Hartest Lane, Hartest IP29

Hartest Lane, Hartest IP29

139.6 acres (56.5 hectares)

Asking price £1,185,000
Hallifax Place 1.8 miles
The Angel 4.1 miles
Meadow Drive 5 miles

Sale of a 125-year leasehold investment with a leaseback arrangement for a term of 40 years.

In all extending to approximately 139.61 acres.

Return of circa 2% and priority opportunity to purchase nature-based solutions developed on the Property.

A long leasehold biodiversity investment opportunity.

Sale of a 125-year leasehold investment with a leaseback arrangement for a term of 40 years.

In all extending to approximately 139.61 acres.

Return of circa 2% and priority opportunity to purchase nature-based solutions developed on the Property.


PROPERTY
Waldegrave Farm is situated in the picturesque rolling Suffolk hills and is set out in three main blocks.

A stream bisects the main block of farmland, and the land is interspersed with woodland plantations.

Mid-Suffolk Clay is the local soil type and the land is classified as Grade 2 on the Agricultural Land Classification Map.

The Property can be broken down into the following elements:

• Arable / Grassland / Leisure & Amenity: 131.51 ac (53.22 ha)

• Woodland: 6.63 ac (2.68 ha)

• Water: 0.82 ac (0.33 ha)

• Tracks : 0.65 ac (0.26 ha).


LOCATION
Waldegrave Farm is located off Hartest Lane, 1.4 miles north-east of the village of Hartest.

The rural surroundings offer a picturesque setting in a landscape which is traditionally well-suited to agriculture.

The historic market town of Bury St Edmunds is 8 miles to the north, providing a range of cultural landmarks as well as direct rail services to Cambridge and Ipswich.


PROPOSAL
The Habitat Bank tenant will:

• Create or enhance the habitats on the farm to create nature-based solutions including, but not limited to, Biodiversity Net Gain, Nutrient Neutrality Credits, Carbon Offsetting and ESG Projects.

• Continue to facilitate the existing wild camping and leisure business.

• Be open to additional requests from the Purchaser to match their ESG requirements.


RETURN
Detailed terms of the sub-lease to be agreed, but it is anticipated that the key terms will include:

• 40-year term

• Use for agriculture, leisure and as a Habitat Bank.

• Rental return of circa 2% of the long leasehold premium.


METHOD OF SALE
Sale of 125-year leasehold interest in Waldegrave Farm by way of a Premium, subject to a 40-year sub-lease to the Vendor for the purpose of creating a Habitat Bank with associated leisure diversifications.


TENURE & POSSESSION
The 125-year leasehold interest is being sold subject to a 40-year leaseback arrangement.


BASIC PAYMENT SCHEME
Basic Payment Scheme entitlements are not available with the sale.


ENVIRONMENTAL SCHEMES
During the initial 40-year term, the right to enter the land into environmental schemes is to be reserved to the sub-tenant.


ACCESS
Waldegrave Farm benefits from access directly off the adopted highway.


DRAINAGE
Land drainage plans are available upon request.


WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The land is to be sold subject to, and with the benefit of, all existing wayleaves, easements, covenants and rights of way, whether or not disclosed.


HEALTH & SAFETY
All viewings are carried out at the sole risk of the viewer and neither the selling Agent nor the Vendor takes responsibility.


VAT
Any guide prices quoted or discussed are exclusive of VAT.

In the event that the sale of the land becomes a chargeable supply for the purposes of VAT, such tax will be payable (or become payable by the purchaser) in addition to the purchase price.


SPORTING, TIMBER & MINERAL RIGHTS
To be excluded from the sale and retained by the Vendor.


LOCAL AUTHORITY
Babergh and Mid Suffolk District Councils
Endeavour House
8 Russell Road
Ipswich
IP1 2BX


VIEWINGS
Viewings are to be arranged exclusively with the selling Agent.

Please contact the Agent to register an interest.


DIRECTIONS
From Harrow Green: Head southwestwards along Hartest Lane, continuing for 1 mile.

Upon crossing Chad Brook, the entranceways to Waldegrave Farm are situated on the right and left hand sides.


WHAT3WORDS
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Location: entranceway to the northern block of land.

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Location: entranceway to the southern block of land.

CARTER JONAS CONTACTS
Jamie Elbourn
Mark Russell
Scott Riggs

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Their wholesale interest rates can be lower than retail (bank branch) interest rates
  • They offer more loan options because they work with numerous banks and lenders
  • They can finance tricky deals because of their knowledge and various lending partners
  • They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

  • You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
  • You may already know the banker who will handle your mortgage
  • Banks may be more accountable than a smaller shop
  • They may offer lower interest rates in some cases
  • Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.

If you have a property to sell, why not see how we can help you.

Or if you’re considering letting your property, we can take the stress out of managing your rental, and our award winning lettings team offer a service that can be tailored to your needs.

Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how Carter Jonas can help you make your next move.

Key property details
Property type
Land Farm
Total land
139.6 acres (56.5 hectares)
Carter Jonas reference
CBR230033

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