Lincolnshire arable land will be in demand

The launch of Eleven Greens and Pickhill Farms near Louth, Lincolnshire, on 22 October will cause a flurry in a market starved of commercial arable land in the east of England.

At South Cockerington and Grimoldby, these formed the primary holdings of the late George Tuxworth, an investor in farmland who in turn let most of his land to local farmers.

They total 663 acres of arable land with two separate houses, a general purpose building and some grain storage. The private treaty sale is as a whole or in five lots with a guide of £4m for the whole.

Alongside it, agent Masons is selling a further 191 acres of bare arable land in an adjoining parish which the firm’s Simon Williams says could be serviced from the main yard at Elevens Green Farm. The bare land is offered as a whole or in three lots with a guide in excess of £955,000.

“This gives a potential purchaser the opportunity to acquire a holding in excess of 850 acres. It is the first time the opportunity to purchase this quantity of land has arisen in the region in at least 15 years and we are expecting high levels of interest,” said Mr Williams.

“There has been a significant lack of supply in the region in recent times which has only served to increase competition and force prices upward. We believe that this trend will continue.”

SFP entitlements covering the whole 854 acres are available by separate negotiation.

Masons Chartered Surveyors (01507 350 520)