Lot 2: Penrose Sophia Farm, Narrow Lane TR8

Lot 2: Penrose Sophia Farm, Narrow Lane TR8

68 acres (27.5 hectares)

Guide price £350,000

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.

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.

The next steps...

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.
 
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However with your bank maybe able to:

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Key Property Details
Property type
Land
Total land
68 acres (27.5 hectares)
Carter Jonas reference
TRU200007
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