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Land Off A425 Southam Road, Fosse Way, Radford Semele, Leamington Spa, Warwickshire, CV31 1XQ
31.31 ha (77.36 ac)
POA
  • 77.36 acres (31.31 hectares) of arable land in a prime location
  • For sale by Informal Tender and the deadline for Tenders in 12 noon on Friday 18 November 2022.

The property consists of a single field enclosure extending to approximately 77.36 Acres (31.31 Hectares) of Grade 3 Arable Land in a prime location situated off the A425 Southam Road and B4455 Fosse Way.

The property is offered for sale by Informal Tender and the deadline for Tenders in 12 noon on Friday 18 November 2022.

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About this property

Detailed Description

The property consists of a single field enclosure extending to approximately 77.36 acres (31.31 hectares) of arable land.

The property is bound to the north by the A425 Southam Road and to the west by the B4455 Fosse Way. The property can be accessed directly off both the A425 Southam Road and the B4455 Fosse Way.

The property is classified as Grade 3 and the soil type is generally described as slightly acid, loamy, and clayey soils with impeded drainage.

BASIC PAYMENT SCHEME
The Basic Payment Scheme entitlements are included in the sale. On completion 31.00 entitlements will be transferred to the Purchaser.

The Vendors will retain the benefit of the 2022 Basic Payment Scheme. The Purchaser(s) will take over the cross-compliance obligations on completion and will indemnify the Vendor or claimant against any breaches or acts of non-compliance which results in a penalty or reduction in the Vendors payments under the Basic Payment Scheme

Location

The property is located approximately 1.4 miles south east of Radford Semele, 2.9 miles south east of Royal Leamington Spa, 3.6 miles north west of Southam and 4.9 miles east of Warwick.

Services

It is understood that there is a 3 Phase electricity supply point at the location marked "A" on the attached plan. All prospective purchasers are to satisfy themselves with its exact location and adequacy of any intended uses they have for the property.

FORMER BOREHOLE & PUMPHOUSE

There is a former pump house and borehole at the location marked "B" on the attached plan. There is no water abstraction licence in place. There are no assurances or warranties given in respect of the working order of the apparatus and prospective purchasers are advised to make their own enquiries and to satisfy themselves in this regard.

Viewing

Viewing is permitted during daylight hours with a set of these sale particulars to hand, having previously contacted the Selling Agents

VAT

Should any sale of the property as a whole or in lots or any right attached become a chargeable supply for the purpose of VAT, such tax shall be payable by the Purchaser in addition to the contract price.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Other

GENERAL REMARKS AND STIPULATIONS
These sales details are Subject to Contract and were prepared in October 2022. The photographs were taken in April 2022.

Terms

METHOD OF SALE
The property is offered for sale by Informal Tender and the deadline for Tenders is 12 noon on Friday 18 November 2022.

The Purchaser will be required to exchange contracts and complete the sale within 21 days of receipt of draft sales contract from the Vendors' solicitor.

The Vendors' solicitor has commissioned searches and these can be made available on request.

OVERAGE
The property will be sold with an overage for any development (other than agricultural purposes) and this will apply to any residential development, commercial development, equestrian or renewable energy. The rate will be 30% for 35 years from the completion date and payable on the grant of a valid planning consent.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the most recent Anti Money Laundering Legislation, the purchasers will be required to provide proof of identity and address to the Vendor's Agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

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To arrange a viewing contact

Brown&Co Fox Bennett, 5 Geoff Monk Way, Birstall, Leicester, Leicestershire, LE4 3BU

07825 780144

01664 502889

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