UKLAND&FARMS

For Sale - £850,000 - 167.52 acres, North Hykeham, Lincoln, Lincolnshire, LN6 9SP

Fisher German
Unit 2, Carolina Court, Lakeside Business Park, Doncaster, Nottinghamshire DN4 5RA

Tel:01302 243918
E-mail: doncasteragency@fishergerman.co.uk

167.52 acre site to the south west of Lincoln City Centre.

Description



A rare opportunity to acquire Apex Lake, a 167.52 acre site situated to the south west of Lincoln city centre.

Situation
The property is located on the southern outskirts of Lincoln within the town of North Hykeham. North Hykeham has a population of approximately 13,884 (2011 census) and benefits from a number of services and amenities including shops, Co-Operative store off Newark Road, a new primary school to the south and two secondary schools a short distance to the north east.

Description
The propertycomprises an attractive sailing and fishing lake, mixed deciduous woodland with glades and grassland. The site was formerly used for mineral extraction and has been restored to the current mixed leisure and amenity use.

The property is accessed off Newark Road where there is a right of access in to the property with an internal tarmac road providing access around the eastern and northern sections of the reservoir to the Hykeham Sailing Club House.

The property offers the opportunity for a return on investment through the agreements currently in place and has potential for further income and commercialisation of the leisure interests STP.

Size
The property extends to approximately 167.52 acres (67.79 ha) as edged red on the plan.

Rates
Not applicable.

Legal Costs
Each party will be responsible for their own legal costs.

Permitted Use
The property was until 2011 quarried, operations then moved to crushing and bagging materials from other sites which continued on the site until 2014.

Tenure
The property is held Freehold by the Vendor and is registered at Land Registry under Title Number LL319752, LL320456, LL382336, LL382349.

The property is subject to the following Agreements;

1      The Trustees of Hykeham Sailing Club (The Hykeham Sailing Club) The Lease is registered under Title: LL294396.

• (Demise) covers 1.21 Hectares with a right to use the reservoir (114.90 acres) for sailing and associated activities

• Term: 20 years from 25 September 2007 (expired on 24 September 2027)

• Passing Rent: £5,300.69 (equates to £46.13 / acre)

2    Hykeham Fishing Licence

• Right to fish from the Banks of the reservoir over 114.90 acres

• Term: 1 April 2024 to 31 March 2025 and there after year to year

• Passing Rent : £12,750 + VAT

3      Scout Association (15th Lincoln (1st North Hykeham) Scout Group. The Lease is registered under Title: LL343329.

• (Demise) covers a small area of land edged red within the Lease

• Term: 10 years from 15 September 2009 (expired on 14 September 2019) – subject to a renewal.

• Passing Rent was: a peppercorn

4.      Annual Garden Agreement
Property: Garden Land– 0.054acres
Term: 1 August 2024 to 31 July 2025
Passing Rent: £65 p.a.

5.    Annual Garden Agreement

• Property: Garden Land – 0.08 acres

• Term: 1 September 2023 to 31 August 2025

• Passing Rent: £100 p.a.

6. Garden Agreement

• Property: Garden Land – 0.20 acres

• Term: 1 October 2023 to 30 September 2025

• Passing Rent: £100 p.a.

EPC
Not Applicable

VAT
The vendor has not opted to tax under Value Added Tax. Should any part of the land or any right attached to it become a chargeable supply for the purposes of Value Added Tax (VAT), such tax will be payable by the Purchaser in addition to the Purchase Price.

Overage
The property is subject to an overage clause, whereby 50% of any increase in value of the property from the grant and implementation of planning permission for Residential or Commercial development over and above the existing use of the property. This would include any development which occurs under Permitted Development Rights. The term of this clause would be 25 years from the date of completion.

Sale overage
The sale will be subject to a 12-month disposal restriction whereby the purchaser covenants with the seller not to make any Disposal save for Permitted Disposals at any time during the Restricted Period without first procuring that the person to whom the Disposal is being made has executed a Deed of Covenant.

Restricted Period: means the period of 1 year starting on the date of this transfer and ending at midnight on the day immediately preceding the first anniversary of the date of this transfer.

Carbon/Biodiversity Offsetting
The property is sold with a restrictive covenant preventing the use of the Property for carbon/biodiversity offsetting without prior approval of Cemex.

Drinking Water
The property is sold with a restrictive covenant preventing the use of the property for abstraction of water for drinking purposes.

Minerals, Sporting & Timber Rights
The sporting and timber rights are included within the freehold of the property in as far as they are owned. The minerals at the property have already been worked and the remaining minerals are excluded from the freehold. The Vendor will retain no rights of working in respect of the minerals.

Local Authority
North Kesteven District Council

Anti-Money Laundering
The successful purchaser will be required to submit information to comply with Anti Money Laundering Regulations.

Services
It is understood that there are mains water, electric and private drainage to the site but any potential buyer will have to satisfy themselves in this regard.

None of the services, appliances, heating installations, broadband, plumbing or electrical systems have been tested by the selling agents.

Public Rights of Way, Easements and Wayleaves
The property is sold subject to and with the benefit of all easements, quasi easements, wayleaves and rights of way both declared and undeclared.

Plans and Boundaries
The plans within these particulars are based on Ordnance Survey data and provided for reference only. They are believed to be correct but accuracy is not guaranteed. The purchaser shall be deemed to have full knowledge of all boundaries and the extent of ownership. Neither the vendor nor the vendor's agents will be responsible for defining the boundaries or the ownership thereof.

Viewings
By strict appointment through the selling agents, Fisher German LLP.

Directions
Postcode – LN6 9LR

What3words ///blizzard.skid.oatmeal


Acreage: 167.52 Acres