Lot 2: Penrose Sophia Farm, Narrow Lane TR8
68 acres (27.5 hectares)
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.
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.
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 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.
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.
Cornwall Council. Cornwall.gov.uk
Viewings are strictly by appointment with Carter Jonas on 01872 487620.
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.
The next steps...
How will you fund the purchase?
Before making an offer on a property you will want to consider your financial situation, your income and outgoings.
Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.
Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
Some advantages of a broker are:
- They do all the legwork for you, working on your behalf with the lender
- They compare wholesale mortgage rates from a large number of banks and lenders all at once
- Wholesale interest rates can be lower than retail (bank branch) interest rates
- You get more loan options because they work with numerous banks and lenders
- Brokers can finance tricky deals because of their knowledge and various lending partners
- Are typically easier to get in contact with, less bureaucratic.
However with your bank maybe able to:
- Build off existing relationship (discounts if you have a checking/saving account)
- You may already know the banker who will handle your mortgage
- Perhaps more trustworthy, more accountable than a smaller shop
- Lower interest rates in some cases
- Ability to add mortgage to existing banking profile and make automatic payments from linked account.
Making an offer
online with Carter Jonas.
When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.
If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.
We want to make the offer process as simple as possible and by registering with an account with Carter Jonas today, you can make offers on any of our properties online and at your convenience. Just register with us online and click the 'make an offer' button on any of our properties.
Need to sell a property
or thinking of renting?
If you have a property to sell, why not see how we can help you. Did you know we can offer all our residential clients a login that will allow them to track their property sale online.
Our offices are also open longer during the week and weekends and we can take calls from potential buyers 24 hours a day 365 days a year.
We can even take the stress out of managing your rental, our award winning lettings team offer a service that can be tailored to your needs.
Combined with over 150 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.
Why not book a free, no obligation valuation of your property and find out how
Carter Jonas can help you make your next move.
Register with us online
makes finding your ideal property easier
Whether you are looking for office or house, a farm or estate the UK property market is notoriously fast moving.
So if you want to be at the front of the property queue, ensure you are signed up to receive daily property alerts and gain instant access to your saved properties and frequent searches.
Also by registering with us online you will receive select research and relevant publications before anybody else and gain access to helpful guides, which will aid you with your property purchase.
Don't forget to use our innovative and unique property wizard to help you find properties you would may not have initially considered, and remember that by registering an account you can make an offer online on your dream home 24/7.
- Receive email alerts
- Fast access to your recent searches
- Publication before anyone else
- Helpful guides to aid you in your property search
- Make offers on property online.
Found a property, interested?
Arrange a viewing today.
Viewing a house or flat can be an exciting time, but remember to register with you local office of Carter Jonas first.
This could give you access to confidential sales (properties we are requested not to advertise) which you will never see online.
It's also worth registering with us online, here you can setup email alerts which will be sent daily, updating you on the latest properties that match your requirements.
When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.