Land Off, Owes Lane, North Somercotes, Louth, Lincolnshire, LN11

Approximately 3.03 hectares (7.50 acres) of agricultural land

Benefits from road frontage

For Sale by Private Treaty

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The opportunity to purchase approximately 3.03 hectares (7.50 acres) of agricultural land.

For Sale by Private Treaty.

DESCRIPTION
The property extends to approximately 3.03 hectares (7.50 acres) of arable land and benefits from road frontage.

The land is classified as Grade 3 under the Ministry of Agriculture Land Classification and falls within the Wallasea 2 soil series which is described as deep stoneless clayey soils calcareous in places and being capable of growing winter cereals and some sugar beet.

At the date of marketing the property, the land comprises a crop of oilseed . Following the 2026 harvest, the land will be cropped with winter wheat.

LOCATION
The property is located off Owes Lane, approximately 1 mile south of the village of North Somercotes and approximately 6.6 miles north-east of the market town of Louth.

GENERAL REMARKS & STIPULATIONS
Tenure & Possession
The property is offered for sale freehold, with vacant possession on completion.

The land is registered under Land Registry Title No. LL299592.

Method of Sale
The property is being marketed for sale by Private Treaty as a whole. The vendor reserves the right to conclude the sale by an alternative method at their discretion.

The purchaser will be required to exchange contracts within 28 working days of receipt of the draft contract by the purchaser's solicitor, with completion by arrangement. A 10% deposit will be payable on exchange of contracts.

Ingoing
The purchaser will be required to pay an additional sum for any cultivations or crops unable to be harvested post completion in accordance with CAAV costing and enhancement where appropriate.

Outgoings Drainage rates are payable to the Lindsey Marsh Drainage Board.

Services
It is understood that there are no utility services connected to the property. All prospective Purchasers are to satisfy themselves if connections are available, if desired.

Sport, Timber & Mineral Rights
The sporting, timber and mineral rights will be included within the freehold so far as they are owned by the Vendor.

Restrictive Covenants
We are not aware of any covenants or restrictions on the property.

Plans, Areas & Schedules
These have been prepared as carefully as possible and are based on the Ordnance Survey 1:2500 and 1:25000 scale plans. The plans are published for illustrative purposes only and although they are believed to be correct, their accuracy is not guaranteed.

Wayleaves, Easements & Rights of Way
The property is sold subject to and with the help and benefit of all existing rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasieasements, and all wayleaves referred to or not in these particulars.

Disputes
Should any disputes arise as to the boundaries or any point arising in the General Remarks and Stipulations or Particulars of Sale, Schedules, Plans or interpretations of any of them, the matter shall be referred to an Arbitrator to be appointed by the Vendor's Agent.

The purchaser shall be deemed to have full knowledge of all boundaries and neither the Vendor nor the Vendor's Agent will be responsible for defining boundaries or the ownership thereof.

Value Added Tax
In the event that the sale of the property, whether as a whole, in lots, or including any associated rights, constitutes a chargeable supply for VAT purposes, the Purchaser shall be responsible for paying any applicable VAT in addition to the contract price.

Anti-Money Laundering Regulations
In accordance with the most recent Anti Money Laundering Legislation, the Purchaser will be required to provide proof of identity and address to the Vendor's Agent once an offer has been submitted and accepted (subject to contract) prior to Solicitors being instructed.

Viewings
The property can be viewed strictly by appointment only with the selling agents (Brown&Co).

Local Authority
East Lindsey District Council
The Hub, Mareham Road, Horncastle, Lincolnshire, LN9 6PH

Vendor's Solicitor
John Barkers Solicitors
Louth Business Centre, Milford Court, Louth, LN11 0YB

Selling Agents
Chloe Greig
Or
Edward Megginson

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