Farm for sale

Authorpe, Louth LN11

C. 5.84 acres (2.36ha) of Grade 3 land off Scrub Lane in the heart of the small village of Authorpe, boasting substantial road frontage, providing a great long-term investment opportunity. The land is offered for sale by Private Treaty as a Whole or in part, subject to negotiation.

Description
The land consists of approximately 5.84 acres (2.36ha) of grassland classified as Grade 3 on the Land Classification Plan of England and Wales. The land is offered for sale by Private Treaty as a Whole or by partitioning the land into two smaller lots subject to negotiation. The property presents a great long-term investment opportunity, boasting substantial roadside frontage in the heart of the small village of Authorpe.

The Land
The land has the benefit of direct road access and stock-proof fencing around the perimeter.

The soils form part of the holderness association, consisting of fine loamy soils with a chalky till, which is suitable for growing a variety of cereals and temporary grass.

Overage Agreement
The Whole of the land is to be sold subject to an overage agreement whereby 30% of the net uplift in value from the approval of planning permission for any residential or commercial usage will be payable to the vendor for a period of 30 years from the date of completion.

Outgoings and Charges
The land is subject to drainage rates payable to the Environment Agency at the prevailing rate and the purchaser will be responsible for the payment of drainage rates from the date of completion on a pro-rata basis.

Wayleaves, Easements, Covenants and Rights of Way
The land is sold subject to and with the benefit of all existing wayleaves, easements and quasi-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 the boundaries. A plan showing ownership according to the Land Registry is available from the Selling Agents.
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 chargeable supply for the purposes of VAT, such tax will also be payable by the purchaser(s) in addition to the contract price.

Services
None in so far as the agents are aware.

Environmental Land Management
The land is not entered into any environmental land management schemes.

Ingoing Valuation
There will be no ingoing valuation to pay for in terms of growing crops or acts of husbandry. Additionally, there will be no charge for UMVs and/or RMVs. There will be no claim for dilapidations or any other matters.

Sporting & Mineral Rights
These are included in the sale where they are owned.

Delinked Payments
The land is registered with the Rural Payment Agency, but the delinked payments will not be retained by the vendor.

Planning
The property is situated within East Lindsey lpa where the land is defined as open countryside. Any planning enquiries should be obtained prior to submitting an offer.

Back Cropping
The land was put to a temporary grass ley around 2007, before which, the land was part of a usual arable rotation.

Underdrainage
The land benefits from an underdrainage scheme. A plan of which is available form the selling agents upon request.

Tenure
The land is being sold freehold with vacant possession.

Plans, Areas & Schedules
The schedule of areas and field numbers has been prepared within the offices of the sole agent and the information is based upon that of the Agents’ mapping software. The back cropping has been supplied by the vendor.

Flood Risk
The Land is located in flood zone 1 indicating the land has a low probability of flooding.

Vendors Solicitor
Amy Cowdell
Shakespeare Martineau
12-14 St Mary’s Lane
Lincoln
LN5 7EQ

Telephone – Email –

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