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Lot 7 - 57 acres of arable land at Haverhill Road, Stapleford, Cambs

Details:

• Single parcel of Grade 2 arable land
• Currently occupied on a 1 year Farm Business Tenancy
• Conveniently located 2 miles south of Cambridge City

Description: A single parcel of land extending to approx 57 acres (23 ha) located approx 2 miles south of the University City of Cambridge.

The land is classified as Grade 2 and of the Swaffham Prior soil series, being well drained calcareous loamy soil suitable for cereals, sugar beet and potatoes. The land is currently farmed on an arable rotation by a local contractor.

Access to the land is via a right of way across a farm track from the Haverhill Road.

Location: The land is situated to the east of the village of Stapleford and adjoins the Magog Down.

The land is well located for access to Cambridge City (2 miles) and the A11/M11 road networks.

Tenure: The land is currently occupied on a 1 year Farm Business Tenancy which commenced 1st September 2007. The rent payable is £3,300 per annum payable half yearly in arrears. The farming operations are carried out under a Contract Farming Agreement which is due to terminate after the 2008 harvest.

Single farm payments: The land is registered for Single Farm Payments with the Rural Payments Agency and the tenancy agreement requires the landlord to purchase the entitlements from the tenant on the termination of the tenancy for £5,500 plus VAT (subject to RPA approval).

Normal 19.95 - (2006 value €329.71)
Set Aside 3.03 - (2006 value € 45.92)

Legal Pack: Hewitsons Solicitors, 53 High Street, Saffron Walden, Essex, CB10 1AR Tel 01799 522471 Ref DH

Viewing: ATTEND THE SITE AT ANY REASONABLE TIME WITH AN AUCTION CATALOGUE

Result: £294000