- Advert Expiry Date: Wednesday, 14th June 2017
- Property / Land Type: Land
- Price Description £1,500,000 Guide price
PORTFOLIO OF AGRICULTURAL HOLDINGS
Property agent Location
The holdings lie to the north and east of Loughborough in rolling countryside. The M1 runs north to south approximately 6 miles to the west and the A60 runs north to south bordering the land in part, and providing access to Nottingham and Loughborough. The A46 lies approximately 4 miles to the east providing access to Lincoln and Leicester.
The nearest train station is in Loughborough (2 miles) which offers a direct East Midlands service to London from 77 minutes. Leicester train station (14 miles) offers a direct service to London from 70 minutes.
International Airports: East Midlands (9 miles), Birmingham (40 miles) and London Luton (87 miles).
View property on map »Further Information
An attractive portfolio of agricultural holdings situated to the north and east of Loughborough.
LOT 2 - LAND AT HOTON
Available as a whole or in lots.
Loughborough: 2 miles • Leicester: 13 miles • Nottingham: 15 miles
London: 115 miles (All distances are approximate)
Lot 1 – Five Oaks Farm and Barn Farm, Nottinghamshire.
About 316.58 acres (128.12 ha) including two farmsteads with two farmhouses and a range of traditional and modern buildings. Let on an Agricultural Holdings Act Tenancy.
Lot 2 – Land at Hoton, Leicestershire.
Lot 2A – About 142.52 acres (57.68 ha) of farmland comprising about 138.59 acres (56.09 ha) of arable land and 3.93 acres (1.59 ha) of woodland/miscellaneous land.
Lot 2B – About 27.61 acres (11.17 ha) of arable land.
Lot 3 – Land at Burton Bandalls, Leicestershire.
About 180.94 acres (73.22 ha) of predominantly arable land.
In All About 667.65 Acres (270.19 Hectares)
Five Oaks Farm, Barn Farm, land at Hoton and land at Burton Bandalls all form part of a commercial arable farming Estate.
Five Oaks Farm and Barn Farm are let under a single Agricultural Holdings Act tenancy, dated 25th October 1994. A succession to the tenancy was made dated 3rd April 2014. The farms are situated on the western edge of the Estate and are predominantly arable with a small beef enterprise. There are no further successions to the tenancy remaining.
The land at Hoton and the land at Burton Bandalls have been farmed in hand by the vendors as part of the larger commercial farming enterprise. Direct access to all lots is available from public roads with good internal access tracks.
The holdings sit within a 3 mile proximity to each other.
Five Oaks Farm and Barn Farm
Lot 1 comprises Five Oaks Farm and Barn Farm which are located to the north-east and northwest
of Stanford on Soar village, on the edge of the Nottinghamshire Wolds. The farm extends
to about 316.58 acres (128.12 ha) and is sold subject to an existing Agricultural Holdings Act
tenancy. The passing rent is £24,750 per annum and this was last reviewed in March 2012. A rent
review notice has been served allowing for a rent review from March 2017.
Five Oaks Farmhouse
Brick built farmhouse under concrete tiled roof, it is understood that part of the property dates back to the 13th century. The house has single glazed timber framed windows throughout with an oil fired central heating system.
Accommodation in brief:
Ground Floor: Kitchen/dining room with gas (LPG) cooker and large utility, inner hallway, downstairs shower and WC, sitting room, dining room, drawing room, large entrance hallway with staircase leading to: First Floor: 5 double bedrooms, 1 further single bedroom, family bathroom, airing cupboard, secondary kitchen, additional sitting room.
Outside: Small courtyard, store room, car port, large garden.
EPC Rating: G
Five Oaks Farm Buildings
A - Five Oaks Farmhouse
B - Store building - Traditional brick under slate roof.
C - Implement shed - Traditional brick under pan tiled roof.
D - General purpose barn - Modern steel portal frame with concrete block walls under profile sheet roofing.
E - Former dairy parlour - Brick built with profile sheet roofing.
F - Cattle shed - Steel portal frame under profile sheet roofing.
G - Straw barn - Steel portal frame under profile sheet roofing.
H - Cattle shed - Steel portal frame with timber framed lean-to.
Barn Farm Farmhouse
Brick built farmhouse under concrete tiled roof. The house has single glazed timber framed windows throughout and oil fired central heating.
Accommodation in brief:
Ground Floor: Dining room, kitchen, sitting room, living room with stairs leading to:
First Floor: 4 double bedrooms and a family bathroom.
Outside: Brick store/boiler room, further brick store rooms and extensive gardens.
EPC Rating: F
Barn Farm Buildings
A - Barn Farm Farmhouse
B - Large traditional farm building - Brick built under profile sheet roof with profile sheet clad lean to.
C - General purpose barn - Concrete framed with profile sheet roofing and concrete base.
D - Implement shed - Traditional brick under slate roof.
E - Stables - Traditional brick under slate roof.
Classified Grade 2 and 3 as recorded in the Soil Survey of England and Wales, the soils belong to the Dunnington Heath, Worcester and Flint series, all typically described as reddish coarse and fine loamy over clayey soils and clayey soils over mudstone. The Dunnington Heath and Flint series are generally suited to the growing over cereals, potatoes and sugar beet. The Worcester series is considered suitable for permanent and short-term grassland and some winter cereals.
Lot 2 Land at Hoton
Lot 2 comprises an attractive parcel of gently undulating arable land, extending to about 170.13 acres (68.85 hectares) including two mature woodland spinneys.
The land is situated to the north of the village of Hoton and benefits from road frontage, being
dissected by Rempstone Road (A60) providing direct access to the land.
The land has historically been farmed in hand by the vendors and has supported a range of winter cereals, oilseed rape, winter and spring beans and grass leys.
Classified Grade 2 and 3 as recorded in the Soil Survey of England and Wales, the soils belong predominantly to the Dunnington Heath and Flint series with smaller areas of the Evesham 2 series.
The Dunnington Heath and Flint series are generally suited to the growing of cereals, potatoes and sugar beet. The Evesham 2 series is described as slowly permeable calcareous clayey soils. Some slowly permeable seasonally waterlogged non-calcareous clayey and fine loamy or fine silty over clayey soils and are generally suited to the growing of winter cereals and short-term grassland.
Details of previous cropping and yields are available on request.
Lot 3 Land at Burton Bandalls
Lot 3 comprises a productive parcel of arable land, extending to about 180.94 acres (73.22 hectares). The land is situated to the south-east of Cotes and is currently accessed off Bandalls Lane.
The land has historically been farmed in hand by the vendors and has supported a range of winter
cereals, oilseed rape, winter and spring beans and grass leys. Classified Grade 2, as recorded in the Soil Survey of England and Wales, the soils belong to the Dunnington Heath and Flint series, as described within Lot 2. Details of previous cropping and yields are available on request.
Access to the land can be taken from Cotes Road and Bandalls Lane. A right of way for agricultural purposes will be granted to the purchaser(s) across the access track between points A and B as marked on the sale plan. There will be no access to the land from Loughborough Road.
General Remarks and Stipulations Tenure
Lot 1 is available freehold, subject to an Agricultural Holdings Act tenancy.
Further details are available from the selling agents.
Lots 2 and 3 are available freehold with vacant possession on completion subject to rights of holdover.
Method of Sale and Lotting
The lots are offered for sale by private treaty as a whole or in lots, subject to any existing tenancies.
The vendors have expressed an interest in continuing to farm both Lots 2 and 3 under a Contract Farming Agreement or Farm Business Tenancy, with terms to be agreed.
Lot 1: The farmsteads including houses and buildings at Five Oaks Farm and
Barn Farm along with field 4219 will be sold subject to an uplift clause.
The uplift clause will specify that 30% 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 development occur within 50 years from the date of completion.
Uplift will be payable upon sale or implementation but shall not be triggered by replacement of a single dwelling on either farm and/or development for agricultural and/or equestrian purposes.
Lot 2B: The land will be sold subject to an uplift provision that specifies that 30% 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 development occur within 50 years from the date of completion.
Uplift will be payable upon the sale or implementation but shall not be triggered by development for agricultural and/or equestrian purposes.
Lot 3: Parcel numbers 5033, 0733, 0532 and 0731 as shown on the sale plan will be sold subject to an uplift provision in line with that specified for Lot 2B above.
Basic Payment Schemes and Grant Schemes
The land within Lots 2 and 3 is registered to receive payments under the Basic Payment Scheme. The relevant number of entitlements for the land are included within the sale. The claim for the current year will be retained by the vendors and the vendors will use reasonable endeavours to transfer the entitlements for future Basic Payment to the purchaser(s) after completion of the sale. The purchaser(s) will indemnify the vendors against any breach or non-compliance of their 2016 claim. There will be an additional charge of £500 plus VAT for the transfer of the entitlements to the successful purchaser(s). Lots 2 and 3 currently form part of a Higher Level Stewardship scheme which expires in November 2019. Further details are available from the selling agents. The purchaser(s) will be required to abide by all obligations and will indemnify the vendors against any breach of this agreement.
All of the farmland lies within a Nitrate Vulnerable Zone.
The majority of the land within Lots 2 and 3 benefits from under drainage and copies of the drainage plans are available from the selling agents.
Lot 1: Mains water and electricity supplies to the farmhouses and buildings. Private drainage. Oil fired central heating to both dwellings.
Lots 2 and 3: We understand that there are no services available.
(The selling agents have not tested any service, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.)
The vendors shall reserve a right of holdover to harvest all standing crops. It is anticipated that holdover rights will not exceed the end of October 2016.
Sporting, Timber & Minerals
The sporting, timber and mineral rights, in so far as they are owned over the freehold of the property, are included in the sale.
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 and covenants whether mentioned or not. There are a number of public foot and bridle paths that cross the property. Under the current Higher Level Stewardship scheme a number of permissive footpaths and bridleways have been created over Lots 2 and 3 for the duration of the agreement.
All of the land is offered for sale subject to any development plans, Tree Preservation Orders, ancient orders and public rights of way. Part of the land at Barn Farm has previously been subject to an application for a large ground mounted solar scheme.
The area to the south-east of Five Oaks Farm, cross-hatched blue on the site plan, will be sold subject to an option for the vendors to buy back the land (for any purpose and on reasonable notice) at any time during a period of 30 years from date of completion. The vendors will contract to pay twice vacant possession value for the area in question upon completion of a purchase.
Boundaries and Fencing Obligations
The vendor and vendor's agents will use all reasonable endeavours to specify the ownership and boundaries, hedges, fences and ditches, but will not be bound to determine these.
Value Added Tax
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. Lot 2A and Lot 3 are elected for VAT.
Fixtures and Fittings
All tenant's fixtures and fittings are specifically excluded from the sale of the freehold of the property.
Lot 1 lies within an area controlled by Rushcliffe Borough Council.
Lots 2 and 3 are within an area controlled by Charnwood Borough Council.
Five Oaks Farm: LE12 5PY
Barn Farm: LE12 5QL
Viewings for Lot 1 are strictly by appointment only through the joint selling agents. Access to Lot 1 (internal or external) is strictly prohibited without prior appointment.
Lots 2 and 3 may be viewed at any reasonable time with a copy of the sales particulars to hand, having first registered your interest with the selling agents.
Health and Safety
Given the potential hazards of a working farm, all viewers should take care and precaution and be as vigilant as possible when viewing the land and buildings.