About this property

Detailed Description

The land extends to 6.13 hectares (15.16 acres) and is Grade 3 arable land. The soil association on the Soil Survey of England and Wales is Wharfe which is described as deep stoneless permeable fine loamy soils. The land is accessed via a vehicular towpath which provides the access not only for this parcel of land but for all the land in that area.

Location

The land is located in Nottingham between Beeston, Wilford and Clifton. The River Trent is south of the land and the Beeston Canal is north of the land. What3Words: insert.curving.funded.

Accommodation

The land is currently let under a periodic Farm Business Tenancy to the University of Nottingham Farms at a rent of £445 per annum payable annually in advance. Due to the periodic nature of the tenancy, a notice to terminate the lease would need to be served prior to October 2022 should the prospective purchaser wish to have vacant possession from October 2023.

Viewing

Potential purchasers may view the land on foot with a copy of the Particulars of Sale with them. Any queries with regard to the sale should be addressed to the Sole Selling Agents.

VAT

VAT will not be charged on the sale.

Legal Costs

Method of Sale
The property is offered for sale freehold by Private Treaty and is sold subject to the Farm Business Tenancy being taken by the prospective purchaser.

Other

Wayleaves, Easements and Rights of Way
The land is sold subject to, and with the benefit of, all existing obligations and rights, including rights of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements and all wayleaves, whether referred to or not in these Particulars. The Trent Valley Way footpath crosses the land as does a gas pipe. The land benefits from a right of way over the adjoining corner of the field. The field to the south-west has a right of way over this land.

Terms

Method of Sale
The property is offered for sale freehold by Private Treaty and is sold subject to the Farm Business Tenancy being taken by the prospective purchaser.

Development Clawback
The vendor (and their successors) reserve the right to receive 30% of any uplift in value in the event that Planning Permission is granted for any non-agricultural use for a period of 25 years from the date of completion.