IvychurchRomney Marsh, Kent, TN29 0AZ

Description

The sale of Moat and Squires Farms offers a significant and exciting investment opportunity to purchase a let farm on the Romney Marsh, in an area where such opportunities rarely come to the market.

Situated between the villages of Ivychurch and Newchurch, the land extends to 308.71 acres, in total and is split into two separate parcels.

The farms are currently occupied by a tenant, under a written agreement governed by the Agricultural Holding Act 1986.

The Land

The land extends to circa 308.71 acres, in total and is predominantly highly productive arable land, classified as a mixture of Grade 1 & 2 under the Agricultural Land Classification.

The land comprises two separate parcels:

Moat Farm - 192.92 acres of arable land, situated to the north of Ivychurch.

The land sits in two parcels either side of the unnamed road hich leads from the A2070 into Ivychurch. The parcel to the north east of the road is accessed via Newchurch Lane and the parcel to the south west is accessed via Moor Lane.

Squires Farm - 112.86 acres of arable land, located to the south of the village of Newchurch and accessed off Norwood Lane.

Farm Buildings

Situated to the east of the Squires Farmhouse, there is a small grain store, which is in included in the sale and benefits from access off Norwood Lane and a large concrete yard. The other barn is a tenant's fixture.

Squires Farmhouse

The farmhouse is situated off Norwood Lane, set back from the lane and away from other dwellings. On the ground floor there are two good sized reception rooms, a kitchen, downstairs bathroom and a utility room. On the first floor there are three good sized double bedrooms.

The farmhouse was subject to refurbishment circa two years ago, which included the installation of a new kitchen and bathroom, and benefits from front, side and rear gardens and a carriage driveway, providing ample parking.

Tenancy
Moat and Squires Farms are let under an Agricultural Holdings Act Tenancy. The principal tenancy terms are as follows:
• Rent payable half yearly in arrears.
• Detailed reservations to the landlord, including mineral rights, timber, sporting, wayleaves and water.
• Tenant liable for repairs.
• Tenant not permitted to assign, underlet, part with possession or share the occupation of the Holding.
• The tenant may permit the occupation of the cottage and gardens by a person employed regularly on the Holding but only if such occupation shall be as a service occupant and not as tenant.
• Resumption clause in favour of the landlord for non agricultural use to resume any part or parts of the farm.

General Remarks

Method of Sale
The property is offered for sale by private treaty as a whole.

Tenure and Possession
The farms are sold subject to an Agricultural Holdings Act Tenancy.

Local Authorities
Folkestone & Hythe District Council (01303 853000)
Kent County Council (03000 41 41 41)

Minerals, Sporting and Timber Rights
The minerals, sporting and timber rights, so far as they are owned are included in the sale and are reserved by the landlord.

Services
Mains electricity and water to the farmhouse, OFCH and Private drainage.

Outgoings (payable by the tenant)
Council Tax (Squires Farmhouse) Band E.
Agricultural Drainage Rates to the Romney Marshes Area IDB.

Basic Payment Scheme (BPS)
For the avoidance of doubt, no BPS entitlements will be included in the sale.

VAT
In the event that the sale of the property, or part of it or any right attached to it, becomes chargeable for the purposes of VAT, such tax will be payable by the purchaser in addition to the consideration.

Fixtures and Fittings
All items normally designated as tenants' fixtures and fittings are excluded from the sale. Purchasers should be aware that because parts of the property are currently let there may be
fixtures and fitting shown in photographs which are the property of the tenant. The inclusion of such fixtures and fittings within photographs does not constitute these items being offered for sale.

Clarification on any specific items can be provided by the vendor's agents at the appropriate time.

Easements, Covenants, Rights of Way and Restrictions
The property is sold subject to and with the benefit of all rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights and obligations, easements and quasi easements and restrictive covenants and all existing and proposed wayleaves, masts, pylons, stays, cables, drains and water, gas and other pipe whether referred to in the particulars or not.