About this property

Detailed Description

LOT 2
Around 9.06 hectares (22.4 acres) of arable land which is to to sold subject to an overage provision as outlined in the brochure. The land is currently let by way of a Farm Business Tenancy achieving a rent of £220 plus VAT per annum.

Guide Price: £300,000

Location

North Greetwell is well located on the A158 just 3.3 miles to the West of Lincoln City Centre. The A158 connects with the A15 Lincoln Bypass providing quick access to the to the A46 and A1.

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.

Viewing

For further information or to arrange a viewing please contact:

AGENTS

John Elliott
01522 504303
07919 694223
john.elliott@brown-co.com

William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

VAT

Prices quoted in these particulars are exclusive of VAT. We are informed by our client that they have not elected to charge VAT.

Legal Costs

Each party is to be responsible for their own legal costs.

Other

EASEMENT, WAYLEAVES AND RIGHTS OF WAY
Lots 1 & 2 are sold subject to, and with the benefit of, all existing easements, wayleaves and rights of way whether or not these are specifically mentioned in this brochure. We have been advised that there is an Anglian water pipe that runs underneath Lot 1 which is shown by the orange arrows on plan 3 attached to these particulars.

DEVELOMENT CLAWBACK
Lot 2 is to sold subject to a subject to an overage provision that in the event that consent is granted for the land to be developed for
housing in the next 20 years, the purchasers will pay the seller or their successors in title 25% of the increase in the value of the land with the benefit of the consent over its existing use value. The overage is to be paid on sale of the land or implementation of the planning consent.

Terms

Lot 2 - Freehold, subject to the existing Farm Business Tenancy.

FARM BUSINESS TENANCY
Lot 2 currently has a Farm Business Tenancy which commenced on 1st March 2024 and expires on the 15th September 2024 at a rent of £220 plus VAT per annum.