Arreton, PO30

Arreton, PO30

574 acres (232.3 hectares)

Asking price £4,900,000
Haven Street Station 2.2 miles
Downs Road 0.5 miles
Duxmore Farm 0.7 miles

Productive and partially irrigated arable farm with diversification opportunities.

Heasley and Arreton Farms mainly comprises a ring fenced block of productive, partially irrigated arable land together with elevated downland and pasture, a pair of semi-detached cottages and a farmyard with portal framed building and commercial lets. In all extending to about 575 acres (232 ha). For sale by private treaty as a whole 2 lots.

FARMLAND

The property provides about 437 acres (177 ha) of arable land in all with 388 acres (157 ha) being located within Lot 1. Extending from the base of Arreton Down it slopes south providing easily workable fields in large enclosures. The land is well served by tracks with access direct from Downend Road to the west and over a right of way across Heasley Lane to the south. Adjacent to the farmyard the land levels off whilst to the west there is more undulation around Arreton Manor itself. The farms are currently growing a mix of spring and winter sown cereals, sweetcorn, maize and winter cauliflowers.

The southerly boundary of the farm is the River Yar with an adjacent parcel of pasture extending to 30 acres (12 ha) and with access via Heasley Lane which also serves Heasley Cottages and the farmyard. The Arreton Down lies to the north of the farm and provides about 65 acres (26 ha) of downland in 2 blocks either side of the Newport Shute Road. An elevated position the land is used within a shoot at present with outstanding views across the remainder of the farm and island.

To the west of the farm, lot 2 is a separate parcel of land adjacent to and with access from Downend Road and Burnt House Lane. Extending to about 65 acres (26 ha) the land is a mix of cover, grass and cereal crops.

Classified as being a mix of Grade II and III on the Agricultural Land Classification maps the central part of the farm is further characterised as being mainly freely draining slightly acid loamy soils. These loamy soil types are generally suitable for a range of spring and autumn sown crops. To the north on Arreton Down the soils are lime rich over chalk or limestone whilst the soils to the south alongside the River Yar is generally loamier and clayey floodplain soil suited mainly to grassland.

COTTAGES

4 and 5 Heasley cottages are a pair of 3 bedroom dwellings located to the south of the farm with access from Shepherds Lane vis Heasley Lane. Each set in about 0.25 acre both are let and provide an excellent investment opportunity, accommodation for farmworkers or scope for conversion to a single dwelling.

YARD AND AGRICULTURAL BUILDING

Extending to just over 5 acres the yard area comprises excellent hard aprons for storage, material handling, access and parking together with a steel portal framed building. Providing agricultural storage and potential for alternative uses the building is about 4,800 sq.ft in all with box profile roof and cladding, roller shutter and pedestrian door and concrete floor.

The yard itself is generally surfaced with scalping’s and there are a number of commercial lettings in occupation. Further details available on request.

IRRIGATION

An irrigation reservoir with 10m gallon capacity is situated within parcel 5905 with irrigation points available to about half of the main farm. There are both winter and summer abstraction licences issued for abstraction from the River Yar at the south of the land. Further details available on request.

OVERAGE

The land to the west of Shepherds Lane (hatched grey on the plans) is sold subject to an overage reserving 30% of any increase in value should the property gain planning permission for development other than non-residential equestrian and agricultural purposes for 30 years after the sale.

The next steps...

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Key Property Details
Property type
Farm
Arable Size
437 acres (176.8 hectares)
Building Size
3.3 acres (1.3 hectares)
Total land
574 acres (232.3 hectares)
Rural Tenancy
Freehold with VP (Vacant Possession)
Farming system
Arable
Carter Jonas reference
NWR200008
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