Attractive farmland investment in a popular part of Suffolk
The land amounts to approximately 117.9 acres of predominantly agricultural land with some small areas of pasture and woodland. Access is provided at a number of locations directly from the public highway.
The land is classified as Grade 3 on the Agricultural Land Classification map, the soil being predominantly of the Hanslope Series; a calcareous clayey soil suitable for the growing of winter cereals and other arable crops. The land is understood to be largely drained.
The majority of the land is tenanted until 31st October 2017. The tenancy may be terminated earlier than this date with an ingoing valuation being prepared to appropriately compensate the tenant. Please refer to the Vendors agent.
The Vendors wish to retain a right of overage on the land hatched blue on the sale plan to reflect any future increase in the value of the property resulting from the subsequent granting of beneficial planning consents. The Vendor will be entitled to 20% of any up lift in value on the holding over the next 15 years arising from future development consents.