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Tags:
  • Sold

Orwell Road, Barrington,, CB22

£5,300,000 Asking price
Tags:
  • Sold

Cambridge Central

Property type
Land
Bedrooms
4
Bathrooms
1
External size
255.8 hectares
632 acres
Tenure
To be advised

Description

Description Investment farm with anticipated vacant possession premium at the end of term. In all Approximately 632.6 acres (256.01 Hectares) The farm is predominantly arable situated on the outskirts of Barrington a large well serviced village west of Cambridge. The land is Grades 2 and 3. It is of the Wantage 2 & Hanslope soil series. Situation A let block of commercial arable land including a farm house and outbuildings all on FBTs. Lease agreements • Approximately 190.36 ha (470.38 acres) Farm BusinessTenancy from 01/10/2008 to 30/09/2023. Rent Associated with land for sale is £76,744 per annum. In addition the Tenant runs a self storage business and the Landlord is due 21% of the gross income from that enterprise. This is estimated to be an additional rent of between £15,000 and £20,000 per annum. • Approximately 25.9 ha (64 acres) Farm Business Tenancy from 1st October 2015 for one year. Rent attributable to land for sale £8,000 per annum • Approximately 9.29 Ha (22.96 acres) Farm Business Tenancy from 1st October 2005 for seven years, now rolling on. Current Rent of £2,750 per annum. • Approximately 30.3 Ha (75 acres) of woodland with Vacant Possession from the end of February 2016. Covenants/Restrictions • The vendor will imposes an overage on the area shaded purple on the plan retaining 40% of any development uplift value for 50 years. • The vendor will retain a right to lay services both mains and private systems across the land from Points marked X to Y marked on the plan. • The vendor will retain the right to enter onto the holding to construct, maintain and access a services compound adjacent to the main access road of no greater area than 0.2 hectares (½ acre). • The Purchaser will install new mains supplies to the house and farm buildings. • The Vendor will retain the right to access the eastern boundary of the property to maintain the boundary and he retained quarry. • Minerals will be retained by the vendor, but without access to them. • Where these rights are enforceable on the Tenant by the Landlord there will be a right for the Vendor to require the Purchaser to enforce those rights. Method of Sale The farm is for sale by private treaty as a whole. Basic Payment Scheme The farm has been registered for the Basic Payment Scheme and the Basic Payments Entitlements are in the hands of the Tenants. The main two tenancies require the Tenant to transfer the entitlements at half their market value on termination. On the smaller holding the transfer is to be completed at a cost of £1. Where land is retained entitlements will be divided on a pro rata basis. Easements, Wayleaves and Rights of Way The Farm is sold subject to and with the benefit of all existing wayleaves, easements and rights of way whether public or private, specifically mentioned or not. Additional Information Services Water and electricity is currently supplied to the house and buildings via the quarry. Viewing Strictly by appointment through the selling agents. Agents to contact: Jack Cook Surveyor, Estates & Farm Agency jack.cook@carterjonas.co.uk Mark Russell Partner, Rural mark.russell@cartejoans.co.uk

Location

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Key property details

Additional property type(s)
House, Estate, Farm
Accessibility
Ask agent
Parking
Ask agent
Garden
No
Carter Jonas reference
CBR150007