- **FOR SALE BY INFORMAL TENDER - 12 NOON WEDNESDAY 9TH AUGUST 2023**
- 119.69 hectares (296.43 acres) of agricultural land
- Productive Grade 3 arable land in a ring fence
- Block sandwiched between the Lincolnshire Wolds and the North Sea coast in an area known as The Lincolnshire Marshes
**FOR SALE BY INFORMAL TENDER - 12 NOON WEDNESDAY 9TH AUGUST 2023**
GRIMOLDBY, Louth, Lincolnshire
119.69 hectares (296.43 acres) of agricultural land in a ring fence
FOR SALE AS A WHOLE BY PRIVATE TREATY
About this property
Best & final offers must be submitted to the Brown & Co Humber office no later than 12 noon on Wednesday 9th August 2023. For a tender form please contact Brown & Co Humber office.
Productive arable land extending to 119.69 hectares (296.43 acres) in a ring fence block sandwiched between the Lincolnshire Wolds and the North Sea coast in an area known as The Lincolnshire Marshes
LOCATION & SITUATION
The land is located on the periphery of the village of Grimoldby in Lincolnshire, approximately 4 miles east from the town of Louth, 4 miles west from the east coast and 14 miles west from the town of Grimsby.
Postcode: LN11 8TH
A compact block of arable land which is shown as being Grade 3 on the Ministry of Agriculture Land Classification Sheet.
The soil survey of England and Wales identifies the land as being part of the Wallasea 2 soil series which is described as being deep stoneless clayey soils, calcareous in places, some deep calcareous silty soils with ground water often controlled by ditches and pumps, capable of growing winter cereals, some sugar beet, potatoes, cereals and field vegetables.
Access to the land is available from the public highway via a right of way over the shared access track off Pick Hill Lane, this track is coloured brown on the sale plan.
The land has been entered into a Mid Tier Countryside Stewardship Scheme for a period of 5 years which commenced on 1st January 2021 until 31st December 2025. This scheme includes land which does not form part of this sale. The current scheme is to be split and best endeavours will be made to transfer the scheme to the successful Purchaser. The options which relate to the land being sold are; SW1 (6m Margins), and AB9 (winter bird food). Details of the current agreement are available upon request from the selling agent.
GENERAL REMARKS & STIPULATIONS
METHOD OF SALE
The property is offered for sale by Informal Tender as a whole. The Vendor reserves the right to conclude the sale by an alternative method, at their discretion.
The Purchaser will be required to exchange contracts within 28 working days of receipt by the Purchasers solicitor of a draft contract, with competition by arrangement. A 10% deposit will be payable upon the exchange of contracts.
The property is being sold with the benefit of vacant possession.
The Vendor reserves the right of holdover for the purposes of harvesting crops and straw clearance until 30th September 2023.
The Vendor will be required to pay an additional sum for any cultivations or crops unable to be harvested post completion.
We understand that the majority of the property benefits from under drainage. Copies available from Vendors agent.
Drainage rates are payable to Lindsey Marsh Drainage Board.
Early entry onto the property may be available following the exchange of contracts subject to a 20% deposit and entirely at the Purchaser's own risk.
BASIC PAYMENT SCHEME
The Land is registered on the Rural Land Register. However, no BPS Entitlements are included with the sale. The Vendor will retain the Basic Payment for 2023 and the Purchaser will be expected to indemnify the Vendor against any breaches of cross compliance up to 31st December 2023. The Vendor will receive and retain any future Basic Payment runoff payments on the Land.
The Vendor will be responsible for cross compliance up to the date of completion. The Purchaser will take over the cross compliance obligations on completion and will indemnify the Vendor for any non-compliance which results in a penalty or reduction in the Vendor's payments under the Basic Payment Scheme and Countryside Stewardship Scheme.
WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
The land is sold subject to and with the help and benefit of all existing rights, including rights of way whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements and all wayleaves whether referred to or not in these particulars.
NITRATE VULNERABLE ZONE
The land is situated within the Nitrate Vulnerable Zone.
SPORTING, TIMBER & MINERALS
The sporting, timber rights and mineral rights, except as reserved by statute or the Crown, are included in the freehold.
Should any sale of the land, as a whole or in lots, or any right attached to it become a chargeable supply for the purpose of VAT, such tax shall be payable by the Purchaser in addition to the contract price.
VIEWING AND HEALTH & SAFETY
The land may be viewed at any time with a set of particulars to hand with interested parties first having registered their interest with the vendors agents (Brown & Co).
People viewing the property should be careful and vigilant whilst on the property. Neither the Vendor or the Vendor's Agents are responsible for the safety of those viewing the property and accordingly, those viewing the property do so at their own risk.
ANTI MONEY LAUNDERING
In accordance with the most recent Anti Money Laundering legislation the Purchaser will be required to provide proof of identity and an address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.
The Purchaser(s) shall be deemed to have full knowledge of all boundaries and neither the Vendor nor the Vendor's agents will be responsible for defining the boundaries or the ownership thereof.
Should any dispute arise as to the boundaries or any point arising in the General Remarks and Stipulations or Particulars of Sale, schedule, plan or interpretation of any of them the question shall be referred to the arbitration of the selling agent, whose decision acting as expert shall be final.
FIXTURES & FITTINGS
All fixtures and fittings are excluded from the sale unless specifically referred to in these particulars.
PLANS, AREAS & SCHEDULES
These have been prepared as carefully as possible and are based on the Ordnance Survey National Grid plans. The plans are published for illustrative purposes only and although they are believed to be correct, their accuracy is not guaranteed.
07920 (MOB) 496350
07966 (MOB) 597930
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