About this propertyLOCATION
The land is located within the central belt of the Tyne Valley. Lying approximately 1 mile south of Stocksfield, the land is directly accessed from the Stocksfield Lead Road to New Ridley.
This is a rare opportunity to acquire two productive arable fields in the Tyne Valley.
Parcel Ha Ac BPS
NZ0559 6875 6.11 15.10 Arable
NZ0559 9478 5.23 12.92 Arable
TOTAL 11.34 28.02
The block would benefit an existing farm business looking to expand or simply add a productive area to their holding. Alternatively, the land presents an ideal opportunity for an investor who may wish to capitalise on the benefits of agricultural land.
The land is classified as being Grade 3 and is predominantly slowly permeable seasonally wet slightly acid but base-rich loamy and clayey soils. Consequently, the condition of the land will be of immediate benefit to the purchaser and is capable of producing high yielding crops.
Mains water is connected to the property.
BASIC PAYMENT SCHEME (BPS)
The Basic Payment has been claimed by a third party for the 2021 scheme year and the monies due retained for the remainder of the scheme year. The entitlements will be included in the sale, post completion.
Should completion occur prior to 31 December 2021, the Purchaser shall indemnify the 2021 claimant against any penalties imposed following completion resulting from the Purchaser´s actions.
The Purchaser will be required to meet YoungsRPS´ costs of completing and submitting the transfer paperwork to the RPA in respect of the BPS in the sum of £300.00 plus VAT.
The current owners have applied for Mid-Tier Countryside Stewardship. The application can be viewed at this office however the purchaser can opt not to continue with the agreement.
The land is owned freehold and farmed in hand.
RESIDENTIAL COVENANT/USER CLAUSE
In the event that the buyer or their successors in Title obtain planning consent to carry out any form of development (other than for agricultural use) they will pay 25% of the net uplift in value to the sellers of their successors. This provision will run for 25 years from the date of purchase.
EASEMENTS AND WAYLEAVES
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 competent authority pursuant to statute.
There is a public footpath crossing field NZ0559 9478.
Electricity Wayleave number 60104 crosses field NZ0559 6875.
Sporting rights are included in the sale in so far as they are owned.
Mineral rights are not owned and retained by a third party.
The boundary liabilities, to the best of the Vendor´s knowledge, are shown by means of inwards facing ´T´ marks on the attached Sale Plan.
Exchange of contracts will take place as soon as possible, but in any event no later than the expiry of eight weeks from instructing solicitors, with completion occurring as soon as possible thereafter.
Each party to bear their own costs.
MONEY LAUNDERING REGULATIONS
The Purchaser will be required to provide proof of identification to comply with Money Laundering Regulations in the form of a copy of the Purchaser´s passport/driver´s licence, together with a copy of a recent utility bill as proof of residence.
The gross acreages have been assessed in accordance with Ordnance Survey data and interested parties should satisfy themselves in this regard.
At any time during daylight hours with a copy of these particulars.
Northumberland County Council
Tel: 0345 600 6400.
Tel: 01434 609000
Stamp duty due
Based on a sale price of £195,000 the total amount of stamp duty payable will be:
Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.
* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.