A productive agricultural holding extending to approximately 169.07 acres (68.24 Ha) let on a Farm Business Tenancy for a term of 20 years from the 1 November 2016.

Description

A level block of grade 2 land extending to about 169.07 acres (68.24 Ha) immediately east and south of the village of Milstead. The land comprises three separate blocks.

Lot 1 – Land North of Manor Road
A block of land within a single ring fence extending to approximately 50.9 acres (20.60 Ha).

Lot 2 – Land East of Frinsted Road
A block of land within a single ring fence extending to approximately 53.21 acres (21.53 Ha).

Lot 3 – Land West of Frinsted Road
A block of land within a single ring fence extending to approximately 64.96 acres (26.29 Ha).

The Farm Business Tenancy
The land at Milstead Manor Farm is let on a Farm Business Tenancy for a term of 20 years commencing on 1 November 2016. The passing rent is £42,260 per annum payable half yearly in arrears. Rent reviews are any anniversary of the term commencement date occurring not less than five years after the date with effect from when the market rent was previously agreed. The next possible rent review is the 1 November 2024 subject to either party serving the appropriate notice.

The tenant, at their expense, has planted the fruit trees as a tenant’s improvement and all planting costs are to be written down by straight line depreciation over 15 years. The trees planted in certain orchards were planted under the terms of an earlier farm business tenancy agreement and the write down period commenced on the 1 November 2013. The trees planted within the remainder of the property are to be written down from the 1 November 2017.

The tenancy agreement does not include a tenant only break provision.

Method of Sale
The land is offered for sale by private treaty as a whole or in 3 lots. The vendors reserve the right to seek best offers by informal tender at a later date.

Easements, Wayleaves and Rights of Way
The property is offered for sale, subject to and with the benefit of all rights of way either public or private, all easements, wayleaves and other rights of way, whether specifically mentioned or not.

Public footpaths ZR226 crosses Lot 1 and ZR225 crosses Lot 3.

Restrictive Covenant
Lots 1, 2 and 3 are sold subject to a restriction on title limiting the use of the property to agriculture.

Basic Payment Scheme and Entitlements
All of the land is registered on the Rural Land Register. The Non-SDA entitlements are owned by the vendors and utilised by the tenant and are included within the sale.

Plans, Areas and Schedules
The plans and associated acreages have been prepared for illustrative purposes and their accuracy cannot be guaranteed. Prospective purchasers must satisfy themselves by inspection or otherwise as to the location of the boundaries and areas.

Tenure
Lots 1, 2 and 3 are freehold and are sold subject to the Farm Business Tenancy agreement.

Mineral, Sporting and Timber Rights
All mineral and timber rights are included in the sale in so far as they are owned by the vendor. Sporting rights are excluded from the sale.

Health and Safety
Given the potential hazards of a working farm, we would ask you to be as vigilant as possible when visiting for your own safety.

Services
The borehole is a tenant’s fixture. There are no other services currently available to the land.

Statutory Designations
The whole of the land lies within the Kent Downs AONB.

Town & Country Planning
The property is sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice in force and the purchaser(s) will be deemed to have full knowledge and to satisfy themselves with the provisions of any such matter affecting the property.

Rights & Easements
The property is sold subject to, and with the benefit of all rights, including rights of way, whether public or private, light, support, drainage and electricity supply and other rights and obligations, easements, quasi easements and restrictive covenants and all existing and proposed wayleaves, masts, pylons, stays, cables, drains, water, gas and other pipes.

The vendors and their spouses and children shall retain rights to access the property with or without dogs for purposes of exercise and recreational use.

Lotting
The vendors reserve the right to alter the lotting or to not sell any of the lots.

Value Added Tax
The Vendor has not made a voluntary election of the land for VAT.

Local Authorities
Swale Borough Council -
Kent County Council -



Acreage: 169 Acres

Directions

Directions
From Sittingbourne proceed south along Woodstock Road for 0.40 miles, then turn left into Cromers Road. At the end of Cromers Road, turn right into Highsted Valley. Follow the road for 2.00 miles and on entering the village of Milstead, continue along Frinsted Road for 0.25 miles and Lot 1 will be on your right and Lot 2 will be on your left. To view Lot 2 and Lot 3, when entering the village take the left tun into Manor Road and after 0.20 miles, Lot 2 is on your right and Lot 3 is on your left.

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