10.24 Acres or thereabouts of permanent grassland suitable for agricultural/amenity purposes. The land is adjoining the southern edge of the village. For Sale by Private Treaty. Best and Final offers by 3pm Friday 12th July 2019.
Tenure : Freehold
Description
The land comprises a single parcel of permanent grassland extending to approximately 10.24 acres (4.14 hectares) and occupies an excellent location to the south of Bainton village. The land is enclosed by mature hedgerows and fencing and has the benefit of a mains water supply.
Location & Access
Road frontage along the eastern boundary and a gated access on to Main Street/ A614 which leads immediately west into Etton village or 0.3 miles east to the B1248 Beverley road.
Method of Sale
The property is for sale as a whole by Private Treaty. Interested parties should register their interest with Dee Atkinson and Harrison to be kept informed as to how the sale will be concluded. The Vendor reserves the right to complete a sale by any other means at their discretion.
Tenure & Possession
The land is for sale freehold with vacant possession available upon completion.
Basic Payment Scheme
It is understood that the land has been registered for the Basic Payment Scheme (BPS). No BPS entitlements are included in the sale but may be available by separate negotiation.
Sporting and Mineral Rights
The sporting rights, mining and mineral rights are in hand and included in the sale.
Nitrate Vulnerable Zone
The land is included within a Nitrate Vulnerable Zone.
Services
Mains water is connected to the land.
Ingoing Valuation
There will be no ingoing valuation.
Overage Provision
The land will be sold subject to an overage clause whereby the Vendor or their Successors in Title will receive 30% of any uplift in value arising as a result of obtaining any planning consent for a change of use other than agriculture, horticulture or equestrian use for a period of 30 years from the completion of contracts.
Public Rights of Way, Easements & Wayleaves
The land is sold with the benefit of all the accustomed or granted rights of way, water, support, drainage, electricity supplies, light, or other easements, or quasi easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicated in these particulars or not and without any obligations to define the same respectively. It is understood that a wayleave agreement exists in favour of Northen Power Grid
Plans, Areas and Schedules
The plans provided in these sales particulars and the areas stated are for guidance only and are subject to verification with the title deeds.
Contaminated Land
The Vendor is not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Vendor does not give any guarantee in this respect and advises the Purchaser(s) to make such enquiries and investigations, which may be necessary to satisfy themselves that none of this land is so filled.
VAT
In the event that the sale of the property or any part of it or any right attached to it becomes chargeable for the purposes of VAT, such tax will be payable in addition to the purchase price.
Viewing
Viewing of the land can be arranged strictly by prior appointment with Dee Atkinson and Harrison. Please telephone 01377 253151.
Further Information
For further information, please contact: Davina Fillingham BSc (Hons) MRICS FAAV. Tel: 01377 253151. Email: davina@dee-atkinson-harrison.co.uk
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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