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277.43 Acres at Bankwood Farm, Southwell, Nottinghamshire NG25 0RP at Bankwood Farm, Oxton Road, Southwell, Nottinghamshire NG25 0RP

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277.43 Acres at Bankwood Farm, Southwell, Nottinghamshire NG25 0RP at Bankwood Farm, Oxton Road, Southwell, Nottinghamshire NG25 0RP 277.43 Acres At Bankwood Farm, Southwell, Nottinghamshire NG25 0RP At Bankwood Farm, Oxton Road, Southwell, Nottinghamshire NG25 0RP Thurgarton - 2 miles Southwell 3½ miles Oxton - 3 miles Nottingham & Newark - 8 miles A46 - 9 miles 277.43 ACRES (112.28 Hectares) Productive arable land in good heart. FOR SALE BY CONTRACTUALLY BINDING FORMAL TENDER As a whole or in 3 lots Tender Date: 10th November 2017 Before 12 Noon Guide Price for the whole - £2,340,000 Description and Minster Secondary School are both assessed by Ofsted as Access to the data room and the tender pack is available from A productive block of well farmed Grade 3 arable land, which has “Outstanding”. From nearby Newark, there is a main line rail JHWalter on request following completion of an identity been growing wheat, barley, oilseed rape and grass crops. It is in service to London Kings Cross (1 hour 20 minutes). check to satisfy the Money Laundering, Terrorist Financing and good heart, having been a dairy holding for many years. Transfer of Funds Regulations. Method of sale Location and access The farm is offered for sale by formal tender as a whole, or in 3 3. The tender documents must be placed within a sealed The land is located 3½ miles south west of Southwell astride lots, or any combination of the lots. envelope. The envelope must be marked externally both with a private road (between Oxton and Thurgarton) off the B6386 the name, address and contact telephone number of the Southwell to Oxton Road. The land is in three distinct but Lot 1 153.21 acres North of Bankwood private road bidder and the heading ‘Land at Bankwood Farm’. contiguous blocks. The private road between the B6386 Oxton Lot 2 37.52 acres South of Bankwood private road Road and Thurgarton village has been used to access the farm Lot 3 86.70 acres East Bankwood Farm Yard, to the 4. Tenders must be for a precise sum of pounds sterling. It land for many years. However no right right of way from the land north and south of the private road. is advised that offers should be for an odd figure to avoid the to Thurgaton village will be granted. possibility of identical bids. TENDER DATE: 10TH NOVEMBER 2017 BEFORE 12 NOON Situation and Amenities 5. No tender will be considered, which is calculated only by The land lies in an attractive area of open countryside within the The land is to be sold by contractually binding formal tender on reference to another offer. parish of Thurgarton, between the Halloughton Dumble and the the following terms: Thurgarton Beck at between 50 and 100 metres above sea level. 6. The seller does not undertake to accept the higher or indeed 1. All tenders must reach the office of JHWalter, 1 Mint any tender. Southwell is a historic and prestigious market town centred Lane, Lincoln, LN1 1UD no later than 12 noon on Friday 10th around Southwell Minster. It offers a good range of facilities November 2017. No late tenders will be considered. 7. Full name and address of both the prospective buyer and their and amenities including shops, cafes, restaurants, public houses, solicitor should be provided with any tender. doctors’ surgery, racecourse, 2 golf courses and a leisure centre. 2. Tenders should be submitted in writing on the prescribed Catchment schools: Bleasby Church of England Primary School form, complete with the signed tender form and contract. 8. All tenders must include evidence of finance for the purchase. 12. It is possible to bid for the whole of the property, individual Land registration lots or any combination of lots. The buyer may submit The land is registered under title NT404161 and NT525302. 9. Tenders are to include a solicitor’s deposit cheque of 10% multiple bids in the alternative and can state which is their The seller is retaining some areas of the property included in payable to the seller’s solicitor Nelsons Law. The successful preferred lot and the order in which their bids should be these titles. buyer should be notified via a signed contract by the seller, considered. no later than 5pm on 17th November 2017. On acceptance, The Soils the contract will be deemed to be exchanged. Completion Access The soil type is shown on the 1:250,000 map Soils of England will take place on 31 January 2018. Please note that if early The Bankwood private road is shown coloured green and extends and Wales as Worcester Association. It is described as slowly entry is required, prior to completion, this is subject to the as far as the gate into field 8521. Lot 1 will have an additional right permeable non calcareous and calcareous reddish clayey soils payment of an additional 10% deposit. of way along the concrete track coloured brown on the plan. over mudstone. Maintenance contributions are set out in the tender pack. 10. A CD or access to the data room containing copies of Basic Payment Scheme supporting legal documentation referred to as the ‘Tender At the sole discretion of the seller, the seller may grant a right of Included in the sale are Basic Payment Entitlements relating to the Pack’ is available from the Selling Agent, preferably on request way (shown on plan as a short brown line) from land to the south land which will be transferred to the buyer after completion. The by the Solicitor/Agent acting for the prospective buyer. This of Bankwood Farm to provide access over the Dumble into Lot Entitlements are included in the price tendered. includes; Tender Form, Conditions of Tender, Contract of Sale, 3 (in the event that access is required to Lot 2) together with the Search Results, Relevant Title Documents,. right to carry out all necessary construction and clearance works. The value of the entitlements will be apportioned from the sale The Seller will retain a right to redirect any of the rights of way, price at £140 per Entitlement. The number of Entitlements to be 11. The selling agent is required to carry out an identification granted in this sale, along an alternative route in the future transferred will be; check on prospective buyers prior to issuing the Tender Pack in order to comply with the Money Laundering, Terrorist The Land Lot 1 – 61.00 Entitlements Financing and Transfer of Funds Regulations. The land is divided into 13 convenient sized arable fields and is Lot 2 – 13.49 Entitlements capable of growing good yields of combinable crops and grass. Lot 3 – 33.84 Entitlements There is a small area of amenity woodland. LOT 1 LOT 2 LOT 3 Rural Land Register Farm Buildings 2015.Therefore the use of permitted development rights to erect, Copies of the Rural Land Register maps are available in the There are no farm buildings included in the sale. The seller or alter, agricultural buildings on the land included in this sale Tender Pack. The 2017 Basic payment will be retained by the retains ownership of the range of farm buildings and yard at under Classes A(a), B(a) or Q will be prohibited for a period of seller. Bankwood and plans to maximise the development potential. 10 years. Sporting Rights Restrictions and Development Clawback The Permitted Fields The sporting rights are included in the sale and are let until 2nd The seller will not be imposing any development clawback on the The buyer is at liberty to erect new farm buildings on the February 2018 to a shooting syndicate, including game crops on sale. permitted fields outside of the area edged orange which are some certain areas. The rent is reserved to the seller. distance from the existing farmyard provided that they obtain full The seller is retaining Bankwood farmyard and buildings. In planning permission. Mines and Minerals addition there are 3 houses around the farmyard which belong The mineral rights are reserved in favour of previous owners. to third parties. The seller is currently promoting the change of The Restricted Fields Further information in the Tender Pack. use of the farm buildings to non agricultural uses. Accordingly, To protect the enjoyment of the Bankwood farmyard and restrictions and reservations have been placed on the future buildings, the restricted fields shown within the area edged Tenure use of the farmland so as to not prejudice the enjoyment of the orange, including reference numbers; Lot 1 6519 and 5502, Lot 2 The land is currently farmed in hand and vacant possession will existing houses or any future new use of the retained property. 3579, 2768, 4250 and, Lot 3 5459, 4546 and part of 5431, are sold be given on completion. subject to some restrictions including ; The restrictions will be set out in the lot transfers and divided History into the following sections: Not to use or permit the property within the area edged orange Until 2004 the land was part of a mixed farm with a dairy to be used as follows; enterprise, pig breeding and fattening unit and a Pedigree All the Fields Limousin beef herd. All the farmyard manure was returned to the The seller has consent under Class Q of the Town and Country • To erect any buildings or structures. holding’s arable land. Planning (General Permitted Development) (England) Order 2015 • For the storage of goods, caravans, boats, materials, to convert part of the Bankwood farm buildings into 3 dwellings. waste or refuse. Dwellings This consent will be invalidated if permitted development rights • In a manner which may be or may become a nuisance. There are no dwellings included in the sale.
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