Land At Kinross

Land At Kinross, Kinross, KY13 9JT

Offers Over £640,000

92.16 acres

  • Grade 3.1/32 quality arable land
  • Currently down to cereal crops and potatoes
  • Highly accessible location on the banks of Loch Leven

SITUATION The land at Kinross sits immediately to the south of the town of Kinross just of the B996. The city of Perth lies just 18 miles to the north and the city of Edinburgh 25 miles to the south. Kinross provides a range of daily amenities including shops and supermarkets, local retailers and a garage. Nearby fife is renowned for its productive and fertile lands capable of producing high yields of an extensive range of crops and the area is well suited to both arable cropping and livestock units. The local area is well served by a wide variety of agricultural contactors, merchants and suppliers with a successful local machinery ring which can provide additional farming resources if required. The livestock market at Stirling, about 25 miles west has regular sales.DESCRIPTION The land at Kinross comprises two large arable field extending to approximately 92.16 acres (37.30 Ha). The land is principally down to cereal crops with some also down to potatoes. The land is classified by the James Hutton institute as Grade 3.1 and 3.2 meaning it is suitable for a variety of crops. The land is gently sloping towards Loch Leven and enjoys a superb outlook. The land ranges from approximately 107 metres to 120 metres above sea level at its highest point and is made up of brown soils and mineral podzols that are naturally free draining. The fields are of a good practical size with good access. IACSAll the farmland is registered for IACS purposes and the farm code is 487/0024NITRATE VULNERABLE ZONE (NVZ)The land at is included within a Nitrate Vulnerable Zone.CLAWBACK PROVISIONThe land at Kinross shall be sold subject to a 20 year clawback provision in favour of the seller should planning permission be granted for the development on any part.BASIC PAYMENT SCHEME (BPS) 2024Basic Payment Entitlement was established on 15th May 2015. The Basic Payment Entitlements will be available for sale by separate negotiation. Further details of the Basic Payment Entitlement are available from the Selling Agent. Any payments relating to the 2024 scheme year will be retained by the Seller. If applicable, the purchaser(s) will be responsible upon occupation of the subjects of sale to comply fully with the Statutory Management requirements to maintain the farmland in Good Agricultural and Environmental Condition (GAEC) as laid down under the Cross Compliance rules of the Basic Payment Scheme (BPS) 2019 for the remainder of the scheme year.LESS-FAVOURED AREA SUPPORT SCHEME (LFASS) All of the land has been designated as being within a Non-Less Favoured Area.LOCAL AUTHORITYPerth and Kinross Council, Pullar House, 35 Kinnoull St, Perth PH1 5GD. T: 01738 475000SCOTTISH GOVERNMENT RURAL PAYMENTS AND INSPECTIONS DIRECTORATESGRPID, Strathearn House, Broxden Business Park, Lamberkin Drive, Perth, PH1 1RX. T: 01738 602000MINERALSThe mineral rights are included. TIMBERAll fallen and standing timber is included in the sale as so far as it is owned by the seller.SPORTING RIGHTSIn so far as these rights form part of the property title they are included within the sale. INGOING VALUATIONThe purchaser(s) of the Land at Kinross shall, in addition to the purchase price, be obliged to take over and pay for at a valuation to be agreed by a mutually appointed valuer(s) with respect to the following:1. All cultivations and growing crops on a seeds, labour, lime, fertiliser, sprays and machinery basis with an increment representing the enhanced value of the establishment and age of such crops.2. All feed stuffs, hay, straw, fodder, roots, silage and farmyard manure and other produce at market value.3. All oils, fuel, fertilisers, sprays, chemicals, seeds, and sundries at cost.Note: If the amount of the valuations has not been agreed on the date fixed for completion, then the purchaser shall pay to the seller such a sum as selling agents shall certify on account at the valuation pending agreement. Should the payment not be made within seven days then the interest will become payable on outstanding monies at 8% over Bank of Scotland borrowing rate.DEPOSITA deposit of 10% of the purchase price shall be paid within seven days of completion of Missives. Deposit will be non-refundable in the event of the purchaser failing to complete for reasons not attributable to the Seller or their Agents.DIRECTIONS From Kinross take the B996 south, immediately upon leaving the town the land lies on the left and access can be taken via the first left.POST CODE KY13 9JTWHAT3WORDSTo find this property location to within 3 metres, download and use What3Words and enter the following 3 words: ///chariots.recapture.clashing SOLICITORS McCash & Hunter, 25 South Methven Street, Perth, PH1 5ES. T: 01738 620451VIEWINGStrictly by appointment with the Selling Agents. POSSESSION AND ENTRYVacant possession and entry will be given on completion or such mutual time to be agreed by the seller and the purchaser(s).ANTI MONEY LAUNDERING (AML) REGULATIONS Please note that under the 2017 AML regulations we are legally required to carry out money laundering checks against purchasers. Upon verbal acceptance of an offer, we require to identify the purchaser for Anti-Money Laundering purposes. Our service provider ‘First AML’ will contact the purchaser to gather the required identification documents. An information sheet is available from the selling agent on request. We are not able to enter a business relationship with a purchaser until they have been identifiedFailure to provide required identification may result in an offer not being considered.HEALTH & SAFETYThe property is an agricultural holding and appropriate caution should be exercised at all times during inspection particularly in reference to the farm buildings, farm land and water courses. THIRD PARTY RIGHTS AND SERVITUDESThe subjects are 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 as satisfied themselves in respect thereof.AMC PLC FINANCE Galbraith are approved Agents for the Agricultural Mortgage Corporation (AMC) and we can assist you in securing finance loans for a variety of farming purposes including the purchase of land and property, restructuring debt, and to provide working capital for diversification, improving or erecting farm buildings. For further details and to discuss any proposals in confidence please contact Ian in our Galbraith Perth office on 01738 451111 Email: