Description
We have been instructed by the Vendor to call for best and final bids on all four lots of the land we are selling at Ryehill Farm. We require bids to be submitted to us in writing (either by post or email) by 12 noon on Wednesday 5 December 2018. Please contact us to obtain a copy of the letter detailing the best offer process that we have been instructed to undertake.
The guide price for the whole is £404,000. The guide prices for the lots are as follows:
Lot 1 - £75,000
Lot 2 - £43,000
Lot 3 - £49,000
Lot 4 - £237,000
Please contact us on 01604 608210 in advance of the deadline if you require any further information.
Approximately 46.9 acres (18.98 hectares) of pasture land For Sale by Private Treaty as a whole or in four lots.
Lot 1 – 3.78 acres
Lot 2 – 4.28 acres
Lot 3 – 4.99 acres
Lot 4 – 33.85 acres
SITUATION
The land lies approximately 0.8 miles west of the village of Dunchurch in Warwickshire and approximately 3.5 miles south of Rugby town centre. The land is well positioned with good transport links with access to the A45 and M45 approximately 1 mile away.
Access to Lot 1 is available via Halfway Lane. Lots 2, 3 and 4 are accessed via the road shown marked brown on the plan.
DESCRIPTION
The land extends to 46.9 acres (18.98 hectares) or thereabouts of pasture land in four parcels, as shown edged red on the attached plan. The land is for sale as a whole or in four lots. The lots are set out as follows:
Lot 1 – 3.78 acres (1.53 hectares) of amenity/grazing land with long term development potential, subject to obtaining the necessary planning consents. Access available directly from Halfway Lane.
Lot 2 – 4.28 acres (1.73 hectares) with access via a Right of Way granted over our client’s access road (shown brown on the plan).
Lot 3 – 4.99 acres (2.02 hectares) with access via a Right of Way granted over our client’s access road (shown brown on the plan).
Lot 4 – 33.85 acres (13.7 hectares) with access via a Right of Way granted over our client’s access road (shown brown on the plan). There is an agricultural building made up of part brick and part timber construction with hard standing extending to 72.84 m2.
The land is classified as Grade 3 on the Agricultural Land Classification (Provisional Edition) Map. According to The Soil Map of England and Wales the land is made up of the Evesham 2 soil type more particularly described as slowly permeable calcerous clayey soils and the Arrow soil type which is more particularly described as deep permeable coarse loamy soils affected by groundwater.
SERVICES
We understand that the land benefits from a mains water supply.
TENURE
Freehold with vacant possession upon completion.
DESIGNATIONS
The land is not subject to any Environmental Stewardship schemes at present.
BOUNDARIES
The land benefits from a combination of hedge and fence boundaries.
EASEMENTS AND RIGHTS OF WAY
The land is sold subject to all existing wayleaves, rights of way, easements and rights of drainage whether specifically referred to in these particulars or not. There are several public Rights of Way crossing the land in various locations.
The Vendor will retain a Right to access the land to inspect, repair and replace underground drainage pipes and service apparatus that are present on the site.
BASIC PAYMENT SCHEME
There are no Basic Payment Scheme entitlements attached to the land.
MINERALS, TIMBER & SPORTING RIGHTS
Timber and sporting rights are included in the sale insofar as they are owned by the Vendor.
OVERAGE AGREEMENT
Lots 1, 2 and 3 will be subject to an overage agreement. The overage agreement will entitle the vendor to 30% of any uplift in value for a period of 60 years from any development of the land, excluding development for agricultural or equestrian use. Please contact the selling agent for more information.
Lot 4 will be subject to a restrictive covenant which will restrict development for the lifetime of Draycote Reservoir which sits adjacent to the land. The restriction will not extend to development for agricultural and equestrian use
Further details regarding the overage agreement and restrictive covenant can be obtained from the Selling Agent.
RESTRICTIONS ON USE
The Vendor is imposing the following conditions on the sale of Lots 1, 2, 3 and 4 due to its proximity to Draycote Water:
- No pesticides, except for glyphosate, are to be used on the land.
Lots 2 and 4 are also subject to the following additional conditions:
- Sheep (or similar e.g alpaca) or horse grazing only – no cattle
- No slurry application
- No overwintering of livestock (specifically cattle)
- No storage of Farm Yard Manure and only use of glyphosate permitted with spot spray applications (no other pesticides to be used, including metaldehyde)
The purchaser/s will also be required to adhere to cross compliance regulations, Farming Rules for Water and any NVZ regulations.
GUIDE PRICE
Price on Application – please contact the Selling Agent for details.
VIEWING
The land can be viewed during reasonable daylight hours by persons with a copy of these particulars to hand, having first contacted the selling agent. The majority of the land can be viewed from the public Rights of Way that cross the land. Please do not enter any parcels of land with livestock present unless on a public Right of Way. Should you wish to have a more thorough look around the land, please contact the Selling Agent to arrange a viewing.
VAT
All prices quoted are exclusive of, but may be subject to Value Added Tax.
FURTHER INFORMATION
If you require any further information, please contact the selling agent Ashling Toolan on 01604 608 210 or ashling.toolan@carterjonas.co.uk
SITE PLAN
Not to scale. For identification purposes only.
