Farm Business Tenancy opportunity at Onehouse, Stowmarket. 34.63 acres (14.01 hectares) of bare arable land.

Farm Business Tenancy Opportunity at Onehouse, Stowmarket.
The land comprises of approximately 34.63 acres (14.01 hectares) in the village of Onehouse. The letting will be available on an annual farm business tenancy on the terms set out herein.

Situation / Location
The land in Onehouse is located approximately 2 miles west of the town centre of Stowmarket and 5 miles south west of Needham Market.

The Land
The extent of the land is shown edged red on the plan.

The soil survey of England and Wales records the land as being of 411d (Hanslope Soil Association chalky till) and 572q (Ashley Soil Association chalky till).

Basic Payment Scheme
The land is registered under the Basic Payment Scheme and the Vendor will make the 2023 claim.

Ahead of any more detailed announcement, DEFRA advised in 2022 that Basic Payment would be delinked from land and farming activities after 2023. This is understood to mean that occupation of farmland in 2024 and thereafter, will not give rise to any Basic Payment. The Tenant will be able to consider the options offered under DEFRA’s Environmental Land Management and other schemes.

The Landlord will retain the Basic Payment Scheme income from the 2023 scheme year and the Tenant/s will indemnity the Landlord in respect of all action, cost, claims and demands in connection with any failure on the part of the Tenant to comply with cross compliance requirements in respect of the 2023 scheme year.

Timber, Mineral and Sporting Rights
Timber, mineral and sporting rights will be let with the land.

Tenure and Possession
The land is being offered to let on a farm business tenancy to be documented on a standard agreement, whereby: -
• The letting will be on an annual rolling basis.
• The rent will be payable half yearly in advance.
• The use of the land will be restricted to growing of agricultural crops.
• Standard repairing and land maintenance obligations will be imposed on the tenant, ie the tenant will be responsible for keeping the land in good agricultural and environmental condition and maintaining hedges and ditches.
• The landlord will make standard reservations regarding access, minerals, water, timber, sporting etc.

Timing
The tenancy offered will start on 11th October 2023 until 10th October 2024.

Environmental Scheme
There are no Environmental Schemes in place on this land.

Method of Tender
Offers to rent are invited, with a closing date on the 28th July at midday, on the following terms:-
1. All offers should be received at Lacy Scott & Knight’s Bury St Edmunds Office by 12 noon on Friday 28th July 2023.
2. All offers should be in writing and will be treated as being ‘Subject to Agreement’. If any offer is made conditional on some other factor this should be clearly stated. Envelopes should be sealed and clearly marked “Land at Onehouse”. Faxed offers will not be accepted unless prior arrangement is made with the Agent.
3. All offers should be for a specific sum (sterling) for the year and for an uneven amount to reduce the possibility of duplication of offers. The sum will be payable half yearly.
4. No offers should be made calculable by reference to another offer.
5. The offer should make clear whether all or any of the BPS entitlements available with the land are required.
6. The successful applicant will be expected to sign the tenancy agreement and pay 6 months rent upon signing the agreement. The payment will be held in the Agent’s client account pending the start of the tenancy.
7. The Landlord reserves the right not to accept the highest or any other offer.
8. Applicants will be notified in writing as to their success or otherwise as soon as possible, after the closing date.

Local Authority
Anglian Water Services Ltd: PO Box 46, Spalding, Lincs, PE11 1DB.

Babergh and Mid Suffolk District Council: Endeavour House, 8 Russell Road, Ipswich, Suffolk, IP1 2BX.

Suffolk County Council: Endeavour House, 8 Russel Road, Ipswich, Suffolk, IP1 2BX.

Environment Agency: Cobham Road, Ipswich, Suffolk, IP1 1JE.

VAT
The Landlord has not made an election to charge VAT on the rent received.

Rights of Way/Easement/Wayleaves
The land will be let with the benefit of and subject to all rights of way (whether public or private), water, drainage, sewerage, light, wayleaves and other easements, if any, and subject to all outgoings or charges connected with or chargeable upon the property whether mentioned herein or not. The Agents, and the Tenant(s) shall be deemed to have satisfied themselves as to the description of the property, and any error or misstatement shall not annul the letting nor entitle either party to compensation. The plans are for the identification purposes only. In the event of any discrepancy between the plans and schedule of acreage, the schedule of acreage shall prevail.

Directions
From the Agent’s Bury St Edmunds office, head east on the A14 towards Stowmarket. At junction 47A exit towards Wetherden/Haughley Park. Carry along this road for 2.5 miles and then take a right onto Haughley Road and then onto Forest Road. After just under 1 miles the gateway to the land will be on your right.

What3Words
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Viewings
By prior appointment with the Agents during daylight hours only with these particulars in hand. For further details contact:-
Graham Ford MRICS or Eleanor Pratt