savills properties

16
FOR SALE BY DIRECTION OF THE LINCOLN DIOCESAN TRUST & BOARD OF FINANCE LIMITED LINCOLNSHIRE RURAL PORTFOLIO For Sale By Informal Tender

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Page 1: Savills Properties

For sale by direction oF the lincoln diocesan trust & board

oF Finance limited

LincoLnshire ruraL PortfoLio

For Sale By Informal Tender

Page 2: Savills Properties

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lot 1 4.58 acres (1.91 hectares) Land at Gayton le Marsh, Lincolnshire, LN13 0NS (nearest post code)

description

Two small parcels of grassland totalling 4.58 acres (1.91 hectares).

directions

Head out of the village of Gayton le Marsh towards Theddlethorpe, once you have reached the edge of the village the first parcel is found on the left hand side with the second parcel on the right hand side further down the track.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes it as Wallasea 2, which is deep stone less clayey soils, calcareous in places, some deep silty soils.

basic Payment scheme

We understand the land is registered to receive payments under the basic payment scheme. The entitlements belong to the tenant. No entitlements are to be transferred with the land.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is sold subject to a Agricultural Holdings Act Tenancy which is subject to a Case G Notice to Quit. Vacant possession is available in October 2018.

Viewings

Strictly by appointment through the selling agents.

local authority

East Lindsey District CouncilTedder Hall, Manby Park, Louth, Lincolnshire, LN11 8UPTel: 01507 601111

Page 3: Savills Properties

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2.66 ha

2.54 ha

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lot 2 13.18 acres (5.2 hectares) Land off Mere Drove, Old Leake, Lincolnshire, PE22 9QF (nearest post code)

description

A single parcel of arable land divided into two parts totalling about 13.18 acres subject to two Farm Business Tenancies.

directions

From the Butchers Arms pub follow Wicken Lane out of the village, then turn left on to Mere Drove where the land can be found on the right hand side.

the land

Classified as predominantly Grade 1 land, the Soil Survey of England and Wales describes it as Wallasea 2, which is deep stone less clayey soils, calcareous in places, some deep silty soils. Suitable for winter cereals, some sugar beet, potatoes, cereals and field vegetables.

basic Payment scheme

At the termination of the tenancy, the outgoing tenants are required to transfer the entitlements to the purchaser or the purchasers designated nominee in return for consideration of £1.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to two separate Farm Business Tenancies which both terminate on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation by the purchaser.

ingoing Valuation

In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Viewings

Strictly by appointment through the selling agents.

local authority

Boston Borough Council

Municipal Buildings 8QR, West Street, Boston, PE21 8QN.Tel: 01205 314200

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1.04 ha

0.88 ha

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Page 4: Savills Properties

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lot 3 25.45 acres (10.3 hectares) Land off Manby Middlegate, Manby, Lincolnshire, LN11 8HA (nearest post code)

description

A single block of productive arable land fronting the B1200.

directions

The land can be found by heading about 900 metres out of the village on the B1200 towards Saltfleetby as denoted by the Savills for sale board.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Holderness which is slowly permeable, seasonally waterlogged coarse loamy soils and similar soils with only slight waterlogging. Suitable for cereals and some short term grassland.

basic Payment scheme

At the termination of the tenancy, the outgoing tenants are required to transfer the entitlements to the purchaser or the purchasers designated nominee in return for consideration of £1.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a Farm Business Tenancy which terminates on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation (detailed below) by the purchaser.

ingoing Valuation In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Viewings

Strictly by appointment through the selling agents.

local authority

East Lindsey District CouncilTedder Hall, Manby Park, Louth, Lincolnshire, LN11 8UPTel: 01507 601111

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1.04 ha

0.88 ha

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Page 5: Savills Properties

lot 4 38.04 acres (15.17 hectares) Land off Long Drive, Thurlby, Lincolnshire, PE10 0EH (nearest post code)

description

Two parcels of arable land situated either side of Long Drove, Thurlby.

directions

From Bourne head south on Bourne Road. When you reach the village of Thurlby turn left onto Church Street and onto Long Drove where the land is situated either side of the road.

the land

Classified as Grade 2 land, the Soil Survey of England and Wales describes the land as Stretham which is deep well drained calcareous clayey soils. Suitable for winter cereals and other arable crops.

basic Payment scheme

At the termination of the tenancy, the outgoing tenants are required to transfer the entitlements to the purchaser or the purchasers designated nominee in return for consideration of £1.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a Farm Business Tenancy which terminates on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation (detailed below) by the purchaser.

ingoing Valuation In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the Tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Viewings

Strictly by appointment through the selling agents.

local authority

South Kesteven District Council1 Maiden Lane, Stamford, Lincolnshire, PE9 2AZTel: 01476 406080

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7.18 ha

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Page 6: Savills Properties

lot 5 24.87 acres (9.94 hectares) Land off the A15, Thurlby, Lincolnshire, PE10 0EH (nearest post code)

description

About 24.87 acres of predominantly arable land with access taken via a right of way from the A15.

directions

From Bourne head south on Bourne Road (A15) and continue through the village of Thurlby. The track providing access to the land can be found a short distance south of the village on the left hand side.

the land

Classified as Grade 2 land, the Soil Survey of England and Wales describes the land as Stretham which is deep well drained calcareous clayey soils. Suitable for winter cereals and other arable crops.

basic Payment scheme

At the termination of the tenancy, the outgoing tenant is required to transfer the entitlements to the purchaser or the purchaser’s designated nominee in return for a consideration equivalent to the open market value of the entitlements at the date of the termination.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a periodic Farm Business Tenancy dated 11 October 2010. Vacant possession can be gained on giving at least 12 months notice to the tenant in writing, expiring on the anniversary of the tenancy.

ingoing Valuation On termination of the tenancy, compensation in accordance with Part 3 of the 1995 Act will be due.

Viewings

Strictly by appointment through the selling agents.

local authority

South Kesteven District Council1 Maiden Lane, Stamford, Lincolnshire, PE9 2AZTel: 01476 406080

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0.91 ha

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0.88 ha

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Page 7: Savills Properties

lot 629.6 acres (12.01 hectares) Land off Holmes Lane, Winterton, Lincolnshire, DN15 9QY (nearest post code)

description

A single parcel of arable land situated near the small town of Winterton in north Lincolnshire.

directions

From Winterton, head east on Holmes Lane towards Horkstow. The land can be found on the left hand side approximately 2.8 km outside of Winterton.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Wallasea 1 which is deep stoneless non-calcareous and calcareous clayey soils, groundwater controlled by ditches and pumps, flat land. Slight risk of flooding. Suitable for winter cereals and some grassland.

basic Payment scheme

At the termination of the tenancy, the outgoing tenants are required to transfer the entitlements to the purchaser or the purchasers designated nominee in return for consideration of £1.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a Farm Business Tenancy which terminates on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation (detailed below) by the purchaser.

ingoing Valuation In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the Tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Viewings

Strictly by appointment through the selling agents.

local authority

North Lincolnshire CouncilCivic Centre, Ashby Road, Scunthorpe, North Lincolnshire, DN16 1ABTel: 01507 601111

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12.01 ha

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0.88 ha

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Page 8: Savills Properties

lot 724.46 acres (9.85 hectares) Land at Marton, Lincolnshire, DN21 5AW (nearest post code)

description

Three parcels of adjoining grassland with access taken directly off the A156.

directions

From the village of Marton head south on the A156. The land can be found a short distance south of the village on the left hand side.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Wisbech and Wickham 2. Wisbech is described as deep stoneless calcareous silty soils. Suitable for sugar beet, potatoes, field vegetables, cereals and grassland. Wickham 2 is slowly permeable seasonally waterlogged fine loamy over clayey, fine silty over clayey and clayey soils. Suitable for winter cereals and grassland.

basic Payment scheme

We understand the land is registered to receive payments under the basic payment scheme. The entitlements belong to the tenant. No entitlements are to be transferred with the land.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a Farm Business Tenancy which terminates on 31 December 2018.

Viewings

Strictly by appointment through the selling agents.

local authority

West Lindsey District CouncilGuild hall, Marshall’s Yard, Gainsborough, Lincolnshire, DN21 2NATel: 01427 676676

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Page 9: Savills Properties

lot 815.11 acres (5.26 hectares) Land off Lodge Lane, Minting, Lincolnshire, LN9 5NR (nearest post code)

description

Two parcels of land situated either side of Lodge Lane, Minting.

directions

Head out of Minting on Minting Lane then Lodge Lane towards the A158, the land can be found on either side of Lodge Lane on the last left hand bend before you reach the A158.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as predominantly of the Wickham 2 series which slowly permeable seasonally waterlogged fine loamy over clayey, fine silty over clayey and clayey soils. Suitable for winter cereals and grassland.

basic Payment scheme

The land is registered to receive payments under the basic payment scheme. The entitlements belong to the tenant. No entitlements are to be transferred with the land.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession The land is subject to a Farm Business Tenancy which terminates on 6 April 2019.

Viewings

Strictly by appointment through the selling agents.

local authority

East Lindsey District CouncilTedder Hall, Manby Park, Louth, Lincolnshire, LN11 8UPTel: 01507 601111

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0.88 ha

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Page 10: Savills Properties

lot 949.43 acres (19.96 hectares) Land off Helpringham Road, Scredington, Lincolnshire, NG34 0BW (nearest post code)

description

A single parcel of arable land extending to about 49.43 acres.

directions

From Scredington, head towards Helpringham on the Helpringham Road. The land can be found about 1.5 km outside the village on the left hand side just beyond the Gorse Lane turning.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Beccles 3 which is slowly permeable waterlogged fine loamy over clayey soils with slight seasonal waterlogging. Suitable for winter cereals and some grassland.

basic Payment scheme

At the termination of the tenancy, the outgoing tenants are required to transfer the entitlements to the purchaser or the purchasers designated nominee in return for consideration of £1.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a Farm Business Tenancy which terminates on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation (detailed below) by the purchaser.

ingoing Valuation In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the Tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Viewings

Strictly by appointment through the selling agents.

local authority

North Kesteven District CouncilDistrict Council Offices, Kesteven Street, Sleaford, Lincolnshire, NG34 7EFTel: 01529 414155

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Page 11: Savills Properties

lot 1027.2 acres (10.95 hectares) Land at Snitterby Carr Lane, Snitterby, Lincolnshire, DN21 4UJ (nearest post code)

description

A single parcel of arable land extending to about 27.2 acres off Snitterby Carr Lane.

directions

From Snitterby, head east on Moor Road. Once at the T-junction turn right and then the next left onto Snitterby Carr Lane. The land can be found a short distance along the road on the right hand side.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Curbridge which is deep stoneless permeable coarse loamy soils with groundwater controlled by ditches. Suitable for cereals, sugar beet and potatoes, some field vegetables.

basic Payment scheme

The land is registered to receive payments under the basic payment scheme. The entitlements belong to the tenant. No entitlements are to be transferred with the land.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession The land is subject to a Farm Business Tenancy which terminates on 10 October 2019. Vacant possession can be gained on three months notice, subject to the payment of the ingoing valuation (detailed below) by the purchaser.

ingoing Valuation In addition to compensation under the Agricultural Tenancies Act 1995, the landlord shall pay to the tenant as compensation for disturbance:

• In respect of a determination taking effect between 1 January and 6 April, a sum calculated in the same manner as enhancement under the Agriculture (Calculation of Value for Compensation) Regulations 1978 to 1983

• In respect of a determination taking effect after 6 April but before the current crop on the land taken has been harvested a sum calculated as the Tenant’s loss of profit on that crop subject to deduction of the compensation under the 1995 Act relating to that crop

Viewings

Strictly by appointment through the selling agents.

local authority

West Lindsey District CouncilGuild hall, Marshall’s Yard, Gainsborough, Lincolnshire, DN21 2NATel: 01427 676676

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10.95 ha

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Page 12: Savills Properties

lot 1113.65 acres (5.33 hectares) Land at Walesby, Lincolnshire, LN8 3GW (nearest post code)

description

A undulating block of pasture land situated to the northern edge of Walesby village.

directions

The land can be found on the northern edge of the village with vehicle access taken from Otby Lane.

the land

Classified as Grade 4 land, the Soil Survey of England and Wales describes the land as Wickham 2 which slowly permeable seasonally waterlogged fine loamy over clayey, fine silty over clayey and clayey soils. Suitable for winter cereals and grassland.

basic Payment scheme

The land is registered to receive payments under the basic payment scheme. The entitlements belong to the tenant.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is subject to a Farm Business Tenancy which terminates on 6 April 2019.

Viewings

Strictly by appointment through the selling agents.

local authority

West Lindsey District CouncilGuild hall, Marshall’s Yard, Gainsborough, Lincolnshire, DN21 2NATel: 01427 676676

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WALESBY HILL

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Greensleeves

Highfield Farm

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The Old School81.6m

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Kestrels

OTBY LANE

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5.33 ha

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Page 13: Savills Properties

lot 126 acres (2.48 hectares) Land off Stocks Lane, Faldingworth, Lincolnshire, LN8 3FX (nearest post code)

description

A single parcel of grassland to the northern edge of the village of Faldingworth.

directions

From the A46 head west on Spridlington Road then turn right onto Stocks Lane. Access to the land can be found at the end of Stocks Lane on the right hand side.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Beccles 1 which is Slowly Permeable seasonally waterlogged fine loamy over clayey soils, associated with similar clayey soils.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession The land is sold freehold with vacant possession upon completion.

Viewings

Strictly by appointment through the selling agents.

local authority

West Lindsey District CouncilGuild Hall, Marshall’s Yard, Gainsborough, Lincolnshire, DN21 2NATel: 01427 676676

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White Cottage

Domek

Jonjoma

Garfield

Brownlow

House

All Saints Church

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Church Cottage

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Cherries

Eastridge

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Old School

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2.48 ha

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1.04 ha

0.88 ha

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Page 14: Savills Properties

lot 135.77 acres (2.29 hectares) Land at North Reston, Lincolnshire, LN11 8LS (nearest post code)

description

A single parcel of arable land with access taken directly off the A157.

directions

From the village of Legbourne, head south East out of the village on the A157 towards North Reston. The land can be found approximately 500 metres outside of Legbourne on the right hand side.

the land

Classified as Grade 3 land, the Soil Survey of England and Wales describes the land as Salop which is slowly permeable seasonally waterlogged reddish fine loamy over clayey, fine loamy and clayey soils. Suitable for grassland and some cereals.

restrictive covenants / overage clause

The lot is subject to a restrictive covenant and an overage clause that are detailed at the end of these sales particulars.

tenure and Possession

The land is sold freehold with vacant possession upon completion.

Viewings

Strictly by appointment through the selling agents.

local authority

East Lindsey District CouncilTedder Hall, Manby Park, Louth, Lincolnshire, LN11 8UPTel: 01507 601111

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2.29 ha

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0.88 ha

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Page 15: Savills Properties

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General inFormationmethod of sale and lotting The portfolio is available as a whole or individual lots by way of Informal Tender. All offers should be submitted no later than 12 Noon on Wednesday 20 June 2018.

minerals, sporting and timber rights As far as they are owned, sporting rights and standing timber are included in the sale.

restrictive covenant / overage clauseThe property is sold subject to a reservation of 50% of any future development value (clawback) for a period of 80 years and to a covenant limiting the land to agricultural and equestrian use only.

Please see the Tender Form for further information on restrictive covenants.

Wayleaves, easements and rights of Way The property will be sold subject to and with the benefit of all existing wayleaves, easements and rights of way whether mentioned in these particulars or not.

Fixtures and FittingsOnly those items specifically referred to in these particulars are included in the sale.

Viewings Viewings are strictly by appointment through the selling agents.

Vendor’s solicitors

Jonathan BlytheChattertons, 9 Broad Street, Stamford, Lincolnshire, PE9 1PY. Tel: 01780 750664 Email: [email protected]

Plans, schedules and boundaries The vendor and the vendor’s agent will endeavour to specify the ownership of boundaries, hedges, fences and ditches where known but will not be bound to determine these. The purchaser will satisfy themselves as to the ownership of any boundaries.

searches The purchaser will reimburse the vendor for the cost of searches.

town and country PlanningThe properties are offered subject to any development plans, Tree Preservation Orders, Town Planning schedules or resolutions which may or may not come into force. The purchaser will be deemed to have full knowledge and satisfy themselves as to the provisions of any such matters affecting the property.

VatShould any part of the sale or any rights attached to it become chargeable items for the purpose of VAT then such a tax will be payable by the purchaser.

local authority Lincolnshire County Council, County Office, Newland, Lincoln, LN1 1YL - Tel: 01522 552222

Page 16: Savills Properties

savills, their clients and any joint agents give notice that: 1. they are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. they assume no responsibility for any statement that may be made in these particulars. these particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. any areas, measurements or distances are approximate. the text, images and plans are for guidance only and are not necessarily comprehensive. it should not be assumed that the property has all necessary planning, building regulation or other consents and savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 040518st

Sam Thomas Savills Lincoln

[email protected] 01522 507 315

Romina Llorente Savills Lincoln

[email protected] 01522 508 914

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