Drinkstone Road, Beyton IP30

Drinkstone Road, Beyton IP30

206.1 acres (83.4 hectares)

Asking price £2,210,000
Thurston 1.7 miles
Elmswell 3.2 miles
Business Park 1.9 miles

A block of 206.14 acres (83.42 ha) of arable farmland, pasture land and woodland.

The property is offered to the market in five lots or as a whole

A block of 206.14 acres (83.42 ha) of arable farmland, pasture land and woodland.

The farmland is located on the outskirts of Beyton village. The town of Bury St Edmunds is close by (six miles to the west) there is easy wider road network access via the A14 trunk road and local rail connections, whilst there is a direct main line rail connection at Stowmarket to London Liverpool Street.

LOCATION
The land is located off Drinkstone Road, Tostock Road and Cangles Lane, all to the south-east of the village of Beyton and south of the A14 Junction 46.

PROPERTY
The property extends to approximately 206.14 acres (83.42 ha) made up of four arable blocks with areas of woodland on the margin and one field of permanent pasture running alongside a brook, this parcel includes a small building. The property enjoys good road frontage and access as well as internal track infrastructure.
The property has been farmed under a contract farming arrangement for a number of years and provides a number of potential opportunities for alternative uses subject to planning given its location close to the village and the A14. Limited investigations have been made into the site’s potential for a solar scheme with more information provided below.

The property is offered to the market in five lots or as a whole.

LOT 1
122.29 acres (49.49 ha) of Grade 3 arable land set out in good size fields divided by ditches and hedgerows. The land is accessed directly off both Drinkstone & Woolpit/Tostock Roads.

LOT 2
44.62 acres (18.06 ha) of Grade 2 arable land set out in two fields divided by ditches and hedgerows. The land is accessed directly from Cangles Lane..

LOT 3
18.3 acres (7.41 ha) of Grade 2/3 arable land in one open field with two small areas of woodland. The land is accessed directly off the junction of Drinkstone Road & Cangles Lane.

LOT 4
9.85 (3.98 ha) of Grade 2/3 amenity pasture land with a brook running through the land with a small dilapidated timber building. The land is accessed off Cangles Lane.

LOT 5
11.08 acres (4.48 ha) Grade 2 arable field with a small area of woodland. The land is accessed off Cangles Lane.

METHOD OF SALE
The property is offered for sale by private treaty
either in lots or as a whole, as identified on the
sale plan.

TENURE & POSSESSION
The property is offered freehold with vacant
possession upon completion. There is a
cropping licence in place for trial plots which
runs until 30th September 2021 and a Farm
Business Tenancy across the pasture land which
runs until 30th September 2021. Further details
available from the agent.

BASIC PAYMENT SCHEME
The land is registered with the Rural Payments
Agency for the Basic Payment Scheme.
These entitlements are available to purchase
by separate negotiation.
Further details on the number of entitlements
are available from the Agents.
The vendor will retain the 2021 Basic Payment
Claim. There is to be no retention of the sale
price for entitlements.

ENVIRONMENTAL SCHEMES
The property is subject to a Countryside
Stewardship Agreement running from
01/01/2019 until 31/12/2023, further details
are available from the selling agent.

OVERAGE
An overage agreement to capture a
percentage of any development uplift will be
included in the sale for a period of 35 years
at a rate of 35%. More details are available
from the Agent.

DRAINAGE
Environment Agency standard drainage rates
are applicable to the land. In 2020 the cost of
these was £185.

ENERGY POTENTIAL
A quote has been received (June 2021) from
UK Power Networks confirming that a Flexible
connection for a 10MW or 20MW export solar
scheme would attract a budget estimate for
connection works of £3,394,000 excluding VAT.
This is made up of £578,000 non contestable
and £2,816,000 of contestable works with a
potential curtailment factor above 20%. Further
information is available from the agents.

WAYLEAVES EASEMENTS &
RIGHTS OF WAY
The land is sold subject to and with the benefit of
all existing wayleaves, easements, covenants and
rights of way whether or not disclosed.

HEALTH & SAFETY
Potential purchasers are requested to take
particular care when inspecting the land,
wearing appropriate footwear for uneven
terrain and potentially slippery surfaces and
being aware of farm machinery operations
which may be occurring on the land at the
time of inspection.

VAT
The Vendor has not opted to tax (VAT) in
respect of this property asset and therefore
no VAT will be charged on the freehold sale.

SPORTING TIMBER & MINERAL
RIGHTS
All sporting, timber and mineral rights
available will be included in the sale.

VIEWINGS
Viewings are strictly by appointment with
the Agent. Particulars produced June 2021,
Photographs May 2021.

VENDORS SOLICITORS
Ashtons Legal
Tel: 01284 727012
Email: jonathan.long@ashtonslegal.co.uk

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

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Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Their wholesale interest rates can be lower than retail (bank branch) interest rates
  • They offer more loan options because they work with numerous banks and lenders
  • They can finance tricky deals because of their knowledge and various lending partners
  • They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

  • You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
  • You may already know the banker who will handle your mortgage
  • Banks may be more accountable than a smaller shop
  • They may offer lower interest rates in some cases
  • Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

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Key property details
Locality
Rural
Property type
Land Farm
Total land
206.1 acres (83.4 hectares)
Carter Jonas reference
CBR210025
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