31.21 Acres (12.63 hectares) or thereabouts of arable Wold Land
BEST AND FINAL OFFERS REQUIRED BY 3PM WEDNESDAY 6TH NOVEMBER
PLEASE CALL 01377 253151 TO OBTAIN A TENDER FORM
DESCRIPTIONThe land, as shown edged red on the plan included within these particulars, comprises two parcels of productive and versatile ‘Wold’ type arable land located to the east and west of Mill Lane, a short distance to the south of the village of Huggate on the Yorkshire Wolds.
The land lies between 160m – 170m above sea level and is generally level. It is currently cropped with potatoes for the 2024 crop.
The soils are within the Andover 1 soil series capable of growing high yielding crops including cereals, oilseeds, peas and potatoes.
LOCATION & ACCESS
The land is located south of Huggate village which itself is located around 11 miles to the west of the Market Town of Driffield and approximately 7 1/2 miles north east of the market town of Pocklington. Each parcel has road frontage to and access from Mill Lane which leads to Warter village.
METHOD OF SALE
The land is for sale by Private Treaty as a Whole. Interested parties should register their interest with Dee Atkinson and Harrison to be kept informed as to how the sale will be concluded.
The Vendors reserve the right to complete a sale by any other means at their discretion
TENURE & POSSESSION
The land is currently occupied by the way of an oral Farm Business Tenancy (FBT) and Notice to Quit has been served to terminate the FBT on 5th April 2025.
SERVICES
We are advised that there is a water supply to the land.
AGRI-ENVIRONMENT SCHEMES
The land is not included within an Agri Environment Scheme
NITRATE VULNERABLE ZONE
The land is included within a Nitrate Vulnerable Zone
SPORTING AND MINERAL RIGHTS
The sporting and mineral rights are in hand and included in the sale in so far as they are owned.
INGOING VALUATION
If an ingoing valuation is required the Purchaser(s) will, in addition to the purchase price, pay an ingoing valuation for growing crops, acts of husbandry, cost of cultivations, seed, fertiliser and sprays. The value of the ingoing payment will be set by Dee Atkinson and Harrison.
PUBLIC RIGHTS OF WAY, EASEMENTS AND WAYLEAVES
The land is sold with the benefit of all the accustomed or granted rights of way, water, support, drainage, electricity supplies, light, or other easements, or quasi easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicated in these particulars or not and without any obligations to define the same respectively.
PLANNING
Planning enquiries in respect of the land should be directed to:
East Riding of Yorkshire Council,
County Hall,
Cross Street
Beverley HU17 9BA
Tel: 01482 393939
PLANS, AREAS AND SCHEDULES
The plans provided in these sales particulars and the areas stated are for guidance only and are subject to verification with the title deeds.
CONTAMINATED LAND
The Vendors are not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Vendors do not give any guarantee in this respect and advises the Purchaser(s) to make such enquiries and investigations, which may be necessary to satisfy themselves that none of this land is so filled.
VAT
In the event that the sale of the land or any part of it or any right attached to it becomes chargeable for the purposes of VAT, such tax will be payable in addition to the purchase price.
VIEWING
Viewing of the land can be arranged by prior appointment with Dee Atkinson and Harrison.
HEALTH & SAFETY
Please note that the land is currently part of a working farm with potential hazards. Please be vigilant when viewing the land.
FURTHER INFORMATION
For further information, please contact:
Samantha Mellor MRICS FAAV
Tel: 01377 253151
Email: sam.mellor@dee-atkinson-harrison.co.uk
Please note that if you have downloaded these particulars from the internet you will need to register your interest with our office to be kept informed of the sale process.
NOTES:
Sales Particulars prepared: September 2024
Photographs taken: September 2024
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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