Laming Gap Lane, Stanton-on-the-Wolds, Nottingham, NG12 5PG

£1,200,000 - SALE

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Laming Gap Lane, Stanton-on-the-Wolds, Nottingham, NG12 5PG
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Savills Rural
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Savills Rural
33, Margaret Street
London
Greater London
W1G 0JD
United Kingdom
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Laming Gap Lane, Stanton-on-the-Wolds, Nottingham, NG12 5PG
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02074998644
Savills Rural

Description

A compact ring fenced arable farm in a sought after location with a range of potential other uses

Description

Wolds Farm is located to the north east of Stanton on the Wolds and to the south east of Normanton on the Wolds off Laming Gap Lane. Lambing Gap Lane being a no through road leading from the main Melton Road. The farm extends to about 64.67 acres (26.17 hectares) of predominantly Grade 3 arable land and holds redevelopment potential for a range of other uses including an equestrian facility, subject to gaining the necessary planning consents. According to the Soil Survey of England and Wales, the soils are of the Ragdale association. These soil types are described as slowly permeable, seasonally
waterlogged, clayey and fine loamy over clayey soils and are said to be suitable for the growing of winter cereals and grassland.

The farm buildings cover an area measuring approximately 15,875 square feet (1,474 square metres) and include a series of steel portal framed buildings including a grain store and a general purpose building and a further general purpose building with an adjoining wooden framed building.

The farmhouse is a 4 bedroom, brick built dwelling with adjoining single garage. The property is partially double glazed and is let on an Assured Shorthold Tenancy agreement. The farmhouse benefits from being in an elevated position with attractive views of the surrounding countryside.

Cropping History
A back cropping schedule is available from the selling agents.

Basic Payment Scheme
Approximately 25.53 Non-SDA Basic Payment entitlements will be included in the sale. The claim for the current claim year shall be retained by the vendor and the vendor will take reasonable endeavours to transfer the relevant number of entitlements to the purchaser after completion of the sale. The purchaser shall indemnify the vendor against any non-compliance from the date of completion.

Tenure, Possession & Holdover
Wolds Farm is sold freehold. The farmhouse is sold subject to an Assured Shorthold Tenancy. The land is available with vacant possession upon completion. A period of holdover may be required following completion for harvest of the standing crops.

Ingoing Valuation
If applicable, in addition to the purchase price, the purchaser(s) will take over and pay for all growing crops, cultivations, stocks and stores at valuation. Payment is to be made upon completion at the figure assessed by the vendor’s valuer based upon CAAV rates or contractor’s rates where applicable and invoice costs of seeds, fertiliser and sprays applied plus enhancement value.

Overage / Uplift Clause
The farm buildings and yard area are to be sold subject to a development uplift clause. This uplift clause shall specify that 30% of the uplift in value due to development (as defined in Section 55 of the Town and Country Planning Act 1990) would be due back to the Vendor, or their successors in title, for a period of 30 years from the date of completion. This uplift clause shall not be triggered by development for agriculture or equestrian purposes. There shall be no deductible costs from the overage payment.

Services
The farmhouse and farm buildings are supplied with mains water and single phase electricity.

Town & Country Planning
The land is offered subject to any development plans, Tree Preservation Orders, Town Planning Schedules or Resolutions which may or may not come into force. The purchaser(s) will be deemed to have full knowledge and satisfy themselves as to the provisions of any such matters affecting the land.

Wayleaves, Easements and Rights of Way
The property is sold subject to and with the benefit of all wayleaves, easements and rights of way whether public or private whether mentioned or not.

Nitrate Vulnerable Zone
The land is situated within a nitrate vulnerable zone and is subject to the usual restrictions.

VAT
In the event that any part of the sale is subject to VAT this will be payable by the purchaser in addition to the purchase price. It is the selling agents understanding that the holding is not opted for VAT.

EPC – E

Boundaries
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.

Method of Sale
The property is offered for sale as a whole by private treaty. Consideration may be given to sale of part subject to negotiation.

Viewings
Viewings to the farmhouse and farm buildings are strictly by prior appointment only through the selling agents Savills. The land may be viewed during daylight hours providing you have a copy of the Savills sales particulars to hand. Given the potential hazards of a working farm, viewers should take extra care and precaution with regards to their personal safety when viewing the property.

Acreage: 64.67 Acres

Date posted: 26/08/20