An unusual opportunity to acquire a let farm on the edge of Dartmoor has arisen with the sale of Lake Farm, near Yelverton.

The holding has 87 acres of pasture and comes with a four-bedroom farmhouse and traditional and more modern buildings. Lake Farm has common grazing rights on Walkhampton and Yennadown commons on Dartmoor, and is let for an annual rent of £6,100.

“With private investors entering the investment farm market due to the lack of supply in the vacant possession market, Lake Farm is definitely going to generate interest,” said Giles Wordsworth of agent Smiths Gore. Sales of this type of property in Devon were extremely rare, especially with the added interest of common rights on Dartmoor, he added.

“There are no further succession rights to the tenancy and there is the potential of 100% APR for IHT as the agreement is post 1995.”

The guide price is £750,000. (Smiths Gore 020 7409 9490)

See also: Small farm units offer chance to start or expand