* Freehold
* Grade 3 arable land
* Sold subject to fixed Farm Business Tenancy expiring in 2053
* Current passing rent is £15, 000 per annum
* In all about 99. 23 acres
* Deadline for offers Thursday 10th August 2023 at 12 noon.
Productive Grade 3 arable land in a ring fence south of Dalton - on - Tees
adjacent to the A167, sold subject to Farm Business Tenancy expiring in 2053.
Description
**Land**
The farmland lies in ring fence adjacent to the A167 (also known as
Northallerton Road) south of Dalton on Tees, between Darlington and
Northallerton. The land is predominantly arable with a small area of woodland
on the southern boundary, with some undulation between 40 and 55 metres above
sea level. The land is classified as Grade 3 under the maff Provisional
Agricultural Land Classification. Soils are from the Crewe series, common to
the locality, described as reddish clay and fine loam soil suitable for
cereals or grassland. The land has various access points direct to the A167
and is bound by mature hedgerows.
**Tenure**
The land is sold subject to a fixed term Farm Business Tenancy (fbt) which
commenced 29th June 2020 and expires 28th June 2053. The current rent passing
is £15, 000 per annum, payable half yearly in advance. The tenancy rent review
provisions are based on 75% of open market value rents, as defined under
Part II of the Agricultural Tenancies Act 1995, in accordance Section 13, with
the application of Section 10 provisions to initiate the rent review. A copy
of the tenancy agreement is
available on request.
Acreage:
99. 23 Acres
Additional Info
Rights of Way, Easements & Wayleaves - The property is sold subject to and
with the benefit of all existing wayleaves, easements and rights of way. Local
electricity lines cross the land, there are no known public or private rights
of way.
Services - The sale includes a private supply pipe for mains water servicing
various adjacent properties, this connection south of Dalton - on - Tees is
subject to legal agreements which cover usage recharges and shared repair and
maintenance. Further details are available on request.
Sporting Rights - The sporting rights are included insofar as they are owned.
Mineral Rights - The vendors reserve all mines and minerals from the sale with
underground working powers only.
Local Authority - North Yorkshire Council
Subsidies and Grants - The agricultural land is registered with the Rural
Payments Agency and the Basic Payment Scheme payment is claimed and received
by the tenant.
Solicitors - Farrer & Co, 66 Lincoln’s Inn Fields, London, WC2A 3LH
VAT - The land has been de - opted, therefore no VAT will be charged.
Postcode - DL2 2PB
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