14 April 1995

Cotswold arable unit

COMPLETION of negotiations to terminate a sale and leaseback agreement bring a commercial arable farm in the Cotswolds on to the market.

Near Cirencester, Swyre Farm, Coln St Aldwyns, owned by a life assurance company, Laurentian Life, includes 743 acres of Grade 3 brash land of which 689 acres are eligible for arable area aid.

Guided at £1.2m for the whole, the land is valued at around £1400-£1500/acre by agents Knight Frank & Rutley.

"I anticipate interest from both farmers and buyers wanting to reinvest rollover funds," says agent Tony Morris-Eyton.

The successful purchaser will have to invest in grain drying and additional grain storage, as only a dutch barn and general purpose shed are included in the sale.

There is no farmhouse, but two pairs of three-bedroomed cottages and a Grade 2 listed Cotswold stone barn with planning consent for conversion into an agricultural dwelling are included.

Including 689 acres of Grade 3 Cotswold Brash eligible for arable area aid payments, Swyre Farm, near Cirencester, is likely to attract interest from both farmers and investors with rollover funds.