Land For Sale

Lot 1 - Land At Cottam, Cottam, Retford, Nottinghamshire

Guide price £405,000


Lot 1 – 74.33 acres (30.08 hectares) of productive arable, temporary and permanent grassland for sale by Private Treaty.

Situation
The land is located to the north of the village of Cottam, in North Nottinghamshire.

Lot 1 - 74.33 acres (30.08 hectares) of arable, temporary and permanent grassland
Lot 1 is located north east of Cottam village and is accessed from the adopted highway known as Headstead Bank. The four adjoining fields comprise 46.49 acres of arable and temporary grassland and 27.85 acres of grassland. The grassland forms part of the river banks to the River Trent. Classified as Grade 3 on the Agricultural Land Classification maps, the Soil Survey of England and Wales shows that the soils are of the ‘Fladbury 2’ series, which are described as stone less clayey soils with some sandy subsoils, suitable for both stock rearing and arable cropping.

General Information

Method of Sale
The Property is offered for sale by Private Treaty, available as a whole or in two lots.

Tenure and Tenancies
The Property is offered for sale freehold but subject to a Farm Business Tenancy.
The Farm Business Tenancy is for a term of
1 year, expiring on 30 September 2021.

Basic Payment Scheme (BPS)
The Property is understood to have been registered on the Rural Land Registry. The current Farm Business Tenancy agreement states that at the termination of the agreement all necessary steps are to be taken by the Tenant to secure the transfer of the Tenant’s Entitlements to the Landlord or as the Landlord may direct in return for the payment of fixed total sum of £1.00.

Rights of Way, Wayleaves and Easements
The Property is sold subject to or with the benefit of all wayleaves, easements, quasi-easements, rights of way, covenants and restrictions whether defined in these particulars or not.

Outgoings
Drainage rates are payable to the Trent Valley Internal Drainage Board. The drainage rates for the year, 1 April 2021 to 31 March 2022, are outlined below:
Lot 1 – £313.43

Development Clawback
The Property is to be sold subject to an overage for 25 years whereby 50% of any uplift in value over the prevailing permitted existing use value following the grant of any planning permission for any future uses other than agricultural and equestrian will be payable to the Vendor or their successors. The payment will become due on the implementation or disposal following the grant of planning consent or following the exercise of any permitted development rights. The overage period will be extended to cover any unexpired period of any unimplemented planning consent during the initial overage period.

Services
Prospective Purchasers must satisfy themselves as to the availability of services and any future connections.

Boundaries
Prospective Purchasers will have to satisfy themselves as to the ownership of boundaries.

Sporting and Timber Rights
Sporting and timber rights where owned are included within the freehold title.

Mineral Rights
These are believed to be owned and included in the sale, except where reserved by statute.

Nitrate Vulnerable Zone (NVZ)
The Property lies within a Surface Water NVZ Area and is subject to the usual restrictions.

VAT
Should any part of the sale or Property become chargeable for the purpose of VAT, then such tax will be payable by the Purchaser.

Local Authority
Bassetlaw District Council
(www.bassetlaw.gov.uk) Tel. No. 01909 533533

Viewings
Unaccompanied viewing of the land to be conducted during daylight hours when in possession of these sales particulars. All interested parties are required to inspect on foot only.

Health and Safety
We ask you to take great care and be as vigilant as possible when making an inspection of the Property for your own personal safety.

Plans
All plans are reproduced from Ordnance Survey Maps with sanction and control of HM Stationery Office, Licence Number AL100005237.

Vendor’s Solicitor
Illett & Clark Solicitors, 86 Bridge Street, Worksop, Nottinghamshire S80 1JA
Tel No. 01909 500544

Contact Details
For further information please contact
Fisher German LLP, 2 Carolina Court, Lakeside Business Park, Doncaster, South Yorkshire
DN4 5RA (www.fishergerman.co.uk)
Tel No. 01302 243933

Contact
Jack Healy jack.healy@fishergerman.co.uk or Laura Carr laura.carr@fishergerman.co.uk

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Key Information

Brochure
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