Lot 3 - Park Farm, Tathall End, Buckinghamshire

£2,100,000

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Lot 3 - Park Farm, Tathall End, Buckinghamshire

For Sale

£2,100,000

Reference: 12729

BEST AND FINAL OFFERS BY 12 NOON ON FRIDAY 16TH AUGUST 2019 Lot 3 - 277.23 acres of Arable and Grassland In all about 545.76 acres (220.87 ha) Lot 1 - Farmhouse and Paddocks in 7.99 acres Lot 2 - Farm Buildings with Prior Approval for Change of Use to Four Dwellings, in 3.65 acres Lot 3 - 277.23 acres of Arable and Grassland Lot 4 - 256.89 acres of Arable Land

Property Description

BEST AND FINAL OFFERS BY 12 NOON ON FRIDAY 16TH AUGUST 2019

In all about 545.76 acres (220.87 ha)

Lot 1 - Farmhouse and Paddocks in 7.99 acres - £1,250,000
Lot 2 - Farm Buildings with Prior Approval for Change of Use to Four Dwellings, in 3.65 acres - £550,000
Lot 3 - 277.23 acres of Arable and Grassland - £2,100,000
Lot 4 - 256.89 acres of Arable Land - £2,300,000

SITUATION

Park Farm is located in a rural setting adjacent to Tathall End hamlet and to the south east of the village of Hanslope. The property is conveniently located on the Northamptonshire/Buckinghamshire border, to the north of the town of Milton Keynes, with direct rail services available to London Euston (approximately 33 minutes), and good access to the M1 at J15.

Hanslope village benefits from a range of services including, a village shop, public house, doctors surgery, St James the Great Parish Church and a recreational ground. The town of Milton Keynes is situated 5 miles to the south and offers an extensive range of services including shopping facilities, supermarkets, professional services and leisure complexes.

The area enjoys good schooling, with primary education available at Hanslope Primary and thereafter at numerous secondary schools in Milton Keynes. Private education is available at well-respected preparatory schools including Bilton Grange, Winchester House and Beachborough and thereafter at schools such as Warwick, Rugby, Northampton and the Harpur Trust Schools in Bedford.

GENERAL

PARK FARM, Tathall End is a mixed farm, extending to 545.76 acres (220.87 hectares) in total. This delightful ring fenced farm is conveniently located, whilst enjoying superb views across the Buckinghamshire countryside. Park Farm is defined, particularly along the eastern border by mature deciduous trees, including those comprising Little Linford Wood, across the boundary. The Tathall End brook runs through the farm and along the boundary, to the southern end of the farm.

The property includes a period seven bedroom farmhouse, with views over the rolling countryside, together with a range of farm buildings, 374.42 acres (151.53 hectares) of arable land, 156.72 acres (63.42 hectares) of permanent pasture land and 8.05 acres (3.25 hectares) of amenity woodland, all within a ring fence.



LOT 3 - ARABLE AND PASTURE LAND - 277.23 acres (green on the plan)

In all, approximately 277.23 acres (112.20 hectares) of land, surrounding the farmhouse and building complex at Park Farm and situated to the south east of Tathall End hamlet. Lot 3 comprises of approximately 148.60 acres (60.14 hectares) of permanent pasture together with 122.95 acres (49.76 acres) of arable land and 5.68 acres (2.30 hectares) of woodland and ponds. The grass land has been grazed with sheep for many years and the arable fields have grown combinable crops as set on the cropping schedule. The land is classified as Grade 3 according to the Agricultural Land Classification of England and Wales and the soil is predominantly of the Hanslope soil series according to the Soil Survey of England and Wales, which is typified by permeable clayey soils. The land is within a ring fence and also benefits from road frontage as well as access off the main farm drive.



GENERAL INFORMATION

Method of Sale
The property is offered for sale by Private Treaty as a whole or in up to 4 Lots.

Tenure and Possession
The property is offered for sale freehold with the benefit of vacant possession upon completion, subject to the termination of the existing Farm Business Tenancy on 28th September 2019.

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

Basic Payment Scheme
The farmland is registered on the Rural Land Register for the Basic Payment Scheme (BPS). The 2019 BPS claimant will retain the 2019 scheme year payment and monies relating to previous years. The BPS Entitlements are included in the sale. Further details are included in the Information Pack.

Environmental Stewardship
The land is within a Higher Level Stewardship Scheme, which expires 30th June 2020. The Purchaser(s) will be deemed to have full knowledge of the scheme and will take on and comply with the terms of the agreement from Completion. The FBT Tenant will retain any ELS/HLS payments payable up to Completion. Further details are included in the Information Pack.

Ingoing Valuation
In addition to the purchase price the purchaser(s) of Lots 3 and 4 will be required to pay for:

Growing crops and all beneficial cultivations, sub soiling, mole ploughing and acts of husbandry since the last harvest at current CAAV rates or contract rates where applicable. Seed, fertilisers, manures and sprays applied to the growing crops since the last harvest at invoice cost. Lime and chalk applied since the last harvest at invoice cost of the materials and spreading. Enhancement of £30/acre/month from the establishment of the crop.

Scheduled Monument
A small moated site which is situated approximately 70 metres to the south of Long Plantation, is designated as a Scheduled Monument under Historic England.

Easements, Wayleaves, Covenants and Rights of Way
The property is sold subject to and with the benefit of all existing wayleaves, easements and rights of way, whether public or private, light, sport, drainage, water, electricity supplies and any other rights, obligations, easements and quasi easements, whether specifically mentioned or not.

More particularly the track which provides an additional access to Lot 4 from Bullington End (NG 2101), is subject to a right of way for the benefit of New Buildings Farm. If Lots 1, 2 and/or 3 are sold in separate Lots, a right of way will be granted by the Purchaser of Lot 1, over the main driveway, with future repair and maintenance obligations according to user.

There are a number of electricity poles across Park Farm for which an annual wayleave payment is received. Further details are in the Information Pack.

A number of public footpaths and bridleways cross the land, including the Three Shires Way. Further details are available in the Information Pack.

Overage
In respect of the sale of Lots 3 and 4, the Sellers will retain 40% of any uplift in value if planning permission is obtained for a change of use from agricultural purposes during the first 40 years after completion of the sale. The overage payment will be triggered upon the disposal of land with the benefit of planning permission or implementation of a planning permission.

Outgoings
Council Tax upon the Farmhouse for the year 2019/20 - Council Tax Band G - £2,974.25 pa
Drainage Rates - Payable to the Environment Agency - 202.83p/ha
Electric Entrance Gate - £10/month SIM to connect mobile phone to gate

Local Authority
Milton Keynes Council, Civic Offices, 1 Saxon Gate East, Milton Keynes, MK9 3EJ

VAT
Should the sale of the property or rights attached to the sale become a chargeable supply for the purpose of VAT, such tax will be paid by the Purchaser(s) in addition to the purchase price.

Boundaries
The Purchaser(s) will be deemed to have inspected the property and satisfied himself as to the ownership of any boundary, hedge, tree or ditch.

Plans, Areas and Schedules
Plans included or attached to these particulars are based upon the Ordnance Survey Maps copyright reserved (100022432 and 100033416). All plans are not to scale.

Viewings
All viewings are strictly by appointment only through the seller´s agent, Bletsoes 01832 732241.

Health and Safety
Given the potential hazards of a working farm, we ask you to be as vigilant as possible when making your inspection, for your own personal safety, particularly around the farm buildings and machinery. It is asked that you observe any specific signage around the farmyard.

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