Land at Eight Ash Green, Essex

£680,000

Stanfords and Whirledge & Nott are pleased to bring to the market 17.03 hectares (42.10 acres) of Grade II arable land together with 10.98 hectares (27.14 acres) of woodland and 2.44 hectares (6.04 acres) of meadow, to be sold as a whole or in lots.

Location & Situation

The land is situated to the north and south of the A1124 Colchester to Halstead road between Eight Ash Green and Gallows Green. The land is approximately 4 miles west of Colchester Town Centre and approximately 13 miles east of Braintree Town Centre.

The Land

The land for sale to the north of the A1124 is mainly of the Ludford Soil Series which has characteristics of deep, well drained fine loamy, coarse loamy and sandy soils.
The land for sale to the south of the A1124 is mainly of the Wix Soil Series which has characteristics of deep, permeable course loamy soils.

Description

LOT 1 – 26.76 ACRES OF ARABLE AND MEADOW LAND – COLOURED BLUE

Including Grade II arable land extending to 20.72 ac covering two fields, which slowly undulates down towards the Colne River and further meadow land amounting to approx. 6.04 ac. The meadow land is divided into one larger field and one smaller measuring 4.89 ac and 1.15 ac respectively. The field boundaries are clearly delineated and access to the land is directly off the highway at Fiddler´s Hill, Eight Ash Green. Within the meadow there is a former WWII Pill Box.

The two arable fields are currently in cereal rotation.

LOT 2 – 27.14 ACRES OF WOODLAND – COLOURED GREEN

Fiddler´s Wood offers purchasers a rare opportunity to acquire a broadleaf woodland in a desirable area of north Essex. The woodland, which is a good size, abuts the highway and access is obtained off Fiddler´s Hill. The woodland boasts a range of native species such as oak, beech, hornbeam and ash to name a few. The woodland floor benefits from bluebells and other wild flowers which can be seen on the attached photographs.

Taxation

After two years´ ownership, commercially managed woods qualify for 100% relief from Inheritance Tax. Commercial timber sales are free from Income Tax and do not attract Capital Gains Tax.

LOT 3 – 11.01 ACRES OF ARABLE LAND – COLOURED RED

Including Grade II land extending to approximately 11.01 acres. The field is a practical shape for modern agriculture and is accessed directly off Chippetts Lane, Eight Ash Green, which is a "no through" road.

LOT 4 – 6.78 ACRES OF ARABLE/AMENITY LAND – COLOURED YELLOW

Lot 4 extends to approximately 6.78 acres of land which is currently in arable production, but would also suit amenity use (STP). The field is accessed directly off Daisy Green Road, Eight Ash Green.

LOT 5 – 3.59 ACRES – COLOURED PINK

Lot 5 offers purchasers an exciting opportunity to acquire a parcel of land which is currently in arable rotation but would also suit amenity and paddock use.

Access is by a Right of Way off Turkey Cock Lane.

General Remarks & Stipulations

Exchange of Contracts and Completion

Exchange of contracts is to occur 21 days after receipt by the Purchaser´s Solicitor of the draft completion with completion to occur after harvest.

A non-refundable deposit of 10% of the purchase price will be payable on exchange of contracts.

Past Cropping

Past and present cropping is available from the Vendor´s agents.

Statutory Designation

The land is not within a Statutory Designated area.

Nitrate Vulnerable Zone

The land is within the Nitrate Vulnerable Zone.

Stewardship Schemes

The land is not included within a land Stewardship Scheme.

Basic Payment Scheme (BPS)

The land is registered on the Rural Land Register. The Vendor will retain the 2020 BPS payment and shall make available to the purchaser(s) the relevant number of BPS Entitlements to be included with the sale.

Cross Compliance

The Vendor will be responsible for cross compliance up to the date of completion. The Purchaser will take over the cross compliance obligations on completion and will indemnify the Vendor from any non-compliance that results in a penalty or reduction in the Vendor´s payments under the Basic Payment Scheme.

Wayleaves, Easements and Rights of Way

The land is sold subject to and with the benefit of all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements, and all wayleaves whether referred to or not within these particulars. There are various footpaths in or around the land. Purchasers must satisfy themselves as to the location of these.

Services

The land does not have the benefit of services.

Land Drainage

Drainage plans are available from Whirledge or Stanfords.

Sporting, Minerals & Timber

All sporting, mineral and timber rights (except as reserved by Statute or to the Crown) are included in the sale.

Plans, Area & Schedules

These have been prepared as carefully as possible and based on Ordnance Survey data. The plans are published for illustrative purposes only and although they are believed to be correct, their accuracy is not guaranteed.

Holdover

There will be holdover on the land to harvest crops until 31st October 2020.

Early Entry

Early entry onto harvested land shall be permitted following exchange of contracts and the additional 10% deposit being paid.

Boundaries

The Purchaser(s) shall be deemed to have full knowledge of all boundaries and neither the Vendor nor the selling agents will be responsible for defining either the boundaries or their ownership.

Guide Prices

Lot 1 – £235,000
Lot 2 – £200,000
Lot 3 – £130,000
Lot 4 – £65,000
Lot 5 – £50,000

Offers are invited for the land either in lots or as a whole. Closing date for offers will be 12 noon on 17th July 2020.

Offers

Offers are to be submitted to Whirledge & Nott by no later than 12 noon on 17th July 2020, using the enclosed Tender Form and accompanying guidance.

Solicitors

Ellisons Solicitors, Headgate Court, Head Street, Colchester, Essex CO1 1NP

Viewings

Viewings can be undertaken unaccompanied during daylight hours with these particulars in hand having made prior appointment with the selling agents. Please contact:

Alexander Chapman (Stanfords); or

Rhega-Mai Ward (Whirledge & Nott)

Anti-Money Laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into effect on 26 June 2017. This requires us to undertake due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence and proof of source of funds for the purchase, before the transaction can proceed.