House For Sale Warwick Road, Coventry, CV8

£2,350,000

1 of 6
  • Description
  • Street View
  • Maps
Last Updated: 26th March 2024

Description

An exciting opportunity to purchase approximately 194.27 acres of productive arable land, available as a whole

Location - The land has short road frontage and an existing gated access off Rouncil Lane, about 2 miles east of Kenilworth. The village of Beausale is 1.5 miles to the west. Royal Leamington Spa is approximately 7 miles to the southeast and Warwick is approximately 5 miles to the south. The A46 is approximately 3 miles to the east.

Description - The land comprises an extensive ring-fenced block of productive arable land extending to 194.27 acres (78.62 hectares) or thereabouts. The land is Grade 3 and according to the Soil Survey of England and Wales, the soils are of the Hodnet and Rivington 1 soil types which are both loamy soils.

There is a mobile phone mast and associated electricity cabinet on the land and the seller wishes to retain the freehold ownership of these.

Countryside Stewardship - The land has been in Higher Level Stewardship schemes since the year 2000 and is currently in a Higher-Level Stewardship scheme which expires on 31st October
2028. Further details are available upon request.

The seller will be planting approximately one acre in field SP2671 9303 with a pollen and nectar seed mix in Spring 2024.

The seller will arrange to terminate the agreement if the buyer does not wish to take it on.

Services - We understand that the land does not benefit from any mains services. Buyers are to make their own enquiries as to connectivity.

Overage Clause - The four fields shaded blue on the plan will be sold with an overage clause to reserve 30% of any uplift in value attributed to any change of use or planning permission for a period of 30 years. For the avoidance of doubt, the overage will not be triggered by any agricultural, equestrian or forestry use.

Easement, Wayleaves & Rights Of Way - The buyer will be granted a right of way over the track shown in blue on the plan. The land benefits from an existing right of way from the B4103, shown in purple on the plan.

The seller and the mobile phone mast operator will reserve a right of way to access the mast site over the track shown in yellow on the plan. There are four public footpaths which cross the land as shown in green on the plan.

Sporting & Mineral Rights - The sporting and mineral rights are to be included within the sale.

Method Of Sale - The land will be sold via private treaty.

Holdover - The land is currently in crop and the seller retains the right to harvest this crop in 2024.

Fencing - The seller will erect a suitable stockproof fence along the south side of the track between points A and B on the plan within two years of the date of the sale.

Viewing - Strictly by appointment only. Please contact James Collier or Susannah Leedham on 01827-721380 or via email:
james.
susannah.

Local Authority - Warwick District Council

Plan, Area & Description - The plan, area and description are believed to be correct in every way, but no claim will be entertained by the Vendor or their Agents in respect of any error, omissions or misdescriptions.
The plan is for identification purposes only and is not to scale.

Anti-Money Laundering - Under the Money Laundering Directive (S12017/692) we are required to take full identification (e.g. photo ID and recent utility bill as proof of address) from a potential buyer before accepting an offer on the property. Please be aware of this and have the information available.

What3words - chill.fonts.ozone
Agent Details
Howkins & Harrison LLP
15 Market Street Atherstone CV9 1ET

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested