About this propertyLocation
The land is situated to the north and west of the village of Spinkhill in North East Derbyshire. The land is in an extremely accessible location, being only 3 miles from Junction 30 of the M1. Chesterfield is situated 8 miles to south west and Sheffield is situated 10 miles to the north west. See the location plan within these particulars.
Description & Lotting
The land is offered for sale as a whole or in four lots. Please see the lotting plan. The vendor may consider alternative lotting arrangements for the land to suit potential purchasers - please speak to the agent.
Lot 1 extends to approximately 76.21 acres (30.84 hectares) and includes two predominantly arable fields which extend to approximately 61.95 acres and a grass field of approximately 12.70 acres. The land is accessed directly from the public road known as Spinkhill Lane. The guide price for lot 1 is £535,000.
Lot 2 extends to approximately 26.16 acres (10.59 hectares) and comprises predominately arable land. The land is accessed directly from the public road known as Spinkhill Lane. The guide price for lot 2 is £200,000.
Lot 3 extends to approximately 14.17 acres (5.73 hectares). It comprises two grass fields and small areas of woodland and scrub. The land is accessed via a wide gateway from Station Road over land being retained by the seller. The purchaser will be required to install a post and wire fence between points A and B on the plan within 3 months of completion to divide the land from the seller´s retained land. The specification for the fence is available from the agent. The guide price for lot 3 is £65,000.
Lot 4 extends to approximately 13.47 acres (5.45 hectares) and is a varied land parcel with scope for improvement. It includes approximately 8 acres of arable land and a grass paddock of over 2 acres which is currently used for horse grazing. There is also a largely silted-up pond which is an interesting feature, plus areas of scrub and woodland. The land is accessed along the track which runs from Boiley Lane which is situated to the north of the land. The guide price for lot 4 is £85,000.
Tenure & Possession
Most of the land is currently let on an Agricultural Holdings Act tenancy but the landlord and the tenant have signed documentation which will end the tenancy on 25th September 2021. The land will therefore be sold with vacant possession.
The grass paddock forming part of lot 4 is subject to a Farm Business Tenancy. Notice has been served to end the tenancy on 24th March 2022. The land will be sold subject to this tenancy.
Method of Sale
The closing date for best and final offers is noon on Wednesday 25th August 2021. Offers must be made by email to - contact the agent for email address or alternatively by letter addressed to Paul McGee at the agent´s Northallerton office in an envelope marked "Land at Spinkhill". You should contact the agent to ensure your offer has been received. Offers must include the following:
- Purchaser´s name, address and contact details.
- Purchaser´s solicitor´s details.
- Offer amount.
- Confirmation of the lot(s) for which the offer is made.
- Confirmation of whether the offer is cash or subject to finance. Proof of funds must be included for cash offers and a loan offer must be included for offers subject to finance.
- Your intended use for land.
The successful purchaser will be required to exchange contracts and complete the sale as soon as possible. The agent reserves the right to negotiate any terms of sale in accordance with the vendor's instructions. The vendor is not obliged to accept the highest or indeed any offer.
The land may be inspected on foot and during daylight hours only without the agent. However, interested parties must confirm the time and date of their inspection with the agent. Viewing parties must stick to existing tracks and tramlines when inspecting the land. Inspections are permitted on the basis that they are undertaken entirely at your own risk.
Basic Payment Scheme
Most of the farmable land is registered with the Rural Payments Agency (RPA) to receive annual payments under the Basic Payment Scheme (BPS). The BPS entitlements belong to the outgoing tenant who has claimed and will keep the 2021 BPS payment. The outgoing tenant is required to sell the entitlements to the purchaser(s) of the land at their market value.
Upon acquiring the entitlements, the purchaser will be able to claim the BPS payment for 2022 and future scheme years (subject to meeting the requirements of the scheme). Further advice on the BPS is available from the agent.
Environmental Stewardship & Countryside Stewardship Schemes
The land has not been entered into any environmental or countryside schemes but may have potential for such schemes.
Plan & Areas
The plan in these particulars is for indication purposes only. The areas stated have been assessed using online mapping. Interested parties should satisfy themselves with regard to the extent of the property being sold and the areas stated.
Wayleaves & Easements
The land is sold subject to and with the benefit of all rights of way, water, drainage, water courses, light and other easements, quasi or reputed easements, and rights of adjoining owners, if any, affecting the same, and all matters registerable by any relevant authority pursuant to statute.
There are known to be electricity pylons crossing the land and there is an electricity tower in lot 1.
The land will be sold subject to a development clawback of 25% of any increase in value of the land which arises from the granting of planning permission for development other than agricultural (except an agricultural dwelling). The clawback will apply for a period of 25 years and would be payable upon the sale of the land with the benefit of the planning permission, or upon the implementation of the planning permission.
Cropping history is available from the agent.
There are no known mains water or electricity supplies to the land. The streams running through the grazing land provide a drinking water supply for livestock.
Nitrate Vulnerable Zone
The land is understood to be in within the Nitrate Vulnerable Zone.
Public Rights of Way
There are public rights of way crossing the land which are evident upon inspection and from Ordnance Survey or Local Authority mapping.
Money Laundering Regulations
The purchaser(s) will be required to provide proof of their identify and address in order to comply with the Money Laundering Regulations.
Sporting & Mineral Rights
The sporting rights are understood to be owned by the seller and will be included in the sale. The mines and minerals in respect of certain parts of the land are understood to have been reserved to a former owner and are therefore not included in the sale.
It is understood from our investigations that certain areas feature probable shallow coal mine workings (areas within all lots), past shallow coal mine workings (lot 3 only) and surface mining (lot 3, parts of lot 4 and the northern field of lot 1).
The purchaser(s) will satisfy themselves as to the ownership of the perimeter boundaries and the maintenance responsibility of those boundaries.
Based on a sale price of £885,000 the total amount of stamp duty payable will be:
Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.
* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.