Dales tenancy over the top
INVESTMENT motives led to 730 acres in the Yorkshire Dales National Park achieving over the guide at auction recently.
Occupied on a full agricultural tenancy – second generation -with an annual rental of £5000, Longridge, Bishopdale, near Hawes sold for £125,000, about £25,000 more than the pre-auction guide.
"If the unit was offered with vacant possession it could have made three times as much," said auctioneer Richard Turner, Richard Turner & Son.
Including grazing land and moorland the farm is all in a severely disadvantaged area with 41 acres in an ESA paying about £4000 a year to the tenant. The sporting rights over a 446-acre grouse moor sold with vacant possession.
"Interest came from various sources with three arable farmers in the bidding up to about £100,000, and the successful buyer is married to a dairy farmer," he said.n