15 September 1995

First British Coal lots for all-comers

IN WEST Cumbria the first package of agricultural property available to non-British Coal tenants is now on the market.

Some 5648 acres of agricultural land, woodland, three disused opencast sites, some dwellings and farm buildings are on offer as a whole or in six lots.

Smiths Gore, the agents handling the sale, have been instructed by British Coal not to publish any guide prices, but land in the area ranges from £400 for the poorest quality to as much as £2000/acre where demand is strong.

The main agricultural lots include:

&#8226 133 acres of farmland, 155 acres of land under rehabilitation and 68 acres of woodland at Great Broughton and Broughton Moor.

&#8226 1682 acres of agricultural land, 38 acres of woodland, two bungalows and some farm buildings between Great Clifton and Branthwaite.

&#8226 1230 acres of agricultural land, 62 acres of woodland with six farmsteads from Pica to Ashby.

&#8226 Moresby, Frizington and Cleator Moor including 948 acres of agricultural land, 15 acres of woodland and farm buildings.

With much of the land let on short term arrangements the portfolio is expected to yield a gross income of £157,500 during 1995.

The closing date for any offers for this particular package is Oct 27. Other regional packages will be announced once all 500 expressions of interest from tenants have been exhausted.