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Written by Charlie Jacoby
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Tuesday, 13 January 2009 09:29 |
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Two farms in South Lincolnshire are coming to the market with Bidwells.
Greenfield and Ingleborough Farm at Friskney is a tenanted farm of almost 500 acres and is let on an Agricultural Holdings Act tenancy. The tenant has farmed the property for a number of years and also farms other land in the area. The land is grade 1 and as Bidwells' Jim Bryant points out includes some of the better land in Lincolnshire, used for cereals and vegetables, with some very good double cropping land. The farm is equipped with an ambient potato store providing 2000 plus tonnes and a refrigerated onion/potoato store providing up to 1,800 tonnes storage. Residential accommodation includes three cottages let on Assured Shorthold Tenancies and a handsome period farmhouse which needs some improvement but provides spacious accommodation.There are traditional buildings, some of which are close to the farmhouse, which may offer some development potential. The freehold of Greenfield and Ingleborough Farm is available as a whole with a guide price of £1.85m. This will provide a solid investment with long term reversion potential on a purchase yield of 2% on the guide price. 'Perhaps rather better than having the money in the bank at the present time' comments Mr Bryant. Further south, in Deeping St Nicholas, Bell Bush and Hop Pole Farm is a compact unit of 189 acres. The farm is equipped with a bungalow, which is occupied by a protected tenant and useful farm buildings, and with good arable land capable of growing cereals, break crops and sugar beet. Bell Bush and Hop Pole Farm is available vacant possession as a whole with a guide price in excess of £850,000. |
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Last Updated on Tuesday, 13 January 2009 11:32 |
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