About this property
Key Features
Redundant outbuildings
Grade 2 free draining chalk land
Good sized parcels in single block with extensive road frontage
125.06 acres of principally arable land
Description
Glebe Farm has been in the same family ownership since the 1940’s and is being offered for sale for the first time in over 70 years. The farm is located in a superb elevated position on the North Essex/Cambs border with extensive views, and includes a range of redundant farm buildings. The farm has been let to the same farming business throughout the current ownership and at present is let on a Farm Business Tenancy until September 2015.
The land comprises a single block of arable and pasture land with extensive road frontage and access directly from the council highway. A central farm track provides access to the main arable block which is divided into good sized parcels.
The land is classified as Grade 2 and is of the Swaffham Prior soil series being well drained chalky drift suitable for a range of winter and spring cropping. There is 117.53 acres or thereabouts of arable (including grass margins and game cover), with the remaining 7.53 acres being permanent pasture, buildings and farm tracks.
The range of redundant farm buildings are principally of concrete block and timber construction and were formally used as cattle yards and piggeries. Mains water is connected to the buildings.
The land was formerly in an Entry Level Environment scheme and a number of the grass margins and field corners remain in place, enhancing the conversation value of the farm and providing an opportunity to re-enter the land into the new Countryside Stewardship Scheme.
Tenure
Freehold with vacant possession
Location
The farm is located approximately ½ mile north of the village of Chrishall and lies on the border of North Essex and Hertfordshire. The medieval market town of Saffron Walden is approx. 7 miles and Cambridge City centre is 15 miles.
Overflow
TENANCIES
Freehold. The land is subject to a Farm Business Tenancy which commenced in September 2010. A notice to quit has been served on the tenant to terminate the tenancy on 28th September 2015. Completion will be 7 business days after the tenant gives vacant possession or earlier by agreement.
BASIC PAYMENT SCHEME
There are 50.88 entitlements held by the tenant under the terms of the tenancy agreement and the tenant is required to transfer these to the landlord or the Landlords nominee on termination of the tenancy.
The tenant will register the entitlements under the Basic Payment Scheme and the outgoing tenant and the vendor will co-operate in the transfer of the Basic Payment Scheme entitlements to the purchaser as part of the sale, subject to RPA approval.
The tenant will retain the BPS income for the 2015 scheme year and the purchaser will be required to indemnify the claimant with regard to any claim in respect of breach of cross compliance or any other relevant scheme regulations for the 2015 year.
AUCTIONEERS NOTE
The area of buildings hatched black on the sale plan is to be sold subject to an Overage Clause in the event of any residential or commercial use of the buildings, either from the grant of planning permission or permitted development rights. The uplift will be for 30% of any net development value resulting from the grant of planning permission or approval under permitted development within a period of 20 years from completion of the sale. The overage will be triggered on commencement of development or on the sale of the land with the benefit of planning permission/permitted development approval, whichever is sooner.
GENERAL REMARKS AND STIPULATIONS
All sporting, timber and mineral rights are included in the sale insofar as they are owned. The shooting rights have been leased to a local syndicate shoot for the 2015/16 season.
The land is sold subject to and with the benefit of all existing wayleaves, easements, covenants and rights of way whether or not disclosed.
Lot Type
Land
Planning
The land is situated within Uttlesford District Council and is sold subject to any development plans, tree preservation orders, town planning schedules, applications, permissions and resolutions which may be or come into force. The purchaser(s) will be deemed to have full knowledge and have satisfied themselves as to the provisions of any such matters affecting the property.
Legal Packs
www.cheffins.co.uk/propertyauctions or Lightfoots LLP, 1-3 High Street, Thame, Oxon, OX9 2BX Tel: 01884 212305 ref John Ovens
jovens@lightfoots.co.uk
Viewing
Attend the site at all reasonable times during daylight hours with a copy of the particulars to hand.
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�