Strategic development opportunity around the western Wisbech area
Lots 1 and 2 of this opportunity at Harecroft Farm, Wisbech.
Lot 1 Harecroft Farm, Wisbech
Approached from Harecroft Road, Harecroft Farm comprises a traditional brick with slate roof, 3 bedroom cottage known as Harecroft Farmhouse, which currently let on an Assured Shorthold Tenancy agreement producing a rent of £8,880 per annum. A range of traditional farm buildings and predominantly Grade 1 arable land let on a Farm Business Tenancy for £13,100 per annum. There is a small parcel running adjacent to the entrance track leading from Harecroft Road let by way of a periodic licence at a rent of £120 per annum. There is a second access to the land directly from Barton Road.
Lot 2 61 Harecroft Road, Wisbech
Situated adjacent to the main entrance to Harecroft Farm, this spacious 6 bedroom, brick built Victorian dwelling is currently let under an Assured Shorthold Tenancy producing a rent of £7,980 per annum. Sitting in a large plot with a detached garage and off street parking for multiple vehicles, 61 Harecroft Road is in need of renovation work.
Classified as predominantly Grade 1 the soils are described by the landis.org.uk soilscapes map as loamy and clayey soils of coastal flats with naturally high groundwater.
Overage / Uplift Clause
Lot 1 will be sold subject to a development uplift clause. This uplift clause will specify that 50% of any increase in value of the land or buildings due to development (as defined in Section 55 of the Town and Country Planning Act 1990) will be payable to the vendors, or their successors in title, should such a development occur within 40 years from the date of completion. The uplift clause shall not be triggered by any development for agricultural and/or equestrian purposes.
The land and farm buildings in Lot 1 are subject to VAT which will be payable by the purchaser in addition to the purchase price.
Basic Payment Scheme
It is understood that some of the land is registered to receive payments under the Basic Payment Scheme. The entitlements belong to the tenants and are not available with the sale.
Tenure & Possession
The freehold of the land is being sold subject to varying tenancies and agreements as detailed below:
Lot 1 A Periodic Farm Business Tenancy with a current rent of £13,100pa. Notice has been served to terminate with effect from 10th October 2020.
An Assured Shorthold Tenancy with a current rent of £8,880pa. A periodic Licence with a current rent of £120pa.
Lot 2 A periodic Assured Shorthold Tenancy with a current rent of £7,980pa.
Copies of these tenancies and agreements are available from the selling agents.
Wayleaves, Easements and Rights of Way
The property is sold subject to and with the benefit of all existing wayleaves, easements and rights of way whether public or private whether mentioned or not.
Sporting, Timber & Mineral Rights
The sporting, timber and mineral rights are included in so far as they are owned.
The land is subject to drainage rates payable to the North Level District Internal Drainage Board.
The majority of the land lies within flood zone 3.
Harecroft Farmhouse: E
61 Harecroft Road: E
Harecroft Farmhouse is supplied with single phase electricity, a mains water supply and private drainage. 61 Harecroft Road is supplied with single phase electricity, a mains water supply and private drainage.
The vendor and vendor’s agents will do their best to specify the ownership of boundaries, hedges, fences and ditches but will not be bound to determine these.
The majority of the land can be seen during daylight hours providing you have a copy of the Savills sale particulars to hand. Viewing of the houses are strictly by appointment through the selling agents. Given the potential hazards of a working farm viewers should take extra care and precaution with regard to their personal safety when viewing the property.
Acreage: 74.73 Acres