Bishops & Trader Farm, Wydale Farm

Boston Road, Sibsey, Boston, PE22 0SJ
£6,350,000   Guide price (£6,350,000 )

Description

A unique opportunity to acquire two highly productive arable farms subject to Agricultural Holdings Act 1986 tenancies, producing a current income of £87,146 per annum.

Location

Bishops & Trader Bridge Farm is located 3 miles to the north west of Sibsey with Wydale located 2 miles to the north of Sibsey. Both farms are around 7 miles north of Boston, providing good access to the vegetable pack houses.

The A16 is located under a mile from both farms, being the main road from Boston to the Lincolnshire Wolds.

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Further Information

A unique opportunity to acquire two highly productive arable farms subject to Agricultural Holdings Act 1986 Tenancies, producing a current income of £87,146 per annum.

The farms are offered for sale by Private Treaty as a whole or in two lots. The farms are subject to Agricultural Holdings Act 1986 tenancies, copies of the tenancy agreements are available from the selling agent.

Bishops & Trader Bridge Farm - PE22 0UF
Wydale Farm - PE22 0TN (Nearest)

Lot 1 – Bishops & Trader Bridge Farm
Around 725.54 acres (293.61 ha) of mainly Grade 2 with some Grade 1 arable land including a principal farmhouse, four cottages, range of farm buildings and an 8.5 gallon irrigation reservoir.

Lot 2 – Wydale Farm
Around 261.35 acres (105.76 ha) of Grade 2 arable land, a range of farm buildings.

In all about 986.89 acres (399.38 ha)

Summary
Bishops and Wydale Farm are let under separate Agricultural Holdings Act 1986 tenancies.

Bishops & Trader Bridge Farm is let by way of an agreement dated 27th May 1987; it is believed the tenancy agreement allows for further succession. The current rent roll is £65,464 per annum.

Wydale Farm is let by way of an agreement dated 27th May 1987; the tenancy agreement does not include succession provisions. The current rent roll is £21,682 per annum.

Bishops & Trader Bridge Farm has been drained over various stages in the last 40 years, an overall drainage plan is available.

Land at Bishops & Trader Bridge Farm includes 117 acres from a total of 292 acres in the parish of Sibsey that is subject to Chancel Repair Liability relating to St Margaret's Church, Sibsey.

VAT
Any guide prices quoted or discussed are exclusive of VAT. In the event that a sale of the property or any part thereof, or any right to it becomes chargeable supply for the purposes of VAT, such tax will be payable in addition.

Fixtures and Fittings
All tenants fixtures and fittings are specifically excluded from the sale of the freehold of the property.

View payable Stamp Duty for this property

Availability

Energy Performance

*Currency rates are updated daily at approximately 01:00 GMT | Property Reference Number: GBLNRULIR170003

Contact Property Agent

Charles Alexander

Savills Lincoln

Olympic House

Doddington Road

Doddington Road

LN6 3SE

+44 (0) 1522 508 900