached house with a further bedroom in the Annex, gardens and a range of outbuildings.

The property is being sold as a whole or in two lots.

SITUATION

Lyne House Farm is located approximately 17 miles to the south of Scunthorpe, 30 miles north west of the city of Lincoln and 6 miles north west of Gainsborough.

The nearest postcode is DN10 4JR.

LOT 1 - LYNE HOUSE FARM

103.01 hectares (254.54 acres) of predominantly arable land with various areas of riverbank and internal tracks. Coloured red on the plan.

FARMLAND

The land forms a good quality, block of productive arable land with root cropping potential, the majority is identified as being Grade 3 on the Ministry of Agriculture Land Classification Sheet. The land closest to the River Trent (fields 4726 & 3639) is identified as being predominantly Grade 1.

The soil survey of England and Wales identifies the land as being part of the Brockhurst 2 soil series which is described as being slowly permeable seasonally waterlogged reddish fine loamy over clayey soils capable of growing winter cereals and short term grassland and also of the Romney series which is described as being deep stoneless permeable calcareous coarse and fine silty soils capable of growing sugar beet, potatoes, cereals and some field vegetables.

LOT 2 - FARMHOUSE

Lyne House Farmhouse is a four bedroom farmhouse constructed of brick under a slate roof with double glazed UPVC windows, a cellar and a further bedroom/annexe. The property benefits from oil fired central heating and a multifueled interlinked wood burner. The property has mains water and is served from a private septic tank and benefits from a large garden.

LAND & SOLAR PANELS

The property also benefits from paddock land extending to 0.54 hectares (1.32acres) which can be accessed directly from the farmyard along with 120Kw of ground mounted solar panels, providing approximately £18,000 of income per year from the feed in tariff and exports.

FARMYARD AND BUILDINGS

Lyne House Farmhouse and farmyard is easily accessed via Linecroft Lane and extends to approximately 1.73 acres, benefitting from buildings.

GENERAL REMARKS & STIPULATIONS

METHOD OF SALE

The property is offered for sale by Private Treaty as a whole or in two lots. The vendor reserves the right to conclude the sale by an alternative method, at their discretion.

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

TENURE

The property is being sold with vacant possession. Subject to a cropping licence for the growing of potatoes in field 4726 until 31st October 2022. Vendors to retain fee.

ACCESS

Access to all parts of the property is available directly from the public highway with various private internal tracks also available.

HOLDOVER

The vendor reserves the right to holdover for the purposes of harvesting crops and straw clearance until 31st October 2022, in addition to holdover for all farm buildings until 31st March 2023 for the purposes of crop storage.

The vendor also reserves the right for a farm machinery sale at Lyne House Farm within 6 months of completion.

EARLY ENTRY

Early entry onto the property may be available following the exchange of contracts subject to a 20% deposit and entirely at the purchaser's own risk.

OVERAGE/ CLAWBACK

The property is being sold subject to a new development uplift provision which will require the buyer (and their successors in title) to pay to the vendor (or their successors) 20% of any uplift in value as a result of any planning consent for non-agricultural use for a period of 30 years This is in addition to the existing agreement affecting field 9188 which imposes an obligation that expires on 30th January 2043 to pay 50% of any uplift in value as a result of development of the whole or any part of the land for use ancillary to or by way of an extension to the existing sewerage treatment plant, which is located on adjoining land to the north.

INGOING

The buyer will be required to pay an additional sum for any cultivations or field work in accordance with CAAV costing and enhancement when appropriate.

DRAINAGE

We understand that the majority of the property benefits from under drainage. Copies available from Vendors agent.

SERVICES

The farmhouse benefits from mains water, electricity, oil fired central heating and drainage via a septic tank. The farm yard also benefits from a mains water connection and 3 phase electricity.

We have not carried out tests on any of the services or appliances and interested parties should arrange their own tests to ensure that these are in working order.

OUTGOINGS

Lyne House Farmhouse is identified as being in Council Tax Band F with £3,117.65 payable to Bassetlaw District Council in 21/22.

Drainage rates are payable to Trent Valley IDB.

BASIC PAYMENT SCHEME

The Basic Payment Entitlements are not included within the sale.

CROSS COMPLIANCE

The vendor will be responsible for cross compliance up to the date of completion. The purchaser will take over the cross compliance obligations on completion and will indemnify the vendor for any non-compliance which results in a penalty or reduction in the vendor's payments under the Basic Payment Scheme.

ENVIRONMENTAL SCHEMES

The land is entered into the countryside stewardship scheme which commenced on 1st January 2021 for a period of 5 years. Copies available from Vendors agent.

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.

There are several telegraph poles, electricity pylons and gas pipelines which cross the property at various points.

NITRATE VULNERABLE ZONE

The land is situated within the Nitrate Vulnerable Zone for surface water.

SPORTING, TIMBER & MINERALS

The sporting, timber rights and mineral rights, except as reserved by statute or the Crown and included in the freehold.

VAT

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

HEALTH & SAFETY

Given the potential hazards we would ask that you be as vigilant as possible when making your inspection of the property for your own personal safety.

VIEWING

The property can be viewed strictly by appointment only with the selling agents (Brown & Co).

ANTI MONEY LAUNDERING

In accordance with the most recent Anti Money Laundering legislation the purchaser will be required to provide proof of identity and an address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

BOUNDARIES

The buyer(s) shall deem to have full knowledge of all boundaries and neither the seller nor the selling agents will be responsible for defining boundaries nor their ownership.

DISPUTES

Should any dispute arise as to the boundaries or any point arising in the General Remarks and Stipulations or Particulars of Sale, 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 purchaser(s) shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor's agents will be responsible for defining the boundaries or the ownership thereof.

FIXTURES & FITTINGS

All fixtures and fittings are excluded from the sale unless specifically referred to in these particulars.

PLANS, AREAS & SCHEDULES

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

VENDOR'S SOLICITORS

Wilkin Champan LLP, The Maltings, 11-15 Brayford Wharf East, Lincoln LN5 7AY.

VENDOR'S AGENTS

Brown & Co, Humber Office, 8 Melton Enterprise Park, Redcliff Road, North Ferriby, East Yorkshire HU14 3RS.

Contact:

Anita Riggall - anita.riggall(at)brown-co.com

or

James Walton - james.walton(at)brown-co.com