This property is no longer on the market
Land
Key information
Property description & features
- Tenure: 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.
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
what3words - ///animator.wobbling.cheerily
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Broadband availability and predicted speed: obtained from Ofcom on January 26, 2022
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