Property · NG21 0LT
For saleListed 248 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two adjoining parcels of grassland extending to 43.19 acres (17.48 hectares) with access off Cross Lane.
Agricultural Land - Two adjoining parcels of grassland extending to 43.19 acres (17.48 hectares) with access off Cross Lane. The land is shaded pink on the attached plan.
Please note that the wind turbine and access road are excluded from the sale.
The Soil Survey for England and Wales identifies the soils as belonging to the Cuckney Soil Association which are described as being well drained sandy soils and coarse loamy soils over sandstone.
The land has all previously been included within an arable rotation with carrots and parsnips grown on a number of fields.
Tenure And Possession - Freehold with vacant possession on completion Environmental Stewardship - The land is not included within any Environmental Stewardship Schemes.
Sporting Timber And Mineral Rights - All sporting, timber and mineral rights are included in the sale insofar as they are owned by the seller.
Wayleaves, Easements, Covenants And Rights Of Way - The property is sold subject to and with the benefit of all existing wayleaves, easements, covenants and rights of way whether or not disclosed Vat - The land is not registered for VAT.
However, if the sale of the property or any rights attached to it is deemed to be a chargeable supply for the purposes of VAT, such tax shall be payable by the purchaser in addition to the sale price.
Exchange And Completion - The purchaser(s) will be expected to exchange contracts within 6 weeks of the purchaser’s solicitors receiving a draft contract.
Completion will be by agreement between parties.
Plans, Area And Schedules - Plans attached to these sales particulars are based on the Ordnance Survey and are produced for identification purposes only.
Local Authority - Newark and Sherwood District Council, Castle House, Great North Road, Newark, Nottinghamshire, NG24 1BY.
Viewings, Enquiries And Further Information - Viewings are strictly by appointment with the Joint Selling Agents.
For further information please contact Luke Saywell – Gascoines / or Edward Tabner – Cheffins 01353 654922 / As always, potential hazards exist on working farms and it is requested that all viewings are undertaken with care and regard to safety particularly with regard to areas in and around buildings.
Anti Money Laundering Regulations - Buyers will be required to provide proof of identity and address to the Selling Agents following acceptance of an offer (subject to contract) and prior to Solicitors being instructed.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
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Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Cross Lane, Blidworth, Mansfield
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