Land for sale
Sutton-on-Trent, Newark, Nottinghamshire, NG23 6RT
Guide Price
£125,000
Residential Tags: N/A
Property Tags: Equestrian
Land Tags: Arable Land, Mineral Potential, Overage / Clawback
Summary Details
- First Marketed: Aug 2021
- Removed: May 2022
- Residential Tags: N/A
- Property Tags: Equestrian
- Land Tags: Arable Land, Mineral Potential, Overage / Clawback
An arable field extending to 17.78 acres or thereabouts. The land is a light loam capable of growing high yielding cereals and root crops, the land is in good heart and presently growing a healthy crop of wheat.
Access - Access is by an agricultural right of way from Ingram Lane.
Services - There are no services and no water connected.
Tenure - The land is freehold and offered with full vacant possession on completion of the sale.
Overage Agreement - Purchasers will enter into an Overage Agreement providing for a payment of 33.33% of the uplift in value between agricultural land value and development land value in the event of Planning Permission granted for mineral extraction, oil extraction, residential or commercial property development. The period of the Overage Agreement shall be 50 years. Development of agricultural buildings and equestrian buildings is exempt from the overage.
Viewing - The land can be viewed from the roadside at Ingram Lane.
Plan - A plan is attached to these particulars for identification purposes and is outlined pink.
Rural Payment Agency - The land is registered under the stewardship scheme and the vendors are prepared to request a transfer of the entitlements.
Informal Tender - The land is offered by informal tender with a closing date for offers Friday 10th September 2021. Purchasers should be in a position to complete the sale by 15th October 2021.
PRICE GUIDE £125,000.
Informal Tender Procedure - We are inviting best and final offers in writing to reach this office no later than Friday 10th September 2021. Offers should be in a sealed envelope addressed to Richard Watkinson & Partners, 35 Kirkgate, Newark, Nottinghamshire, NG24 1AD with the envelope clearly marked with the Lot number(s).
Proof of funding will be requested before an offer is accepted subject to contract. Offers should be for a fixed amount and subject to contract.
The Vendors shall not be bound to accept the highest offer or any offer. Legal completion is anticipated 15th October 2021.
Additional Lots - The Farming Enterprise is relocating to Cumbria. Additional land is available. A Schedule of Lots is listed below on which individual sale particulars and plans are available.
Marketed by: Richard Watkinson & Partners, Newark
Access - Access is by an agricultural right of way from Ingram Lane.
Services - There are no services and no water connected.
Tenure - The land is freehold and offered with full vacant possession on completion of the sale.
Overage Agreement - Purchasers will enter into an Overage Agreement providing for a payment of 33.33% of the uplift in value between agricultural land value and development land value in the event of Planning Permission granted for mineral extraction, oil extraction, residential or commercial property development. The period of the Overage Agreement shall be 50 years. Development of agricultural buildings and equestrian buildings is exempt from the overage.
Viewing - The land can be viewed from the roadside at Ingram Lane.
Plan - A plan is attached to these particulars for identification purposes and is outlined pink.
Rural Payment Agency - The land is registered under the stewardship scheme and the vendors are prepared to request a transfer of the entitlements.
Informal Tender - The land is offered by informal tender with a closing date for offers Friday 10th September 2021. Purchasers should be in a position to complete the sale by 15th October 2021.
PRICE GUIDE £125,000.
Informal Tender Procedure - We are inviting best and final offers in writing to reach this office no later than Friday 10th September 2021. Offers should be in a sealed envelope addressed to Richard Watkinson & Partners, 35 Kirkgate, Newark, Nottinghamshire, NG24 1AD with the envelope clearly marked with the Lot number(s).
Proof of funding will be requested before an offer is accepted subject to contract. Offers should be for a fixed amount and subject to contract.
The Vendors shall not be bound to accept the highest offer or any offer. Legal completion is anticipated 15th October 2021.
Additional Lots - The Farming Enterprise is relocating to Cumbria. Additional land is available. A Schedule of Lots is listed below on which individual sale particulars and plans are available.
Marketed by: Richard Watkinson & Partners, Newark
Land Registry Data
- No historical data found.