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For sale by informal tender

For sale by INFORMAL TENDER
About 1.57 acres (0.63ha)
Closing date for Tender 12 noon on Friday 14 September 2007

Location and Directions
Manor Farm is located just off the Tostock Road opposite the delightful Village Green in the popular and sought after village of Beyton about five miles east of Bury St. Edmunds.

Beyton is situated on the south side of the A14 Bury St Edmunds to Ipswich road and is accessed from junction 46. A mainline station at Bury St Edmunds provides regular services to Peterborough, Cambridge, Ipswich and London.

The Site
The site occupies an excellent location near the centre of the village, accessed from the public highway adjacent to the Village Green and extends to about 1.57 acres (0.63ha) as shown edged red on the Sale Plan. Currently the site is occupied by a number of old farm buildings.

Planning
Full planning consent was granted by Mid Suffolk District Council under reference 1270/05/FUL dated 8th March 2006 for the retention of Manor Farmhouse and erection of 10 dwellings with garages, subject to conditions.

The approved scheme provides for an estate style development off a shared driveway with a mixture of single, two and three storey dwellings. The two single storey dwellings offer two bedrooms and the remaining houses all have four bedrooms. The approximate sizes are as follows (gross external)

Plots 1 & 2	Single storey	1100 sq.ft.	(102 sq.m.)
Plots 3 & 6	Three storey	2350 sq.ft.	(218 sq.m.)
Plot 4	Two storey	2100 sq.ft.	(195 sq.m.)
Plots 5, 7 & 10	Two storey	2050 sq.ft.	(190 sq.m.)
Plot 8	Two storey	1875 sq.ft.	(174 sq.m.)
Plot 9	Two storey	2800 sq.ft.	(260 sq.m.)

These areas exclude loft spaces and garages.

Further details and copies of the approved plans are available from the Agents.

A Planning Agreement pursuant to Section 106 of the Town and Country Planning Act has been entered into in relation to this property. A copy is available from the Agents. The Agreement inter alia requires the Developer to pay a Local Recreation Facility sum of £21,000 (twenty-one thousand pounds) within 10 days of a Material Operation being carried out on the site.

Sales Pack
A Sales Pack is available from the Agents and provides copies of:

1. The approved plans and site layout
2. Planning Agreement dated 2 February 2006
3. Planning Permission dated 8 March 2006
4. EDF Energy Transco plc and Anglian Water plans
5. Summary of the Geoenvironmental Land Quality Assessment and Asbestos Survey

Manor Farmhouse
The Farmhouse is situated at the entrance to the site and comprises a modern two storey house built in 1979/80 of brick under a tiled roof with well maintained accommodation of:

Ground Floor
Covered Porch
Entrance Hall stairs to first floor
Sitting Room with fireplace
Dining Room with patio doors
Kitchen with range of fitted cupboards
Utility Room
Inner Hall with boiler room and WC off
Office

First Floor
Landing
Four Bedrooms
Bathroom
Separate WC
Large airing cupboard

In all about 2200 sq.ft. gross (204 sq.m.)

Services
A main supply of water and electricity is connected to the existing buildings. The farmhouse is connected to the main sewer. The gas main, main sewer and water main are located under or to the side of the road fronting the site (plans available).

Easements, Reservations, Rights of Way
The property is sold subject to and with the benefit of all rights, easements and reservations that may exist or affect the property.

Geo-environmental Land Quality Assessment and Asbestos Survey
A report has been obtained from WISER, Environmental Consultants. A copy of this report is available for inspection at the Agents office.

Tenure and Possession
The property is offered for sale freehold with vacant possession upon completion. Exchange of contracts shall be 28 days after receipt of the draft contract with completion 28 days thereafter.

Method of Sale
The property is owned by Rumbeynor Limited, a private company. Potential purchasers are invited to acquire the whole of the share capital of the company, the purchase price for the company shares to reflect the open market value of the farmhouse and development site. Trading assets will be removed from the company prior to completion.

Persons wishing to offer for the Property may do so by completing the Form of Offer attached to these sale particulars to be received at the offices of CHEFFINS, CLIFTON HOUSE, 1-2 CLIFTON ROAD, CAMBRIDGE CB1 7EA NO LATER THAN 12 NOON ON FRIDAY 14 SEPTEMBER 2007

OFFERS are made subject to the following conditions:

1. The offer must be for a fixed sum expressed in pounds sterling. No escalating bid or any offer calculated by reference to other offers will be considered.
2. To reduce the possibility of there being two identical offers, the offer should be for an uneven amount.
3. You should state whether your offer is for cash or whether it is dependent upon borrowed finance or the sale of any other property, and confirm that you would be in a position to exchange contracts within 28 days of the receipt of the draft contract by your Solicitors and to complete the sale within 28 days thereafter.
4. If you are submitting an offer on behalf of another party, you should state the name and address of that party and you should confirm your authority to act as agent and give the name of the party who will sign the contract.
5. You should state the name and address of the Solicitor who will act on your behalf in the event that your offer is accepted.
6. Offers are invited subject to contract.
7. Financial references may be taken prior to acceptance of any offer and it would be helpful if you could indicate details of bank, accountant or similar party who can provide such confirmation.
8. The Vendors reserve the right not to accept the highest offer or any offer at all.
9. So that your offer