Land for sale in Icknield Street, Beoley, Redditch B98

An opportunity to acquire a ringfenced block of pastureland extending to approximately 122.03 acres on the outskirts of Redditch. For Sale by informal tender.
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An opportunity to acquire a ring-fenced block of grazing land extending to approximately 122.03 acres (49.38 ha) close to Redditch. For Sale by informal tender.

Informal Tender deadline: 30th May 2024 at 12 noon.

Overview
About 122.03 acres (49.38 ha) of grade 3 grazing land divided into multiple enclosures with stock-proof fencing in part
Highway frontage to Icknield Street
Natural ponds
Subject to a grazing licence expiring 31st August 2024

Situation
The land is situated close to the village of Beoley, on the fringes of the larger town of Redditch. There is road frontage to Icknield Street, with the principal access along a farm track.

Redditch offers a good range of amenities including supermarkets, a hospital, leisure centre, pubs and restaurants and a selection of hotels and other accommodation. There is also a mainline train station providing access to Birmingham New Street in under 45 minutes. The land is well positioned and offers good access to the A435, joining the M42 and gives good transport links to Bromsgrove, Worcester and Birmingham.

Land Quality and Soil Type
The land is classified as Grade 3 according to the Natural England Regional Agricultural Land Classification Maps. The soils may be described as slowly permeable seasonally wet slightly acid but base-rich loamy and clayey soils, mostly suited to grass production.

Technical information & Viewings
Viewings of the land may be undertaken during daylight hours only and with a copy of these particulars to hand. Viewers must confirm the time of their inspection to the selling agent prior to arrival. Please note the property is a working farm and viewers must take precautions with livestock and potential farm machinery on the property.

Services
We understand that mains water is available. Prospective Purchasers must satisfy themselves as to the availability of services and any future connections.

Basic Payment Scheme and Environmental Schemes
The land has historically been registered for payments under the Basic Payment Scheme and all delinked payments and entitlements relevant to the land will be retained by the Vendors and will not be available to the Purchaser on completion of the sale.

The land is subject to a wider Mid-Tier Countryside Stewardship Scheme ending 31st December 2026 which includes multi-year options and capital items. Capital item works have been completed. The Vendors will undertake to transfer the relevant part/ options of the Countryside Stewardship Scheme to the purchaser upon completion unless otherwise agreed. Further details are available from the selling agents.

Tenure and Possession
The property is to be sold freehold subject to a grazing licence expiring 31st August 2024. Further details are available from the selling agent.

Method of Sale
The land is offered for sale by informal tender and is available as a whole. Tender documents and tender conditions are available upon request from the selling agent and tenders must be submitted using the prescribed form.

All offers must be received by 12 noon Thursday 30th May 2024.
Please note: The Vendors reserve the right to conclude the sale by any other means at their discretion and the Vendors are not obliged to accept the highest or indeed any Tender submitted.

Ingoing Crop Valuation/Holdover
An ingoing crop valuation will not be required.

VAT

Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property or any part thereof or any right to it becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition to the sale price.

Sporting, Mineral and Timber Rights
The sporting, mineral and timber rights will be transferred with the freehold title where owned.

Nitrate Vulnerable Zone (nvz)
The Property lies within a Surface Water nvz Area and is subject to the usual restrictions.

Overage
The land will be sold subject to an uplift provision which will specify that 20% of any increase in value due to development (as defined in Section 55 of the Town and Country Planning Act 1990) for renewable energy purposes only will be payable to the Vendors or their successors in title should such development occur within 20 years from the date of completion. The uplift will be payable upon implementation or on a future sale with the benefit of a planning consent.

Local Authority
Bromsgrove District Council.

Public Rights of Way, Wayleaves and Easements
The property is sold subject to all rights of way, wayleaves and easements whether or not they are defined in this brochure. There are three public footpaths crossing the land as identified on the sale plan. We understand that there is an underground high pressure gas pipeline and overhead 11kv power line crossing the property. We understand there are third party access rights along the principal access driveway to the south. Further details are available from the selling agents.

Fixtures and Fittings
The inclusion or exclusion of any agricultural fixtures and fittings is to be agreed.

Plans and Boundaries
The plans within these particulars are based on Ordnance Survey data and provided for reference only. They are believed to be correct but accuracy is not guaranteed. The purchaser shall be deemed to have full knowledge of all boundaries and the extent of ownership. Neither the vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof.

Directions
Postcode - B98 9AL

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