High quality commercial investment estate, comprising two independent farms let under separate Agricultural Holdings Act Tenancies.
Lot 2: Bridge Farm comprises a farmhouse with two further detached cottages, extensive range of farm buildings, in part already diversified, and good quality arable farmland of Grade 2 and Grade 3 quality, totalling 468 acres (189 hectares)
Bridge Farm provides a rare opportunity to purchase a high quality commercial investment farm, part of the Bridge and brockton Estate, in a part of the country characterised by a relatively low supply of larger farms. Bridge Farm is let under a Agricultural Holdings Act Tenancy, on full repairing and insuring terms.
LOT 2 – BRIDGE FARM
The farm is let by way of an agreement dated 25 March 1982, with a Deed of Variation allowing a succession to a Joint Tenancy dated 23 November 1999 (so effectively a first succession)
Full repairing and insuring terms. Residential elements comprise a farmhouse with two further three bedroom detached cottages sub-let on Assured Shorthold Tenancies
Extensive range of farm buildings in part already diversified and with further potential for alternative uses
We believe the farm will also qualify for 50% Inheritance Tax relief after 7 years of ownership for an investor
Current Passing Rent: £35,000 (with sub let income share of £2,300 per annum in addition)
EPC rating E for Bridge Farmhouse and both cottages
Acreage: 468 Acres