Land for sale

*BEST OFFERS ARE INVITED BY 12 NOON TUESDAY 25TH JUNE 2024*

A significant investment opportunity to acquire a strategically positioned let farm.

Description

The sale of Home Farm is a significant and exciting investment opportunity to purchase a 193 acre let farm with a range of agricultural buildings, including an assortment of dilapidated traditional buildings.

Situated between Crawley, Crawley Down and Copthorne and within 7.2 miles of Gatwick, the farm is located in a strategically favoured position, in close proximity to the proposed Crabbet Park new village to the west and adjoining Copthorne Golf Club to the north.

The farm lies outside any statutory designated areas and outside the Green Belt (non-statutory).

The farm is currently occupied by a tenant under written agreement governed by the Agricultural Holding Act 1986.

The Land

The land extends to circa 170 acres and is predominantly a mixture of permanent pasture and arable land.

The majority of the land is classified as Grade 3 under the Agricultural Land Classification, described as free draining loamy soils.

There is approximately 15.59 acres of woodland, the majority of which lies of the northern boundary of the farm and forms southernmost area of Kings Wood, an area of Ancient Woodland.

The Buildings

The agricultural buildings are a mixture of steel framed buildings and a significant range of dilapidated traditional brick built buildings.

The traditional buildings are in a mixed state of repair, many of which are in need of significant restoration but have potential for alternative uses subject to necessary planning consents and by negotiation with the tenant.

The modern steel framed barn, in the middle of the farmyard is a tenant’s fixture.

A block plan can be found in the brochure.

Tenancy

Home Farm is let under an Agricultural Holdings Act Tenancy. The tenancy commenced in 1991. The principal tenancy terms are as follows:

• Rent payable quarterly in advance.
• Detailed reservations to the landlord, including mineral rights, timber, sporting, wayleaves and water.
• The lease has shared repairing responsibilities by reference to the ‘Model Clauses’ which splits obligations.
• Tenant not permitted to assign, underlet or part with possession of the farm or any part.

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

Tenure and Possession
The farm is sold subject to an Agricultural Holdings Act Tenancy.

Local Authorities
Mid Sussex District Council[use Contact Agent Button]) West Sussex County Council[use Contact Agent Button])
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 farm buildings.

Planning
Prospective purchasers will need to make their own enquiries of the relevant Local Authorities with regard to the prospect of conversions and alternative uses.

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 will be provided by the vendors’ 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.

A public footpath and a private right of way run along the drive/track to the north of the farmyard heading west. The private right of way gives access to the residential dwellings to the west of the farm.

A further public footpath briefly enters a small section of woodland to the north west of the farm.

Overage: The farmland is being sold with overage. Should planning permission be granted on the property, the vendor will retain the right to receive 25% of the uplift in value for a period of 25 years, subject to the level of offer(s) received. The farm buildings will not be included in the provision for overage.

Location

Home farm is situated to the north of Wallage Lane. The village of Crawley Down lies about 2 miles to the east and has a range of local amenities such as shops, post office, pharmacy, doctor’s surgery and a dentist.

The larger town of Crawley provides more comprehensive shopping and is approximately 5 miles to the west. The village of Copthorne is about 4 miles to the north and the towns of East Grinstead (approx. 7 miles), Haywards Heath (approx. 11 miles) and Horsham (approx. 14 miles) are also easily accessible.

Despite the semi-rural position, the farm is conveniently located within excellent reach of transport links. Gatwick Airport is about 7 miles and Three Bridges Station (approx. 4 miles) with regular services to London Bridge and London Victoria from 35 minutes.

Old Hollow joins the A264 to the north, which joins the M23 and links to the M25 London orbital motorway and thereby to the national motorway network, Heathrow and Gatwick airports and the Channel Tunnel terminus.




Acreage: 192.81 Acres

Directions

From the M23 J10 take the A264 exit to East Grinstead. Turning left on to Copthorne Way, at the second roundabout take the fourth exit on to Copthorne Road A2220. Take the next left turn left into Old Hollow, and at the end of the road turn sharp left onto Turners Hill Road. After 0.8 miles turn onto Wallage Lane, continue for a further 0.7 miles and turn left onto the private road, signposted Kingswood Cottage/Hill House. Continue along the private road for 0.2miles and fork left and the farmyard can be found on your left after a further 0.3 miles.

Postcode: RH10 4NH

What3words: ///farmer.directs.geese (best for directions)