The market for commercial arable land is hotting up with a number of new launches set to attract the interest of farmers and investors.
In North Yorkshire, Katherine Philips of Perkins, George Mawer & Co said there had already been 80 enquiries from all over the UK and abroad for Newlands, Cleek Hall and Barlow Lane End Farms at Selby, 14 miles from York.
Mrs Philips said the 789-acre mainly Grade 1 farm, which includes a five-bed farmhouse, four pairs of farmworkers’ cottages and a 2460t grain store, was being sold by members of the Dickinson family, who wanted to concentrate on their principal holdings in Lincolnshire.
She has guided the farm at 3.7m, but if the cottages, which generated £26,000 of rent a year, were stripped out, the price would be 2.9m.
“We’re expecting the land to go well in excess of £3000/acre.”
In order to encourage a quick sale, the property is being sold by informal tender with a closing date of 19 May, said Mrs Philips.
“Now the clients have decided to sell they want to get on with it.”
Brown & Co’s Fakenham-based Trefor Jackson is selling 616 acres of Grade 2/3 irrigated land and buildings at Hall Farm, Hindringham, north Norfolk, for £2m.
As well as grain and potato storage, there is consent to convert a range of traditional buildings into three holiday lets.
A pair of brick and flint cottages in need of renovation is also included.
Mr Jackson said he thought the purchaser would be an investor who might buy a large house in one of the attractive villages nearby, use the land for shooting and have the farm contracted.
Anthony Holliday from Brown & Co’s Bury St Edmunds’ office has three blocks of Grade 1 and 2 land for sale that he reckoned would also appeal to investors.
The largest is 261 Grade 2 acres near Hadleigh, Suffolk, priced at £2800/acre.
A 185-acre field at Wickhambrook, near Haverhill, has the same price.
In Cambs, a 178-acre parcel of Grade 1 Fenland, suitable for roots and vegetables, at Lode, near Cambridge, is priced at £3000/acre.
Bidwells’ Jim Bryant is about to launch 283 acres at Oxborough on the Cambs/Norfolk border, near Wissington.
The Grade 3 soil, which he said was light enough to grow carrots and parsnips, is guided at just under £650,000 including 13 acres of woodland.