Dales tenancy over the top
Dales tenancy over the top
INVESTMENT motives led to 730 acres in the Yorkshire Dales National Park achieving over the guide at auction recently.
Occupied on a full agricultural tenancy – second generation -with an annual rental of £5000, Longridge, Bishopdale, near Hawes sold for £125,000, about £25,000 more than the pre-auction guide.
"If the unit was offered with vacant possession it could have made three times as much," said auctioneer Richard Turner, Richard Turner & Son.
Including grazing land and moorland the farm is all in a severely disadvantaged area with 41 acres in an ESA paying about £4000 a year to the tenant. The sporting rights over a 446-acre grouse moor sold with vacant possession.
"Interest came from various sources with three arable farmers in the bidding up to about £100,000, and the successful buyer is married to a dairy farmer," he said.n