Farm for sale in Church End, North Somercotes, Louth LN11, £22,500

22,500.00

Offer Nr.:
64356741
Type of ad:
for Sale
Property type:
Farm
Contact name:
Masons Sales & Lettings
Phone(s):
01507 736023

Approximately 2. 62 ac (1. 06Ha) of arable land located off Church End, North
Somercotes, Lincolnshire. Good quality arable land with access directly off
Church End.
Introduction
This introduction and particulars are intended to give a fair and
substantially correct overall description for the guidance of the intending
purchasers. No responsibility is to be assumed for the accuracy of individual
items. Maps, plans and aerial image demarcation are for identification
purposes only and are not to scale – they should be verified at the sale stage
against the sale contract plan. No utility searches have been carried out to
confirm at this stage.
Location
The land is situated to the south of the village of North Somercotes on the
northern side of Church End, close to St Mary’s Church.
Description
The land extends to approximately 2. 62ac (1. 06Ha) and is accessible via a
grass track from Church End. The track is included within the ownership of the
field.
The land is level, making it ideal for both arable production or
mowing/grazing. The boundaries are formed by dykes. The land is classified as
Grade 2 Agricultural Land according to the Agricultural Land Classification
Maps for England.
Outgoings
The land is subject to drainage rates payable to the Lindsey Marsh Drainage
Board at the prevailing rate.
Services
Prospective Purchasers are to make their own enquiries as to the location of
services.
Sporting and Mineral Rights
These are included in the sale, where they are owned.
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.
Tenure
The property is offered for sale freehold with vacant possession.
Holdover
The land is currently let on a Farm Business Tenancy with the Tenant
benefitting from a right of holdover until 30th August 2023.
Basic Payment Scheme and Entitlements
The Tenants will retain the 2023 Basic Payment Scheme payment. The Purchaser
will also be responsible for ensuring the cross - compliance rules are not
breached in relation to the Tenant’s 2023 Basic Payment Scheme claim until the
end of the current scheme year. The entitlements will be available by separate
negotiation.
Environmental & Countryside Stewardship
The land is not included in any stewardship schemes.
Method of Sale
The land is for sale by private treaty.
**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.

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