Land At Wetheral, Carlisle, Cumbria, CA4 8HR

£1,650,000 - SALE

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Land At Wetheral, Carlisle, Cumbria, CA4 8HR
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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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Land At Wetheral, Carlisle, Cumbria, CA4 8HR
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02074998644
Savills Rural

Description

A productive and accessible block of farmland situated in the lower Eden Valley, well-suited to grass and cereal cropping and divided into three main lots, in all 218 acres

Location

Post Code – CA4 8HR (nearest).

Description

*BEST AND FINAL OFFERS – CLOSING DATE WEDNESDAY 26TH AUGUST – 12 NOON*

The farmland lies in three blocks immediately south and west of Wetheral, divided by and accessed from Steele’s Bank. The land is predominantly level with some gentle undulation in height between 50 to 85 metres above sea level and is classified as Grade 3 under the MAFF Provisional Agricultural Land Classification. Soils are from the Salwick series, common to the locality, described as reddish fine loam soil suitable for cereals or grassland.


Rights of Way, Easements & Wayleaves
The property is sold subject to, and with the benefit of all existing wayleaves, easements and rights of way, public and private whether specifically mentioned or not. Mains water and gas pipes cross the land. Various public footpaths cross Lot 1.

Subsidies & Grants
The land is registered on the Rural Land Registry, 89.25 Basic Payment Scheme (BPS) Entitlements are available separately at market value. The Entitlements are currently held by, and have been claimed in 2020, by the outgoing tenant. The selling agents will endeavour to facilitate transfer to the purchaser in readiness for the 2021 claim, the charge for which, will be £200+VAT per transaction. There are currently no active stewardship schemes in place over the land.

Sporting Rights
The sporting rights are included insofar as they are owned.

Minerals
The vendors reserve all mines and minerals from the sale with
underground working powers only.

Services
Mains water is connected to some fields.

Tenure
The freehold of the land is offered for sale with vacant possession available following the expiry of the current farm business tenancy on 30th September 2020.

VAT
VAT is payable in addition to the purchase price. For the avoidance of doubt, Stamp Duty Land Tax is payable on the total purchase price of the property including VAT. All offers will be assumed to have been made on a VAT exclusive basis unless otherwise stated.

Sale conditions
The land will be subject to a non-agricultural development overage set at 40% of any uplift in value as the result of the grant of any planning consent, for a period of 50 years from the date of completion of the sale.

Method of sale
The land is offered for sale by private treaty as a whole or in three lots. Offers for part or sub-lots of the land may be considered. All prospective purchasers are encouraged to register their interest with the selling agents.

Post Code
CA4 8HR (nearest).

Viewing
The land may be inspected at all reasonable times, on foot, with a copy of the sale brochure. Care should be taken, with particular note to open ditches and drains.

Acreage: 218 Acres

Date posted: 25/07/20