The holding comprises approximately 67.99 acres of level pasture, roughly divided into 2 distinct areas: approximately 38.9 acres of good quality, productive pasture in 8 enclosures, the rest being lower lying pasture and with a small area of woodland.
Offers are invited to be received by midday on Wednesday 12th August 2020
PROPERTY Penrose Sophia Farm is a historic, secluded and private farm situated centrally within Cornwall. It has excellent access to all areas of the County and with particularly good local access to the north coast around Perranporth, Newquay and the Padstow/Wadebridge area, but also being only 10 miles from the cathedral city of Truro and the south coast fishing villages situated around St Austell Bay.
Reference to ‘Penrose Sopa’ is found as early as 1530 in the proceedings in the Star Chamber of King Henry VIII, and the farm was owned by the Rashleigh family of Menabilly for several hundred years. The agent holds more extensive details of the history of the property. Having been in the same ownership for the past 60 years, the farm is now ready to move into the next chapter in its history.
The farmland is occupied and managed as part of a larger organic farming business, under a short term tenancy agreement, providing a useful income and ensuring the land is managed in an environmentally sensitive manner that ensures the farm provides high quality habitat and wildlife value in conjunction with the surrounding and neighbouring land, whilst providing flexibility over future use.
LOCATION The farm is easily accessible from the A30, recently upgraded to provide an uninterrupted dual carriageway from the M5 at Exeter, and within close proximity to major towns and employment areas. Newquay International Airport is within 10 miles and provides flights within the UK and abroad, with mainline train services at either Truro or St Austell providing direct services to London Paddington, in addition to the Newquay branch line at St Columb Rd (4 miles). The hamlet of St Enoder with its historic and picturesque church tower provide the backdrop to the views from the farmhouse and buildings, with the nearby villages of Fraddon and Indian Queens providing day to day services and primary schooling. In addition, the newly redeveloped Kingsley Village services now provide a major out of town shopping destination with a host of national retail outlets. A greater range of facilities, services and schooling are located at Newquay, Truro or St Austell, all within 10 miles of the property.
LOT 2 - LAND The holding comprises approximately 67.99 acres of level pasture, roughly divided into 2 distinct areas: approximately 38.9 acres of good quality, productive pasture in 8 enclosures, the rest being lower lying pasture and with a small area of woodland. The lower lying land and the surrounding woodland area provide high amenity, sporting and conservation benefits.
The land is accessed direct from the highway, with access throughout the land by interconnecting gateways.
METHOD OF SALE The property is offered for sale by private treaty as a whole or in 2 lots.
TENURE & POSSESSION The freehold of the property is offered for sale, vacant possession on completion with the exception of the following:
• Lot 2 and the paddock in Lot 1 are subject to a Farm Business Tenancy that expires on 30th September 2020, paying an annual rent of £4,260 plus 90% of Basic Payment.
BASIC PAYMENT SCHEME Basic Payment Scheme entitlements are included in the sale. The vendor and their tenant has claimed and will retain the 2020 payment.
COUNTRYSIDE STEWARDSHIP SCHEME The land is managed in accordance with a Countryside Stewardship Scheme that runs until 31st December 2022. Buyers have the flexibility to continue the scheme or terminate it early should they so wish. Further details can be obtained from the agent.
OVERAGE The two fields hatched on the plan will be subject to an overage clause for residential or non-agricultural/non-equestrian uses, the vendor will be entitled to 30% uplift in value for a period of 20 years from completion.
SERVICES Water – mains supply via private pipe across the land, which also supplies Lot 1.
WAYLEAVES EASEMENTS & RIGHTS OF WAY No public rights of way are present over any part of the property. The property to be sold subject to, or with the benefit of all Wayleaves, Easements, Quasi Easements, Rights of Way, Covenants and Restrictions whether mentioned in these particulars or not.
SPORTING TIMBER & MINERAL RIGHTS Sporting rights are included and have been exercised in an ad-hoc fashion. Mineral rights are excluded.
LOCAL AUTHORITIES Cornwall Council. Cornwall.gov.uk
VIEWINGS Viewings are strictly by appointment with Carter Jonas on 01872 487620.
DIRECTIONS From the A30 eastbound carriageway, leave at the junction with the A3058 signposted Summercourt. Whilst on the slip road, before the junction with the A3058, turn right signposted St Enoder and follow for approximately 850m till a T-junction. Turn right and after approximately 100m turn left onto Narrow Lane. Penrose Sophia Farm is on the left after approximately 350m.
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