Studio flat for sale

22.28 acres of Land at Ballateare bordering the west coast of the Island with predominantly easy working and free draining soils classified as Grade 3. Subject to a Farm Business Tenancy which expires on the 30th September 2026.

ISLE OF MAN
Almost equidistant from England, Ireland, Scotland and Wales, the Isle of Man is a self-governing Crown Dependency with a population of circa 85,000 people and a beautifully varied landscape which combined with a rich history and vibrant cultural heritage, culminated in the Island being awarded UNESCO Biosphere status in 2016.Internationally recognised for its off-shore banking and financial services sector, the Isle of Man offers a low tax economy, with significant tax advantages including low personal/corporate tax rates and no capital gains or inheritance tax. Residency on the Isle of Man typically requires a person to be present for at least 6 months each year, although certain exceptions may apply. Tourism is also key component of the economy with the annual Isle of Man TT, popular worldwide, often almost doubling the population of the Island during the event. One of the fastest sections on the course, the 'Sulby Straight,' runs between Lots 1 and 2.

AGRICULTURE ON THE ISLE OF MAN
The agricultural sector on the Isle of Man is extensive and progressive, with arable, beef, sheep, dairying, vegetables and poultry all key enterprises. Government support for the agricultural sector is available through the Agricultural Development Scheme, administered by the Department for the Environment, Food and Agriculture and includes a range of subsidies, capital grants and conservation schemes. With a climate well suited to grass production, livestock and dairying are the mainstay of the agricultural economy. The Island has its own abattoir and livestock are also exported to slaughter and for breeding, with exports enhanced by the Island's low animal disease status. The Isle of Man creamery is operated as a co-operative, processing liquid milk to produce butter, cheese and cream which is exported worldwide.

GENERAL REMARKS AND POINT TO NOTE

SALE METHOLD
The property is offered for sale freehold by Private Treaty as a Whole or in Lots. The vendors reserve the right to conclude the sale by any other means at their discretion and prospective purchasers should register their interest with the selling agents to be kept informed.

PLANS, AREA & SCHEDULES
The plan and schedules included in the particulars are based on the Isle of Man Department of Infrastructure Mapping Service and are for reference only. The purchaser(s) will be required to satisfy themselves as to the boundaries and areas of the land offered for sale and any errors shall not annul the sale nor entitle either party to compensation in respect thereof.

BOUNDARIES
The boundaries of the land are generally defined by mature hedges, fences or other boundary structures. Certain boundaries may not be identified by a boundary structure.

DESIGNATIONS & LAND GRADES
Land grades are based on the Isle of Man Land Grade Classifications.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY
The property is to be sold subject to and with the benefit of all rights of way whether public or private, rights of water, drainage, light, electric and other rights, as well as existing or proposed wayleaves, easements, quasi-easements, restrictive covenants and any other burdens whether referred to in these particulars or not.

SPORTING AND MINERAL RIGHTS
As far as they are owned, the sporting and mineral rights are included with the freehold and included in the sale.

RESTRICTIONS
The property and land are offered for sale subject to any existing restrictions. In particular, the bungalow included with Lot 1 is subject to an agricultural occupancy condition.

RATES
Rates are payable to the Isle of Man Treasury on the following:Shephers's Bungalow (Lot 1) Rateable Value: £88.00 Amount for 2025/26 £459.561 Staward Cottage (Lot 3) Rateable Value: £56.00 Amount for 2025/26 £310.352 Staward Cottage (Lot 3) Rateable Value: £40.00 Amount for £310.35

EMPLOYEES AND STAFF
There are no employees directly associated with the Staward Estate.

SERVICES
All residential properties are connected to mains water and electricity, with oil fired heating and private drainage systems.

VAT
Part of Lot 1 has been opted to tax and if the sale, or any part of it, or any right attached to it attracts VAT, such tax will be payable by the purchaser(s), in addition to the purchase price.

FIXTURES & FITTINGS
Unless stated all fixtures and fittings are excluded from the sale.

TITLE AND TENURE
Title to the Staward Estate is registered.

HEALTH AND SAFETY
When viewing the property please be aware of the potential hazards associated with a working farm.

MONEY LAUNDERING REGULATIONS
The successful purchaser(s) will be required to provide the selling agents with documents to satisfy the Money Laundering Regulations including proof of identity and address. Further details of the requirements are available upon request.

POST CODE & WHAT3WORDS
Staward Farm (Lot 1) - IM7 2HP///bloom.combating.schemes

FURTHER INFORMATION
Viewings are strictly by prior appointment. Please contact the joint selling agents:Chrystals, 31 Victoria Street, Douglas, Isle of Man, IM1 2SE. Neil Taggart MRICS [use Contact Agent Button]:[use Contact Agent Button] Mobile:[use Contact Agent Button].Alnwick Farming And Property Consultants, 6H Greensfield Court, Alnwick, Northumberland, NE66 2DE. Oliver Stones MRICS FAAV [use Contact Agent Button]:[use Contact Agent Button] Mobile:[use Contact Agent Button]

Tenure: Freehold