Land For Sale

Lot 3, Land At Cottam and South Leverton, Retford, Nottinghamshire

POA


25.02 acres (10.13 hectares) of arable land off Broad Lane

A single parcel of land with road frontage onto Broad Lane, currently within arable cultivations.

The land is classified as Grade 3 on the Agricultural Land Classification maps, the Soil Survey of England and Wales indicates that the soils are of the ‘Blackwood’ series, which are described as deep permeable sandy and coarse loam soils, suitable for cereals, potatoes and sugar beet.

GENERAL INFORMATION

Method of Sale

The Property is offered for sale by Private Treaty, available as a whole or in four lots. Bids for a multiple of lots or constituent parts may be considered.

Tenure and Tenancies

The Property is offered for sale freehold, but subject to a Farm Business Tenancy and Sporting Rights Agreement.

The Farm Business Tenancy, dated 4 April 2013, is currently holding over, with a passing rent of £30,000 per annum. Notice to Quit has been served on the tenant, to vacate on 30 September 2018.

The Sporting Rights Agreement expires on 2 February 2018.

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 (and at no cost to the Landlord) 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.

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.

Overhead electricity towers located within Lots 1 and 5 are the subject of annual wayleave agreements with National Grid.

Outgoings

Drainage rates are payable to the Trent Valley Internal Drainage Board. The drainage rates for the year, 1 April 2017 to 31 March 2018, are outlined below:

Lot 1 – £273.91
Lot 2 – £229.46
Lot 3 – £80.43
Lot 4 – £19.24

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 are included in the sale.

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.

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