Auction provides test of demand for bare land in Lincs
THE forthcoming auction on Sept 21 of 185 acres of Lincs land should provide a good indication of demand for bare land in the county, reckons Nick Sharp of local agent Perkins, George Mawer & Co.
"We are going to auction because we think we have something to offer. Not a lot has been sold recently in the area so hopefully the demand is there," says Mr Sharp.
He is guiding the whole in excess of £450,000 (£2432/acre). Split into three sections, the land at Harms-ton, near Lincoln, straddles a limestone escarpment. Around 25 acres of grazing land is surrounded top and bottom by two 80-acre parcels of IACS-registered arable land.
Known locally as heathland, the upper section consists of grade 2 soils that are considered suitable for growing root crops. The vendors sugar beet contract is also available.
"I am keeping my powder dry as far as the beet is concerned," says Mr Sharp, who is aware that since British Sugar launched its one-off sugar beet outgoers scheme last month the market has been struggling to find its level.
Another offering with sugar beet contract is North Wootton Marsh Farm, Sandringham, Norfolk. The 690-acre unit is on the market with Cruso & Wilkin for £1.68m. There is no residential angle, but the offering does have a good range of buildings, including a 1200t grain store. *