Commercial Property for sale

An opportunity to acquire a block of attractive pasture land on the edge of the village of Richards Castle.
Approximately 61.72 acres (24.98 ha) in total
For sale as a whole or in two lots
Lot 1: 39.43 acres (15.98 ha) pasture - Guide Price £470,000.
Lot 2: 22.29 acres (9.02 ha) pasture Guide price £265,000.
Guide Price for the whole £735,000
Ludlow 5 miles, Leominster 7 miles, Hereford 20 miles
Situation
Land at Court House Farm is located on the edge of the village of Richards Castle, with direct access onto the B4361 between Ludlow and Leominster.
Lot 1: 39.43 acres (15.98 ha) pasture land.
An attractive block of Grade 2 and 3 pasture land. Part of this block has been cultivated in the past and advice from Natural England in 2016 relating to whether an Environmental Impact Assessment was needed to bring the land back into arable production was that provided your client has evidence for the annual fertiliser applications …. and they are sure the land is not a semi-natural area as set out in the guidance then they would be free to proceed.. It has direct gated access from the B4361 to the south of Richards Castle.
Lot 2: 22.29 acres (9.02 ha) pasture land
A block of Grade 3 pasture land, adjacent to Richards Castle village. Access to the land from the highway is through Court House Farm yard, shown in brown on the plan. Please note if the property is bought as a whole then this right of access will not be granted and access will only be from the B4361.
There is a hard track through the middle of the land giving good access to each field. The sellers will reserve a right of way on foot over this track.
Services
There is a shared mains water connection to both lots. A submeter will be installed so that each party pays for their own water usage. Interested parties should rely on their own enquiries as to the suitability and location of any service connections.
Wayleaves, Easements and Rights of Way
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 for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not. Several public footpaths cross the property.
Stewardship Schemes
The land is not entered into any Countryside Stewardship or Sustainable Farming Incentive agreements.
Occupation
The property is offered for sale freehold. A grazier is in occupation of Lot 1 until 31 January 2025.
Sporting, timber and mineral rights
All mineral, timber and sporting rights are
included in the freehold sale, in so far as they are owned.
VAT
Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property, or any part of it, or any right attached to it, becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition.
Method of Sale
The property is offered for sale as whole, or in two lots, by formal tender. Tenders are to be submitted no later than 12 noon on 28 February 2025. For any enquiries of a legal nature please contact the solicitors.
Agent's note
Lot 2 will be subject to a restrictive covenant restricting the use to agricultural, equestrian or horticultural use. The property is offered for sale free of any overage clauses.
What 3 Words
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Health and safety
Given the potential hazards of a working farm, we ask you to be vigilant as possible when making your inspection for your own personal safety.
Viewing
The land may be viewed at any time during daylight hours in possession of a set of these particulars. All viewing is undertaken at your own risk.