About this property

Detailed Description

DESCRIPTION
Manor Farm enjoys a secluded rural position and lies to the south of the village of Ratley, close to the Oxfordshire/Warwickshire border. Local amenities and services are available in Banbury, 6.30 miles to the southeast, or Stratford-upon-Avon, 12.10 miles to the northwest.

The land lies in an attractive valley with productive arable and pastureland. Both lots are subject to a single Farm Business Tenancy until 1st April 2036.

Lot 1 - Approximately 116.76 acres of arable and pastureland along with a small field barn in one of the pasture fields.

Lot 2 - Approximately 9.25 acres which comprises an attractive range of farm buildings, along with 8.60 acres of pastureland. The farm buildings are a mix of modern steel portal frame buildings and traditional stone farm buildings.

Location

LOCATION
Access to the motorway network is relatively easy with junctions 11 and 12 of the M40 lying 6.50 and 5.00 miles away respectively. There is a railway station at Banbury, which provides rail links to, Oxford, London and Birmingham.

Other

TENANCY
The property is let under a single Farm Business Tenancy across both lots dated 19th May 2015, which terminates on 1st April 2036. The current rent is £15,120 per annum.

TENURE & POSSESSION
The Freehold is sold subject to the existing Farm Business Tenancy.

METHOD OF SALE & LOTTING
The property is For Sale by Private Treaty as a whole or in up to two lots.

LOT 1
Lot 1 comprises a total of approximately 116.76 ac (47.25 ha) of arable and pastureland, along with a field barn. This lot can be seen shaded pink on the plan.

LOT 2
Lot 2 comprises a total of approximately 9.25 ac (3.74 ha) of buildings with development potential (STPP). This lot can be seen shaded blue on the plan.

BUILDINGS
This lot comprises a range of steel portal frame and traditional stone agricultural buildings which are located in a farmyard. They provide an opportunity for conversion (STPP).

BASIC PAYMENT SCHEME
The land has historically been registered for payments under the Basic Payment Scheme and all entitlements relevant to the land will be retained by the vendor and are not available to the purchaser on completion of the sale. The land will be transferred on the RPA system to the purchaser on completion.

SERVICES
Mains water is connected to both lots. If sold separately, Lot 2 will supply Lot 1 with water via a submeter. Electricity is connected to Lot 2.

DEVELOPMENT CLAWBACK
The Vendor reserves the right to receive 30% of any uplift in value if planning permission is granted (payment on the earlier of sale or implementation) for any use other than agricultural, running for a period of 30 years from the date of completion.

BOUNDARIES
The Purchaser shall be deemed to have full knowledge of all the boundaries and neither the Vendor nor the Vendor's agents will be responsible for defining the boundaries nor their ownership.

ACCESS
Lot 1 is accessed via an access to the north-west from Grange Lane and via an access to the north east via Featherbow Lane. Lot 2 is accessed via an access from the High Street.

WHAT3WORDS SEQUENCE
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VIEWING
Viewings are strictly by appointment with Brown&Co.
Please contact:
Tom Birks | 01295 220220 | tom.birks@brown-co.com
Will Gasson | 01295 220200 | william.gasson@brown-co.com

WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The land is offered for sale subject to all existing rights including rights of way, whether public or private, light, support, drainage, water, gas, electricity supplies, and mineral rights, easements, quasi-easements or wayleaves whether or not referred to in these particulars.

There are various rights over the land to include:
1. There are two footpaths crossing the property.
2. A water company benefits from easements of drainage through the land between the sewerage works and the land shaded brown.
3. There are multiple overhead electricity wires that cross the property.

SPORTING, MINERAL AND TIMBER RIGHTS
Sporting rights, timber rights and only part mineral rights will be included within the Freehold so far as they are owned by the Vendor.

PLANS, AREAS & SCHEDULES
Plans included within these particulars are for identification purposes only and shall not form part of any contract or agreement for sale.

ANTI MONEY LAUNDERING LEGISLATION
In accordance with the most recent Anti Money Laundering Legislation, buyers will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

GENERAL REMARKS & STIPULATIONS
These particulars are Subject to Contract.