Land for sale in Hartest Lane, Hartest, Suffolk IP29

£1,185,000
Interested in this property? Call +44 1223 801797 * or Request Details

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Land for sale

Tenure:
Not available
Council tax band:
Not yet known - A band has not yet been confirmed.

Property description

A long leasehold biodiversity investment opportunity.

Sale of a 125-year leasehold investment with a leaseback arrangement for a term of 40 years.

In all extending to approximately 139.61 acres.

Return of circa 2% and priority opportunity to purchase nature-based solutions developed on the Property.


Property


Waldegrave Farm is situated in the picturesque rolling Suffolk hills and is set out in three main blocks.

A stream bisects the main block of farmland, and the land is interspersed with woodland plantations.

Mid-Suffolk Clay is the local soil type and the land is classified as Grade 2 on the Agricultural Land Classification Map.

The Property can be broken down into the following elements:

• Arable / Grassland / Leisure & Amenity: 131.51 ac (53.22 ha)

• Woodland: 6.63 ac (2.68 ha)

• Water: 0.82 ac (0.33 ha)

• Tracks : 0.65 ac (0.26 ha).


Location


Waldegrave Farm is located off Hartest Lane, 1.4 miles north-east of the village of Hartest.

The rural surroundings offer a picturesque setting in a landscape which is traditionally well-suited to agriculture.

The historic market town of Bury St Edmunds is 8 miles to the north, providing a range of cultural landmarks as well as direct rail services to Cambridge and Ipswich.


Proposal


The Habitat Bank tenant will:

• Create or enhance the habitats on the farm to create nature-based solutions including, but not limited to, Biodiversity Net Gain, Nutrient Neutrality Credits, Carbon Offsetting and esg Projects.

• Continue to facilitate the existing wild camping and leisure business.

• Be open to additional requests from the Purchaser to match their esg requirements.


Return


Detailed terms of the sub-lease to be agreed, but it is anticipated that the key terms will include:

• 40-year term

• Use for agriculture, leisure and as a Habitat Bank.

• Rental return of circa 2% of the long leasehold premium.


Method of sale


Sale of 125-year leasehold interest in Waldegrave Farm by way of a Premium, subject to a 40-year sub-lease to the Vendor for the purpose of creating a Habitat Bank with associated leisure diversifications.

Tenure & possession
The 125-year leasehold interest is being sold subject to a 40-year leaseback arrangement.


Basic payment scheme


Basic Payment Scheme entitlements are not available with the sale.


Environmental schemes


During the initial 40-year term, the right to enter the land into environmental schemes is to be reserved to the sub-tenant.


Access


Waldegrave Farm benefits from access directly off the adopted highway.


Drainage


Land drainage plans are available upon request.

Wayleaves, easements & rights of way
The land is to be sold subject to, and with the benefit of, all existing wayleaves, easements, covenants and rights of way, whether or not disclosed.

Health & safety
All viewings are carried out at the sole risk of the viewer and neither the selling Agent nor the Vendor takes responsibility.


VAT


Any guide prices quoted or discussed are exclusive of VAT.

In the event that the sale of the land becomes a chargeable supply for the purposes of VAT, such tax will be payable (or become payable by the purchaser) in addition to the purchase price.

Sporting, timber & mineral rights
To be excluded from the sale and retained by the Vendor.


Local authority


Babergh and Mid Suffolk District Councils
Endeavour House
8 Russell Road
Ipswich
IP1 2BX


Viewings


Viewings are to be arranged exclusively with the selling Agent.

Please contact the Agent to register an interest.


Directions


From Harrow Green: Head southwestwards along Hartest Lane, continuing for 1 mile.

Upon crossing Chad Brook, the entranceways to Waldegrave Farm are situated on the right and left hand sides.

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Location: Entranceway to the northern block of land.

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Location: Entranceway to the southern block of land.


Carter Jonas contacts


Jamie Elbourn
Mark Russell
Scott Riggs

Property info

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Carter Jonas - Cambridge, CB2 on +44 1223 801797 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Carter Jonas - Cambridge, and do not constitute property particulars. Please contact Carter Jonas - Cambridge for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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