Nearly 1,400 acres come to the market in Hampshire

About 1,398 acres has come to the market in Hampshire, making Trinley Estate one of the biggest farmland sales in the county for several years.

The 1,240 acres of arable land, about 56 acres of grassland and about 100 acres of woodland lie between Andover and the Bourne Valley and include modern farm buildings, a self-storage business and 12 cottages. The estate is offered as a whole at a guide price of £19.3m, or in lots.

“There is no principal house with the estate, which appeals to those looking to establish or create a new home, subject to planning, and also to those investors purely looking to acquire a profitable working farm,” said Giles Wordsworth, head of farms and estates at Smiths Gore.

The land is Grade 3 and is a mix of well-drained silty soil over chalk and heavier silt over clay. The current crop rotation includes wheat, barley and oilseed rape, alongside an HLS scheme.

Most of the fields are large, the biggest being about 250 acres. Access is provided by a tarmac road running through the middle of the estate.

Trinley has more than 50,000sq ft of covered farm buildings, all of which are modern. These include 4,800t of grain storage, chemical and fuel stores, machinery and general-purpose storage barns, and a new livestock barn. A number of older buildings could be converted subject to planning consent.

The sale also includes a storage business, Andover Storage, which has recently been extended to provide storage for caravans, boats and cars, with an estimated annual turnover of £130,000 when full.

There is no main farmhouse but the estate includes 12 cottages, which are mostly let under Assured Shorthold Tenancies, providing an income of about £90,000 a year.

The estate has two boreholes that have recently been upgraded and there is also a well-established shoot, which is let until 1 April 2015. All the land is covered by SPS entitlements, which are included in the sale and will be transferred to the new owner for 2015.

The estate is being sold to avoid carving up a family business between multiple successors and to enable them to follow their own business directions. (Smiths Gore 0207 409 9490)