Reeves Hall, Meeting Lane, Mersea Island, Colchester, CO5

£4,750,000 - SALE

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Reeves Hall, Meeting Lane, Mersea Island, Colchester, CO5
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Savills Rural
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Savills Rural
33, Margaret Street
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W1G 0JD
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Reeves Hall, Meeting Lane, Mersea Island, Colchester, CO5
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02074998644
Savills Rural

Description

A mixed farm in an idyllic coastal setting on Mersea Island

Location

Situation
The town of West Mersea sits some 2 miles from
the farm with the historic town of Colchester some
10 miles to the north. Reeves Hall is located to the
north-east of West Mersea. London Liverpool Street
station can be reached in approximately 47 minutes
from Colchester railway station whilst full retail
opportunities, leisure facilities and road network links
can be found at Colchester.

There are numerous good primary and secondary
schools nearby, including a village primary in West
Mersea, several preparatory schools such as St.
Mary’s and Holmwood House in Colchester and
numerous secondary schools in Ipswich, Chelmsford
and Colchester and the University of Essex is
close by.

Description

FOR SALE BY PRIVATE TREATY AS A WHOLE

SUMMARY (please download brochure for full details)

Introduction: Reeves Hall is a versatile residential farm located in a unique position on the north side of Mersea Island adjacent to      the Pyefleet Channel. The farm is ring fenced and includes a Grade II listed farmhouse in need of modernisation, an extensive range of modern and traditional farm buildings (including a traditional Essex barn) and good quality arable and grassland. The farm extends to some 198.82 hectares (491.30 acres) comprising about 66.59 hectares (164.54 acres) of arable land, 111.38 hectares (275.23 acres) of pasture being a mixture of
temporary grassland and permanent pasture and 4.77 hectares (11.81 acres) of woodland.

The farm has both commercial and sporting potential as well as its huge amenity appeal. Reeves Hall is situated with considerable privacy off a minor public highway down a private drive with the Hall lying in the middle of the land. The agricultural buildings provide livestock housing, grain storage and ancillary storage with buildings being suitable for a number of agricultural uses.

The traditional Essex barn and courtyard provide possibilities for alternative use (subject to planning). There is a family shoot with extensive wildfowling. The farm benefits from a Higher Level Stewardship Scheme providing an income of c. £40,000 per annum and although registered for the Basic Payment Scheme the entitlements are not transferring with the sale.

Viewings: By appointment with the vendor’s agent.

Reeves Hall: itting in an imposing position at the end of an 800 metre private drive in the centre in the holding, Reeves Hall is an attractive Grade II listed dwelling which dates mainly from the 18th Century with later extensions in the 1960’s. It is a detached farmhouse largely of red brick construction, part of which is under render and part painted; there is timber weatherboarding to the apex and part of the roof on the north elevation. Part of the house to the north is of traditional lathe and plaster construction. The roof is cross gabled with red clay tile covering and windows are predominantly single glazed timber sash windows with some being uPVC double glazed. Arranged over three floors with cellar space accessed from outside, the accommodation provides 2 reception rooms, snug, boot room, kitchen, office, entrance halls and bathroom on the ground floor with 6 bedrooms and a bathroom on the first floor with separate WC and shower. In addition there are several unconverted attic spaces. Theproperty would benefit from modernisation and cosmetic renovation. Reeves Hall sits in a compact garden with the farm buildings lying mainly to the north of the house.

1 Reeves Hall Cottages: The farm includes a 3 bedroom semi-detached cottage located near the top of the drive off Meeting Lane. The cottage dates from the late 19th Century with elevations clad in timber weatherboarding and the roof pitched with a slate tile covering. The windows and doors are a combination of timber and uPVC construction.Accommodation comprises 3 bedrooms on the first floor and a bathroom with one reception room and a kitchen on the ground floor. The cottage sits within extensive gardens and grounds lined to the east, west and south of the cottage including lawned areas interspersed with mature trees and flower beds. The cottage is occupied by a former farm employee who has statutory protection under the Rent (Agriculture) Act 1976.

Farm Buildings: Reeves Hall Farm benefits from an extensive range of traditional and modern farm buildings. All are accessible from the main driveway and are conveniently placed for access around the farm. A summary of the farm buildings can be seen inset on the bulidings schedule and plan.

Land: The land extends in total to approximately 198.82 hectares (491.30 acres). The land is currently farmed under a Farm Business Tenancy by family members with a neighbour undertaking the arable work. The farm also includes temporary and permanent pasture and woodland. The pasture land is grazed by a suckler herd of cattle and a sheep flock. The Farm Business Tenancy is due to expire on the 31st October 2017.
The woodland extends to about 4.78 hectares (11.81 acres) which was planted in the 1980s and comprises small blocks of oak, field maple and hawthorn. The woodland is all attractively situated and is used as part of the family shoot. The majority of the land is Grade 3 on the Agricultural Land Classification Map and is of the Ratsborough series, a fine silty loam over clay. The
middle part of the land is of the Windsor series, fine loam over clay and the far northern part of the farm is of the Wallasea 1 series which is a deep stoneless, non-calcareous soil with peaty surface horizons.

GENERAL REMARKS AND STIPULATIONS

Postcode: CO5 8TE

Tenure & Possession: Reeves Hall is offered for sale freehold with vacant possession on completion subject to the tenancy of 1 Reeves Hall Cottages. The farm is occupied under a Farm Business Tenancy (FBT). Notice has been served to bring the FBT to an end on 31st October 2017. The tenants have
contracted out the arable land, the arrangement for which will be brought to an end post-harvest. The farmhouse is partly occupied under a residential licence by a farm worker. 1 Reeves Hall Cottages is occupied by a former farm worker by way of a Rent (Agriculture) Act 1976 tenancy with a rent of £12.00 per annum passing.

Exchange & Completion: Exchange to take place with a 10% deposit within 20 working days of receipt of the draft contract from the vendor’s solicitor with completion on the 1st November 2017. Early entry on the arable land may be granted post
harvest on payment of an additional 10% deposit.

Basic Payment Scheme: The land is registered for the Basic Payment Scheme but the entitlements which are owned by the farm tenants, are excluded from the sale but may be available by separate negotiation.

Higher Level Stewardship Scheme: The land is entered into a Higher Level Stewardship agreement which started on the 1st September 2013 for a period of 10 years. Subject to the consent of Natural England, the purchaser will be required to take on
the scheme and indemnify the vendor and tenants against any non compliance resulting in a claim against the vendor or tenants. The Scheme payments will be retained by the farm tenants on a proportional basis until completion.

Services: Reeves Hall – mains electricity, mains water, private drainage, and oil fired central heating. 1 Reeves Hall Cottages – mains electricity, mains water and mains sewage, heating via back boiler off wood burner and electric immersion.
Agricultural buildings – 3-phase electricity and private drainage.

TUPE: The purchasers will be responsible for complying with the statutory provisions of the Transfer of Undertakings (Protection of Employment) Regulations (TUPE).

Overage: An uplift arrangement will apply to the two grass paddocks off Meeting Lane (field parcels 4540 and 3953), whereby the vendor will benefit for the next 30 years of any increase in value above agricultural value by 25% of the additional value.

Tenant’s Improvements: These are under discussion with the tenant but include Building 5, the solar panels on the roof of Building 5 and recent drainage in 0S 7652 and OS 7937.

Local Authority: Essex County Council, County Hall, Chelmsford, CM1 1QH. Tel: 0345 743 0430
Colchester Borough Council, Rowan House, 33 Sheepen Road, Colchester, Essex, CO3 3WG. Tel: 01206 282222

Council Tax: Reeves Hall – Band G                                                1 Reeves Hall Cottages – Band B

EPC Ratings: 1 Reeves Hall Cottages – Rating E

VAT: Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property or any part thereof, or any right to it becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition.

Acreage: 491 Acres

Directions

Directions
Travelling north on the A12 continue to the A1133
junction to Colchester. Follow the signs to Mersea
continuing on the B1025 south of Colchester
through Abberton and Langenhoe and across The
Strood. Immediately having crossed The Strood take
the left hand turning towards East Mersea.

Continue for approximately 2 miles and Meeting Lane
can be found on the left hand side.
Turn left into Meeting Lane and continue
approximately 300 metres to the end of this road, the
private drive to Reeves Hall can be found immediately
in front of you.

Date posted: 10/08/17