About this property
LOCATION AND SITUATION
The land is located off the Bury Road (A143), situated to the south-east of the village of Wickhambrook and south-west of the hamlet of Clopton Green.
The land is offered for sale in one block with direct access off the Public Highway. Three access points are marked with an 'A' on the Sale Plan.
The majority of the soil is shown on the map of the Soils Survey of England and Wales as being of the Hanslope Association, which is described as a slowly permeable calcareous clayey soil. Part of the land is of the Ludford Association which is described as deep well drained fine loamy, course loamy and sandy, locally flinty and in places over gravel.
BASIC PAYMENT SCHEME
The land is registered on the Rural Land Register. The Seller will oversee the transfer of 23.56 units of Entitlements to the Purchaser post completion, subject to the Basic Payment Scheme regulations. The current occupier of the land will retain the benefit of the 2022 BPS payment.
TENURE AND POSSESSION
The land is currently occupied under a Farm Business Tenancy which will end on 29th September 2022. The land is offered for sale by private treaty with vacant possession after 29th September 2022.
The area of the Property shown hatched blue on the plan will be subject to an overage. The purchaser (and their successors in title) will be required to pay 30% of the increase in value of the property resulting grant of planning permission for any use which is not equestrian, agricultural or woodland. The overage payment shall be triggered by the implementation of the relevant planning permission or sale of the property with the benefit of the relevant planning permission, whichever is the earlier. The overage will be applicable for a period of 35 years from the date of Completion.
For the avoidance of doubt, the Overage will be triggered by any residential development, including for tied properties.
The land may be viewed during daylight hours with a set of these particulars in hand having made prior appointment with the selling agent; Mark Johnson; 07766 785129 or Simon Gilbey; 07768 642220.
The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.
There is a mains sewer running north to south-west across parcel TL7654 2443.
There is a water main running parallel with the road from north to south-west across parcel TL7654 2443.
Should any sale of the land, or any rights attached to it become a chargeable supply for the purpose of VAT, such tax will be payable by the buyer(s) in addition to the contract price.
Exchange of contracts will take place 21 days after receipt by the Purchaser's solicitor of a draft contract with a 10% deposit payable. Completion will be 28 days thereafter or earlier by agreement.
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.