10.93 acres (4.42ha) of Grade 2 Arable Land at North Somercotes
studio Flat
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Property description
The land consists of approximately 10.93 acres (4.42 ha) of productive arable land, and is located south of North Somercotes. The land benefits from a shared access track which is indicated in blue on the plan below. The land is offered for sale by private treaty as a whole.
The land is classified as Grade 2 on the Land Classification Plan of England & Wales, and the soils form part of the Agney series, which are described as deep stoneless silty soils, capable of growing a variety of cereals and some root crops.
The Agents have been advised by the vendors’ solicitors that the land benefits from a right of way over a made track indicated by the area in blue on the plan across.
Method of Sale The land is for sale by Private Treaty
Underdrainage The Agents have been advised that the land does not benefit from an underdrainage scheme.
Outgoings and Charges The land is subject to drainage rates payable to Lindsey Marsh Drainage Board at the prevailing rate and the purchaser will be responsible for the payment of drainage rates from the date of completion on a pro-rata basis.
Drainage rates for the year commencing 1st April 2025 are £117.16.
Wayleaves, Easements, Covenants and Rights of Way The land is sold subject to and with the benefit of all existing wayleaves, easements and quasi-easements and rights of way, whether mentioned in these particulars or not.
Ingoing Valuation Since there is no growing crop, there will be no ingoing valuation to pay for in terms of growing crops or acts of husbandry. Additionally, there will be no charge for UMVs and/or RMVs. There will be no claim for dilapidations or any other matters.
VAT It is not anticipated that VAT will be charged, however, should any sale of any part of the land or any rights attached to it become a chargeable supply for the purposes of VAT, such tax will also be payable by the purchaser(s) in addition to the contract price.
Flood Risk The Land is located in flood zone 3 indicating the land has a greater than 0.5% chance of flooding from the sea.
Environmental Land Management The land is not entered into any environmental land management schemes.
Boundaries The buyer(s) shall be deemed to have full knowledge of all boundaries and neither the seller nor the selling agents will be responsible for defining ownership of the boundaries. A plan showing the land being registered with the Land Registry is available from the Selling Agents.
Sporting & Mineral Rights These are included in the sale where they are owned.
Delinked Payments The land is registered with the Rural Payment Agency, but the delinked payments will not be transferred to the purchaser.
Early Entry The purchaser may be permitted to enter the land before completion on a licence arrangement at their own risk and subject to an increased deposit of 20%.
Tenure The land is being sold freehold with vacant possession.
Viewing Unaccompanied viewings are permitted during daylight hours provided a copy of these particulars are to hand.
Plans, Areas & Schedules The schedule of areas and field numbers has been prepared within the offices of the sole agent and the information is based upon that of the Agents’ mapping software. The back cropping has been supplied by the vendor.
Services None in so far as the agents are aware.
Back Cropping
2025 - Fallow 2024 - Fallow 2023 - Wheat 2022 - Spring Barley 2021 - Spring Beans 2020 - Spring Barley 2019 - Wheat
Vendors Solicitor Sophie Barwood Wilkin Chapman Oxley House Lincoln Way Louth LN11 0LS
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
10.93 acres (4.42ha) of Grade 2 Arable Land at North Somercotes - Streetview
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