Lot 3 - 29.16 Acres (11.80ha) of Grade 3 Arable Land at Austen Fen, Grainthorpe

TENDER DEADLINE 1PM 31ST JULY 2026
Guide Price for the Whole - £1,815,000

The entirety of the land consists of approximately 226.22 acres (91.55ha) of Grade 3 productive arable land. The land is offered for sale by Informal Tender in five individual lots, or as a Whole.

Lot 3
29.16 acres (11.80 hectares) of Grade 3 Bare Arable Land
Guide Price - £235,000

Description
The soils form part of the Holderness and Newchurch 2 associations, consisting of deep stoneless clayey and fine loamy soils, suitable for growing a variety of cereal crops and grass leys.

The land comprises two field parcels of regular shapes, making them suitable for modern farming practises.

Access
The land benefits from direct road access from King Street.

Back Cropping
A schedule of all current and historic past cropping has been prepared and is located towards the end of these particulars.

Underdrainage
All fields benefit from functioning underdrainage schemes. Copies of the drainage plans are available from the selling agents upon request.

Holdover
The vendor reserves holdover rights to continue to grow and harvest the current growing crop until it is harvested in the summer of 2026. Possession of the land will be given to the purchaser upon the clearance of the growing crop and any baled straw.

Early Entry
Early entry will be available where possible subject to the exchange of contracts having taken place and payment of a non-refundable double deposit (20%).

Overage Clause
All Lots will be for sale subject to an overage clause whereby 30% of the uplift in value for any non-agricultural use is payable to the Vendors or their successors in title upon the earlier event of either the grant of planning permission, or the sale of the Land for a term of 30 years from the date of completion.

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.

Flood Risk
Large sections of the Land, especially those closest to the Louth Canal, are located in flood zone 3 for both fluvial and sea flooding. This indicated the land has a greater than 0.5% chance of flooding from the sea and greater than 1% of fluvial flooding. At least some part of each lot is located in Flood Zone 3 for both sea and fluvial flooding.

Tenure
The land is being sold freehold with vacant possession subject to the holdover rights outlined above.

Outgoings and Charges
All land except a part of Lot 5 is subject to drainage rates payable to the Lindsey Marsh Drainage Board at the prevailing rate. The remaining part is subject to drainage rates payable to the Environment Agency at the prevailing rate. The purchaser will be responsible for the payment of drainage rates from the date of completion on a pro-rata basis.

Delinked Payments
The land is registered with the Rural Payment Agency, but the delinked payments will not be transferred to the purchaser.

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

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

Ingoing Valuation
Since the vendor is reserving holdover rights, the growing crop will not be purchased by the purchaser. There will also be no ingoing valuation to pay for in terms of other acts of husbandry, UMVs and/or RMVs; and there will be no claim for dilapidations or any other matters.

Viewing
Unaccompanied viewings are permitted during daylight hours, subject to notifying the Selling Agents at least 24 hours in advance and providing a copy of these particulars are to hand.

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 Title Deeds is available from the Selling Agents.

Environmental Land Management Schemes
The land is not currently subject to any Environmental Land Management Schemes.

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.

FMLD RUPR