Oakhurst Farm Crowland Road Eye Peterborough - Lot 4

Sold

£500,000

Reference: 13338

Oakhurst Farm, Crowland Road, Eye, PE6 7TT Lot 4 - 62.69 acres of Arable Land

Property Description

*** DEADLINE FOR BEST & FINAL OFFERS - 12 noon on Tuesday 15th August ***

Situation
Oakhurst Farm is located approximately a mile to the north of Eye village and is situated as part of the hamlet of Eye Green, separated from the main village by the A47. The property lies close to the Cambridgeshire/Lincolnshire border. Eye benefits from a number of facilities including a GP Surgery, dentist, library, and community centre, as well as several shops and restaurants. The Cathedral City of Peterborough is situated 6 miles to the south-west and offers a wide range of places to shop and eat, leisure facilities and is well known for its thriving theatre and city centre.

Burghley House at Stamford is just over 15 miles away to the west of Oakhurst Farm and offers a great day out for all ages, as well as hosting the popular Burghley Horse Trials. The historic university city of Cambridge can be reached in just under an hour by car and offers an extensive range of shopping, cultural and other facilities. Situated approximately 4 miles north of the property lies the village of Crowland, which boasts two sites of historical interest, comprising Crowland Abbey and Trinity Bridge.

Oakhurst Farm benefits from very good road links, being under a mile from the A47, leading to the A1(M) and thereafter to the A14, which links to the M11 at Cambridge and the M1/M6 to the west. There are excellent rail connections from Peterborough, where London Kings Cross can be reached in 50 minutes on the East Coast mainline, together with direct trains to Cambridge, Stansted Airport, Birmingham and Nottingham.

The village of Eye has a Church of England Primary School, and there is a wealth of secondary schools in Peterborough, including Arthur Mellows Village College and The King´s (The Cathedral) School. Private education is available at The Peterborough School (6 miles), and at Stamford School (15 miles) and Oundle School (18 miles).

Lot 4 - 62.69 acres of Arable Land:
In all, approximately 62.69 acres (25.37 hectares) of arable land, that is situated to the north and north-east of the farmhouse and agricultural buildings. The fields are conveniently worked in terms of size and shape and the land can be accessed directly from Crowland Road and via the hardcore track. The land has been cropped recently with Winter Wheat, Winter Beans and Sugarbeet alongside Fallow as part of a recently expired Agri-Environment agreement. The land is classified as Grade 2 according to the Agricultural Land Classification Maps and the soils are of the Downholland 1 according to the Soil Survey of England and Wales. This is typically characterised by clay loam soils with naturally high groundwater and a peaty surface. If Lot 4 is sold separately to Lot 1, 2, 3 and 5, a right of way will be granted over the access track to the land, to give vehicular access to and from the public
highway.

General
OAKHURST FARM, Eye is an arable farm with excellent residential opportunities, extending to approximately 115.84 acres (46.89 hectares) in total. The property includes a traditional brick built five bedroom farmhouse and paddock land. The Root
House is a four-bedroom residential property which was converted from an agricultural building in 2009 and has since won a Technical Innovation Award.
Planning permission has been granted for a Change of Use to convert other traditional agricultural buildings at Oakhurst Farm, situated within a good-sized plot of 6.07 acres, to three residential dwellings.
The arable land extends to the north and east of the farmhouse and building complex and comprises approximately 105.65 acres (42.76 hectares) in good sized commercial fields, with the majority in an arable rotation. The frontage onto the Crowland Road and hardcore track off the principal entrance provides good access to all fields.


General Information:

Method of Sale
The property is offered for sale by Private Treaty as a whole or in up to 5 Lots.

Tenure and Possession
The property is offered for sale freehold.
Agricultural Holdings Act tenancies have been in place between family members upon Lot 4. The tenancies will be surrendered, with vacant possession on the whole upon completion. Details are available in the Information Pack.

Basic Payment Scheme
The farmland is registered on the Rural Land Register for the Basic Payment Scheme (BPS). The seller will retain the BPS for the 2023 scheme year and previous years, including any associated delinked payment. The purchaser(s) will be required to ensure that the land remains Cross Compliant from completion until 31st December 2023.

Services
The purchaser of Lot 2 will be responsible for meeting the costs of installing its own new water and electricity supply. Provision for the necessary Rights of Easement will be made within the sale contract(s) and transfer(s). The main farmhouse has oil-fired central heating, electricity and is connected to mains water, as well as private drainage to a septic tank. The purchaser of Lot 1 will be required to terminate the water and electricity supplies to Lot 2 and Lot 5. The Root House is connected to a mains water supply and private drainage to a Klargester.

Drainage Rates
Part of the holding is subject to drainage rates payable to the North Level Internal Drainage Board. Payment becomes due from the 1st April to the 31st March in any given year. A copy of the latest invoice is within the Information Pack.

Flood Zone
The property is located within Flood Zone 2 and 3, however, the site is located in a Protected Area managed by the North Level Internal Drainage Board which removes the risk of flooding.

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. There is a right of way along the access track for the benefit of the neighbouring property. There are two gas pipelines which cross the property. We understand that there are no Public Rights of Way which cross the land.

Joint Selling Agent
Bletsoes are selling the property in conjunction with Perkins George Mawer.

Countryside & Environmental Stewardship
The property was previously within an Agri-Environment Agreement. Details are available in the Information Pack.

Overage
The seller will retain 40% of any uplift in value if planning permission is obtained for a development or change of use from agricultural, horticultural or equestrian use during the first 30 years after completion of the sale. The overage payment will be triggered upon disposal of land with the benefit of planning permission or implementation of planning permission.

Local Authority
Peterborough City Council
https://www.peterborough.gov.uk/.

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 themselves 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.

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

Health & 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 farm buildings and machinery.

Ingoing Valuation and Holdover
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, subsoiling, 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 will be recharged at invoice cost. Lime and chalk applied since the last harvest at invoice cost of the materials and spreading.

Fixtures and Fittings
All items usually regarded as tenant´s fixtures and fittings and equipment, including fitted carpets and curtains, together with garden ornaments and statuary, are specifically excluded from the sale. These may be available to the purchaser(s) by separate negotiation.

Measurements & Other Information
All measurements are approximate. While we endeavor to make our Sales Particulars accurate and reliable if there is a point which is of particular importance please do contact Henry H. Bletsoe & Son LLP (Bletsoes) who will be pleased to check the information for you, particularly if you are contemplating travelling some distance to view the property. Particulars prepared and photographs taken in May and June 2023.

Viewings
All viewings are strictly by appointment only through the Seller´s Agent, Henry H. Bletsoe & Son LLP.

Important Notice - Henry H. Bletsoe & Son LLP for themselves and the Seller whose agents they are give Notice that: 1. These particulars are intended to give a fair and substantially correct overall description for the guidance of intending Purchasers and do not constitute part of an offer or Contract. Prospective Purchasers ought to seek their own professional advice. 2. All descriptions, dimensions, areas, reference to condition and if necessary permissions for use and occupation and details are given in good faith and are believed to be correct. Any intending Purchasers should not rely on them as a statement or representation of fact but must satisfy themselves when inspecting or otherwise as to the correctness of each of them. 3. No person in the employment of Henry H. Bletsoe & Son LLP has any authority either to make or give any representation or warranty whether in relation to this property or these Particulars nor to enter in any contract relating to the property on behalf of the Seller. 4. No responsibility is accepted for any expenses incurred by the intending Purchaser inspecting properties that have been sold, let or withdrawn. 5. The property is open to inspection. The Purchaser shall be deemed to have full knowledge of the state and condition thereof including the ownership of any tree, boundary or part of the property. 6. Should any dispute arise between the Seller and Purchaser upon any point not involving a question of Law arising out of these Particulars, stipulations or plans as to interpretation, the dispute shall be referred to the Agents, Henry H. Bletsoe & Son LLP whose decision shall be final and binding on all parties to their dispute and in every such referral the Agents to decide how the costs of such reference shall be borne.