- Advert Expiry Date: Tuesday, 13th June 2017
- Property / Land Type: Estate
- Price Description £10,000,000 Guide price
High quality commercial investment estate, comprising two independent farms let under separate Agricultural Holdings Act Tenancies. Brockton Manor Farm comprises an impressive seven bed manor farmhouse, three further semi-detached cottages, extensive range of modern and traditional buildings and high quality arable farmland extending to 810 acres (328 hectares) Bridge Farm comprises a farmhouse with two further detached cottages, extensive range of farm buildings, in part already diversified, and good quality arable farmland of Grade 2 and Grade 3 quality, totalling 468 acres (189 hectares).
Property agent Location
The Estate benefits from good transport links to both local amenity centres such as Newport to the east and Telford in the south west; and larger centres such as Shrewsbury and Stafford to the north east and south west respectively. Stafford railway station is located approximately 15 miles to the east and offers direct rail links to London Euston with a journey time of approximately 1 hour 18 minutes.
View property on map »Further Information
The Bridge & Brockton Estate provides a rare opportunity to purchase a high quality commercial investment estate in a part of the country characterised by a relatively low supply of larger farms. Bridge Farm and Brockton Manor Farm are let under two separate Agricultural Holdings Act Tenancies, on full repairing and insuring terms.
LOT 1 - BROCKTON MANOR FARM
The farm is let by way of an Agricultural Holdings Act Tenancy agreement dated 17 November 1981 and qualifies for 50% Inheritance Tax relief after 7 years of ownership for an investor.
The tenancy states that 491.77 acres constitutes a first succession and the balance of the holding is a first letting. The Vendor believes that due to subsequent surrenders approximately 124.115 ha ( 306.69 acres) now remain comprised in the area identified as a first succession. Further to the original agreement, a surrender of part of the holding has been undertaken with the current rent passing for the holding, accounting for this surrender being £77,238.
The predominantly irrigated arable farmland extending to approximately 809.67 acres (327.658 hectares).
LOT 2 - BRIDGE FARM
The farm is let by way of an agreement dated 25 March 1982, with a Deed of Variation allowing a succession to a Joint Tenancy dated 23 November 1999 (so effectively a first succession)
Full repairing and insuring terms. Residential elements comprise a farmhouse with two further three bedroom detached cottages sub-let on Assured Shorthold Tenancies
Extensive range of farm buildings in part already diversified and with further potential for alternative uses
We believe the farm will also qualify for 50% Inheritance Tax relief after 7 years of ownership for an investor
Current Passing Rent: £35,000 (with sub let income share of £2,300 per annum in addition)