Detailed Description

The majority of the land is classified as being predominantly Grade 3 on DEFRA's Agricultural Land Classification Map. The land is accessed directly off the public highway.

PART RESUMPTION - The Landlord will have the right to recover 30% of the holding in each year of the term by serving 12 months notice of their intention to do so.

ASSIGNMENT - The tenant will not be permitted to assign, underlet or part with possession of the whole or any part of the interest, without written consent from the Landlord.

SPORTING RIGHTS - All sporting rights are reserved by the Landlord.

WAYLEAVES, EASEMENTS AND RESERVATIONS - The property is let subject to, and with the benefit of, all existing wayleaves, easements and rights of way whether public or private, specifically mentioned or not.

REPAIRING AND INSURING OBLIGATIONS - The Tenant will be responsible for the maintenance of the land (in particular trimming hedges, repair of gates/fences, all field cultivations) and for insuring their own stock. In the first 3 months of the tenancy, the Tenant shall provide a full soil analysis at their cost to the Landlord and will ensure existing fertility and pH levels are maintained or enhanced during the tenancy. A corresponding soil analysis report shall be produced by the Tenant (at their expense) within 3 months of the end of the tenancy.

IMPROVEMENTS - In the event of the incoming Tenant wishing to carry out improvements at their own expense the Landlord's written permission will be required. The conditions of such permission being a matter of discussion at the time.


Tenancy

A new 5 year Farm Business Tenancy commencing on 29th September 2024.

TERMS OF THE TENANCY - The holding is being offered subject to contract on a new 5 year fixed term Farm Business Tenancy, commencing from 29th September 2024. There will be a break clause at year 3 operable by the Landlord subject to 12 months' notice.

The tendered rent will be reviewable in accordance with the Agricultural Tenancies Act 1995. The rent will be payable in equal instalments on every other English quarter day. The Landlord reserves the right to vary the area of land prior to the signing of the Tenancy, subject to a pro-rata adjustment in the tendered rent. A draft of the proposed Tenancy Agreement and plans will be available (subject to contract) for inspection from the agents.

Applicants for the tenancy shall be deemed to have read and accepted the terms of the proposed Tenancy Agreement and the successful applicant will be required to sign formal Heads of Terms within 14 days of acceptance of their tender and the Tenancy Agreement prior to entry.

APPLICATION & TENDER - Tenders are to be submitted on the approved form and are to arrive no later than 12 noon on Wednesday 31st July 2024 at:

Sam Hunkin BSc (Hons) MRICS
Savills (UK) Ltd, 73 Lemon Street, Truro, TR1 2PN - Or emailed to sam.hunkin@savills.com

After receiving tenders a shortlist of applicants will be drawn up and all applicants informed whether or not their names are shortlisted. It is proposed that interviews be held in the middle of August and the successful applicant notified in late August 2024.
The shortlisted applicants may be visited on their present holding by the Landlord's agent on a date to be determined, following which reference will be taken up as necessary and a decision will then be made as to the successful applicant. The applicants will be informed of the decision as soon as possible and will then be required to sign the tenancy agreement within 14 days of acceptance.

VAT - No VAT is currently payable on the rent but the Landlord reserves the right to charge VAT should the option to tax be elected.

COSTS - The ingoing tenant will contribute £500+ VAT towards the Landlord's cost of drafting the tenancy agreement (per lot).



Viewing

Parts of this land are hazardous with exposed historic ground workings. Access and viewings may only be arranged by prior appointment through the Agent:

Sam Hunkin/Sophie Goodwin
Savills UK Ltd
73 Lemon Street, Truro, TR1 2PN
01872 243253
Sam.hunkin@savills.com - Sophie.goodwin@savills.com