Mixed holding in Cornwall and let orchard in Kent available

A well-equipped mixed farm in Cornwall also offers fishing, shooting and a private location.

Hendra Farm at Warbstow near Launceston has 260 productive acres and an extensive complex of very well-maintained modern livestock and general-purpose buildings.

See also: Trips and slips to avoid when selling a farm or land

The land is good grade 3, predominantly level or gently sloping and has small areas of amenity woodland totalling 20 acres.

About 200 acres of the grassland can be cut and just over 40 acres has been used for arable crops in the past. The fields have water from a borehole, lake, streams and the river Ottery.

The four-bedroom house has outstanding, far-reaching views, says selling agent D R Kivell Country Property, which has set a £3m guide price for Hendra Farm.

Two concrete yards serve the buildings, which are accessed from two concrete drives.

There is an established pheasant shoot and 1.6km of fishing rights on its frontage of the river.

Kent orchard land on farm business tenancy

Milstead Manor Farm © Savills

Those looking to invest in let land have an unusual offering to consider in Kent.

This comprises 169 acres of grade 2 land in one block at Milstead, near Sittingbourne. The entire acreage has been planted to apple trees and is already productive.

The land at Milstead Manor Farm is let on a farm business tenancy (FBT) for 20 years from 1 November 2016, at a rent of £42,260 a year.

This gives a gross yield of of 2.28%, based on the guide price of £1.85m, with the next possible rent review on 1 November 2024.

The fruit trees have been planted by the tenant at their expense as a tenant’s improvement, with planting costs to be written down by straight line depreciation over 15 years. Some were planted under an earlier FBT agreement.

All three lots are sold subject to a restriction on their title limiting the use of the property to agriculture, with mineral and timber rights included in the sale, but sporting rights excluded.

The lots are offered as blocks of 51 acres, 53 acres and 65 acres, each in a single ring fence and come to the market jointly through Savills and George Webb Finn.

Chris Spofforth, rural agency director with Savills, says he expected a good level of interest as this is an unusual offering and competitive with other investment returns. “The planting is very neat and tidy and well-maintained,” he said.

The sale arises on behalf of a family trust that is reorganising its assets.