Let land offerings seek investors

Building and construction materials business Cemex UK is selling another collection of let agricultural and minerals investment land across four counties from Staffordshire to Kent.

The 807 acres is let on Farm Business Tenancies and traditional tenancies and includes bare arable and pasture land alongside houses and cottages.

The sale conditions include working rights agreements for mineral extraction by Cemex, which offer the purchasers royalties should minerals be extracted in future.

The largest area is in Staffordshire where a total of 584 acres at Alrewas near Lichfield has an overall guide price of £2.6m. This is split into six lots including the 270-acre Orgreave Farm on a traditional tenancy. A cottage and land make up the remaining five lots.

At Moddershall in the same county, a 115-acre farm with extensive buildings and Grade 3 land has a guide price of £1.3m. This is on an FBT which expires in August.

Just under 44 acres at Duncton, West Sussex, is let on a traditional tenancy and is on the market at a guide price of £200,000.

In Kent, about 64 acres of mainly arable land is available at Charing near Ashford sits in a single block, mainly let on an FBT with a small acreage on a grazing licence. This has a guide price of £500,000.

Terms for all lots include a development clawback clause for 50% of any uplift in value resulting from grant of planning for non-agricultural or non-equestrian uses. (Fisher German 01530 412 821)

Let land is also available in North Yorkshire with the launch of the Agglethorpe Estate near Middleham, Coverdale. This 508-acre farming and sporting estate in the Yorkshire Dales is being sold by the Rettie family.

While 440 acres is let, the 60 acres of mixed woodland, 950m of river frontage and a former limestone quarry are on the market with vacant possession.

“The Agglethorpe Estate offers a varied and manageable traditional rural estate in a particularly sought-after location where very little land has historically been sold,” said Tom Whitehead of Carter Jonas.

The estate is being sold as a whole, launching on 3 May, and has a guide price of £1.75m. Mainly Grade 4, the lower lying land is classified as Disadvantaged Area within the Less Favoured Area and the higher ground Severely Disadvantaged Area.

The three farms – Agglethorpe Hall Farm, Kell Gill Farm and Low Gill Farm – are all run as stock units across meadow and pasture land, some of which is improved. Agglethorpe Hall Farm has a 17th-century Grade II listed house and all the three holdings have modern stock housing and traditional stone buildings.

The sporting rights include about 950m of frontage to the River Cover and a gamekeeper’s house and outbuildings with vacant possession are available separately.

No Single Payment Scheme entitlements are included in the sale.

(Carter Jonas 01423 707 801)

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