Land for sale

Twycross, Atherstone, Leicestershire, CV9 3PR

Guide Price

£2,500,000

SOLD

UNDER OFFER

Marketed by

Howkins & Harrison, Ashby
Old Cottage Hospital,
Leicester Road,
Ashby de la Zouch,
LE65 1DB
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  • Lot 1: 80.06 acres (32.40 hectares)
  • Lot 2: 90.42 acres (36.59 hectares)
  • Lot 3: 23.45 acres (9.49 hectares)
  • Productive arable land
  • Available as a whole or in 3 lots
  • Grade 2/3
  • Freehold with vacant possession upon completion

LOTS 1 & 2 BEST OFFERS INVITED BY 12 NOON WEDNESDAY 28TH JULY 2021 Further to the submission of initial bids last week, our clients have instructed us to seek best and final offers on Lots 1 & 2 from all interested parties. The client has accepted an offer on Lot 3.As a reminder, Lots 1 & 2 comprise:Lot 1 – 80.06 acres (32.40 hectares). Guide price: £1,032,000 plus VAT (coloured red on the plan)Lot 2 – 90.42 acres (36.59 hectares). Guide price: £1,166,000 plus VAT (coloured blue on the plan)We would therefore be grateful if you would submit your best and final offer, together with proof of funds or confirmation of funding arrangements, on the terms stated below, in writing on the attached form (please contact us for a copy of this), either by post or email no later than 12 noon on Wednesday 28th July 2021.Offers should be made on the basis of the terms below:1)All offers should be for a single lump sum in pounds sterling and not expressed to be related to any other offer. 2) All offers should be stated as a sum exclusive of VAT, to which VAT will be added at the prevailing rate.3)The clients will be seeking exchange of contracts as soon as possible after accepting a successful bid and completion either simultaneously or as soon as possible thereafter.4)The vendor is not bound to accept the highest (or indeed any) offer received.If you require any further information prior to formulating your offer, please do not hesitate to contact us.

Location
The land is located just west of the village of Twycross, which is on the Leicestershire / Warwickshire border. The land has road frontage to the A444 and Orton Lane and there is access to the M42 and the A5 road networks nearby.

Description
The land is an extensive block of productive arable land, extending to 193.93 acres (78.48 hectares) or thereabouts located off Orton Lane and the A444 at Twycross, on the Leicestershire / Warwickshire border. The land is part Grade 2 and part Grade 3 and according to the Soil Survey of England and Wales, the soils are of the Hodnet and Wick 1 soil types.

The land is available as a whole or in the following lots:

Lot 1
The land at Lot 1 comprises 80.06 acres (32.40 hectares) which is separated into 5 enclosures and includes Dixey Spinney, as shown edge and coloured red on the attached plan. The land is accessed from an existing gateway off the A444, just north of Dixey Spinney.

Lot 1 is sold subject to an existing third party right of way for all purposes and an easement for services etc from the highway (A444) to an adjacent holding. The approximate route is shown by the yellow line on the attached plan.

Lot 2
90.42 acres (36.59 hectares) or thereabouts separated into four encloses, as shown edged and coloured blue on the attached plan. Lot 2 will be sold with the benefit of a right of way over a short section of the adjoining drive (approximate route shown in orange on the plan).

Lot 3
A single enclosure extending to 23.45 acres (9.49 hectares) or thereabouts, as shown edge and coloured purple on the attached plan. Lot 3 will be sold with the benefit of a right of way over a short section of the adjoining drive (approximate route shown in orange on the plan).

Basic Payment Scheme
The land is registered with the Rural Payments Agency for the Basic Payment Scheme (BPS). The vendor will transfer the relevant number of entitlements to the purchaser of each lot on completion of the sale. The eligible area for each lot is as follows:

Lot 1 - 32.12 hectares
Lot 2 - 35.49 hectares
Lot 3 - 9.49 hectares

Past Cropping
The cropping history of the land is available on request.

Services
We understand that the land does not benefit from any mains services.

Restrictions and Covenants
The land is sold subject to a restrictive covenant which was placed on the land by a previous owner. The covenant prevents the land being used for wind turbines and field mounted photovoltaic panels. The purchaser will be prohibited from spreading manure, slurry and sludge within a 30 metre radius of the Pump House (situated in field number 2568, the northernmost field in Lot 2), as the water in this area supplies the fishing ponds at the farmstead nearby.

Sporting and Mineral Rights
Sporting rights are to be included in the sale. Mineral rights are expressly excluded as these are retained by a previous owner.

Method of Sale
The land will be sold via private treaty.

Viewing
Viewing is by appointment only. Please contact the selling agent for more details:

James Collier, Atherstone Branch - 01827 721380
Ian Large, Ashby de la Zouch Branch - 01530 877977 (option 2)

Value Added Tax
It should be noted that VAT will be payable on the sale price.

Tenure
The property is offered freehold with vacant possession upon completion. Depending on the time frame for completion, early entry may be possible.

Rights of Way
Lot 1 is sold subject to an existing third party right of way for all purposes and an easement for services etc from the highway (A444) to an adjacent holding. The approximate route is shown by the yellow line on the attached plan.

Lots 2 and 3 will be sold with the benefit of a right of way for all purposes over a short section of the access drive off Orton Lane (as shown by the orange line on the attached plan).

There is a National Grid gas pipeline crossing Lots 1 and 2, as well as a third party, private water pipe, There is a public footpath crossing the land, shown by the brown hatched lines on the plan.

Local Authority
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the vendor or their Agents in respect of any error, omissions or misdescriptions.

The plan is for identification purposes only and is not to scale.

Offers
Offers are to be invited by 12 noon on Friday 16th July 2021. Please contact either James Collier at the Atherstone branch or Ian Large at the Ashby de la Zouch branch.