Written by Eva Osborne-Sherlock from Agriland
The Sutton Bridge Estate, which comprises 5,044ac, has been brought to the market by Savills for sale as a whole or in four lots.
The estate is located in south Lincolnshire and has a guide price of £55 million.
Savills said it already has a “considerable income stream” from agricultural and residential property.
4,570ac of the site is arable land classified Grade 1 and the silt soils sustain a diverse array of crops including cereals, oilseed rape, potatoes, field vegetables, onions and sugar beet.
The estate supports a large number of tenants across multiple tenancies, ranging from larger equipped holdings of up to 545ac to much smaller bare land parcels.
Images: Savills
There are multiple farm steadings across the estate that vary in design and specification but include crop storage facilities, workshops, general-purpose agricultural buildings, traditional structures and farm offices.
Recent investments have been made to enhance and modernise several of the buildings.
Tenancies are mainly a variety of short and medium-term Farm Business Tenancies with smaller areas occupied by Agricultural Holdings Act tenancies.
The current agricultural rent roll for the estate is £1,082,134/annum.
There is an area of saltmarsh to the north which is let on a 999-year lease to Natural England.
The portfolio includes 33 houses and cottages spread throughout the estate and these are in addition to residential property included within agricultural tenancies.
The properties are all let under Assured Shorthold Tenancies, with a current residential rent roll of approximately £260,640/annum.
To the west of the village of Sutton Bridge is an allocation for 210 homes.
Head of rural agency at Savills, Alex Lawson, said: “The Sutton Bridge Estate is one of the most important and largest commercial farming enterprises in the Lincolnshire Fens.
“The multiple leased farms generate a considerable rental income and there is potential for further income generation through the realisation of development opportunities.”
Also Read: NFUS calls for land reform bill to deliver balance between tenants and landlords
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Continue reading on the Agriland Website...
The estate is located in south Lincolnshire and has a guide price of £55 million.
Savills said it already has a “considerable income stream” from agricultural and residential property.
4,570ac of the site is arable land classified Grade 1 and the silt soils sustain a diverse array of crops including cereals, oilseed rape, potatoes, field vegetables, onions and sugar beet.
The estate supports a large number of tenants across multiple tenancies, ranging from larger equipped holdings of up to 545ac to much smaller bare land parcels.
Images: Savills
There are multiple farm steadings across the estate that vary in design and specification but include crop storage facilities, workshops, general-purpose agricultural buildings, traditional structures and farm offices.
Recent investments have been made to enhance and modernise several of the buildings.
Tenancies are mainly a variety of short and medium-term Farm Business Tenancies with smaller areas occupied by Agricultural Holdings Act tenancies.
The current agricultural rent roll for the estate is £1,082,134/annum.
There is an area of saltmarsh to the north which is let on a 999-year lease to Natural England.
Residential and development opportunities
The portfolio includes 33 houses and cottages spread throughout the estate and these are in addition to residential property included within agricultural tenancies.
The properties are all let under Assured Shorthold Tenancies, with a current residential rent roll of approximately £260,640/annum.
To the west of the village of Sutton Bridge is an allocation for 210 homes.
Head of rural agency at Savills, Alex Lawson, said: “The Sutton Bridge Estate is one of the most important and largest commercial farming enterprises in the Lincolnshire Fens.
“The multiple leased farms generate a considerable rental income and there is potential for further income generation through the realisation of development opportunities.”
Also Read: NFUS calls for land reform bill to deliver balance between tenants and landlords
The post 5,044ac Sutton Bridge Estate comes to the market appeared first on Agriland.co.uk.
Continue reading on the Agriland Website...
