Land Off West Fen Lane, Stickney, Boston, Lincolnshire, PE22

£600,000 - SALE

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Land Off West Fen Lane, Stickney, Boston, Lincolnshire, PE22
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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 Off West Fen Lane, Stickney, Boston, Lincolnshire, PE22
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02074998644
Savills Rural

Description

About 93.48 acres (37.83 hectares) of arable land for sale by Informal Tender

Description

A large single block of arable land extending to about 93.48 acres (37.83 hectares). Classified as predominantly Grade 3 land, the Soil Survey of England and Wales describes the soils as being of the Salop association which are slowly permeable seasonally waterlogged reddish fine loamy over clayey soils, suitable for the growing of cereals. The land is accessed via the public highway on West Fen Lane.

Directions
From the village of Stickford, turn left onto the A16, carry on past Church Road going over Hagnaby Beck, take the second exit on the right onto West Fen Lane, the land is immediately ahead.

Method of Sale
The land is being sold as a whole in one lot by way of Informal Tender, please study the accompanying informal tender form for further details on how to submit a tender.

Tenure and Possession
The land forms part of a Farm Business Tenancy which terminates on 10 October 2020.

Restrictive Covenants & Up lift Clause
A clawback reservation requiring the payment of 50% of any uplift in value arising from the grant of any planning permission (other than for solely agricultural or equestrian purposes) during the period of 80 years from the date of the proposed sale. Such payment(s) shall become due on the earlier of: 1. a disposal of the property or any part thereof with the benefit of the relevant planning permission and 2. the implementation of the relevant planning permission. The clawback rights shall be protected by a Land Registry restriction requiring the consent of the seller, a deed of covenant from any successor in title and a covenant restricting the use of the land to agricultural and/or equestrian purposes save that the property (or relevant part as the case may be) may be used in accordance with any planning permission in respect of which a clawback payment has been paid. For the avoidance of doubt the term ‘agricultural’ shall not include the planting of trees or any cultivations or works relating to any biodiversity or carbon off-setting compensation projects in relation to any residential, commercial or infrastructure development or similar matters.

The usual church property covenants will apply as more particularly detailed on the tender form.

Searches
The purchaser will be reimburse the vendor for cost of the searches.

Viewings
The land may be viewed during daylight hours only providing you have a copy of these sale particulars to hand. Given the potential hazards of a working farm, viewers should take precaution in regard to their own personal safety when viewing
the property.

Acreage: 93.48 Acres

Date posted: 24/06/20