Lot 2: Bridge and Brockton Estate, Newport, Shropshire, TF10

£3,500,000 - SALE

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Lot 2: Bridge and Brockton Estate, Newport, Shropshire, TF10
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Savills Rural
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Savills Rural
33, Margaret Street
London
Greater London
W1G 0JD
United Kingdom
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Lot 2: Bridge and Brockton Estate, Newport, Shropshire, TF10
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02074998644
Savills Rural

Description

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)

Description

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

Date posted: 23/08/17