Stonham Aspal, Stowmarket, Suffolk, IP14

An opportunity to purchase a compact block of Grade 3 Arable Land totalling 193.46 acres available for sale as a whole.

Location
Mill Green is located just north of the village of Stonham Aspal, approximately 7 miles east of the market town of Stowmarket and 12 miles north of Ipswich in the county of Suffolk.

The Land
A compact block of productive arable land extending to approximately 193.46 acres (78.29 hectares), identified as being Grade 3 on the Ministry of Agriculture Land Classification Maps. The arable land for sale is available as a whole.

The soil survey of England and Wales identifies the land as being part of the Beccles 1 soil series suited to a cereal rotation. Currently the land is farmed as part of a traditional contract farming arrangement and has been very well managed historically.

Access
Agricultural access is off Scotts Hill, Mill Green and The Street, Stonham Aspal via an agricultural vehicular right of way.

Tenure and Possession
The land is currently farmed under a contract farming arrangement and will be sold freehold with vacant possession. Possession will be available immediately after all growing crops have been harvested from the 2024 season.

Minerals, Timber and Sporting Rights
These rights are in hand and included within the sale.

Basic Payment Scheme
The land is registered under the Rural Payments Agency. Since the end of 2023, the Basic Payment Scheme is delinked from land parcels and farming activities. Occupation of farmland in 2024 and thereafter will not give rise to any Basic Payment.

The previous occupier will retain the Basic Payment Scheme income for the future years.

Environmental Schemes
The land has not been entered into any environmental schemes but is eligible for any future available Rural Payment Schemes.

Overage
Part of the land (edged dark blue on the plan) will be subject to an Overage Clause of 50% of the uplift in value, for a period of 25 years, should commercial or residential development (either single or multiple) be granted.

For further information please contact the agents.

Rights of Way, Easements and Wayleaves
The property is sold and will be conveyed with the benefit of and subject to all rights of way (whether public or private), water, drainage, sewerage, light, wayleaves and other easements, if any, subject to all outgoings or charges connected with or chargeable upon the property whether mentioned herein or not.

Method of Sale
The land is offered for sale as a whole and part by private treaty. Interested parties should register their interest with the agent’s Bury St Edmunds or Stowmarket office providing full contact details including their postal address, telephone numbers and email address (if appropriate).

Sale Update:

We are now willing to consider offers for part areas for the land. Please submit your interest to

Local Authorities/Statutory Bodies

Babergh and Mid Suffolk District Council: Endeavour House, 8 Russel Road, Ipswich, IP1 2BX.

Suffolk County Council: Endeavour House, 8 Russell Road, Ipswich, Suffolk, IP1 2BX.

Anglian Water Services Ltd: PO Box 46, Spalding, Lincolnshire, PE11 1DB.

Environment Agency: Cobham Road, Ipswich, Suffolk, IP1 1JE.

VAT
In addition to the purchase price, should any sale of the property or any right attached to it become chargeable supply for the purpose of Value Added Tax, such shall be payable by the Purchaser(s) in addition to any monies to be paid during the course of the sale and the Purchaser shall indemnify the Vendors in respect thereof, including interest or penalty payments. No election has been made to charge VAT on property sales.

Anti-Money Laundering
In accordance with the most recent Anti-Money Laundering Legislation, purchaser(s) will be required to provide proof of identity to vendor’s agents once an offer is submitted and prior to solicitors being instructed.

Should you wish to proceed with an offer on this property, we are obligated by HMRC to conduct mandatory Anti-Money Laundering Checks. We outsource these checks to our compliance partners at Coadjute and they charge a fee for this service. We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Coadjute who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £33.00 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Coadjute, and is non-refundable. Lacy Scott & Knight do not receive any commission for this payment/service.

Postcode
The nearest residential postcode is IP14 6DD.

What3Words
Access track at Mill Green – estimate.removable.collapsed
Access off The Street, Earl Stonham – teaches.bells.shoelaces

Viewing
Strictly by appointment with the agents at the Bury St Edmunds office and during daylight hours. Please contact Graham Ford, Gerard Smith or Eleanor Pratt