Stables for rental income

[Northernlad999]

Hi, I am a hobby farmer, we are wanting to build some stables to rent out, firstly for security so there is coming and going of people and secondly for income.

i have an acre of land which is roadside with vehicle access which I want to use for this purpose...

my questions are... how many stables can I expect to fit on here, and what are the going rents, I am near Steeton West Yorkshire. I do not intend to provide any services , just built stables with basic lighting and running spring water.

thanks in advance

 

[chaffcutter]

The number it would support just as grazing depends if you could keep them off it when it’s very wet and they would cut it up badly and spoil it. Trying to get our customers to understand about keeping them in to look after the paddocks is very difficult, they just don’t get it.
I would say three at the most with them buying in all the feed.
If you want a peaceful life hassle free, don’t do it, get someone to graze a few sheep instead..

 

[Lincs Lass]

Horsey livery folks are renowned for wanting everything yesterday but dont expect to get paid any time soon from them .
Ive heard of a few cases when the bills were mounting up ,the horses and tack were moved over night and never heard from ever again.

 

[jack6480]

They often ask if you can bury there horse if it dies to.

 

[Lincs Lass]

They often ask if you can bury there horse if it dies to.

Is that after they have asked ,how to get it out of the stable and discussed it for months after

 

[Northernlad999]

I would only do it with a legal contract in place, as a landlord you can either be a barsteward or a silly barsteward , excuse my french, but I prefer to be the former rather than the latter.

 

[Princess Pooper]

You realise you need planning permission don't you? For a basic stable/grazing and no schooling facilities not more than £15-20/week depending on local competition. Round here you can get a stable including hay /grazing for £25. Is there good access to off-road riding? Do you have a barn that hay/bedding/feed can be stored in? If storing tack, rugs on site etc you will need good security (some use a container).

 

[Lincs Lass]

Consider aswell that once a certain tribe of caravan dwellers get wind of it ,,it wont matter how well things are locked away ,it will vanish .

 

[Dry Rot]

Land managed for horses can either qualify for inheritance tax relief depending on whether it is deemed agricultural or amenity. Might be an idea to have chat with an accountant.

Agricultural Relief for Inheritance Tax

Work out whether assets in an estate qualify for Agricultural Relief and the rate at which it is due.

www.gov.uk