18 November 2014, National property consultancy Carter Jonas has been instructed to market two investment farms, at Haverah Park, Harrogate: Central House and Long Liberty.
The farms extend to approximately 226.06 hectares (558.59 acres) of productive agricultural grassland, with woodland contributing a further 11.24 hectares (27.78 acres), extending in all to 237.30 hectares (586.37 acres).
The two investment farms are under tenancy agreements governed by the Agricultural Holdings Act 1986. A further 3.52 hectares (8.70 acres) of mixed species woodland situated on Long Liberty farm is held with vacant possession, whilst woodland extending to approximately 7.72 hectares (19.08 acres) situated on Central House Farm is let to the tenant of Central House by virtue of an agreement governed by the Landlord and Tenant Act 1954.
The current gross rental income totals £16,181 per annum and Notices have been served on both farms for rent reviews from the 6th April 2016 with a rental uplift being realistic.
Lisa Harrowsmith from the Land and Property Team at Yorkshire Water Services Ltd said “The sale arises as the farms no longer fall within the catchment area following the recent decommissioning of Beaver Dyke Reservoir nearby.”
The A59 trans pennine route is situated within 2 miles of Haverah Park which in turn provides convenient access to the local service centres of Leeds and Skipton and the National Motorway Network beyond.
Central House Farm extends in all to approximately 105.54 hectares (260.79 acres) of improved meadow and pasture land situated within a compact ring fence and bounded by dry stone walling and stock proof fencing. The holding benefits from a range of general purpose portal framed buildings. The tenant operates a mixed farming system which focuses on Swaledale and Dalesbred sheep and the production of suckler beef. Woodland extending to approximately 7.72 hectares (19.08 acres), let subject to a Landlord and Tenant Act 1954 Agreement in favour of the farm tenant, is included within the extent of Central House Farm.
Long Liberty Farm comprises an unequipped investment farm extending in all to approximately 120.52 hectares (297.80 acres) of improved meadow, pasture and bare land situated within a compact ring fence. The tenant operates as a private partnership running a mixed farming system focused on dairy production and suckler beef. In addition, Woodland extending to approximately 3.52 hectares (8.70 acres) with the benefit of vacant possession is included within the extent of Long Liberty Farm.
Central House and Long Liberty farms are being offered for sale by private treaty as a whole or in up to 2 lots with a guide price of £1.8m.
Sam Johnson, rural associate at Carter Jonas, who specialises in the sale of farms and estates in the North of England said: “The farms offer investors the unique opportunity to acquire an agricultural portfolio on the edge of Harrogate with limited exposure to risk and liabilities, with the added advantage of the ability to enhance the return with the forthcoming rent reviews.”
The property is for sale by private treaty as a whole or in up to two lots through Carter Jonas