Offer outbid so adjoining unit is purchased
By Louise Rose
FOLLOWING an unsuccessful offer on 642 acres in Wiltshire last year, a Savills client has recently purchased the adjoining 690-acre Rodmead Farm.
Nearly 12 months ago the arable and stock unit, Newmead Farm, Maiden Bradley, near Warminster, sold for around the £1.3-£1.5m guide. The sale, handled by Cooper & Tanner, included a farmhouse, two cottages and a range of buildings.
The vendor of Rodmead, Alastair Fitzgerald, had been involved with farming Newmead Farm and undertook all the viewings up to the successful sale of the farm last autumn.
His unit – Rodmead – is currently primarily arable with a 130-cow dairy herd. The cows and quota will be sold during 1996, with nearly 750,000 litres of milk quota by agents Cooper & Tanner.
Crispin Holborrow of agent, Savills, who handled the purchase, was unable to give details of the price, but currently arable land within the area is achieving around £2200/acre and grassland between £1200 and £1500/acre – at Rodmead almost 90% of the land is eligible for arable area aid payments.
There is also a substantial farmhouse and three cottages, although in the current farmland market it is unlikely that the sale price included any premium for the accommodation.
Mr Fitzgerald has purchased Redhouse Farm, almost 1000 acres at Swallowcliffe, near Tisbury, which is closer to other family farming interests.
Over in the south-east, since the recent marketing of a 120-acre dairy unit at Sandhurst, Kent, a neighbouring farmer has instructed the selling agents, Hobbs Parker, to also market 55 acres of adjoining land and 20,000sq ft of cattle and general purpose buildings.
The vendor of the 120-acre Lomas Farm moved down from Wales in the spring, but has decided to return home. He has found a suitable property to buy there, and therefore is looking for a quick sale on this farm.
Both the farm and additional land are being sold at auction next month (December), with guide prices of £400,000 and £150-£200,000, respectively.