Bidwells starts 2009 with a Lincolnshire brace

Property and agribusiness firm Bidwells has kicked off the year with a brace of farms on grade 1 and 2 Lincolnshire soils.

Greenfield & Ingleborough Farm at Friskney, near Boston, and Bell Bush & Hop Pole Farm at Deeping St Nicholas are both suited to specialist potato and vegetable production.

Greenfield & Ingleborough Farm is let on an Agricultural Holdings Act tenancy and is expected to attract an investment buyer. It runs to 500 acres of Grade 1 soils, some of which can be double-cropped. There are three cottages let on assured shorthold tenancies and a period farmhouse occupied by the farming tenant.

The holding has also benefited from considerable landlord investment in a 2000t ambient potato store and a refrigerated potato store suitable for potatoes and onions. Some traditional buildings near the farmhouse may offer development potential, said Bidwell’s Jim Bryant. “This will suit a buyer looking for a safe income stream rather than a farming opportunity.”

Mr Bryant has guided the farm at £1.85m for the whole, with an indicated income yield of 2% based on that figure.

The farm is not entirely ring-fenced but its constituent blocks are within only a few miles of each other.

Bell Bush & Hop Pole Farm’s 189 acres are available with vacant possession with a guide price in excess of £850,000. A bungalow is occupied by a tenant on a protected rent agriculture act tenancy. Mr Bryant said the Grade 2 mainly peaty soils, on the edge of some silt land, suited root cropping and were valued at about £5000/acre.