Acres White House and Village Farms, Sturton by Stow LN1 2AH and Marton Grange, Marton LN1 2AN Near Lincoln

739.29 Acres White House and Village Farms, Sturton by Stow LN1 2AH and Marton Grange, Marton LN1 2AN Near Lincoln

Near Lincoln White House and Village Farms, Sturton by Stow LN1 2AH and Marton Grange, Marton LN1 2AN Lincoln - 10 miles Gainsborough - 9 miles M180-22 miles 739.29 ACRES (299.15 ha) or thereabouts Highly commercial Lincolnshire arable land and farm buildings FOR SALE BY CONTRACTUALLY BINDING FORMAL TENDER As a whole or in 11 lots, or combinations thereof Tender Date - Wednesday 6th September 2017 before 12 noon. Guide price for the whole - 5,930,000 Lot 2: Village Farm - Lot A Description A well farmed arable holding with farm buildings. The land has been growing combinable crops, and sugar beet in parts. It is in excellent heart, having been farmed as a whole for many years by JCM Glassford Ltd. It is offered for sale as a whole, or in 11 lots, or combinations thereof. Location The land is located to the north west of the City of Lincoln around the villages of Sturton by Stow and Marton, mainly north of Tillbridge Lane/Stow Park Road, the A1500. Situation and Amenities This is a strong arable farming area, setting high standards, with clay to sandy loam soils around 10 to 20m above sea level. The Lincolnshire Showground, home of the Lincolnshire Agricultural Society, is close by. Lincoln is a cathedral city and the administrative centre of Lincolnshire with an urban population of 130,200 (mid 2014 est.). It offers an excellent range of facilities and amenities with boutique shopping in the cathedral quarter, restaurants and pubs, sports facilities, golf course, supermarkets, leading retailers, medical and educational facilities. The University of Lincoln, which was established over 20 years ago, brings vibrancy to the life of the city. Method of sale The farm is offered for sale by formal tender as a whole or up to 11 lots or combinations thereof, subject to the tender guidelines.

Lot 1 - Whitehouse Farm, Sturton by Stow Lot 1 A - 184.88 acres (74.82 ha) Fleets Road, Sturton by Stow, Lincoln, LN1 2DY A block of large productive arable fields to the east of Sturton by Stow. Lot 1 B - 44.54 acres (18.02 ha) Fleets Road, Sturton by Stow, Lincoln, LN1 2BS A regular shaped field adjoining Sturton by Stow recreational ground. Lot 1 C - 26.03 acres (10.53 ha) Thorpe Lane, Sturton by Stow, Lincoln, LN1 2BS Two fields adjoining the River Till. Lot 1 D - 72.38 acres (29.29 ha) Fleets Lane, Sturton by Stow, Lincoln, LN1 2BS Two fields, one of 60 acres, adjoining the River Till Lot 2 - Village Farm, Sturton by Stow Lot 2 A - 68.56 acres (27.74ha), Marton Road, Sturton by Stow, Lincoln LN1 2AH All in a ring fence, with a useful range of buildings including grain store centrally located. Telecoms Mast Compound to the rear of the grain store is not included in the sale. Lot 2 B - 36.35 acres (14.71ha), Marton Road, Sturton by Stow, Lincoln LN1 2AH A single field to the south of Marton Road with good access. Lot 3 - Marton Grange Lot 3 A - 174.38 acres (70.55 ha) Stow Park Road, Marton, Lincoln, LN1 2AN All in a ring fence, with good sized fields and a grain store located at the principal access point on Stow Park Road. The land can also be accessed on its northern boundary off Willingham Road. Lot 3 B - 93.34 acres (37.78 ha) Tillbridge Lane, Marton, Lincoln, LN1 2AL Two fields, one of 80 acres, to the east of the Lincoln/ Gainsborough railway line. Lot 4-24.02 acres (9.72ha) Off Mill Lane, Sturton by Stow, Lincoln, LN1 2AW A single field to the south of Sturton by Stow with principal access off Mill Lane, to the west and from Saxilby Road to the east. Lot 5-7.64 acres (3.09ha) Off Thorpe Lane, Sturton by Stow, Lincoln, LN1 2BP A single field to the east of Sturton by Stow, with good road access. Lot 6-7.17 acres (2.90ha) Off Ingham Road, Stow, Lincoln, LN1 2DG A single field to the east of Stow, with good road access. TENDER DATE: WEDNESDAY 6TH SEPTEMBER 2017 The land is to be sold by contractually binding formal tender on the following terms: 1. All tenders must reach the office of JHWalter, 1 Mint Lane, Lincoln, LN1 1UD no later than 12 noon on Wednesday 6th September 2017. No late tenders will be considered. 2. Tenders should be submitted in writing on the prescribed form, complete with the signed tender form and contract and placed within a sealed envelope marked Land at Sturton by Stow & Marton. 3. Tenders must be for a precise sum of pounds sterling. It is advised that tenders should be for an odd figure to avoid the possibility of identical bids. The tendered purchase price is to include the amount shown in the contract for each lot for Basic Payment Scheme Entitlements, which are included in the sale. 4. No tender will be considered which is calculated only by reference to another tender. 5. The seller does not undertake to accept the highest or indeed any tender. 6. Full name and address of both the prospective buyer and their solicitor should be provided with any tender. 7. All tenders must include evidence of finance for the purchase. Lot 2 - Village Farm - Farm Buildings - Lot A Lot 2 - Village Farm - Grain Store - Lot A Lot 2 - Village Farm: Grain Store - Lot A

8. Tenders are to include a Solicitor s deposit cheque of 10% (or 20% if early entry is required) payable to the seller s Solicitor as agent. The successful buyer(s) should be notified via a signed contract by the seller, no later than 5pm on Tuesday 12th September, at which time the sale will be exchanged. Completion will take place on Wednesday 11th October 2017. 9. Copies of supporting legal and other documentation referred to as the Tender Pack is available from the Selling Agent, preferably on request by the Solicitor/Agent acting for the prospective buyer. This includes; Tender Form, Conditions of Tender, Contract of Sale, Search Results, Relevant Title Documents. 10. The Selling Agent will be required to carry out identification checks for money laundering purposes on prospective buyers prior to issuing the Tender Pack. 11. It is possible to bid for a combination of lots on the following bases; (a) - The whole holding - 739.29 acres (b) - A single tender for more than one lot from the same Farm Holding (numeric Lot number) is permissible. For example Lot C and D of Lot 1, White House Farm, or Lot A and B of Lot 2, Village Farm or Lot A and B from Lot 3, Marton Grange. A single tender for a mix of lots across numeric Lots e.g. Whitehouse, Farm, Village Farm, Marton Grange, and others will not be accepted. Where a prospective buyer wishes to bid for lots from more than one numeric lot, they must bid separately on the Tender Form. The Land The land is divided into practical sized arable fields and is capable of growing very good yields of combinable crops and, in some fields, sugar beet. There are small areas of amenity woodland on Village Farm Lot A and Marton Grange Lot A. The land is shown on the MAFF land grading plans as classified grade 3. The 1:250,000 scale Soil Series Plan shows the soils are mainly Wickham 2 Association with some Blackwood. Wickham 2 - Slowly permeable seasonally waterlogged fine loamy over clayey, fine silty over clayey and clayey soils. Small areas of slowly permeable calcareous soils on steeper slopes. Suitable for growing cereals and grassland. Blackwood - Deep permeable sandy and coarse loamy soils. Groundwater controlled by ditches. Suitable for growing cereals, sugar beet and potatoes: some grassland and coniferous woodland. The predominant soils are Wickham 2. Land Registration Some parts of the holding are unregistered title. Basic Payment Scheme Included in the sale are Basic Payment Entitlements relating to the eligible land, which will be transferred to the buyer(s) after completion. The value of the entitlements will be apportioned from the sale price for the land in the contract. The entitlements will be transferred at the rate of 140 per entitlement. The number of entitlements to be transferred will be; Lot 1 - Whitehouse Farm, Sturton by Stow Lot A - 74.28 Entitlements Lot B - 17.99 Entitlements Lot C - 10.53 Entitlements Lot D - 29.11 Entitlements Lot 2 - Village Farm, Sturton by Stow Lot A - 26.68 Entitlements Lot B - 14.71 Entitlements Lot 3 - Marton Grange Lot A - 69.80 Entitlements Lot B - 37.49 Entitlements Lot 4-23.62 acres off Mill Lane, Sturton - 9.52 Entitlements Lot 5-7.64 acres off Thorpe Lane, Sturton - 3.09 Entitlements Lot 6-7.17 acres off Ingham Road Stow - 2.90 Entitlements If a buyer is not eligible to receive entitlements, they will be retained by the seller and there will not be any price apportionment. Copies of the Rural Land Register maps are available in the Tender Pack. The 2017 Basic Payment will be retained by the seller. Lot 4: Land off Mill Lane Lot 5: Land off Thorpe Lane Lot 6: Land off Ingham Road

Lot 2: Village Farm - Lots A & B Lot 2: Village Farm - Lot B Lot 2: Village Farm Buildings Lot 2: Village Farm - Lot A

Sporting Rights The sporting rights are in hand and included in the sale, in so far as they are owned. Mines and Minerals The mines and mineral rights are included in the sale, in so far as they are owned. In particular, there are some exclusions on the land at Marton. Tenure Vacant possession will be given on completion, subject to the reserved rights of holdover. Restrictions and Development Clawback The seller will not be retaining any development clawback, or overage. Services There is an electricity supply to the yard in Village Farm, Lot A. There is an electricity supply to the grain store at Marton Grange Lot A. Farm Buildings Lot 2 - Village Farm Lot A - Grain Store (24m x 19.4m) - a clear span steel portal frame building with steel grain walling to 2.85m. Central wind tunnel. Below floor laterals. Fan house with fan and diesel generator. Approximate capacity for 950 tonnes of grain. Implements Store (6.1m x 24m) - 5 bay open fronted building with earth floor. General Purpose Building (24m x 35m) - 7 bay steel frame building with lean-tos, open fronted with hard core floor. Attached Livestock Building and Store (6.3m x 12m). The fertiliser tank presently on site is not included in the sale. Lot 3 - Marton Grange Lot A - Grain Store (18.3m x 27.6m) - 6 bay twin span portal frame building with steel and concrete frames. Steel grain walling to 2.25m. Central grain tunnel. Concrete floor with below floor laterals. Fan house with electric 75 horse power fan. Capacity for around 800 tonnes of grain. Please note that a notice relating to this building was received on 10/7/17 from WLDC. Further information is in the Tender Pack. The fertiliser tank presently on site is not included in the sale. Telecom Mast Site The Telecom mast site behind the grain store at Village Farm, Lot A is excluded from the sale. The mast is contained in a secure compound measuring 7.3m x 12m. A right of way from the A1500 through the farm to the mast compound is reserved for the freeholder and leaseholder. Holdover After completion, the seller will holdover on any fields not cleared of the current crop. There are 50 acres of sugar beet on Whitehouse Farm, Lot A and spring beans on land off Mill Lane, Sturton by Stow and on Marton Grange, Lot A. There is a longstop hold over date for land growing spring beans until 30 November 2017 and for land growing sugar beet, a longstop date until 31 January 2018. It is anticipated that the sugar beet will be harvested before Christmas. OSR and grain harvested this summer will be stored in the two grain stores at Village Farm, Lot A and at Marton Grange, Lot A with a holdover longstop date until 31 March 2018. Early Entry Early entry prior to completion is available, immediately after a crop has been harvested and straw removed, by paying a 20% deposit. Easements, Wayleaves and Rights of Way The property is sold subject to and with the benefit of all easements, wayleaves and rights of way whether public or private and whether or not mentioned in these particulars of sale. Overhead electricity lines cross Village Farm, Lot A, (field 5905) and Village Farm, Lot B (field 4837). Underground electricity cables cross Village Farm, Lot A (field 6377) and Village Farm, Lot B (field 4837). Underground gas/fuel pipelines cross all fields at Marton Grange, Lots A and B except field 8708 in Lot A. Underground fuel/gas pipelines cross the following fields at Sturton by Stow - Village Farm, Lot A (fields 2901;5517 and 5905); White House Farm, Lot A (fields 4536, 6802 and 6372); Lot C, (fields 3153 and 3636); and Lot D, (field 0964). Lot 3: Marton Grange - Grain Store - Lot A Lot 3: Marton Grange - Lot A Lot 3: Marton Grange - Grain Store - Lot A

Lot 1: White House Farm - Lots C & D Lot1: White House Farm - Lots A & D Lot 1: White House Farm - Lots A,B, C & D Rights of Way Public rights of way cross the following fields; Village Farm, Lot A, (fields 2901 and 6377); Village Farm, Lot B, (field 4837); White House Farm, Lot A, (fields 4536 and 6802); White House Farm Lot D, (field 0964) and Marton Grange, Lot A (field 7435). Indicative plans (not to scale) showing public rights of way; and indicative routes of pipelines are included in the Tender Pack. Buyers should verify these details with the original documents. The right of way and easement for services reserved to the telecoms mast site on Village Farm, Lot A is shown in green (dashed). There is a right of access shown in green (dashed) to the sewage works adjoining White House Farm, Lot A. The accesses coloured brown have been used for accessing adjoining land for many years. Drainage Much of the land is under drained. Some drainage works have been undertaken in recent years and the drainage system has been regularly maintained. The available drainage plans are included in the Tender Pack. Drainage Rates Drainage rates are payable for land at Marton to the Trent Valley Internal Drainage Board and for land at Sturton to the Upper Witham Internal Drainage Board. Copies of the most recent invoices are in the Tender Pack. VAT It is not thought that the sale will attract VAT. However, in the event that any of the property is sold subject to VAT, this will be payable in addition to the purchase price. Growing Crops and ingoing valuation It is intended that the seller will harvest the growing crops and undertake post-harvest cultivations as well as establishing oilseed rape, where appropriate. The buyer will be required to pay to the seller the full amount of the Ingoing Valuation due to the outgoer in accordance with the prices and recommendations of the Central Association for Agricultural Valuers. The Ingoing Valuation will be calculated by JHWalter and will be payable on completion. There will be no counterclaim of any kind. Town and Country Planning The land is within West Lindsey District. Planning policy for the area is the recently adopted Central Lincolnshire local plan. West Lindsey District Council: 01427 676676 Planning.CustomerCare@west-lindsey.gov.uk Fixtures and Fittings All fixtures and fittings are excluded from the sale unless mentioned in these particulars of sale. Directions From the A15 at Grange de Lings (Lincolnshire Showground) head west on A1500. After just under 5½ miles drive through the village of Sturton by Stow and the drive to Village Farm is approximately a third of a mile on the right. Marton Grange is approximately 2¼ miles further along the A1500 on the right hand side. Viewing If you would like to view the holding, please contact the seller s agent. When viewing, please take all precautions necessary to be safe on a working farm. The nearest postcode to Village Farm is LN1 2AH and to Marton Grange LN1 2AN. Please note these postcodes do not take you directly to all of the land. Seller s Solicitor Elliot Mather - Westgate House, 1 Chesterfield Road South, Mansfield, Nottinghamshire, NG18 5NR Andrew Johnston 01623 655666 andrew.johnston@elliotmather.co.uk Seller s Agent JHWalter - 1 Mint Lane, Lincoln, LN1 1UD 01522 504304 Ian Walter 01522 504333 07919694230 ianwalter@jhwalter.co.uk Tim Atkinson 01522 504313 07919694224 timatkinson@jhwalter.co.uk Date of photography: 08.07.17 Drone Video is available on the JHWalter website

Lot 3: Marton Grange - Lot A Lot 3: Marton Grange - Lot A Lot 3: Marton Grange - Store Lot 3: Marton Grange - Lot B

Schedule of Areas and Cropping Field No Ha Acres 2017 2016 2015 2014 2013 2012 2011 Lot 1 White House Farm Lot A 4536 32.38 80.01 WW/SB OSR WW OSR WW OSR WW 6802 27.46 67.85 SU/SB WW SBns WW OSR WW OSR 5972pt 14.57 36.01 OSR/SB WW SBns WW OSR WW OSR 3581 0.09 0.19 Track Track Track Track Track Track Track 2915 0.34 0.84 Track Track Track Track Track Track Track 74.82 184.88 Lot B 8144 18.02 44.54 WW/SB WW OSR WW OSR WW OSR Lot C 3153 5.88 14.54 WW OSR WW SBns OSR WW OSR 3636 4.15 10.26 WW SBns WW OSR WW OSR WW 4745 0.50 1.23 Bank Bank Bank Bank Bank Bank Bank 10.53 26.03 Lot D 2292 24.62 60.83 WW OSR WW SBns WW OSR WW 0964 3.89 9.61 OSR WW SBns WW OSR WW OSR 4391 0.78 1.93 Bank Bank Bank Bank Bank Bank Bank 29.29 72.38 Lot 2 Village Farm LOT A 5517 1.42 3.51 ELS ELS ELS ELS OSR WW OSR 5905 2.44 6.03 OSR WW OSR WW OSR WW OSR 2901 3.87 9.56 OSR WW OSR WW OSR WW OSR 6377 15.81 39.07 OSR WW OSR WW OSR WW OSR 4780 0.31 0.76 Wood Wood Wood Wood Wood Wood Wood 2874 3.19 7.88 OSR WW OSR WW OSR WW OSR 4762 0.19 0.48 Track Track Track Track Track Track Track 4280 0.51 1.27 Yard Yard Yard Yard Yard Yard Yard 27.74 68.56 LOT B 4837 14.71 36.35 OSR WW OSR WW OSR WW OSR Lot 3 Marton Grange Lot A 7435 16.12 39.84 WW S.Bns WW OSR WW OSR WW 9.40 23.23 OSR WW SBns WW OSR WW OSR 5.00 12.36 SB Ccrop WW OSR WW OSR WW 8708 7.64 18.89 S.Bns WW OSR WW OSR WW OSR 1816 9.44 23.32 OSR WW SBns WW OSR WW OSR 9684 7.09 17.53 S.Bns WW OSR WW OSR WW OSR 4374 3.93 9.70 WW ELS ELS ELS ELS ELS ELS 2782 11.31 27.95 SB S.Bns WW OSR WW OSR WW 4101 0.06 0.16 SB S.Bns WW OSR WW OSR WW 3786 0.34 0.84 Wood Wood Wood Wood Wood Wood Wood 3778 0.08 0.21 Wood Wood Wood Wood Wood Wood Wood 1069 0.14 0.35 Store Store Store Store Store Store Store 70.55 174.38 LOT B 2587 32.75 80.92 SB OSR WW SBns WW OSR WW 7164 5.03 12.42 SB OSR WW SBns WW OSR WW 37.78 93.34 Lot 4 Land off Mill Lane 6079 9.52 23.53 SBns WW OSR WW OSR WW OSR 2764 0.04 0.10 Wood Wood Wood Wood Wood Wood Wood 2258 0.12 0.30 Track Track Track Track Track Track Track 9088 0.04 0.09 Track Track Track Track Track Track Track 9.72 24.02 Lot 5 Land off Thorpe Lane 1410 3.09 7.64 WW SBns WW OSR OSR WW OSR Lot 6 Land off Ingham Road 0521 2.90 7.17 SB WW OSR WW OSR WW OSR TOTAL 299.15 739.29

Lot 1: Whitehouse Farm - Lots A & D Lot 1: Whitehouse Farm - Lot B Lot 1: Whitehouse Farm: Lot C & Lot 5: Land off Thorpe Lane Lot 1: Whitehouse Farm - Lot D IMPORTANT NOTICE JHWalter try to provide accurate sales particulars, however, they should not be relied upon as statements of fact. We recommend that all the information is verified by yourselves or your advisers. These particulars do not constitute any part of an offer or contract. JHWalter staff have no authority to make or give any representation or warranty whatsoever in respect of the property. The services, fittings and appliances have not been tested and no warranty can be given as to their condition. Photographs may have been taken with a wide angle lens. Plans are for identification purposes only, are not to scale and do not constitute any part of the contract. Crown Copyright. All rights reserved. Licence Number 100020449. The Ordnance Survey data may not show all existing features. JHWalter is the trading name of JHWalter LLP. Registered Office: 1 Mint Lane, Lincoln LN1 1UD. Registered in England and Wales. Registration Number: 0C334615 JHWalter LLP 1 Mint Lane Lincoln LN1 1UD DX 11056 Lincoln E info@jhwalter.co.uk T 01522 504304 F 01522 512720 www.jhwalter.co.uk

0521 2.90 ha 7.17 Lot 6 Land off Ingham Road 4536 32.38 ha 80.01 3516 5517 1.42 ha 3.51 0.34 ha 0.84 A 74.82ha 184.88ac 5905 2901 3.87 ha 9.56 2874 3.19 ha 7.88 27.74ha 68.56ac 4280 0.51 ha 1.27 A 4780 0.31 ha 0.76 4762 0.19 ha 0.48 2.44 ha 6.03 6377 15.81 ha 39.07 Lot 2 Village Farm 3581 0.07 ha 0.17 6802 27.46 ha 67.85 5972pt 14.57 ha 36.01 Lot 1 White House Farm 0964 3.89 ha 9.61 2292 24.62 ha 60.83 D 29.29ha 72.37ac 4391 0.78 ha 1.93 3153 5.88 ha 14.54 C B 14.71ha 36.35ac 4837 14.71 ha 36.35 18.02ha 44.54ac B 8144 18.02 ha 44.54 10.53ha 26.03ac 4745 3636 0.50 ha 4.15 ha 1.23 10.26 1410 3.09 ha 7.64 Lot 5 Land off Thorpe Lane Lot 4 Land off Mill Lane 9.72ha 24.02ac 9088 0.04 ha 0.09 2258 0.12 ha 0.30 2764 0.04 ha 0.10 6079 9.52 ha 23.53 This plan is published for the convenience of the purchaser only. Its accuracy is not guaranteed and it is expressly excluded from any contract. Drawing No.R9364-03 Date 25.07.17 White House & Village Farms Not to Scale Based on Ordnance Survey 1:2500 mapping with the permission of the Controller of HMSO Crown Copyright Licence No ES 100033416