11.11 ac permanent pasture land, bull bank, covenham...
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11.11 Ac Permanent Pasture land, Bull Bank, Covenham, Louth, LN11 0XX
01507 350500
11.11 Ac Permanent Pasture land, Bull Bank, Covenham
11.11 acres (4.50 ha)
Grade 3 Grass/Amenity Land
Basic Payment Scheme Entitlements available by separate negotiation
Freehold with Vacant Possession
For Sale by Informal Tender
Introduction
This information and particulars are intended to give a fair and substantially correct overall description for the guidance of the intended purchasers. No responsibility is to be assumed for the accuracy of individual items. Situation and direction The property is situated directly to the east of the Covenham Reservoir. To drive to the land from Louth, take the A16 north towards Grimsby. After approximately four miles, turn right on to Peartree Lane. At the end of Peartree Lane, continue straight over the crossroads on to Bull Bank, then travel past Covenham Reservoir where you will find a private track on your right identified by a For Sale board. You will find the land approximately 200 metres down this track on your right. Description This 11.11ac (4.50ha) of land is currently down to grass having been grazed for a number of years. There may be potential for other amenity uses (subject to planning) particularly considering its close proximity to the Covenham reservoir and water sports centre. Alternatively there may be potential to bring the land back into arable production, subject to gaining the relevant environmental approvals. The land is classified as Grade 3 on the MAFF Provisional Agricultural Land Classification of England & Wales. The soils are predominantly from the Holderness soil series.
Basic Payment Scheme The land is registered with the Rural Land Registry. If required the Basic Payment Scheme Entitlements held by the seller will be available to the purchaser in addition to the purchase price at the market value upon completion plus VAT. The vendor will reserve the 2015 Basic Payment Scheme payment and the purchaser(s) will be required to indemnify the vendors against any non-compliance for the remaining period of the 2015 claim. Early Entry Early Entry on to the land may be available to the purchaser (by negotiation), but only after exchange of Contracts and the payment of a 20% non-refundable deposit. Wayleaves, easements, covenants and rights of way An overhead electrical wayleave crosses the property in a north/south direction. Access to the land is by way of a shared track leading from Bull Bank, marked in green on the plan of the land. The land is sold subject to and with the benefit of all existing wayleaves, easements and rights of way, whether mentioned in these particulars or not. Boundaries The buyer(s) shall be deemed to have full knowledge of all boundaries, and neither the seller nor the selling agents will be responsible for defining ownership of boundaries. A plan showing boundaries as far as is known is available from the offices of the selling agents. Tenure The property is for sale freehold, with the benefit of vacant possession on completion. Outgoings and charges The land is subject to Lindsay Marsh Drainage Board Rates
and rates for the current period have been paid by the vendor. Land drainage The land benefits from land drainage where required Viewing During reasonable daylight hours without appointment. Prospective purchasers are requested to take a copy of these sale particulars with them. Services No as far as we are aware. Tenantright There will be no charge for tenantright, and no claim or allowance will be made for any dilapidations. Sporting and mineral rights These are included in the sale where they are owned. Solicitor Mossop & Bowser Solicitors Abbots Manor 10 Spalding Road Holbeach Lincs, PE12 7LP T:01406 422651 F: 01406 425177 VAT It is not anticipated that VAT will be charged, however, should any sale of any part of the land or any rights attached to it become a charge or supply for the purposes of VAT, such tax will also be payable by the purchaser(s) in addition to the contract price. Method of sale The land is being offered for sale by informal tender of the whole, and is done so in accordance with the
01507 350500
10 The offer should be made in the full knowledge of the contents of these sale particulars.
11 Any offer dependent upon the sale of another property or a mortgage or other funding arrangements must be clearly declared.
12 Offeror(s) are advised to make their offer for an odd figure to avoid the possibility of two identical offers being received.
13 Offers must be figures certain and expressed in Pounds Sterling.
Conditions of Sale below. Closing date for receipt of offers is 1.30 pm on Friday, 22
nd January 2016.
Overage (Claw back) Agreement The land will be subject to an overage agreement triggered by any uplift in value brought about by a planning permission for a use other than agricultural or non-commercial equestrian use. The agreement states that 25% of any uplift in value will be paid to the vendor or beneficiaries for a period of 30 years. The payment will be due upon the earlier of implementation or the sale of the land with the benefit of planning permission. A copy of the overage agreement is available from the selling agent’s office and prospective purchasers are advised to take independent legal advice in this regard prior to submitting an offer.
Plans and areas The gross areas has been prepared within the offices of the sole agent, and the information is based upon the Rural Land Registry information and ProMap.
Date of information These particulars were prepared in November 2015. Conditions of Sale
1 Offers should be submitted to the Agents’ offices at Cornmarket, Louth, Lincolnshire, LN11 9QD.
2 This should be made in writing and marked “Subject to Contract” and “Tender for land at Covenham”.
3 Offers should be received no later than 1.30pm on Friday, 22
nd January 2016
4 The offer should clearly state the following:- i) The full name(s), address and telephone
number of the offeror(s), and the name of any appointed Agent.
ii) Name, address and telephone number of the solicitor acting on behalf of the offeror(s).
5 Offers should be submitted subject to contract only, and any other conditions on which it is made are to be specified.
6 Offers should not be made by reference to any offer by any other party.
7 The purchasers will be expected to Exchange Contracts within four weeks of receipt by their solicitors of the draft Contract, and complete two weeks thereafter. A 10% non-refundable deposit will be required on Exchange of Contracts.
8 The Vendors reserve the right not to accept the highest or any offer.
9 Fax and email offers will be accept as long as they are supported by the hard copy in the normal course of the post thereafter.
M417 Printed by Ravensworth 01670 713330
Important Notice Messrs, Masons Chartered Surveyors for themselves and for vendors or lessees of this property whose agents they are give notice that: (i) The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) No person in the employment of Messrs Masons, Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property; (iv) No responsibility can be accepted for any costs or expenses incurred by intending purchasers or lessees in inspecting the property ,making further enquiries or submitting offers for the property.
Cornmarket, Louth, Lincolnshire LN11 9QD T 01507 350500 F 01507 600561