>
14.71 acres of Arable Land and... Land for sale
14.71 acres of Arable Land and Woodland at Burwell, Louth
£130,000
14.71 acres of Arable Land and Woodland at Burwell, Louth
£130,000
Our Summary
- Overage ClauseThe whole of the land is to be sold subject to an overage clause whereby 30% of the net uplift in value for any non-agricultural orforestry use is payable to the Vendors upon the earlier event of either the implementation of planning or the sale of the land for aterm of 30 years from the date of completion
Description
The property is a 14.71-acre arable land parcel with a single field, classified as Grade 3 on the Land Classification Plan of England & Wales. The soil is suitable for growing a variety of cereals and short-term temporary grass. The land has been farmed as part of an arable rotation for many years and has direct road access. The boundaries are defined by grass verges, mature hedgerows, and domestic fences. The land is being sold freehold with vacant possession, subject to drainage rates and a public footpath. The outgoing tenant has reserved the right to harvest the current growing crop and remove straw by a certain date. The property is not entered into any Environmental Land Management Schemes, and there will be no ingoing valuation to pay for in terms of growing crops or acts of husbandry. The buyer will be deemed to have full knowledge of all boundaries and will not hold the seller or selling agents responsible for defining ownership.