Our Ref: AC/KG/R0188.2

Date as Postmarked

Dear Sir / Madam

PARSONAGE FARM COURTYARD & BUILDINGS, THROWLEY, , ME13 0PN

We are delighted to enclose the Property Particulars for the sale of Parsonage Farm Courtyard & Buildings. Instructions have been received to offer for sale as a whole by Contractual Tender with a closing date of Wednesday 4th September 2019.

The property is offered for sale with a Guide Price of £695,000 PLUS VAT.

We have been instructed to keep disturbance of the current tenants to a minimum and therefore, please see below for the viewing days throughout the marketing process: -

Viewing Days Thursday 25th July - 15:00 till 18:00 Friday 2nd August - 13:00 till 17:00 Thursday 8th August - 13:00 till 17:00 Thursday 15th August - 13:00 till 17:00 Thursday 22nd August - 10:00 till 14:00 Wednesday 28th August - 13:00 till 17:00

If you would like to organise a viewing, you require anything further or would like access to the Data Room then please do not hesitate to contact me.

Yours faithfully,

ALEX CORNWALLIS MRICS Email: [email protected]

Encs:

PARSONAGE FARM COURTYARD & BUILDINGS THROWLEY · FAVERSHAM · KENT ME13 0PN

LOCATION PARSONAGE FARM Parsonage Farm is situated approximately 1 mile to the west of the A251 which runs between Faversham and Ashford, providing easy access to both the M2 and M20 junctions within a 10-mile radius. Faversham is COURTYARD & BUILDINGS approximately 4 miles to the north with Ashford approximately 9 miles directly south. The smaller village of Challock (5 miles south) provides day-to-day facilities such as a farm shop, public house and Post Office. Ashford and THROWLEY Faversham provide a more comprehensive range of facilities and amenities including good road links with the M2 FAVERSHAM and M20 motorways and mainline and international rail stations with links to and the Continent in under an hour. Please see the Location Plan below for the exact location of the property in relation to the surrounding towns KENT ME13 0PN and villages.

Throwley 0.5 miles DIRECTIONS M2 3 miles From the M2, leave at Junction 6 Faversham/Ashford. Turn south towards Ashford on the A251. After Faversham 4 miles Church, turn right at the small crossroads into Old Badgins Road. At the T-junction, turn left into Parsonage Stocks Challock 5 miles Road and Parsonage Farm is the next farm on the left. Groome Farm comprises two detached dwellings M20 8 miles with separate access to each surrounded by From the M20, leave at Junction 9 for Ashford and follow signs for the A251 to Faversham. Once on the A251, take Ashford 9 miles residential lawned and bedded gardens and grounds the second left after The Red Lion pub in Badlesmere into Bags Hill Road. At the next junction turn right and Awith rare agricultural opportunity land both to to purchasethe south and a theformer north Parsonage Farm is immediately on your right. providing a secure buffer from surrounding farmyardproperties and with roads consented. A breakdown office of the component units of overparts 4,000ft² is as follows:. Further - range of former farm LOCATION PLAN buildings, some used for storage and some with further potential to convert into commercial if required and paddock land.

• The Courtyard office units extending to 4,467ft² • Income in excess of £45,000 per annum • Range of buildings suitable for conversion (subject to the necessary consents) • Paddock land surrounding the property • Private access • In all approximately 3.87 acres

FOR SALE BY CONTRACTUAL TENDER CLOSING DATE 4TH SEPTEMBER 2019 GUIDE PRICE: - £695,000 PLUS V.A.T.

VIEWING: - Strictly by appointment via the sole agents: BTF Partnership Canterbury Road Challock, Ashford Kent TN25 4BJ 01233 740077 [email protected]

DESCRIPTION THE BARN DUTCH BARN 2 Parsonage Farm Courtyard & Buildings comprise a A detached barn of concrete portal frame construction A detached concrete portal frame Dutch Barn under a significant range of former agricultural buildings, some of clad in timber weather-boarding under a pitched corrugated fibre cement roof with concrete floor situated which have been converted into office units with others corrugated fibre cement roof with two lean-to extensions to the rear of The Barn, open to all sides and used for used for general purpose storage. The remainder are on the northern and southern elevations. All units have general purpose storage as and when required. used for car parking and general agricultural use. A roller shutter doors and are used for storage purposes. break-down of the component parts of the yard is as This building houses Units 13, 14 and 15. FORMER SILAGE CLAMPS follows: - An area of concrete situated to the east of the farm CATTLE BARNS buildings and yard, used as the former silage clamps for THE OLD LOOSE BOXES Triple span concrete portal frame structure situated to the the farm providing a significant area of concrete for A detached building of predominantly solid brick east of the main courtyard. The buildings are of concrete storage or car parking if required. construction divided into eight separate units under a portal frame construction, clad in timber spaced boarding pitched slate roof. This building houses the majority of to the sides under a pitched corrugated fibre cement roof PADDOCK LAND the converted office units as shown below on the Floor with roof lights. Currently used for car parking. A paddock situated to the south of the site currently laid Plan, including the shared kitchen, garage and WCs. This to grass and used by the vendor for grazing purposes. building incorporates Units 1 to 8 and Unit 12. DUTCH BARN THE OLD MILKING PARLOUR A detached Dutch Barn of steel portal frame construction Courtyard and Buildings with the total incoming rent in the Link-attached to The Old Loose Boxes is the former clad to two sides under a pitched corrugated steel roof region of £45,000 per annum. milking parlour which comprises three further office units with roof lights, used for general purpose machinery along with a private Meeting Room and Store Room. This storage as and when required. unit incorporates Units 9, 10 and 11 is situated at the top end of The Courtyard with access directly onto The Courtyard itself.

PROPERTY TERRIER The range of buildings at Parsonage Farm have been converted over time to create a versatile commercial yard area. Most of the units on the property are let out on either Landlord & Tenant Act (Contracted Out) Leases or Tenancies at Will on the storage areas. Below is a Terrier of all the agreements currently in place within the Courtyard and Buildings with the total incoming rent in the region of £45,000 per annum. PARSONAGE FARM COURTYARD & BUILDINGS PROPERTY TERRIER CONFERENCE SERVICE CHARGE & UNIT PROPERTY DESCRIPTION TYPE OF TENANCY TERM RENT FACILITIES HEATING Office 3 Years from £200 per annum 6.30% - SC 1 The Old Loose Boxes Lease (Contracted Out) £2,400 per annum 223ft² 25/03/19 to 24/03/22 PAID QUARTERLY 10.8% - Heating Office 6 Years from £200 per annum 6.05% - SC 2 The Old Loose Boxes Lease (Contracted Out) £2,400 per annum 217ft² 29/09/17 to 28/09/23 PAID QUARTERLY 10.4% - Heating Office 6 Years from £200 per annum 6.32% - SC 3 The Old Loose Boxes Lease (Contracted Out) £2,400 per annum 231ft² 01/12/13 to 30/11/19 PAID QUARTERLY 10.92% - Heating Office 6 Years from 5.43% - SC 4 The Old Loose Boxes Lease (Contracted Out) £2,400 per annum None 194ft² 01/12/13 to 30/11/19 9.39% - Heating Office 3 Years from £200 per annum 5.82% - SC 5 The Old Loose Boxes Lease (Contracted Out) £2,400 per annum 209ft² 24/12/18 to 31/12/21 PAID QUARTERLY 10.06% - Heating Conference Room 6.18% - SC 6 The Old Loose Boxes N/A N/A None N/A 223ft² 10.73% - Heating Office 6 Years from £200 per annum 6.19% - SC 7 The Old Loose Boxes Lease (Contracted Out) £2,250 per annum 207ft² 01/12/13 to 30/11/19 PAID QUARTERLY 10.69% - Heating Office 6 Years from 6.18% - SC 8 The Old Loose Boxes Lease (Contracted Out) £2,250 per annum None 240ft² 01/12/13 to 30/11/19 10.68% - Heating 14.21% – SC Office 6 Years from £5,321.34 per £200 per annum 9 The Old Milking Parlour Lease (Contracted Out) 33.79% - Heating 550ft² 29/09/17 to 28/09/23 annum PAID QUARTERLY (Sub Metered with Units 9 & 10) 15.43% – SC Office 6 Years from £200 per annum 10 The Old Milking Parlour Lease (Contracted Out) £6,116 per annum 36.67% - Heating 556ft² 01/09/17 to 31/08/23 PAID QUARTERLY (Sub Metered with Units 9 & 11) 12.43% – SC Office 6 Years from £4,653.06 per N/A 11 The Old Milking Parlour Lease (Contracted Out) 29.54% - Heating 481ft² 29/09/17 to 28/09/23 annum Linked to Office 9 (Sub Metered with Units 9 & 10) Office 6 Years from £200 per annum 9.46% - SC 12 The Old Milking Parlour Lease (Contracted Out) £4,000 per annum 347ft² 29/09/17 to 28/09/23 PAID QUARTERLY 16.33% - Heating Storage 1 Year from 100% - Electricity 13 The Barn Tenancy at Will £1,600 per annum N/A 1205ft² 01/0119 to 31/12/19 Individually Metered Storage 1 Year from 100% - Electricity 14 The Barn Tenancy at Will £4,000 per annum N/A 2411ft² 01/0119 to 31/12/19 Individually Metered Storage 1 Year from 100% - Electricity 15 The Barn Tenancy at Will £1,600 per annum N/A 1182ft² 01/0119 to 31/12/19 Individually Metered 100% - SC Office – 3,678ft² 11 Lease Agreements £43,790.40 per TOTAL N/A £1,600 per annum 100% - Heating Storage – 4,798ft² 3 Tenancies at Will annum 100% - Sub Metered Heating

BOUNDARY PLAN

SERVICES TENURE DATA ROOM Parsonage Farm Courtyard and Buildings are connected Parsonage Farm Courtyard and Buildings are registered A Data Room is available with the selling agents. to single phase mains electricity and mains water with under Land Registry Title TT7368 and will be available Requests for access are to be made to: drainage to a septic tank system. Heating to the units is with vacant possession upon completion, subject to the Ashley Kenyon at [email protected] via a Gas Central Heating system. The office units have Commercial Leases and Tenancy at Will Agreements in or Sophie Evans at [email protected] Category 2 lighting throughout, smoke alarm systems and place and mentioned above. Broadband via Vfast with the Service Charge covering the AGENTS’ NOTE LOCAL AUTHORITY majority of the services on site and the heating split We wish to inform prospective purchasers that we have between the units relating to the specific unit size as Kent County Council, Invicta House, County Hall, prepared these sales particulars as a general guide and shown in the Property Terrier above. Please Note: The Maidstone, Kent ME14 1XQ. none of the statements contained in these particulars relating to this property should be relied upon as a Landlord covers the costs of the Kitchen, W/C’s and Swale Borough Council, Swale House, East Street, statement of fact. All measurements are given as a guide Conference Room’s heating and electricity. , Kent ME10 3HT (Tel. 01795 424341) and no liability can be accepted for any errors arising BASIC PAYMENT SCHEME BUSINESS RATES therefrom. We have not carried out a detailed or As far as we are aware, the land is not registered with the The offices at Parsonage Farm are registered for structural survey, not tested the services, appliance or Rural Payments Agency and no Basic Payment is Business Rates on the Valuation Office Agency website any fittings. claimed on the land. and a breakdown of the individual Business Rates can be VIEWINGS found on the Data Room. BOUNDARIES The vendors and their agents do not accept any The purchaser must satisfy themselves on the location of EPC RATINGS responsibility for accidents or personal injury as a result all boundaries from the Land Registry plans available and Courtyard – Band C of viewings whether accompanied or not. Viewings are from their own inspection. strictly by appointment only with the vendor’s sole agent. EASEMENTS, WAYLEAVES AND RIGHTS OF WAY Please Note: The selling agents will be holding several ACCESS The property is sold subject to and with the benefit of all viewing days over the Tender period which will be The principal access to the Courtyard at Parsonage Farm existing rights whether public or private, including rights confirmed in due course. is directly off Parsonage Stocks Road to the west via a of way, supply, drainage, water and electricity supplies or private access over a tarmacked area. Please Note: The other rights, covenants, restrictions and obligations, MONEY LAUNDERING tarmacked area is not owned, although the vendors will quasi-easements and all wayleaves whether referred to In accordance with Money Laundering Regulations, we be providing a Statutory Declaration stating the use of this or not within these particulars. are now required to obtain proof of identity for purchasers. access for in excess of a 10-year period. There will be no BTF employs the services of Smart-Search to verify the access rights reserved over the property. PLANS identity and residence of purchasers and will therefore The plans provided are for identification purposes only request that a photographic page of a passport and/or METHOD OF SALE and purchasers should satisfy themselves on the location Drivers Licence along with a home address and Date of The property is offered for sale by Contractual Tender as of external or internal boundaries prior to offering. Birth is provided as and when any tenders are submitted. th a whole with a closing date of Wednesday 4 September 2019. All appropriate details will be ACREAGES GUIDE PRICE uploaded into a Data Room which is available from the The acreages quoted are for guidance purposes only and £695,000 PLUS V.A.T. selling agents on request. The vendor’s solicitor’s details are given without responsibility. Any intending are shown below, for further information if required. purchasers should not rely upon as statement or V.A.T. representation of fact and must satisfy themselves by Please note the Vendors have opted to tax the property SOLICITOR’S DETAILS inspection or otherwise as to the area being sold. and therefore V.A.T. will need to be included on top of the Andrew Baskerville, purchase price. Loxley Solicitors, The Byre, Woodend Farm, PLANNING Cromhall, Wotton-under-Edge, Glos. GL12 8AA The original consent for change of use of the buildings to AGENT DETAILS T: 01453 700620 B1 was granted under Planning Application SW/99/825. BTF Partnership, Clockhouse Barn, Canterbury Road,

F: 01453 700183 Challock, Ashford, Kent TN25 4BJ A copy of the original Decision Notice and the Building T: 01233740077 E: [email protected] Regulations approval can be found on the Data Room. (Ref: AC)

www.btfpartnership.co.uk Land & Property Experts Clockhouse Barn, Canterbury Road, Challock, Ashford, Kent TN25 4BJ