Land for sale

WITHDRAWN - Lot 2: Farmland, East of Binbrook village - In all about 144.02 acres (58.28 ha)

Lot 2 - Farmland, East of Binbrook village, in all, about 144.02 acres (58.28 hectares).

Method Of Sale - The farm is offered for sale by informal tender (subject to contract), as a whole or in two lots. The five cottages which lie
within the boundary of the main farm are available to purchase at fixed prices with Lot 1. Alternatively, the seller will grant an
option which may be exercised by the buyer within 3 months of completion. Two pairs of cottages adjacent to the farmyard
comprise Option A (£600,000) and the detached cottage (Birkenshaws Top), Option B (£200,000).

Prospective purchasers are invited to bid for the farm as a whole or in two lots according to their valuation on the prescribed
form. The tender form is available in the data room or on request. Those wishing to bid for the farm must follow the directions for the tender procedure in this brochure, and on the form. Bidders must indicate if they intend to purchase the cottages, or require an option to purchase the cottages, on the tender form.

Lockout Agreement - A bidder whose offer is accepted (subject to contract) will enter into a lockout agreement preventing the seller from accepting
another offer within 20 working days of the date of the lockout agreement. A fee is payable by the successful bidder for the
lockout agreement, which will be credited against the deposit payable on exchange of contracts, but otherwise non-refundable.

The lockout agreement fee will be £20,000 in respect of the whole of the property, or alternatively; Lot 1 only, a fee of
£15,000, Lot 2 only, a fee of £5,000. The lockout agreement duly signed, with the appropriate fee must be included with the tender.

Data Room - To assist prospective bidders offering for the farm, a data room is provided through the solicitors for the sellers, Roythornes,
to access information online in relation to title, tenancies, Basic Payment scheme, current and past cropping along with
comprehensive searches and enquiries. This information is available in the period leading to the submission of tenders for
bidders and their advisers to access, to assist in the formation of their bid. This extensive information is also provided to ensure
that the contracts can be exchanged within 20 working days of acceptance of tender. Access to this data room can be obtained on the application to the sellers agent, JHWalter of Lincoln or Roythornes of Spalding.

Tender Procedure - The property is to be sold by informal tender and solicitors will be instructed after acceptance of an offer.

Tenders must be submitted using the prescribed form. The tender form must be fully completed and delivered to JHWalter LLP
in a sealed envelope marked externally - Tender - Binbrook Top Farm or by email to . The tender
must include the name and address of the buyer's solicitor; confirmation as to how the purchase will be funded; the lockout
agreement, duly signed and the appropriate lockout agreement fee.

The seller is not bound to accept the highest or indeed any tender. Offers must be made for a fixed amount and must not be linked in any way to other offers, which may be received. The deadline for receipt of tenders is 12 noon on Tuesday 18th
August 2020.

Tenders will be accepted as soon as practical, following completion of the Money Laundering procedure. Completion is set for 1st October 2020.

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Marketed by: JHWalter, Lincoln