"DoubleClick Insert Picture" - 104.69 acres (42.37ha) Arable Land South Somercotes, Louth, Lincolnshire LN11 7BN - UK Land & Farms
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LOT 3
3
"DoubleClick Insert Picture"
104.69 acres (42.37ha) Arable Land
Property
South Somercotes, Louth, Lincolnshire LN11 7BN
Address
01507 350500
A rare opportunity to acquire 104.69 acres (42.37ha) or thereabouts of arable land as a whole or in 5 lots.
Good quality grade 3 arable land Freehold with vacant possession available after 1st October 2020 Tender Deadline: 12 noon on 1st September 2020
For sale as a whole or in 5 lots Guide Price: £8,000 per acre
Introduction LOT 1 LOT 2
This information and particulars are intended to give a (As shown edged and shaded green on the enclosed (As shown edged and shaded orange on the enclosed
fair and substantially correct overall description for the plan) plan)
guidance of the intending purchasers. No responsibility The land extends to approximately 39.48 acres The land extends to approx. 7.61 acres (3.08ha) of
is to be assumed for the accuracy of individual items. (15.98ha) of Grade 3 arable land and can be accessed Grade 3 arable land and is accessed off East Row, a
off East Row. The soil type is of the Wallasea 2 series green lane. The soil type combines both the Agney
Situation and Description
of stone-less clayey soils. series of deep stone-less, coarse silty soils the Wallasea
The land is situated east of the village of South
Tenure 2 series of stone-less clayey soils.
Somercotes, a small rural village in the east of
Lincolnshire, located 8 miles north-east of the market Lot 1 is subject to a Farm Business Tenancy which Tenure
town of Louth. The land is offered for sale as a whole terminates on 30th September 2020. The land is being The land is subject to a Farm Business Tenancy which
or in five separate lots and extends to approximately sold Freehold with Vacant possession and will be terminates on 30th September 2020. The land is being
104.69 acres (42.37ha) in total. The land comprises available from the 1st October 2020. sold Freehold with Vacant Possession and will be
arable land and a previous cropping schedule is available from the 1st October 2020.
included within these particulars. The land can produce Access Rights
good yields of combinable crops. There are rights of access reserved from the highway LOT 3
to and immediately around the substation in favour of (As shown edged and shaded pink on the enclosed
Directions the owner. The Substation is located in the corner of plan)
From Louth, head east on Eastfield Road continuing field no. TF4294 1734. The land extends to approximately 47.22 acres
onto Louth Road and continue towards the village of (19.11ha) of Grade 3 arable land and is accessed
LOT 1 directly off the road to the south, and from East Row.
South Cockerington. Before reaching the village, turn
left onto Marsh Lane and continue along this road until The soil type is from the Agney series of deep stone-
you reach the village of South Somercotes. For the less coarse silty soils.
specific location of each lot, please refer to the location
plan. Tenure
The land is subject to a Farm Business Tenancy which
Viewing terminates on 30th September 2020. The land is being
During reasonable daylight hours without sold Freehold with Vacant Possession and will be
appointment. Prospective purchasers are requested to available from the 1st October 2020.
take a copy of these particulars of sale with them.
LOT 4
ALL LOTS:
(As shown edged and shaded blue on the enclosed Sporting and Mineral Rights
Environmental Stewardship
plan) These are included in the sale where they are owned.
The arable land is not part of any stewardship
The land extends to approx. 4.94 acres (2.00ha) of
schemes.
Grade 3 arable land. Access to the land is over the Tenant Right and Dilapidations
common green lane marked in green on the plan. The Wayleaves, Easements, Covenants and Rights of Way Tenant right, if any, will be payable by the purchaser to
soil type is of the Wallasea 2 series of stone-less clayey the outgoing tenant on termination of the current
The land is sold subject to and with the benefit of all
soils. tenancies, in accordance with Part 3 of the Agricultural
existing wayleaves, easements and rights of way, Tenancies Act 1995. There will be no consideration or
Tenure
whether mentioned in these particulars or not. allowance made whatsoever for dilapidations or any
The land is subject to a Farm Business Tenancy which
terminates on 30th September 2020. The land is being other deductions.
Boundaries
sold Freehold with Vacant Possession and will be The buyer(s) shall be deemed to have full knowledge of
available from the 1st October 2020. Early Entry
all boundaries and neither the seller nor the selling Early Entry may be available after exchange of
agents will be responsible for defining ownership of the contracts and receipt of a 20% non-refundable deposit,
LOT 4 boundaries. A plan showing ownership as far as is subject to the outgoing tenant’s permission. The
known is available from the offices of the selling purchaser will be obligated to meet all Basic Payment
agents. Scheme rules including cross compliance. The
purchaser will also be required to provide the outgoing
Outgoings and Charges
tenant with an indemnity for any losses brought about
The land is subject to Lindsey Marsh Drainage Board
by a breach of the rules caused by the purchaser or
rates. The purchaser will be responsible for the
their representatives.
payment of drainage rates on a pro-rata basis from the
date of completion onwards.
Method of Sale
Basic Payment Scheme and Purchase of Entitlements The land is being offered for sale by informal tender as
LOT 5
The current occupiers will retain the 2020 Basic a whole or in 5 lots, and is done so in accordance with
(As shown edged and shaded yellow on the enclosed
Payment Scheme payment. The purchaser will be the Conditions of Sale below. The closing date for
plan)
obligated to acquire the basic payment scheme receipt of tenders is 12 noon on 1st September 2020.
The land extends to approx. 5.43 acres (2.20ha) of
Grade 3 arable land. Access to the land is over a entitlements from the outgoing tenant at market value
Plans, Areas and Schedules
common green lane marked in black on the plan. The in time for the purchaser to make the 2021 scheme
The schedule of gross areas has been prepared within
Soil Type is of the Newchurch 2 series comprising claim. The purchaser will be responsible for ensuring
the offices of the sole agent and the information is
clayey soils. that the cross-compliance rules are not breached in
based upon the Rural Land Registry information and
Tenure relation to the outgoing tenant’s 2020 Basic Payment
Promap. The RLR areas and field numbers are based on
The land is subject to a Farm Business Tenancy which Scheme claim until the end of the current scheme year.
the plans and areas produced by the Rural Payments
terminates on 30th September 2020. The land is being Agency.
Services
sold Freehold with Vacant Possession and will be
None in so far as we are aware.
available from the 1st October 2020.
Sporting and Mineral Rights
These are included in the sale where they are owned. www.movewithmasons.co.uk
Conditions of sale
1) Offers should be submitted to the Agent’s 10) Offeror(s) are advised to make their offer for LOT 1
offices at Masons Chartered Surveyors, an odd figure to avoid the possibility of two
Cornmarket, Louth, Lincolnshire, LN11 9QD OR identical offers being received.
via email to lucyt@masons-surveyors.co.uk. 11) Offers must be figures certain and expressed in
2) This should be made in writing and marked pounds sterling.
“Subject to Contract” and “South Somercotes 12) Please state clearly whether you are tendering
Land Tender”. for the whole or individual lots.
3) Offers should be received no later than 12 VAT
noon on 1st September 2020. It is not anticipated that VAT will be charged, however,
4) Offers should not be made by reference to any should any sale of any part of the land or any rights
offer by any other party. attached to it become a chargeable supply for the
5) The purchasers will be expected to exchange purposes of VAT, such tax will also be payable by the
contracts as soon as possible following receipt purchaser(s) in addition to the contract price.
of the draft contract from their solicitor.
However, completion will not take place until Vendor’s Solicitor
after 1st October 2020. A 10% deposit will be Dale Crombleholme
required on exchange of contracts. A 20% Bridge McFarland LLP
deposit will be required if early entry is Cornmarket, Louth
negotiated. Lincolnshire
6) The vendor reserves the right not to accept the LN11 9QD
highest or any offer.
7) The offer should clearly state the following: E: drc@bmcf.co.uk
a. The full name(s), address and T: 01507 355375
telephone number of the offeror(s),
and the name of any appointed Agent
b. Name, address and telephone number
of the solicitor acting on behalf of the
offeror(s)
c. The Lot or lots your offer relates to
8) The offer should be made in the full knowledge
of the contents of these sales particulars.
9) Any offer dependent upon the sale of another
property or a mortgage or other funding
arrangements must be clearly declared.
www.movewithmasons.co.uk
LAND AND CROPPING SCHEDULE
LOT Sheet Parcel ID Total Current 2019 2018 2017 2016
ID (ha) Crop Crop Crop Crop Crop
1 TF4294 1734 3.74 Spring Temporary Winter Oilseed Spring
Wheat Grass Wheat Rape Barley
1 TF4294 3034 5.31 Spring Temporary Winter Oilseed Spring
Wheat Grass Wheat Rape Barley
1 TF4294 4143/4230/5146 6.93 Oilseed Winter Winter Vining Peas Winter
Rape Wheat Wheat Wheat
2 TF4394 0637 3.08 Spring Winter Oilseed Spring Winter
Barley Wheat Rape Barley Wheat
3 TF4293 5390 6.28 Spring Spring Oilseed Spring Winter
Barley Barley Rape Barley Wheat
3 TF4293 7395 5.55 Oilseed Winter Winter Field Beans Winter
Rape Wheat Wheat Wheat
3 TF4293 8693 7.28 Spring Winter Oilseed Spring Winter
Barley Wheat Rape Barley Wheat
4 TF4293 7312 2.00 Spring Oilseed Winter Winter Oilseed
Barley Rape Barley Wheat Rape
5 TF4099 5736 2.20 Winter Oilseed Winter Winter Oilseed
Wheat Rape Barley Wheat Rape
TOTAL 42.37ha 104.69ac
M417 Printed by Ravensworth 01670 713330
Cornmarket, Louth, Lincolnshire LN11 9QD T 01507 350500
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.
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