A substantial block of arable land extending to 47.73 acres in an edge of village location some six miles to the north of Northampton.

The land has extensive road frontage suitable for agricultural access. The land is offered freehold and has been subject to an existing Farm Business Tenancy which will require the tenant to vacate on 28th September 2025.

Tenure

Freehold

LOCATION

The property is located between the villages of Pitsford and Moulton approximately half a mile south of the village of Pitsford and adjacent to Moulton Agricultural College.

THE LAND

The land has been farmed for spring oats, rape and barley over previous seasons comprising varied blowaway sand with heavier ground to the north and some loamy soil to the south. Cultivation and hedge trimming have not been completed by the tenants. The purchaser will be required to fence the boundary between the land to be sold and the vendor's retained land with pressure treated post and three rail stock proof fencing within three months of the completion of the sale.

BASIC PAYMENT SCHEME

The property will not include the right to any delinked payments which are specifically excluded from the sale.

ENVIRONMENTAL SCHEMES

The land is not included in any environmental schemes.

MINERAL AND SPORTING RIGHTS

The Mines, Minerals and Sporting Rights such as they exist are included in the freehold.

SERVICES

There are no services connected to the property although it is believed that there is a main water supply running beneath the land.

TENURE

The land is freehold and has been let to Ivor and Dale Caswell on a Farm Business Tenancy dated the 5th October 2017 which was initially for a term expiring on the 28th September 2018 having been continued year on year. Current rent is £6,875 per annum (for 55 acres) payable by equal instalments in advance on the 29th September and the 25th March each year. The crop from this season has been taken and the tenant served with notice to quit on 28th September 2025 meaning that vacant possession will be given on completion. The outgoing tenants do wish to continue farming the field and would be pleased to enter into a new FBT with the buyer.

VEHICLE ACCESS

The existing access is through land to be retained by the vendor however in the event that a new access is opposed by WNC the vendor will grant a right of way for access through his retained land, this right to exist for a period of 24 months only from completion.

OVERAGE

The land is sold subject to an overage clause expiring 2053 with 33 years remaining. The additional payment will be calculated at 50% of uplift in the value from the base value in the event that planning permission for development of the land is obtained.

LOCAL AUTHORITY

West Northamptonshire Council The Guildhall St Giles Square Northampton NN1 1DE www.westnorthants.gov.uk

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Northampton Borough Council

Solicitors

EMW Law, Ref: Rob Goffman, Tel: 01908 399600

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £3,600 (£3,000 plus VAT).

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.