Lot 2 Lathones Farm, Lathones, Largoward, Leven, Fife, KY9 1JE

Productive mix of Grade 3.2 arable, pasture and grazing land

Land offering longer term development potential

(subject to obtaining necessary planning consents)

Easily accessible location with good links to A-class roads

72.42 acres

Situation

Lathones Farm is a traditional mixed arable and grassland unit situated in a desirable and accessible part of rural Fife, adjacent to the small settlement of Lathones and near the village of Largoward. The surrounding area offers a range of local amenities in Cupar and Leven, both of which are accessible within a 15-minute drive. The historic and renowned seaside town of St Andrews lies just 5 miles to the north of the property and provides an excellent range of high street shops, restaurants, bars and cultural attractions. It is also home to the famous University of St Andrews and a wide range of sporting and recreational facilities, including the world-renowned Old Course. The cities of Dundee and Edinburgh are both within easy commuting distance by road or rail, with regular train connections available at Leuchars, Cupar, Leven and Kirkcaldy. Edinburgh offers an extensive selection of retail, leisure and cultural amenities. Edinburgh Airport can be reached within approximately one hour and provides daily domestic and international flights to a wide range of destinations.

This area of Fife is well served by a variety of agricultural contractors, merchants and suppliers, with regular livestock sales held in Stirling at United Auctions and Caledonian Marts. The region is well known for its fertile land, capable of producing high yields from a wide range of crops, and is well suited to both intensive arable production and livestock enterprises.

Method of sale

Lathones Farm is offered for sale as a whole or in 6 lots.

Please note Lots 2-6 will not be sold prior to the sale of Lot 1.

Lot 2: The land at Brewsterwells About 29.31 Ha (72.42 Acres)

The land in Lot 2 extends to about 29.31 Ha (72.42 Acres) and forms a contiguous block of land situated to the north of the farm steading and the B940 and benefits from direct access from either the A915 or the B940. The farmland consists of a mix of arable, ploughable pasture and grazing ground with several areas of amenity woodland, and has been designated as Grade 3.2 by the James Hutton Institute. The land is generally of a north easterly aspect, rising from approximately 165m above sea level on the northeastern boundary to 185m adjacent to the A915. The land has historically been used for cereal cropping.

Iacs

All the farmland is registered for IACS purposes, and the farm code is 78/417/0027.

Nitrate Vulnerable Zone (NVZ)

All of the land within Lot 1 (with exception field 3), Lot 2 and Lot 3 form part of Strathmore and Fife Nitrate Vulnerable Zone (NVZ).

Basic Payment Scheme Entitlements (BPSE)

The Seller may enter discussions with the Purchaser(s) to transfer the right to receive the 56.01 Region 1 Basic Payment Scheme Entitlements (BPSE) in addition to the heritable property by separate negotiation. Any payments relating to the 2026 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) 2026 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 Authority

Fife Council, Fife House, North Street, Glenrothes, KY7 5LT

Scottish Government Rural Payments and Inspections Directorate

Scottish Government, Agriculture and Rural Economy, Strathearn House, Broxden Business Park, Lamberkine Drive, Perth, PH1 1RX. Tel: 0300 2445400 Sgrpid.perth@gov.scot

Minerals

In so far as these rights form part of the property title the mineral rights are included within the sale.

Timber

All fallen and standing timber is included in the sale as so far as it is owned by the seller.

Sporting Rights

In so far as these rights form part of the property title the sporting rights are included within the sale.

Fixtures and Fittings

All fixture and fittings within farmhouse and farm buildings are included in the sale price. No other items are included unless mentioned in the sales particulars.

Ingoing Valuation

The purchaser(s) of Lathones Farm 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.

Deposit

A 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 reasonnot attributable to the Seller or their Agents.

Solicitors

Innes Johnston LLP, 5-7 Commercial Road, Leven, KY8 4LE

Viewing

Strictly by appointment with the Selling Agents.

Possession and Entry

Vacant 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 identified. Failure to provide required identification may result in an offer not being considered.

Health & Safety

The 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 Servitudes

• There is a mains sewage pipe crossing Lot 1 and Lot 5.
• The proprietors of the property known as Pilgrim’s Lodge and Aranden benefit from a right of access over the part of access road which leads from the A915 to Lot 6. In the event the property is sold in lots a deed of conditions will be drawn up governing all access, services, media, boundaries and maintenance. The 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.