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A WELL ACCESSED AND USEFUL BLOCK OF MIXED GRASSLAND

Under Offer
Property Details

EH46 7BE

Commercial
Under Offer
Description

CLOSING DATE SET FOR THURSDAY 5th NOVEMBER 2020. A WELL ACCESSED AND USEFUL BLOCK OF MIXED GRASSLAND

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The land comprises a block of approximately 21.66 Ha (53.54 acres) of mixed grassland, divided into two blocks (north and south) and comprising: temporary grassland of approximately 4.96 Ha (12.26 acres); improved permanent pasture of approximately 1.14 Ha (2.81 acres) and mixed permanent pasture / rough grazing of approximately 15.56 Ha (38.47 acres). At the northern end, part of the land forming the current grazing block is not included and will be fenced off. This area also includes a small agricultural shed, which is excluded from the sale. The land is divided by the Lead Burn, which flows centrally through from south to north and provides for stock drinking water.

LOCATION

The land is located at Leadburn, which is approximately 13 miles south of Edinburgh and 3 miles south of Penicuik, on the southern boundary of Midlothian.

DIRECTIONS

The main access gate is located off the A6094, approximately 1.5 miles south of the village of Howgate, or on the left-hand side travelling north from the Leadburn junction, just south of Roseview Steading. The postcode for satnav purposes is EH46 7BE. Travelling south from Penicuik, a shared access gate is located on the left-hand side of the A701, approximately 2.3 miles after leaving Penicuik, with a further access gate to the south of this, adjacent to the entrance to “Annsmill”.

LAND USE CLASSIFICATION

The land is identified by the James Hutton Institute as Grade 3 for agricultural use and Class F5 for forestry use.

ACCESS

There is good access from a number of gates onto the public roads adjoining, along with an access track leading through the land and crossing the Lead Burn. The north access off the A701 will be shared with the access to the retained land.

SERVICES

There are currently no services to the land.

INTEGRATED ADMINISTRATION AND CONTROL SYSTEM (IACS)

All of the land is registered for IACS purposes. There is no Basic Payment Scheme (BPS) entitlement, however, the land would qualify for Region 1 Entitlement. All of the land is also subject to Less Favoured Area (LFA) status.

TENURE

The land is offered on a Heritable title basis (part of Title Number MID38291), with vacant possession, which will be granted on completion. The current grazier is occupying the land on a Seasonal Grazing Agreement, which terminates on 23 March 2021, or sooner, with the Landlord having given one month’s notice.

THIRD PARTY RIGHTS AND SERVITUDES

The land is sold together with and subject to all existing rights of way, servitudes, wayleaves, and others, whether contained in the Title Deeds or otherwise and purchasers will be deemed to have satisfied themselves in all such respects. The land is crossed by a gas distribution pipeline. An electricity line crosses the land. There are no annual wayleave payments received in connection with the electricity line and the wayleave is understood to have been commuted in the past.

A right of access along the existing internal access track from the A6094; crossing the Lead Burn; to the land to be retained to the north west, will be retained by the seller.

DEVELOPMENT CLAWBACK

In the event of planning permission being granted for any additional development or higher value change of use, on any part of the land, or any subsequent parts of the land, other than for woodland planting, the sellers will retain a right to seek an uplift payment. The basic terms of the “clawback” will be a payment of 40% of any uplift in value and the “clawback” will be applicable over a period of 25 years from the date of sale. The sellers will secure the “clawback” arrangements by way of a standard security over the whole of the land.

ENVIRONMENTAL MATTERS

None of the land is subject to any Environmental Schemes. There are no Environmental Designations or Scheduled Ancient Monuments.

MINERAL RIGHTS

The mineral rights are not held within the seller’s title and as such are excluded from the sale.

SPORTING RIGHTS

Insofar as these rights form part of the seller’s title, they are included within the sale.

VIEWINGS AND FURTHER INFORMATION

For further information or to arrange an appointment to view please contact Walker Scott Ireland Ltd. Viewing is strictly by appointment. Interested parties are advised to note interest with Walker Scott Ireland Ltd in order to be kept informed of any closing date that is set. Please note, our client need not accept the highest offer, nor indeed any offer. To comply with current Anti-Money Laundering Regulations, any offer presented must be accompanied with Notarised/ certified photographic evidence of the purchaser’s source of funding; identity; and separate evidence of the purchaser’s residential address, or the offering parties must attend our offices with the original documents, before any acceptance of the offer can be confirmed and the property put “Under Offer”.

Property Features
  • Land is 53.54 acres
Commercial
Map

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Contact Us

Walker Scott Ireland Ltd.
82 High Street,
Peebles,
Scottish Borders
EH45 8SW
Tel: 01721 721669
Email: enquiries@walkerscottireland.com
Company Number SC500115
Regulated by RICS
 

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