About this property

Detailed Description

INTRODUCTION & LOCATION
The land at Smear Farm, extends to approximately 25.85 hectares (63.88 acres) in total and presents purchasers with the opportunity to acquire an attractive block of arable land for agricultural, environmental, amenity or investment purposes. The land is situated on the edge of the village of Reydon, with road frontage and access from both the Lowestoft Road (B1127), Rissemere Lane East and Smear Lane East. The land is approximately 1 mile from the popular seaside town of Southwold.

DESCRIPTION
The land at Smear Farm comprises a single block of arable land divided into four parcels, bordered by well established and well maintained hedges. The land adjoins the settlement of Reydon being directly adjacent Fountain Way Industrial park. The land is located within an Area of Outstanding Natural Beauty and is being managed with a wholly environmental focus, complimenting the nearby Nature Reserve and SSSI site to the north. The land is included within a 5-year Countryside Stewardship Scheme which commenced on the 1st January 2022. This will produce an annual income of circa £17,896 for the remainder of the agreement. If a purchaser intends to manage the property in a different way they are invited to discuss their requirements with us.

The land is identified as Grade 4 by the Provisional Agricultural Land Classification and listed in the Soil Survey of England & Wales as Newport 4 Soil Series, being a deep well drained sandy soil.

NOTE: There is an open boundary to the south east corner of parcel 5806.

TOWN & COUNTRY PLANNING
The purchaser/s will be deemed to have full knowledge and have satisfied themselves as to any planning matters that may affect the property.

The property has been identified within the National Grid LionLink project documents as being on the potential cable route if the Reydon marshes landfall site is used. The LionLink subsea electricity interconnector cable is a project being developed to bring power from the Netherlands to a proposed converter station at Saxmundham, where it will join the National Grid. The project is going through its non-statutory consultation phase prior to the Statutory Consultation phase that will form part of the Development Consent Order (DCO) application, estimated to be submitted in 2025.

COUNTRYSIDE STEWARDSHIP AGREEMENT
The land is sold subject to the Countryside Stewardship Agreement (Agreement No: 1366943) with an agreement end date of 31/12/2026. The vendor will retain the 2024 payment in full. The purchaser will be obligated to take on the obligations of the scheme from completion and indemnify the vendors for any losses arising through non-compliance.

AGENT'S NOTE
The property is sold subject to an overage for 30-years at 10% of the increase in the site value due to a planning permission for development, or a later revised or varied planning permission which increases the value.

The value will be assessed at the date of planning permission and payable on commencement of the development, allowing the costs of obtaining the permission(s) as a deduction. The Base Value will be reassessed at the date of each trigger event.

VIEWING
During daylight hours with a copy of the sale particulars in hand, having formerly agreed the time and day with the selling agents