55.39 Acres Of Land Off Hollow Lane, Barningham, Diss, Suffolk, IP22

22.42 Hectares (55.39 Acres) For Sale by Private Treaty

Grade 2 & 3 Arable Land

Subject to an Annual Periodic Farm Business Tenancy

Approx. 4.70m2 Concrete Pad

22.42 Hectares (55.39 Acres) of bare arable land subject to an Annual Periodic Farm Business Tenancy for sale by Private Treaty

Detailed Description

INTRODUCTION
The Property extends to approx. 22.42 hectares (55.39 acres) comprising a single field of productive arable land including a concrete pad situated on the northwest edge which extends to approx. 470m2. The Land is accessed directly off Hollow Lane.

LOCATION & SITUATION
The property lies Northeast of the village of Barningham, situated between Hopton Road and Hollow Lane, 8 miles from Thetford and 12.1 miles from the Cathedral town of Bury St. Edmunds.

THE PROPERTY
The Land is shown as Grades 2&3 on the Provisional Ministry of Agricultural Classification Map for the Eastern Region. The soils are classified by the Soil Survey for England and Wales as being Beccles 1. This is described as slowly permeable seasonally waterlogged fine loamy over clayey soils, associated with similar clayey soils.

The past cropping is as follows:

Harvest Year Crop
2019 Sugar Beet
2020 Winter Wheat
2021 Winter Oats
2022 Winter Wheat
2023 Sugar Beet
2024 Maize
2025 Winter Wheat

GENERAL REMARKS AND STIPULATIONS
METHOD OF SALE
The freehold of the property is offered for sale by Private Treaty as a whole subject to a Farm Business Tenancy.

FARM BUSINESS TENANCY
The Land is currently subject to an annual periodic Farm Business Tenancy. The Tenancy commenced on the 11th October 2020 for a Term of 3 Years. The rent is currently £9,000 per annum. A copy of the Agreement is available from the Vendors Agent on request.

OVERAGE CLAUSE
The Vendor will have the right to receive 25% of any additional value if Planning Permission is granted for a non-agricultural or non-equestrian use over a period of 20 years.

EXCHANGE OF CONTRACTS AND COMPLETION
Exchange of contracts will be as soon as practically possible with a 10% deposit payable. Completion will be 28 days thereafter.

LAND DRAINAGE
The Land benefits from land drainage. A copy of the drainage plan can be obtained from the Vendors Agent.

BASIC PAYMENT SCHEME
The Vendor will receive and retain all future Basic Payment run off or delinking payments relating to the land.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
Except as set out below, we are not aware of any rights of way, public footpaths, bridleways, easements, wayleaves, and private access either enjoyed by neighbours across this property or enjoyed by this property over neighbouring land. A number of brick manhole chambers cross the property.

ANTI MONEY LAUNDERING LEGISLATION
In accordance with the most recent Anti Money Laundering Legislation, Buyers will be required to provide proof of identity and address to the Selling Agent once an offer has been submitted and accepted (subject to contract) prior to Solicitors being instructed.

VALUE ADDED TAX
Should any sale of the Land, or any right attached to it become a chargeable supply for the purpose of VAT, such tax shall be payable by the Purchaser in addition to the contract price.

PLANS AND AREAS
These are prepared as carefully as possible by reference to digital OS data and HM Land Registry. The plans are published for illustrative purposes only and although they are believed to be correct their accuracy cannot be guaranteed.

DISPUTES
Should any disputes arise as to the boundaries or any matters relating to the Particulars, or the interpretation thereof, the matter will be referred to an Arbitrator to be appointed by the Selling Agents.

VIEWINGS AND HEALTH & SAFETY
The land may be viewed at any time with a set of particulars to hand with interested parties first having registered their interest with the Selling Agents (Brown & Co). People viewing the property should be careful and vigilant whilst on the property. Neither the Vendor or the Vendor's Agents are responsible for the safety of those viewing the property and accordingly those viewing the property do so at their own risk.