Land and Buildings at Fosse Fields Farm, East Bridgford

Deadline 12 noon on Friday 17th May 2024.

For sale as a whole or in three separate lots by Formal Tender.

A total of just over 85 acres of Grade 2 farmland with dilapidated farmhouse, agricultural buildings and yard.

Guide Price for the whole £1,240,000.

Lot 1 - approximately 58.56 acres (23.70 hectares) of arable land - Guide Price £560,000.

Lot 2 - approximately 19.20 acres (7.77 hectares) of arable land - Guide Price £180,000.

Lot 3 - dilapidated farmhouse, traditional agricultural buildings, yard and 7.36 acres (2.98 hectares) of rough grazing - Guide Price £500,000.

Situation
The property is situated along Occupation Lane (an unmetalled track) approximately 1½ miles north east of East Bridgford, 8 miles south west of Newark-on-Trent and 9 miles north east of Nottingham.

The Farmland and Buildings
The land extends to approximately 85.13 acres (34.45 hectares) in total.

The soil is classified as Grade 2 by DEFRA and is of the Whimple 3 soil association, being described as reddish fine loamy or fine silty over clayey soils with slowly permeable subsoils and slight seasonable waterlogging that is reasonably flexible but more suited to autumn sown crops and grassland.

A cropping history is shown in the particulars of sale.

The land contained within Lot 1 and Lot 2 is currently subject to a one year Farm Business Tenancy, which expires on the 30th September 2024.

The dilapidated farmhouse, agricultural buildings and yard are situated on the northern side of Occupation Lane. These buildings are predominately constructed from brick under pantile roofs, with the later addition of a steel portal frame building. These buildings may be suitable for conversion and alternative use subject to any required planning or other consents.

Viewings
The land and buildings may be viewed at any reasonable time with a copy of these particulars to hand subject to prior notification to the vendor's agent, Shouler & Son of Melton Mowbray. Viewing is at your own risk and neither Shouler & Son nor the vendor take any responsibility for any losses or damages incurred during inspection.

Method of Sale
The unregistered freehold land and buildings are offered for sale as a whole or in three separate lots by contractually binding formal tender on the following terms:

1. All tenders must reach the office of Shouler & Son, County Chambers, Kings Road, Melton Mowbray, Leicestershire LE13 1QF no later than 12 noon on Friday 17th May 2024. No late tenders will be considered.

2. Tenders should be submitted in writing in the prescribed form complete with the signed tender form and contract and placed within a sealed envelope marked 'Land and buildings at Fosse Fields Farm FAO HEB/TH'.

3. Tenders must be for a precise sum of pounds sterling. It is advised that tenders should be for an odd figure to avoid the possibility of identical bids.

4. No tender will be considered, which is calculated only by reference to another tender.

5. The vendor does not undertake to accept the highest or indeed any tender.

6. The full name and address of both the prospective purchaser and their solicitors should be provided with any tender.

7. Tenders are to include a Solicitor's letter to confirm that they have seen evidence that funds are available for the purchase and that the deposit monies will be transferred to them, once a bid has been accepted and then transferred to the purchaser's solicitor who will hold the deposit as stakeholder. A 20% deposit must be available on exchange.

8. The successful purchaser should be notified via a signed contract from the vendor, no later than Friday 24th May 2024, at which time the sale will be exchanged.

9. Completion of Lot 3 (dilapidated farmhouse, traditional agricultural buildings, yard and 7.36 acres (2.98 hectares) of rough grazing) will take place on Friday 21st June 2024.

Completion of Lot 1 (58.56 acres (23.70 hectares) of arable land) and Lot 2 (19.20 acres (7.77 hectares) of arable land) will take place on Tuesday 1st October 2024.

10. Tenders are invited for individual lots or any combination of lots using the Form of Tender available from the tender pack on request. A prospective purchaser may wish to submit more than one tender.

Copies of supporting legal documentation referred to as the 'Tender Pack' are available on request from the vendor's solicitor or agent.

Services
There are no known services currently connected to the land and buildings.

Wayleaves, Easements and Rights of Way
The land and buildings are sold subject to and with the benefit of all rights including; rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights and obligations, easements and quasi-easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.

A restricted byway runs along the length of Occupation Lane and a public footpath runs along the western boundary of National Grid field number 6982.

Basic Payment
There are no delinked payments available to the Buyer.

Environmental Schemes
The land has not been entered into any environmental land management schemes.

Designations
The land is in a Nitrate Vulnerable Zone (NVZ).

Holdover
Holdover rights are reserved for the clearance of the current year's crop.

Early Entry
Early entry may be permitted on to fields that have been harvested at the purchaser's own risk following exchange of contracts.

Sporting, Timber and Mineral Rights
All sporting, timber and mineral rights are included in the freehold sale, in so far as they are owned.

Local Authority
Nottinghamshire County Council (County council) www.nottinghamshire.gov.uk

Rushcliffe Borough Council (District council) www.rushcliffe.gov.uk

VAT
Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the land, or any part of it, or any right attached to it, becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition.

Health and Safety
The dilapidated farmhouse and agricultural buildings are in very poor condition. You should therefore be extremely vigilant and careful whilst on the holding and not enter any of the buildings under any circumstance for your own personal safety. Neither Shouler & Son nor the vendor are responsible for the safety of those viewing the property and accordingly those viewing the property do so at their own risk.

Vendor's Solicitor
Rothera Bray LLP, 2 Kayes Walk, Stoney Street, The Lace Market, Nottingham NG1 1PZ

Antony Fyson 01159 737623 | a.fyson@rotherabray.co.uk

Vendor's Agent
Shouler & Son, County Chambers, Kings Road, Melton Mowbray, Leicestershire LE13 1QF

Tim Harris 01664 786365 | t.harris@shoulers.co.uk

Harry Baines 01664 502953 | h.baines@shoulers.co.uk