ns `g - Savillspdf.savills.com/documents/Farm_Sales_Summer2013.pdf · 2019-01-16 · SAVILLS FA RM SALES LIS T 03 ITISASTRONGSELLERS’MARKETWITHLIMITEDSUPPLYPUSHING VALUESTHROUGHTHE£10,000PERACREBARRIER

SUMMER 2013

| Farms and Estates |

F A R MS A L E S L I S T

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0 2 S A V I L L S F A R M S A L E S L I S T

nce again, I am pleased tointroduce our annual Farm SalesList,which provides an overviewof some of the farms, estates and

land holdings currently being marketed bySavills. I hope that this, together with theregional commentaries from our local experts,will be of interest to you.It comes at a time of varying fortunes for

farmers.The weather has been difficult foralmost everyone; last year’s yields weredisappointing and with crop establishment thisyear having been very testing, it looks asthough the 2013 harvest might be underpressure too.The impact on arable farmers isobvious, although last year’s disappointingyields have been slightly offset by the increasein the price of grain,while the knock-on effecton feed prices,plus poor forage crops, iscausing real hardship to the livestock sector.However, as our regional reports clearly

show, the market remains generally buoyant.There is sufficient confidence among buyers to

P3 N O R T H & M I D L A N D S A strong sellers’ market with land values rising fast

P12 E A S T The quality of the land is paramount and location matters more than ever before

P18 S O U T H W E S T The major considerations for purchasers in the South West is location and land quality

P25 S O U T H Large blocks of bare land are driving competition between international buyers, farmers and investors

P34 C E N T R A L The market goes from strength to strength but is countered by a limited supply of new land

P38 S C O T L A N D Tight supply south of the border makes Scotland look good value and is encouraging buyers north

P42 W A L E S The market is buoyant in Wales with both prominent local purchasers and those from across the border

P47 I N T E R N AT I O N A L The international farmland market is growing and offers huge opportunities

P50 D I R E C T O R Y Contact details for the Savills Farms and Estates team

maintain rising values, even if some of ourcolleagues have begun to detect caution as topprices break through the five-figure threshold.With the strongest demand coming fromexisting farmers and investors, the moreresidentially-weighted holdings are beingput under pressure, which means that quality,location and pricing are critical.Nevertheless, a sensible approach can

generate competition and result in highlysatisfactory sales.The lack of farmland being

publicly offered for sale continues to be astriking characteristic, and while this is pushingrecord prices, it is also causing frustrationamong the numerous unsuccessful purchasers.However,many of our Savills experts reportbeing involved in a growing number of privatesales.The statistics quoted in these pages andthe farms we present, are therefore only oneaspect of the overall activity.Within this strong market, the only

uncertainty stems from the mounting politicalpressure both here and in the EU. It remainsto be seen what effect domestic economicfactors and ongoing discussions over CAPreform will have on subsidies and thedomestic farming sector in general.Our hands-on experience of the farms and

estates sector, backed up by statistical analysis,and access to the most active buyers, isunrivalled.If you would like to discuss any issues raised

by this year’s Farm Sales List,we would bedelighted to hear from you.

Welcome

C O N T E N T S

Farm Sales List is published on behalf of Savills UK Ltd by Casella Publications Ltd. All information correct at time of going to press. All rights reserved. Articles may not be reproduced

without written permission from the publisher. Opinions expressed are those of the author and not Savills or the publisher. While every care is taken in compiling the content, neither

the publisher nor Savills UK Ltd assumes responsibility for effects arising from this publication. Property Misdescriptions Act Savills recommends that applicants discuss their interest

in a property with the negotiator who can answer more specific questions and advise if it is under offer. This is especially important if you are contemplating travelling some distance to

view the property. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility, and any

intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise to the correctness of each

of them. Investment advice: The information and opinions contained in this magazine do not constitute professional advice and should not be relied upon. Specific advice relating to

your individual circumstances should be obtained.

Alex Lawson, of Savills Farms and Estates team in London, reports that theagricultural sector for 2013 is buoyant and strong with a confident outlook

O

CONTENTS

Our expertsreport

being involved in agrowing numberof private sales”Alex Lawson

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S A V I L L S F A R M S A L E S L I S T 0 3

IT IS A STRONG SELLERS’ MARKETWITH LIMITED SUPPLY PUSHINGVALUES THROUGHTHE £10,000 PER ACRE BARRIER

North & Midlands

espite the overall statistics forvalues and supply in theNorth and Midlands beingbroadly consistent with

UK-wide figures, the regions saw somedramatic internal variations. “Supply acrossthe UK is at almost its lowest level ever,down 12% to about 137,000 acres,” saysAndrew Black of Savills York. “Within ourregion it is even more dramatic. In the EastMidlands as a whole supply fell by 50%,and by 65% in Lincolnshire; in Staffordshireit fell by 76%; and we saw big reductionsin South Yorkshire (61%), Shropshire(59%), Lancashire (55%) and the EastRiding of Yorkshire (47%).“Yet we also saw some significant

D

competition for a very limited number offarms, and there is no reason to expectgreater supply. We used to see aperceived upper barrier at £10,000 peracre, but now we’ve hit that barrier itdoesn’t actually appear to be affectingdecisions. And having hit it, there’s nothingto stop values rising further.”Of course, these high prices do not

apply to every acre — only commercialfarms and smaller blocks with keen localfarmers. More broadly, the average valueof prime arable land in the North rose by13.5% last year, to £7,650 per acre.Growth was also recorded in the Grade 3arable sector, where the average valuesrose by 12.7% to £5,900 per acre. Dairyland averaged almost £6,500 per acre, anincrease of 13% on 2011 values.In the East Midlands, Stephen Hall of

Savills Lincoln reports a similar scenariofrom last year. “Prime arable land is quotedat £7,500 to £8,000,” he says, “but in factquality land is fetching at least £8,000,often £9,000 and sometimes over £10,000per acre. Size and location are key toachieving these top prices, since investorsare our principal buyers, who want farmsto run as big businesses. One block ofjust under 1,000 acres that was offered at

a guide of £7,000-£8,000 went intodouble figures.“Supply is constrained — farmers are

holding on to their land and contracting itout — but behind the publicly marketedland there is much more land being tradedprivately. It’s a strong sellers’ market, andthere are plenty of sellers taking advantageof it. They just want to do it discreetly.“It is understandable that farmers want

to hold on to their land, with its taxadvantages and investment potential. Butnow is as good a time as any to sell: wehave seen significant growth and there isplenty of money in the market that mightnot be around forever.”

Contact DetailsAndrewBlackSavills York01904 617 [email protected]

StephenHallSavills Lincoln01522 508 [email protected]

We’re seeingintense

competition fora very limitednumber of farmsin Yorkshire”Andrew Black

increases of supply: up 257% in Durhamand 118% in West Yorkshire, although wewere starting from a low base. In NorthYorkshire the supply was maintained at10,500 acres, the same as 2011.”With demand continuing unabated,

Andrew has noticed displaced buyerscreating something of a bottleneck upnorth. “One or two very big buyers in EastAnglia displaced buyers to Yorkshire,” hesays. “So our local buyers looked furthernorth, but with supply in Northumberlandreducing by 33% last year, there wasnowhere for them to go.“As a result we are seeing intense

Size andlocationare key

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NORTH & MIDLANDS | DERBYSHIRE

Dingers HollowMacclesfield, Derbyshire

This residential hill farm is surrounded by itsown gardens with a backdrop of woodlandwith a natural waterfall.

Key features● 4 bedroom farmhouse subjectto restriction●Traditional and modern farm/generalpurpose outbuildings● Principally pasture land

Guide £975,000/187 acresContact: Savills Telford01952 239 500Savills Wilmslow01625 417 450

Situated in a beautiful unspoiltvalley in the Peak District

Banks FarmAlfreton, Derbyshire

Banks Farmhouse is a substantial detachedfamily home set back from the road withNewton village half a mile away.

Key features●4 bedroom farmhouse●114 acres of productive farmland●Substantial range of farm buildings formerlyused for housing dairy cows●Available as a whole or in 3 lots

Guide £1,250,000 /114 acres

Contact: Savills Nottingham0115 934 8123

A wonderfully situated farmLot 1 Under offer



DERBYSHIRE , LE ICESTERSHIRE | NORTH & MIDLANDS

Quenby HallHungarton, Leicestershire

An historical country estate with parkland,farmland, and woodland and accessed via along private drive.

Key features● 11 bedrooms, 7 reception rooms●7 additional houses/cottages and 4 flats●Courtyard, stable yard, farm buildings● Pasture, arable and woodland● Lakes and shoot

Guide £11,000,000/1,013.5 acres

Contact: Savills London020 7016 3780

Grade IJacobeanmanorhouse

An importantarchitecturaland historical

estate

Dunston Hole Farmnr Chesterfield, Derbyshire

This offers prospective buyers theopportunity to attain a diverse mix of assetsboth in hand and let.

Key features● Large 4 bedroom farmhouse●Extensive equestrian facilities●Converted farm building with B1 office use●Converted cottage with consulting rooms●Available as a whole or in 3 lots

Guide £1,300,000 /Approx 36 acres


A rural property complete withmixed income streams


NORTH & MIDLANDS | L INCOLNSHIRE /RUTLAND


Holywell FarmClipsham, Lincolnshire

A commercially run, predominantly arableholding on the Lincolnshire/Rutland borderincluding an established shoot.

Key features● 6 bedroom farmhouse (in need ofrefurbishment) with mature gardens●Range of farm buildings● 2 further farmsteads●Available as a whole or in up to 4 lots

Offers in excess of£6,250,000 / 862.98 acres


An attractive predominantlyarable commercial farm

Holywell HallClipsham, Lincolnshire/Rutland Border

Amajestic property within formal gardens,lakes and grounds.

Key features●Grade II* listed hall with 10 bedrooms,8 bathrooms, 5 receptions and annexe● Orangery, fishing temple, chapel, dovecote● 2 cottages and traditional buildings● Formal gardens, lakes and grounds

Guide £4,750,000 /74.42 acres


Grade II* listed Georgian Hallwith stunning gardens


L INCOLNSHIRE /NOTINGHAMSHIRE | NORTH & MIDLANDS


Brookhill Hall FarmPinxton, Nottinghamshire

Brookhill Hall Farm has an extensive rangeof buildings and surrounding land and isclose to major roads such as the M1 and A38.

Key features● 136 acre dairy farm with dairy and livestockrearing buildings for up to 200 dairy cows● 4 bedroom farmhouse●Modernised slurry and effluent storage●Available as a whole or in 4 lots

Guide £1,200,000 /136 acres


Withlicensedborehole

Compact dairy unit inan attractive setting

Drayton HouseSwineshead, Lincolnshire

An excellent investment opportunity to buyhighly sought after Grade 1 land in an arearenowned for its quality and versatile soil.

Key features● Predominantly Grade 1 land● 3 bedroom cottage let on a Rent(Agriculture) Act Tenancy● Farmyard including hard standing● Let on an FBT until 2014

Guide £2,500,000 /244 acres

Contact: Savills Lincoln01522 508 933

Under offer

Sold

Highly productiveand versatile


NORTH & MIDLANDS | NOTTINGHAMSHIRE , STAFFORDSHIRE


BrancoteTixall, Staffordshire

Brancote Farm is situated in an Area ofOutstanding Natural Beauty.

Key features●7 bedroom Victorian farmhouse●3 bedroom cottage●47,000 sq ft of outbuildings●Good quality arable and grassland

Guide £2,250,000 /213 acres

Contact: Savills Telford01952 239 500

Superb residential arableand livestock farm

Under offer

Low FarmSyerston, Nottinghamshire

This 17th and 18th century Grade II listedfarmhouse, located on the edge of a village,is available as a whole or in 3 lots.

Key features●Grade II listed farmhouse●Range of outbuildings, garaging,entertainments barn, equestrian facilities anda 3 bedroom barn conversion●Arable land subject to a short term FBT

Guide £2,325,000 /96 acres


Extensivegroundsand

facilities

A stunning period farmhouse


EAST YORKSHIRE ,NORTH YORKSHIRE | NORTH & MIDLANDS


Hanging Hill FarmMalton, North Yorkshire

Set in undulating productive farmland with aspacious farmhouse and additionalaccommodation.

Key features●Spacious3bedroomhouse and separate cottage●Productive farmland●Horse boxes and sand arena● Amenity lake and cabin● Available in lots

Guide: £1,340,000 /120 acres

Contact: Savills York01904 617 800

Attractive country property withequestrian facilities

Manor FarmBempton, East Yorkshire

Manor Farm is an attractive and spaciousGrade II listed family house with flexibleaccommodation, set in landscaped gardens.

Key features●Spacious period family house with selfcontained annexe●Converted granary, stables and tack room●All weather arena, grass paddocks andagricultural land

Guide £1,000,000 /28.66 acres


Flexible family house withequestrian facilities



NORTH & MIDLANDS | NORTH YORKSHIRE , L INCOLNSHIRE

Huddlestone GrangeSherburn In Elmet,North Yorkshire

In need of modernisation, this substantialGeorgian farmhouse offers great potential.

Key features●A stone built four bedroom farmhouse inneed of renovation●Modern farm buildings●Grass paddocks● Productive, well drainedGrade 2 arable land

Excess £700,000 /46.92 acres


DetachedGeorgianfarmhouse

Versatile property in private setting

Sheepwalk FarmEscrick, North Yorkshire

Key features● 5 bedroomhouse ● Extensive range of traditional

farm buildings ●Modern farm buildings● Pair of 3 bedroom semi detached cottages

●Grass paddocks and agricultural land

£1,500,000 / 109.33 acresContact: Savills York 01904 617 800

Attractive period family house

Priory FarmThorpe Tilney, Lincolnshire

Key features●An immaculate 5 bedroom barn conversion

●A charming 3 bedroom cottage●Versatile and productive Grade 3 land in a single block

●Available as a whole or in 3 lots

Guide £2,165,000 / 182 acresContact: Savills Lincoln 01522 508 933

Highly sought after area

Under offer

Under offer



Manor House CottageThirsk, North Yorkshire

A comfortable family home with excellentequestrian facilities at the foot of theHambleton Hills.

Key features●Spacious 4 bedroom family house●1 bedroom annexe●10 stables and 3 pony boxes●Outdoor sand arena

Guide £1,000,000 /41.5 acres


Soughtafter

location

Family home with equestrian facilities

Lilac FarmMalton, North Yorkshire

An exceptionally well equipped training yardin a private position close to the village ofYedingham.

Key features● Spacious family house● 28 stables● 3 1/2 furlongs oval gallop● All weather lunge ring

Guide £825,000 /11.56 acres


Well equipped training andequestrian yard

NORTH YORKSHIRE | NORTH & MIDLANDS


FUTUREGROWTH FAVOURS LARGE PARCELSOF TOP-QUALITY ARABLELANDORWELL-LOCATEDHOLDINGS

East

s a note of caution beginningto creep into the farmlandmarket? Christopher Miles ofSavills Norwich thinks

perhaps it is. “After two poor years,farmers are understandably cautious,although in the East many farmers avoidedthe worst,” he says.“A good commercial farm in Norfolk

would now achieve over £8,000 per acre.But how long can this last in the face ofCAP reform, volatile wheat prices, rising

IChristopher, “but it has helped prices risefor the eighth successive year — by 8.8%last year. Good arable achieved £8,000per acre, but more in many cases;£12,500 per acre was the peak last year.Future growth will favour top-quality orwell-located holdings. Other types of landare beginning to tread water in terms ofprice, so the gap is set to widen.”This includes Grade 3 arable land,

which averaged £7,300 per acre last year(up 5.9% on 2011); poor quality arableat just over £5,400 (up 6.6%) andGrade 3 pasture at £3,250. Predictingwhat land will command a premium isnot straightforward, however, as Adrianpoints out.“Of course good quality land will

achieve higher prices,” he says, “but itcan be hard to tell what constitutes goodquality; yield is often less of a driver ofvalue than location and who happens tobe active in the market at the time. Thereare numerous variables involved, and themarket is the only judge of them.“Buyers are discerning and very aware

of individual circumstances. So valuesoften depend on a micro-market —within the county, or even within afive-mile radius, local conditions and

neighbouring farmers’ positions canaffect outcomes.”In general, though, demand is for big

blocks of bare land, which attractsstrong interest from farmers andinvestors. “Investors are a real strength,”Adrian says. “They want large parcelswith the quality for a reliable harvest.”This year looks set to remain steady.

Christopher expects values to startlevelling out but overall the outlook is fair.“I am cautiously optimistic,” he says.“There’s no prospect of values nose-diving — too many positives outweighthe negatives. Limited supply shouldsustain and strengthen values.”

Lack ofsupply has

helped prices risefor the eighthsuccessive year”Christopher Miles

input costs and the possibility of adisappointing harvest this year? Values arenear the level at which it must be temptingfor some farmers to sell off-lying land.”Adrian Wilson of Savills Cambridge

agrees: “Last year we heard commentsthat things were starting to lookexpensive.” However, given the smallamount of land coming onto the market,sellers can relax for the time being.In 2012 16,000 acres of farmland were

publicly marketed in the East, comparedwith 21,700 acres in 2011, a decrease of26%. Significant decreases were seen inCambridgeshire where the 3,400 acresoffered was 55% down on 2011’s 7,571acres. Decreases were also seen in Suffolk(28%) and Essex (59%). Increases of107% in Norfolk, 195% in Hertfordshireand 21% in Bedfordshire were not enoughto offset the trend.“Lack of supply is a real issue,” says


AdrianWilsonSavills Cambridge01223 347 [email protected]

Contact DetailsChristopherMilesSavills Norwich01603 229 [email protected]

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BEDFORDSHIRE , CAMBRIDGESHIRE | EAST

Townmoor & Station FarmsLittleport, Cambridgeshire

Key features●Grade 1 fenland

● 3 bedroom bungalow● Farm buildings


£2,700,000 / 320 acresContact: Savills Cambridge 01223 347 231

Commercial fenland farm

Land at Home FarmIckwell Green, Bedfordshire

Key features●Grade 3 arable and grassland

● Former parkland● Edge of village location


Guide £785,000 / 117 acresContact: Savills Cambridge 01223 347 231

Redgate FarmGuyhirn, Cambridgeshire

This farm provides the opportunity toacquire a large dairy with the potential forfurther expansion.

Key features●Cubicle house for 600 cows●20:40 rapid release parlour●4 bedroom house and staff accommodation●Grade 1 farmland

Guide £3,400,000 /307 acres

Contact: Savills Cambridge01223 347 231

Land in a desirable location

Large modern dairy unit

Locatedin thefertilefens

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EAST | ESSEX

Netherhouse FarmSewardstone, Essex

This compact residential farm is locatedwithin the M25 between ChingfordandWaltham Abbey.

Key features●Grade II listed 5 bedroom farmhouse●Extensive range of traditional andmodernfarmbuildings●Permanent grassland andwoodland in aring-fenced block

Guide £4,250,000 /190 acres

Contact: Savills Chelmsford01245 293 243

On theurban fringe

of theM25

Coryton EstateCorringham, Essex

Diverse estate on the fringe of theThames Port development.

Key features● 5 bedroom farmhouse● Range of modern and traditional farmbuildings, part used for equestrian purposes● Arable, grassland and saltings● Subject to various tenancy agreements

Price on application /845 acres


Diverse estate in theThames Gateway

An easily accessible residential farm

Grade IIlistedhouse

p12-17 East final.indd 14 09/05/2013 13:31


ESSEX | EAST

Frogs Hall FarmTakeley, Essex

Arable farm close to Stansted and A120.

Key features●Two 3 bedroom houses●Range of buildings●Grade 2 arable land● Strategic location● Established riding centre

Guide £1,900,000 /133 acres


Scopefor

development

Arable farm with diversification

Lower Goulds FarmBures, Essex

68 acre grassland farm, with new build lowenergy farmhouse.

Key features● 5 bedroom eco-house● Essex Barn with planning permission for 3bedroomhouse● Studio and range of farm buidlings● Permanent grassland in a ring-fenced block



Moderneco-home

Ecological smallholding

p12-17 East final.indd 15 09/05/2013 13:31


EAST | HERTFORDSHIRE

Low FarmRoyston, Hertfordshire

This substantial house comes with extensiveequestrian facilities and impressive views overthe countryside.

Key features●6bedroomhouse●20boxes and outdoormènage●Extensive watered paddocks●Rivermeadows

Guide £1,750,000 /82 acres


Farreachingviews

Under offer

Spacious equestrian property

Old Ramerick ManorFarmIckleford, Hertfordshire

An impressive Grade II* manor house set in248 acres of arable and grassland.

Key features● Grade II* listed manor house● 2 cottages● Range of traditional farm buildings● Grade 2 arable and grassland

Guide £4,000,000 /248 acres


Grade II*listedmanorhouse

Attractive ring-fencedresidential farm

p12-17 East final.indd 16 09/05/2013 13:31


SUFFOLK | EAST

Kinvara ManorWhepstead, Suffolk

Substantial modern country housesurrounded by a parkland garden.

Key features● 5 bedroom house● 3 bedroom cottage● Grade 2 and 3 arable land● Farm buildings

Guide £2,890,000 /152 acres


Enviable rural setting

Moderncountryliving

Land at Debach AirfieldWoodbridge, Suffolk

Good quality farmland in an attractive andpopular location close to the Suffolk HeritageCoast.

Key features●Good quality commercial farmland●Good road access● SPS entitlements

£1,500,000 /185 acres

Contact: Savills Ipswich01473 234 822

Productivebareland

Block of commercial farmlandUnder offer

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VALUES DEPEND LARGELYONLOCATIONBUTTHEQUALITYOF THE LAND IS CRUCIAL FOR A TOP SALE

South West

he South West saw thesupply of publicly marketedfarmland shrink in 2012, by19% overall. However, this

figure masks fluctuations. In Devon, supplyfell by 50% to 4,769 acres (from 9,470acres in 2011); in Cornwall by 20%; and inDorset by 7%. Somerset, though, saw a100% increase, to 4,724 acres.This restricted supply underpinned a

strong market. “There wasn’t a hugeamount of land on offer — 17,933 acres intotal, compared with 22,112 acres in2011,” says Penny Dart of Savills Exeter.“But we handled a good share of whatwas available.“We saw outstanding demand for

commercial units: big blocks of arableland, and equipped farms. Demand forresidential farms was weaker; investorscontinue to be major players in the market,and they want bare land as a refuge fromInheritance Tax (IHT).”So what does this mean for values in the

South West? Last year the average valueof prime arable land rose by 12.5%compared with 2011 prices, to £7,500 peracre. This compares favourably with theUK average rise of 10.2%, to £7,600 peracre. Grade 3 arable land rose 8.8% to£6,100 per acre, while prime dairyincreased by 14.2%, to £6,600 per acre.“Values depend largely on location.

Whilst prime arable land averaged £7,600per acre, some prime land in a goodlocation has achieved £12,000 per acre,”says Penny. “These values should betreated with caution,” she warns. “Thedifference between top-quality arable andmediocre pasture land is widening, withthe latter averaging £5,000 per acre.Quality is crucial for a top sale, and not allland achieves headline prices. Forinstance, with 2012 being a very wet year,poorly drained land is struggling.”Quality is also essential for lifestyle

T

buyers, who are returning to the market onthe back of the growing differencebetween London and country prices.“Buyers can get ever more for their moneydown here,” says Penny. “Even so, realisticpricing is essential where residentialelements represent a significant proportionof a farm’s value. A prime example of sucha property is Bradstone Manor Farm, nearTavistock: 469 acres with a classicfarmhouse that sold to a lifestyle buyer at aguide of £4.75 million. Our biggest sale of2012 was the 543-acre Walreddon Manorestate, near Tavistock, which sold well at aguide price of £6.5 million.”Cornwall also saw sustained interest for

bare commercial land. “Farmers andcorporate buyers are paying a premium for

size and for locations suitable for earlycropping,” says Penny.

“There is also strong demand for landsuitable for growing potatoes or bulbs;our office’s biggest sale was PendarvesFarm near Camborne, a 178-acredaffodil farm which achieved close toits £2.25 million guide.“Also in demand are farms that have

diversified into leisure, especially if they arehandy for sailing on the south coast orsurfing on the north. Farms like TrevearFarm near Padstow: a 76-acre holdingwhose farm buildings had planningpermission for conversion to holiday lets,offered at a guide of £1.5 million.”Penny anticipates a similar market over

the next year, with prices maintained butlimited choice. “I don’t anticipate asignificant surge in supply, but what doescome on I expect to sell well.”

Corporatebuyers are

paying a premiumfor locationssuitable for earlycropping” Penny Dart

Contact DetailsPennyDartSavills Exeter01392 455 [email protected]


p18-24 Southwest final2.indd 18 14/05/2013 11:43


Shircombe FarmHawkridge, Exmoor

Modernised farmhouse with fabulous wildlifeand sporting appeal, including “ShircombeBrake” and “Danes Brook”.

Key features●Modernised farmhouse●Holiday cottage●Versatilemodern farmbuilding● Productive pasture

Guide £1,950,000 /182 acres

Contact: Savills Exeter01392 455 747

Stone FarmExford, Somerset

Built in the mid to late 18th century, thisbeautiful manor house is situated within itsown parkland.

Key features●FineGrade II* listedGeorgianmanor house●Period outbuildings, including 2 bedroomcoachhouse, stabling and amodern bungalow●Modern and versatile farmyard● Parkland, grazing and enclosed moorland

Excess £3,750,000 /586 acres


Privaterural

location

A countryman’s paradise

Wildlife and sporting appeal

SOMERSET | SOUTH WEST


SOUTH WEST | DEVON


Productive arable landLand at AshwaterBeaworthy, Devon

The land is divided into a number of goodsized enclosures to form a very usefulring-fenced holding.

Key features● Extensive block of productive arable land●Commercial woodland●Modern farm building● Potential to create new farm holding (STP)●Road frontage

Guide £1,650,000 /301.24 acres


Withcommercialwoodland

Productive grasslandand farm buildings

Coombe ParkLynton, Devon

Coombe Park is spectacularly situated,offering farming, conservation, shooting,sporting and amenity potential.

Key features● Extensive block of productive grassland●Modern farm buildings● Potential to create new farm holding (STP)●Road frontage●Agricultural, sporting and amenity potential

Guide £1,375,000 /414.83 acres acres


Largeagricultural

unit

Under offer


DEVON, CORNWALL | SOUTH WEST


Land and buildingsat LivertonDevon

Productive arable land and a complex ofbuildings with excellent access to the A38.

Key features● Extensivecomplexofmodernbuildingsandyard●Workshops, offices and agricultural uses● Strategically located land● Excellent communication links to the A38● Productive level arable land

Guide £660,000 /28.12 acres


Wellpositionedland andbuildings

Sold

Commercial andresidential opportunities

Tregirls andTrespettigueAltarnun,Cornwall

Quiet rural setting with potential to restorethe main house and the adjacent barn.

Key features● Farmhouse and annexe for restoration●Traditional farm buildings for conversionto residential, live work unit and holidayaccommodation●Attractive and productive pasture land

Guide £945,000 /91.62 acres

Contact: Savills Truro01872 243 222

Development opportunity


SOUTH WEST | DEVON


Land at Dragdown Hilland NethercottSpreyton, Devon

The land is situated close to Spreyton, a smallrural village to the north of Dartmoor.

Key features● Productive arable and pasture land●Natural and planted mixed woodland●Amenity and sporting opportunities

Guide £570,000 /136.26 acres


An extensive run of arable,pasture and woodland

Deepaller FarmTiverton, Devon

Non-listed traditional farmhouse withscope for improvement.

Key features●Courtyard of traditional farm buildingswith potential (STP)●Modern farm buildings● Productive pasture land with ponds andwoodland

Guide £970,000 /85 acres


Plenty ofpotential

Sold

Mid Devon holding


DEVON| SOUTH WEST

PickedstonesSimonsbath, Exmoor, Devon

A comfortable farmhouse set in an attractivecourtyard of traditional buildings within oneof the UK’s great unspoilt landscapes.

Key features● Farmhouse and adjoining courtyard oftraditional buildings with potential (STP)● 3 bedroom bungalow● Further traditional andmodern farmbuildings● Productive pasture and woodland

Guide £1,750,000 /324.15 acres


Heart ofExmoorNationalPark

Spectacular hill farmwith potential

S AV I L L S F A R M S A L E S L I S T 2 3

Lower HighleighExebridge, Dulverton

Charming farmhouse surrounded byproductive pasture andmature woodland withan attractive stream.

Key features● 5 bedroom farmhouse with conservatory● South-facing gardens, plus summerhouse● Versatile outbuildings● Sheltered and productive pasture within aring fence, mature woodland and a stream

Guide £1,175,000 /88.32 acres


Farmhouse in stunning location

Sold



CORNWALL , DEVON | SOUTH WEST

Pawton Gate FarmWadebridge, Cornwall

Key features● 4 bedroom farmhouse (AOC) ● Modern farm building

● Attractive pasture ● Fantastic views to theNorth Cornwall coast

Guide £500,000/ 30 acres

Contact: Savills Truro 01872 243 222

Hendra FarmCamelford, Cornwall

Key features● 4 bedroom bungalow ● Modern farm buildings and

stables ● Attractive pasture ● Fantastic views over open countrysideand to BodminMoor

Guide £575,000/ 29.90 acres

Contact: Savills Truro 01872 243 222

North Cornwall lifestyle farmResidential farm with far reaching viewsto the Camel Estuary

Bradstone ManorBradstone, Tavistock

Ancient woodland, productive arable andpasture land surround the manor andfarmstead providing privacy and protection.

Key features●Historic manor and gatehouse● Pair of 2 bedroom cottages●Traditional buildings with potential●Modern farm buildings●Established livery yard with 2 bedroom flat

Guide £4,750,000 /470 acres


Grade II*manorhouse

Sold

Outstanding historic manor farm


INTERNATIONAL BUYERS, FARMERS AND INVESTORS ARECOMPETINGACROSS THE REGION FOR LARGE BLOCKSOF LAND

South

ith top prices reaching£10,000 per acre, there issome uncertainty about howmuch longer farmers will be

prepared to pay premium prices. “The bigquestion is when will farmers decide thatenough is enough, especially after lastyear’s poor harvest and this year’s lateplanting?” says David Cross of SavillsSalisbury. “There is still appetite out there,but over the next 12 to 18 months we willneed to keep an eye on farm incomes. We

Wland. “Large units of Grade 3 arable areachieving up to £10,000 per acre,” hesays. “Last year no sizeable parcels weretraded for less than £9,000 per acre.”These values may be underpinned by

lack of supply, but an increase in privatesales masks the amount of land actuallybeing sold. “More and more individualswant discretion,” says David, “so a lot ofland is being traded off market.”Buyers in 2012 varied across the South.

In the South East, says ChristopherSpofforth of Savills Haywards Heath, localand international lifestyle buyers wereactive, but there were few investors on thescene. Further west, however, investorsare major players, according to David.Farmers are active throughout the region.Last year the strongest demand was for

blocks of bare arable land. Indeed, GeorgeSyrett sees a “divorce” value in selling landseparately. “Many farmers are takingadvantage of Capital Gains Tax rolloverrelief after selling land for development andreinvesting in agricultural land.“Size is now a key measure of quality.

Last year we sold 650 acres at TuftonWarren near Whitchurch. In March thisyear we saw the quick sale of ManorFarm, West Overton, a 665 acre bare

arable farm with no house or buildings,which sold above its guide price of £6million. As the first large block of land tocome to market for a while, it was a realtest. Its guide price was £7,000 per acre; itachieved £10,000.”Christopher saw similar success with

the 654-acre Court Lodge Farm atEwhurst Green. “It generated competitionand sold to a local farmer for more than itsguide of £4.75 million.”

There canbe a‘divorce’

value in sellingland separately”George Syrett

expect to see continued growth with aslight plateau at £10,000 per acre whilebuyers get used to five-figure prices.”Still, with less land coming onto the

market, values should remain solid. In theSouth East as a whole, 12,741 acres offarmland were publicly marketed in 2012, adecrease of 23% on 2011. County bycounty, supply contracted even further: by43% in Hampshire, 57% in Kent, 44% inWest Sussex and 46% in Berkshire. EastSussex, though, bucked the trend byrecording a 410% increase, to 2,585 acres.Not surprisingly, prices in 2012

continued to rise. In the South East, theaverage value of prime arable land rose10.6% to £7,130 per acre; Grade 3 arableland saw 18% growth, to an average of£6,870 per acre; and poor arable land roseby 8%, averaging £5,400 per acre.George Syrett of Savills Winchester

reports international buyers, farmers andinvestors competing for blocks of bare

DavidCrossSavills Salisbury01722 426 [email protected]

Chris SpofforthSavills Haywards Heath01444 446 [email protected]

George SyrettSavillsWinchester01962 834 [email protected]

Contact Details


p25-33 South final2.indd 25 14/05/2013 11:44


SOUTH | DORSET

Mappowder CourtMappowder, Dorset

Attractive Grade II* manor house withextensive stabling, set in glorious rollingDorset countryside.

Key features●Fine Grade II* listed manor house with 5bedrooms and far reaching views●Range of 19 stables, horsewalker, 3/4 mileall-weather gallop, paddocks●Fishing lakes

Guide £7,000,000 /674 acres

Contact: Savills Salisbury01722 426 810

Farreachingviews

Dorset jewelSold

West Pimperne FarmBlandford Forum, Dorset

Ring-fenced arable farm within theCranborne Chase.

Key features●Substantial 4 bedroom farmhouse● 2 semi detatched cottages with land●Brick and flint traditional barn and rangeof modern farm buildings●Productive Grade 3 arable land

Guide £2,400,000 /149 acres


Productive arable farmin the heart of Dorset

Under offer


DORSET | SOUTH

Culeaze EstateWareham, Dorset

This is a charming estate withfishing rights on the River Piddle.

Key features● 5 bedroommain house, including 3flats, anannexe and a holiday cottage●Range of farmbuildings and stables●Grazing andwoodland, andfishing on theRiver Piddle

Guide £3,000,000 /60 acres


Compactring-fenced

estate

S AV I L L S F A R M S A L E S L I S T 2 7

Well located in south Dorset

Little Sharpshaw FarmFrome, Dorset

Key features● Block of productive arable and grassland ●Pair of

semi detached cottages ●Road frontage ●Option for a solar park(subject to planning)

Guide £2,500,000 / 250 acres

Contact: Savills Salisbury 01722 426 810

Productive arable and grassland

Little Moors FarmWimborne, Dorset

Key features●Grade II* listed 5 bedroom farmhouse ● Private drive and walled

garden ●Range of traditional andmodern farm buildings● Productive farmland

Guide £1,500,000/ 98 acres

Contact: Savills Salisbury 01722 426 810

A charming period farmhouse set atthe end of a long private drive

Under offer



SOUTH | EAST SUSSEX

Isfield PlaceIsfield, East Sussex

Set in beautiful rolling countryside, thismagnificent estate is a mere 55 miles southof London.

Key features●Grade II* listed house●2 cottages and 1 flat●Range of farm buildings●Arable, pasture and woodland●Fishing and shoot

Guide £9,500,000 /311 acres


Grade II*listedhouse

A prestigious country estate

StonehouseHigh Hurstwood, East Sussex

Exceptional listed farmhouse in a peacefuland secluded location.

Key features●6 bedroom listed farmhouse with annexe●Arable, pasture and woodland●Secluded location●As a whole or in lots

Guide £3,250,000 /160 acres

Contact: Savills Haywards Heath01444 446 066

Rarely seen onthe High Weald

Sold



EAST SUSSEX | SOUTH

Nodes FarmMagham Down,East Sussex

A superb equestrian farm of approximately52 acres, with breathtaking views towards theSouth Downs.

Key features● Beautifully presented 5 bedroom house●Outstanding views● Superb equestrian facilities,including 4.6 furlong all-weather gallops●Grooms’ accommodation

Guide £1,950,000 /52 acres


Equestrian and grassland farm withdevelopment potential (subject to planning)

A charming period farmhouse set at the end of along private drive, surrounded by its own land

Magnificent equestrian facilities

Court FarmRotherfield, East Sussex

This agricultural land of 114 acres hasplanning consent for a 5 bedroomfarmhouse plus a range of other buildings.

Key features●Ring-fenced grassland farm●Planning consent for farmhouse, buildingsand equestrian facilities●Scenic edge of village location



Withplanningconsent

Rare opportunity tobuild your own farm



Beaurepaire ParkBramley, Hampshire

This magnificent manor house and historicpark extending over 248 acres is within easyreach of the M3 andM4.

Key features●Moated manor house and 3 cottages●Cloistered courtyard incorporating office,games room, orangery and store room●Tennis court, stable yard, lakes and streams●Parkland, arable land, woodland

Price on application /248.9 acres


Stunningmoatedmanor

Hensting FarmOwslebury, Hampshire

Set in the idyllic Hensting Valley, this is animpressive farmhouse with a range ofoutbuildings including a 17th century barn.

Key features●7 bedrooms, 4 reception rooms●Cottage andGrade II* thatched barn●Extensive range of farm buildings, 15 stablesand an old granary●As a whole or in lots (Lot 1 Guide £2.85m)

Guide £4,500,000/84.2 acres

Contact: Savills Winchester01962 834 052

Grade IIfarmhouse

Attractive residential farm

SOUTH | HAMPSHIRE

An estate ofmedieval origins



The Buttermere EstateHampshire

This is an exceptional, compact sportingestate of the highest calibre in a highlyaccessible area.

Key features●A ring-fenced sporting estate with asubstantial principal house●3 staff/guest cottages, garaging, stabling,outbuildings and farm buildings●Attractive farmland and woodland



Exceptionalsportingestate

Outstanding natural beauty

HAMPSHIRE , WEST SUSSEX | SOUTH

EastlandsBillingshurst,West Sussex

Key features●About 135 acres ● 4 bedroomhouse

● Landscaped grounds including lakes, pasture and woodland● 2 bedroom bungalow ● Substantial, modern barn with

shop and event venue facilities

Guide £2,000,000/ 135 acresContact: Savills Haywards Heath 01444 446 066

Diversity and Downland views

Land at Hawk’s Nest FarmFareham, Hampshire

Key features●Good quality arable and pasture land in a single block

●Grazing paddocks ●Main road access●Available as a whole or in 6 lots

Productive block of arable and pasture land

Guide £1,200,000 / 139.65 acresContact: Savills Winchester 01962 834 052



SOUTH | KENT, SURREY

Upper Boy Court FarmHeadcorn, Kent

A handsome period country home, withexcellent recreational facilities occupying asuperb rural setting.

Key features●Pretty period family house with 6 bedroomsand4 reception rooms● Swimming pool, tennis court, garaging●Wellmaintained gardens, pasture andwoodland in a secluded rural setting

Offers in excess of£1,500,000 / 71 acres


Secludedruralsetting

Small but tranquilKentish Farm

The HoltChelsham, Surrey

It is superbly located for London yet occupiesan oasis of tranquillity just moments fromthe amenities of Warlingham.

Key features● 6 bedroom house, 2 cottages, outbuildings● Equestrian facilities and established shoot● Cinema/media room, gym, sauna, snookerroom, and children’s play village● Central London approximately 18 miles

Guide £3,500,000 /63 acres


Compact sporting estate



WEST SUSSEX , WILTSHIRE | SOUTH

Land at Manor FarmMarlborough, Wiltshire

This productive land is in an Area ofOutstanding Natural Beauty.

Key features●Capable of growing a wide range of crops●Planning permission for a new grain store

Guide £6,000,000 /665 acres


Sold

Manor FarmIfield Wood, West Sussex

Key features● Attractive barn style farmhouse, 6 bedrooms and 3 receptions

● Equestrian facilities ● Modern farm buildings● Additional cottage by separate negotiation

Guide £1,975,000/ 96 acresContact: Savills Haywards Heath 01444 446 066

An attractive accessible amenity

Dhillon FarmPewsey, Wiltshire

Key features●Grade I level fertile farmland ●Abstraction licence ●Road frontage

●Modern farm building ● River frontage along The River Avon● In an Area of Outstanding Natural Beauty

●Available as a whole or in two lots

Guide £1,350,000 / 97 acresContact: Savills Salisbury 01722 426810

Prime arable farm within the Pewsey Vale

Productive Grade 2 and 3arable land


LIMITED SUPPLY ANDRISING VALUES CHARACTERISE THEMARKETWITH STIFF COMPETITION FORTHE RIGHT LAND

Central

T

says. “Although there are signs of moreland coming on to the market, they arerelatively small parcels. The 856-acre LettonCourt in Herefordshire represents half of theland currently available in the county.”“With supply continuing to be limited,

there is keen competition for the right land,”says Philip Hoare of Savills Banbury. “Lastyear we marketed a 550-acre arable farmat Milton Keynes. Out of 18 potentialpurchasers, we had 16 viewings and sixoffers.That farm was being offered privately;private sales nowmake up a substantialpart of the market. However, withimpressive prices being achieved on theopen market, our advice is still to marketland publicly to ensure maximum exposureand achieve the strongest sale.”The competition that public marketing

can generate saw values rise last year.“Values in Herefordshire continue to beimpressive,” Douglas says. “Sales at£10,000 per acre are not uncommon, andin some cases we have seen competition

push prices to £12,000 per acre. Farmerslooking to expand are underpinning themarket; there is strong sentiment in theindustry, despite two difficult years of verypoor weather.”

Our adviceis still to

market land publiclyto ensuremaximumexposure andachieve the strongestsale” Philip Hoare

he familiar situation of limitedsupply and rising valuescharacterised 2012 in theCentral region, providing the

foundations for a robust market. “Thefarmland market continued to go fromstrength to strength last year,” says RichardBinning of Savills Oxford, “although the highvalues achieved reflected a markeddifferentiation between big blocks of arablewith national appeal and small parcels thatare reliant on local markets, in which thereare also big variations.”

Our research shows a significant fall lastyear in the volume of land marketed inOxfordshire, where supply fell to 2,411acres— a 26% reduction from the 3,278acres offered for sale in 2011. A drop of33% was recorded in Gloucestershire, andin Northamptonshire supply fell even further,by 54%; Berkshire saw no land offered forsale at all. However, supply increased inHerefordshire (27%) and in Worcestershire(23%), while in Warwickshire there was ahuge increase of 338%.Douglas Mackellar of Savills Cheltenham

sees the same lack of choice characterisingthis year’s market too. “There was very littleland available in the Cheltenham area lastyear, and in the Cotswolds—whereamenity use is as big a driver as agriculture— there were very limited opportunities,” he

RichardBinningSavills Oxford01865 269 [email protected]

PhilipHoareSavills Banbury01295 228 [email protected]

DouglasMackellarSavills Cheltenham01242 548 [email protected]

Contact Details


p34-37 Central final2.indd 34 16/05/2013 11:41


BUCKINGHAMSHIRE , GLOUCESTERSHIRE | CENTRAL

Raans FarmAmersham, Buckinghamshire

Situated in the Chiltern Hills, Raans Farm isan attractive residential farm within easystriking distance of London.

Key features● 6 bedroomGrade II listed farmhouse● 2 cottages (subject to AOC)● Farm buildings and poultry unit●Arable and pasture land

Excess £4,500,000 /198 acres

Contact: Savills Banbury01295 228 050

Easyaccess toLondon

Commutable farming

Whalley FarmCheltenham, Gloucestershire

Rare Cotswold mixed holding of 495 acresof beautiful rolling countryside withplanning permission.

Key features●Grade II listed 6 bedroom farmhouse● 4 bedroom farmhouse with planningpermission for a substantial country house● 2 cottages and 2 offices●Arable and pasture

Guide: Offers over£7,700,000 / 495 acres

Contact:Savills Cheltenham01242 548 020

Anexciting

opportunity

Prime compact Cotswold estate



CENTRAL | HEREFORDSHIRE , NORTHAMPTONSHIRE , BUCKINGHAMSHIRE

Letton CourtHereford, Herefordshire

This picturesque, 865 acre estate betweenHereford and Hay-on-Wye is mentioned inthe Domesday Book.

Key features● 7 bedroom house● 10 further houses and cottages●Arable and pasture● Shooting and fishing


Contact: Savills Cheltenham01242 548 020

Beautifulhistoricsetting

Diverse sporting and farming estate

DodfordDaventry, Northamptonshire

Key features● Arable land subject to Agricultural Holdings

Act 1986 tenancy● Woodland

● Mineral reserves

Guide: £700,000/ 30 acresContact: Savills Banbury 01295 228 050

ColeshillBeaconsfield, Buckinghamshire

Key features●Arable

●Small area of woodland●Road frontage

Guide £415,000/ 52 acresContact: Savills Banbury 01295 228 050

An accessible block of arable land, ideal forlocal farmers to add to existing holdingsStrategic agricultural investment

Under offer


S A V I L L S F A R M S A L E S L I S T 3 7S A V I L L S F A R M S A L E S L I S T 3 7

OXFORDSHIRE , WORCESTERSHIRE | CENTRAL

HalesendMalvern, Worcestershire

The perfect weekend retreat with sporting,amentity and investment opportunities.

Key features●Woodland●Arable and pasture● 3 cottages● Shooting

Guide £1,700,000 /306 acres

Contact:Savills Banbury01295 228 050

Idealruralretreat

Something for the weekend

Fawler FarmWantage, Oxfordshire

An ideal opportunity to build your dreamhome set in 123 acres with views to WhiteHorse Hill.

Key features● Farmhouse with permission for replacement8,000 sq ft country house● Separate barn conversion●Arable, pasture and woodland

Guide £1,950,000 /123 acres

Contact: Savills Oxford01865 269 179

Residential farm withgreat potential


IT IS A BOOMINGMARKETWITH FORECASTEDGROWTHOF 40%BRINGING STRONGDEMAND FROMBOTH FARMERS AND INVESTORS

Scotland

There is strong demand from farmersand investors — Charles reports 80% ofbuyers in Scotland are farmers, 20%investors — but, he adds, “for a boommarket it is surprising that only just overhalf of the farms on the market last yearactually sold. Most of the unsold units arestock farms of under 200 acres, and aretherefore deemed less viable.“It has also been a tough market for

smaller farms whose residential elementmakes up a significant proportion of thevalue. The demand is for quality arableland, but I am confident that smaller unitsin good locations that are well equippedwith modern buildings and attractive

farmhouses will continue to sell well.”Last year saw values increase by

10.7%. Bare arable land ranged from£4,500-£7,500 per acre; silage ground orploughable pasture commanded £3,000-£4,000 per acre and upland pastureaveraged £800-£1,200 per acre.

“Although tree planters continue to bidcompetitively, they have become morecautious; last year plantable land fetched£500–£700 per acre, compared withnearer £1,000 in 2011. However, theScottish Government’s woodland plantingtarget of 10,000 hectares per year for thenext 10 years and new grant fundingavailable from 2014 are likely to stimulaterenewed interest in forestry land.”Overall, therefore, Charles’s outlook is

positive. “Our forecasts suggest growth of40% in the UK over the next five years,” hesays. “Given the 115% increase inScotland over the past seven years, thisdoesn’t seem unrealistic.“I expect to see a widening gap between

prime and average arable land. Dependingon the outcome of the current SFP round,purchasers are likely to rely more on thequality of the arable rather than the subsidy.“Nevertheless, larger stock farms of

750 acres plus with outstanding featuressuch as fixed equipment or location,or with very good silage ground, willcontinue to sell well. Tight supply southof the border, coupled with land pricesincreasing at a greater rate in England,makes Scotland good value and shouldencourage buyers north.”

Tight supplysouth of

the border shouldencourage buyersnorth” Charles Dudgeon

cotland’s supply of publiclymarketed farmland continuedto be the major influence onvalues in 2012. In contrast to

other regions, Scotland’s supply increasedsignificantly, by 25% to 38,801 acres,compared with 30,987 acres in 2011. Thisrepresents 29% of all the farmlandmarketed in the UK last year, andcompared with the 14% drop in supplyseen across England in 2012, it is a healthysupply. But it is low compared with theregular supplies of 60,000 acres a yearbefore 2002. So why isn’t more landcoming to the market?“There is no real overwhelming reason to

sell,” says Charles Dudgeon of SavillsEdinburgh. “Interest rates remain low andincome from the Single Farm Payment(SFP) shelters many in a volatile market.Sales are, therefore, driven mainly by familyrestructuring. Debt motivated just 14% ofSavills sales across the UK in 2012,consistent with 2011’s 13%. Maybe afterlast year’s difficult harvest and increasedcosts we will see more bare land sales thisyear as farmers rebalance the books.”


Contact DetailsCharlesDudgeonSavills Edinburgh0131 247 [email protected]

S

p38-41 Scotland final.indd 38 14/05/2013 12:02


BANFFSHIRE , DUNDEE | SCOTLAND

GagieDuntrune, Dundee

A delightful house of great charm andelegance, which looks out over its owngardens and grounds.

Key features● Fortified laird’s house, 8 bedrooms, 4reception rooms● 5 cottages and farm buildings● Productive farmland, woods, marshand pond with low ground shooting

Offers over: £1,500,000 /90 acres

Contact: Savills Brechin01356 628 628

Historic Angus estate

Ideallocation

LetterfourieBuckie, Banffshire

A delightful combination of an historicAdam house, gardens and woodland,together with agricultural land.

Key features● 11 bedrooms● 4 principal reception rooms●Arable, grazing and woodland●Available as a whole or in 5 lots

Offers over: £1,755,000, inup to 5 lots / 307.59 acres

Contact: Savills Brechin01356 628 628

Agricultural estate withAdam mansion

Mildcoastalclimate


NavityCromarty, Ross-shire

A highly productive arable farm witha fine house. As a whole or in 2 lots.

Key features●6 bedroom period house●3 bedroom bungalow●Extensive farm buildings● 390 acres prime arable● 87 acres grazing


Contact: Savills Edinburgh0131 247 3720

Prime arable farm on the Black Islewith an attractive house

BowerhouseOxton, Roxburghshire

An extensive arable and stock rearing farmwith good stock housing.

Key features● 5 bedroom farmhouse● 3 cottages● Buildings for 240 cows and calves● 189 acres arable● 435 acres pasture



Outstanding mixedfarm in Lauderdale

SCOTLAND | ROSS-SHIRE , ROXBURGHSHIRE




PERTHSHIRE , SOUTH WEST | SCOTLAND

Kincairney EstateDunkeld, Perthshire

A delightful combination of an historicGeorgian house, gardens and woodland,together with agricultural land.

Key features● B listed mansion house (9 bedrooms)●Stable block and walled garden● 4 cottages● Sporting rights and private loch● 140 acres of parkland



Exceptionally privatePerthshire estate

Stunningparklandsetting

Lockerbie,Dumfries and Galloway

Key features● 7 bedroom farmhouse ● Excellent modern buildings

● Silage ground and pasture

435 acresContact: Savills Edinburgh 0131 247 3720

Productive stock rearingand finishing unit

Kirkgunzeon,Dumfries and Galloway

Key features● 4bedroom farmhouse,modern and traditional farmbuildings ● 111 acressilage/ploughable pasture ● 50 acres permanent pasture ● available in 2 lots


Mull of Kintyre,Argyll

Key features● 5 bedroom farmhouse ● 2 additional cottages ● 243 acres pasture and

1,542 acres rough grazing and hill

1,842 acresContact: Savills Edinburgh 0131 247 3720

Attractive coastal stock farm withoutstanding views of the islands

New Abbey,Dumfries and Galloway

Key features● 4bedroom farmhouse ● Cottage ● Modern and traditional buildings

● 156 acres of silage/ploughable pasture and41 acres of permanent pasture


Versatile coastal farm on Solway FirthWell equipped compactstock farm

Coming soon

Coming soon

Coming soon

Coming soon


GOOD-QUALITY LAND FOR LIVESTOCKANDDAIRY FARMING IS INGREATDEMAND FROMFARMERS AND INVESTORS ALIKE

Wales

ales has seen a substantialgrowth in demand for landover recent years, and 2012reinforced the trend. “We

saw almost daily enquiries from farmerslooking for commercial farmland,” saysDaniel Rees of Savills Cardiff, “but thegeneral lack of supply has left manypotential buyers frustrated.“The majority of those buyers are local

landowners, or farmers who are keen toincrease their holdings, but we are alsoseeing more buyers who have beenpushed over the border from theMidlands and the South West by risingprices and lack of stock. They arematched by large numbers of investors

W

values for the UK as a whole, which rose10.7% to £7,600 last year.However, local landowners who want a

smaller parcel near their own farm will pay£8,000 to £10,000 per acre. Landdoesn’t come on to the market very often— sometimes for generations — solandowners want to buy when theopportunity presents itself, even if itmeans paying a premium. However,these headline-grabbing prices are onlyfor the best quality holdings, and farmerswill not pay unrealistic prices for poorerland or land that needs improving.“Commercial buyers and investors are

not keen on properties with a largeresidential element; they consideranything apart from land to be a waste.We are increasingly splitting estates intolots and selling the principal houseseparately with a smaller parcel of land.“Realistically, the ever strengthening

farmland market is almost a double-edged sword. With the rising values it iseasy to understand why some owners arereluctant to sell and instead keep hold oftheir ever-appreciating assets, but this inturn clearly affects supply. It is great newsfor prospective vendors that farmlandvalues for the best land are rising annually,

but at the same time it does make itdifficult for farmer buyers to expand andkeep the Welsh farming industry strong.“Farmers have to draw a line

somewhere when competing with othersfor farmland, otherwise values could turnout to be unsustainable. However, iffarmers see it as a one-off opportunity it isunderstandable that they will competestrongly to be the new owners.“Agricultural sales so far in 2013 have

been dominated by farmers looking toexpand their holdings and by farmerslooking to relocate from elsewhere dueto the lack of supply in their currentlocations. For example, we have hadviewings on farms in Monmouthshire fromfarmers in the South West of England. Wehave some exciting farms and estatescoming to the market in 2013 that we areconfident will satisfy some of the strongdemand that is out there.”

Good-qualitycommercial

farmland isincreasing invalue with a rise of10.2% from 2011”Daniel Rees

wanting good-quality arable land andgrassland, due to the high levels oflivestock and dairy farming in the region.”Like nearly every other region of the

UK, Wales saw supply contract in 2012;the 6,460 acres publicly marketedrepresented a 10% reduction comparedwith 7,190 acres in 2011.“This lack of supply has supported the

values of what land there is for sale, andgood-quality commercial farmland iscertainly increasing in value,” says Daniel.“Average values stand at £7,000 per acrefor good-quality farmland — a rise of10.2% from 2011, and in line with average

DanielReesSavills Cardiff029 2036 [email protected]

Contact Details


p42-46 Wales final.indd 42 14/05/2013 12:06

CARMARTHENSHIRE | WALES




Werncorgam Fawr FarmCarmarthen, Carmarthenshire

Werncorgam Fawr Farm is an excellentformer dairy farm lying on the edge ofJohnstown and Carmarthen.

Key features● Substantial 6/7 bedroom farmhouse with3/4 reception rooms● Traditional and modern outbuildings●Views of Towy valley

Guide £1,250,000/120 acres

Contact: Savills Cardiff029 2036 8915

Adelightfulsetting

Attractive farm in West WalesUnder offer

Penyrallt Farmnr Carmarthen,Carmarthenshire

Traditional farmhouse in need of sympatheticrenovation and refurbishment.

Key features● 4 bedroom farmhouse● Traditional and modern outbuildings●Good road links



Withgood road

links

With views over the Towy ValleySold


WALES | CARMARTHENSHIRE


Stangau Farmnr Llandovery, Carmarthenshire

The traditional farmhouse has beenrenovated and extended to provide a superbcountry house finished to a high standard.

Key features● Substantial 5 bedroom farmhouse●Traditional and modern outbuildings●Dipping shed● Extra 20 acres available by negotiation



Panoramicviews ofnationalpark

Impressive farm inthe Brecon Beacons

Gwarcoed Farmnr Carmarthen Carmarthenshire

Convenient West Wales farm with 2 dwellings,excellent modern stock buildings and a goodsized parcel of land.

Key features● 5 bedroom farmhouse● 2 bedroom cottage●Traditional and modern outbuildings

Guide £1,300,000 /150 acres


Good sized stock farm in West Wales



Penlan Fawr Farm Estatenr Lampeter, Ceredigion

Substantial accommodation is available onthis estate with a main farmhouse and threeother residential buildings.

Key features●New 4 bedroommain farmhouse and a3 bedroom farmhouse● 2 bedroom coach house and a2 bedroom cottage●Traditional/modern outbuildings, stables

Guide £2,000,000 /167 acres


Impressive estate in West Wales

CEREDIGION, POWYS | WALES



Maesgwynne Hall Estatenr Builth Wells, Powys

Smaller estates such as this can be wonderfulpurchases for those who enjoy traditionalcountry pursuits.

Key features●Handsome 9 bedroom country house● 2 cottages (3 bedroom and 2 bedroom)●Traditional outbuildings●About 78 acres, and sporting rightsover about 300 acres

Guide £2,360,000 /78 acres


Handsomecountryestate

Exciting sportingestate in Mid Wales


WALES | POWYS , MONMOUTHSHIRE


The Mead Farmnr Newport, Monmouthshire

A delightful farm that enjoys a peaceful edgeof village location while also being veryconvenient to the M4 road network.

Key features●Excellent dairy farm●Attractive 4/6 bed farmhouse●2 bed cottage●Traditional and modern outbuildings

Guide £1,900,000 /180 acres


Rareopportunity

Delightfully located farm

Pwll-y-cwrw andMaes-y-llan FarmsBrecon, Powys

Beautifully restored principal house andsecondary house surrounded by farmland.

Key features● 6 bedroom farmhouse, plus 3 bedroomfarmhouse in need of modernisation●Modern and traditional farm buildings●Woodland, amenity, stream●Available in 2 lots

Guide £2,200,000 /139 acres


Southfacing

farmland

Ring-fenced farms in awonderful location



THE INTERNATIONAL FARMLANDMARKETOFFERSHUGEOPPORTUNITIES ANDTHE PROSPECTOF PHENOMENALGROWTH

International

avills is a global brand andis the market leader in theUK land market. “It is logical,therefore, for us to build

up a presence in the internationalfarmland market,” says Hugh Coghill,Savills London. “It is an embryonic market,but one which offers huge opportunitiesand the prospect of substantial growth.Over the past two or three years we havebeen developing expert contacts in theprime areas, notably Australia, theMercosur region of South America, CentralEurope, the USA, New Zealand andsub-Saharan Africa.”The appeal of the international land

market is its scale (in sharp contrast to thelimited supply we are currently seeing inthe UK) and the fact that it is underpinnedchiefly by commodity prices. The ability toproduce crops for the global marketplaceat competitive prices is effectively the soledriver of the market. With income returnstypically ranging between 3% and 12%,depending on location and risk, investmentin overseas farmland compares extremelyfavourably with the UK’s agricultural sector.“Since Savills has been active in this

market, we have seen growing interestfrom investors,” says Hugh. “Buyersinclude sovereign wealth funds (China is ahugely important player as it seeks toestablish a long-term food supply, andMiddle Eastern countries are alsosignificant); family offices, which were earlyentrants in this market; and pension fundsand institutions looking to maximise capitalreturns and diversify investment portfolios.”The challenges that investors face begin

with the choice of location. Somepotentially lucrative areas, such asArgentina and Saskatchewan in Canada,have protectionist policies in place thatrestrict foreign investors; others lack thepolitical stability or will to allow for a safeexit, which is a crucial consideration.

S

Subsequent challenges depend on theamount of risk a buyer is willing to take on.Purchasing land for improvement can yieldsignificant returns: reclaiming “pioneer”land in places like Uruguay, Brazil andsub-Saharan Africa, and bringing it intofood production, depends on reliablesourcing of water, infrastructure and skilledmanagement, and therefore involvescareful strategies, substantial investmentand significant risk.More risk-averse buyers look to reliable

cropping land in mature markets such asthe USA or Australia, where land isexpensive but secure. Mainland Europe isalso a prime focus, especially countrieswith plenty of room for improvement.

Romania, Poland, the Ukraine and theBaltic States are all attracting plenty ofinterest – their appeal enhanced by theirproximity to home and the EuropeanUnion support that they can draw on.With such a vast potential market, it is

hard to cite current values; they can varyfrom about $2,000 per hectare in Australiato $25,000 per hectare in New Zealand,with values in the emerging marketsranging from $3,500 to $9,000. Naturally,prices are affected by scale, availability andinput costs – for more information seeSavills International Farmland Focus.Hugh’s outlook is highly optimistic. “I am

in no doubt that the international landmarket will be of huge interest to investorsover the next decade,” he says. “It is animmature market for a crucial commodity–food – that can only become moreimportant as demand increases. This is ahugely exciting time to be involved.”

We have seengrowing interest

from investors who arelooking to maximizecapital returns anddiversify investmentportfolios” Hugh Coghill

Contact DetailsHughCoghillSavills London020 7016 [email protected]

Thechoice oflocationis key

p47-49 International final.indd 47 14/05/2013 12:23


INTERNATIONAL

El Matuloso EstateHuelva, Andalucía

The Cortijo is set in 925 hectares of pastures,mountains and lush Mediterraneanvegetation, ideal for hunting and farming.

Key features● Beautifully presented 15 bedroom house setaround courtyards● Equipped and furnished for 30 guests● Staff lodgings and professional kitchen● Swimming pool and pool house

Guide: €18,000,000 /925 hectares

Contact: Jelena CvjetkovicSavills International +44 (0)20 7016 3754

Outstanding Andalucian estate

Stunningviews overthe Sierra



INTERNATIONAL



OrtagliaTuscany, Italy

A classical 18th century villa surrounded by amature park, with glorious views over Fiesoleand Florence.

Key features●Classical 18th century villa● 2 guest houses● 2 swimming pools● 11 hectares of vineyards

Guide €12,900,000 /34 hectares

Contact: Jelena CvjetkovicSavills International +44 (0)20 7016 3754

San Pedro DairySan Pedro, Uruguay

This 1,042 hectare irrigated dairy farm hasexcellent management in place.

Key features●50-bale rotary parlour●Significant irrigation reservoir●6 new Zimmermatic centre pivot irrigators●Turn key operation

Price on application /1,042 hectaresContact: Hugh Coghill, Savills London+44 (0)20 7016 3818Stephen Hall, Savills Lincoln+44 (0)1522 508 933

1042 hectare irrigateddairy farm

Immaculate wine estatein the Florentine hills



CONTACTS DIRECTORY

CONTACTS DIRECTORYSAVILLS HAS A TEAMOF DEDICATED FARM AGENTS ACROSS THE UK,

HANDLINGMORE UK FARMLAND THAN ANY OTHER AGENT*

Farms and EstatesSavills London

LondonCrispin Holborow

020 7409 8881

[email protected]

LondonJamesWalker

020 7016 3825

[email protected]

LondonTessa Thorogood

020 7409 8879

[email protected]

LondonAlex Lawson

020 7409 8882

[email protected]

ExeterPenny Dart

01392 455 747

[email protected]

ExeterLucy Holt

01392 455 716

[email protected]

LondonLouise Elliott

020 7016 3715

[email protected]

Covered by officesin Banbury, Cheltenham and Oxford

BanburyPhilip Hoare

01295 228 050

[email protected]

OxfordRichard Binning

01865 269 179

[email protected]

CheltenhamDouglas MacKellar

01242 548 011

[email protected]

OxfordOliver Langdale

01865 269 179

[email protected]

LondonCharlie Paton

020 7409 5916

[email protected]

Covered by offices in Bishop’sStortford, Cambridge, Chelmsford,

Ipswich and Norwich

CambridgeAdrianWilson

01223 347 231

[email protected]

Bishop’s StortfordEdward Rout

01279 756 821

[email protected]

WinchesterGeorge Syrett

01962 834 052

[email protected]

SalisburyDavid Cross

01722 426 813

[email protected]

Haywards HeathChris Spofforth

01444 446 066

[email protected]

SalisburySophie Clotworthy

01722 426 815

[email protected]

Covered by offices in Haywards Heath,Salisbury and Winchester

nationalCovered by officesin Exeter and Truro

south west central

south

east

*Sou

rce:

basedon

allla

ndpu

bliclymarketedover

50acres

p50-51 Contacts final.indd 50 16/05/2013 11:43


CambridgeCatherine Scandrett

01223 347 218

[email protected]

ChelmsfordGi D’Angibau

01245 293 258

[email protected]

IpswichWill Hargreaves

01473 234 822

[email protected]

NorwichJane Kenny

01603 229 224

[email protected]

ChelmsfordTim Cooper

01245 293 243

[email protected]

IpswichPeter Start

01473 234 810

[email protected]

NorwichChristopher Miles

01603 229 235

[email protected]

NottinghamAntony Oliphant

01159 348 119

[email protected]

TelfordRhydian Scurlock-Jones

01952 239 529

[email protected]

YorkSarah Graham

01904 617 819

[email protected]

NottinghamNaomi Bloxham

01159 348 016

[email protected]

YorkAndrew Black

01904 617 831

[email protected]

LincolnJamesWard

01522 508 946

[email protected]

LincolnStephen Hall

01522 508 933

[email protected]

Covered by offices in Lincoln,Nottingham, Telford and York

north & midlands

EdinburghLuke French

0131 247 3723

[email protected]

EdinburghCharles Dudgeon

0131 247 3702

[email protected]

GlasgowSian Robinson

0141 222 4107

[email protected]

CardiffDaniel Rees

029 2036 8915

[email protected]

PerthAlastair Gemmell

01738 477 520

[email protected]

InternationalHugh Coghill

020 7016 3818

[email protected]

Covered by theCardiff office

Savills has over 200 offices andassociates worldwide

wales

internationalBrechinRuaraidh Ogilvie

01356 628 628

[email protected]

Covered by offices in Brechin,Edinburgh, Glasgow and Perth

scotland

EdinburghEvelyn Channing

0131 247 3704

[email protected]

EdinburghJamieWedderspoon

0131 247 3701

[email protected]

p50-51 Contacts final.indd 51 09/05/2013 16:25

savills.co.uk

P52 back cover final.indd 1P52 back cover final.indd 1 14/05/2013 12:2814/05/2013 12:28

Documents

ns `g - Savillspdf.savills.com/documents/Farm_Sales_Summer2013.pdf · 2019-01-16 · SAVILLS FA RM SALES LIS T 03 ITISASTRONGSELLERS’MARKETWITHLIMITEDSUPPLYPUSHING VALUESTHROUGHTHE£10,000PERACREBARRIER