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Farm for sale

Nether Oldwhat Farm, New Deer, Turriff, Aberdeenshire

Under Offer £1,175,000

Property Description

Key features

  • FORMER DAIRY FARM
  • CENTRALLY LOCATED FARM BUILDINGS
  • FARMHOUSE
  • COTTAGE
  • WIND TURBINE
  • 160 ACRES

Full description

Tenure: Freehold

CLOSING DATE: 12 noon on Wednesday 28 September 2016.

Nether Oldwhat was a dairy farm until October 2015 when the herd was dispersed. The buildings are centrally located with an excellent tarred access road and have potential for a wide range of uses.

The fields are well fenced for cattle and most have their own troughs supplied by a well in Lot 3. The sellers have let the grazings for the 2016 season and are growing barley and oats arable crops. Dependent upon the date of entry there may be ingoing valuations.

The land is classified 3(2) by the Hutton Institute and lies between 100 and 163 metres above sea-level. The grass leys have been regularly re-seeded (except for Field 11).

Lot 1: Nether Oldwhat Farm
About 28.3 acres (11.46 ha)
Offers over £440,000

The farmhouse dates from around 1860, is built of stone under a slate roof and provides comfortable family accommodation with 5 bedrooms, bathroom, shower room, 2 reception rooms, an office and a large kitchen/living room. The house benefits from oil central heating throughout and double glazing throughout. There is a solar thermal water heating system with an RHI payment annually for 7 years to 2021.

To the front of the house is a gravel turning area with an area of lawn and a vegetable garden, partly surrounded by a beech and privet hedges and a stone wall.

Farm Buildings
• Covered silage pit 35m x 8.2m Timber frame, concrete floor.
• East cattle court lean-to 35m x 6.9m Straw bedded.
• West cattle court lean-to 35m x 6.9m
• Cattle court 3 35m x 9.6m Steel frame, central feed pass.
• Milking parlour 9.5m x 4.8m Equipment still intact with motors and pumps. Formerly a 5/10 Herringbone.
• Collecting yard 8.5m x 7m Steel frame, block walls, partly slatted.
• Tank room 5.07m x 4.8m 1200 litre milk tank and a PTO generator 27kva.
• Pump room 4.8m x 1.68m Includes 4 inverters, 4 rectifiers and 3 transformers for wind turbine.
• Straw store 21m x 7m Steel frame, block walls.
• Slurry store 119,000 litre capacity Permastore Ecofusion model 4215 slurry tank with pumps and stirrer. 4 years old. Diameter 12.8m. Height 42m.

The two flat roofs were replaced in 2012 and have an Everest Lifetime Guarantee. There is a Peter Cox Preservation 30 year guarantee valid until 2021. All guarantees transferrable.

Wind Turbine
A 20kw C&F wind turbine erected in spring 2012, now into its 4th year of operation which has produced gross income of:
2012/13 £11,132.18
2013/14 £14,939.50
2014/15 £15,004.64
2015/16 £15,583.34

The FIT payment is index linked and has 16 years to run. There is an annual maintenance contract. The turbine also provides free electricity for the house and buildings, producing an estimated annual saving of about £1,500.

Land
The field in front of the farmhouse is currently all in grass and is field 5 on the IACS maps. Also included is part of field 11, adjacent to the farm buildings and also in grass.

The wind turbine sits on the boundary between fields 5 & 9 but is to be included with Lot 1.

Lot 2: Woodside Bothy
Offers over £250,000

A traditional bothy built of stone under a slate roof and converted in 2008 into a cottage. The accommodation is on one level and comprises a large open plan kitchen/dining/sitting area with an open fire, 2 bedrooms and a bathroom. The bothy benefits from oil central heating throughout and double glazing throughout.

The cottage has 3.5kw photovoltaic panels which generate electricity directly fed into the National Grid, plus providing free electricity for the property. The FIT payment continues for 21 years. FIT payment for 2015/16 (1/4/15 - 31/3/16) was £1545.

The house will be approached along the old farm drive which will give Lot 2 its own access to the public road.

Buildings
To the north of the cottage is a range of traditional stone buildings which have potential for conversion to another cottage, subject to obtaining the appropriate planning consents.
• Implement shed 26m x 5m Under a corrugated tin roof. With electricity and water. A watermill in the 1800's.
• Fencing store 9m x 4.5m Stone and corrugated tin roof.
• Hay shed 18m x 8.7m Steel frame, hardcore floor.
• Nissen hut 10m x 6.4m Concrete floor. With electricity.

Land
To be included in Lot 2 will be a corner of field 5, currently in grass, and field 7, which is between the old and new drives, also in pasture.

Lot 3: Three fields and two woods
About 42.8 acres (17.3 ha)
Offers over £160,000

Located to the west and adjacent to both Lot 1 and Lot 2 these fields could either sell by themselves or go with either Lot 1 or Lot 2, depending on any purchaser's aspirations.

The three fields are currently in pasture and have their own direct access to the minor public road.

There is a well in field 6 with 2 pumps; one supplies a header tank and then gravity feeds to field troughs and Lot 1, the other directly supplies Lot 2 with an electric supply from Lot 2. If the farm sells in lots rights will be reserved for access, maintenance, servitudes etc. in favour of the other lots.

Areas 2 & 4, extending to 3.19 ha (7.8 acres) were planted in 1990/91 under a Farm Woodland Scheme with a mixture of coniferous and broadleaved trees. An annual payment of £190/ha is due for a further 5 years.

Lot 4: The two eastern fields
About 14.7 ha (36.4 acres)
Offers over £150,000

Two fields with public road frontage, one in pasture, the other to be fallow in 2016.

Lot 5: Northern fields
About 19.2 ha (47.5 acres)
Offers over £175,000

Three fields located to the north of the minor public road. Field 8 is permanent pasture; field 10 is sown with spring oats and field 12 with spring barley.

A strip of mostly broadleaved trees was planted in 1991/92 under a Farm Woodland Scheme. An annual payment is due for a further 5 years.

Services Nether Oldwhat Farmhouse
Water: Private
Drainage: Private
Heating: Oil & electric off turbine
Solar thermal water heating
Woodside Bothy
Water: Private
Drainage: Private
Heating: Oil PV panels generating electricity.

Outgoings
Nether Oldwhat Farmhouse has been assessed as Band B for Council Tax purposes.
Woodside Bothy has been assessed for commercial rates at a rateable value of £1,200 but is eligible for the 100% small property relief.

EPC Ratings
Farmhouse Band F
Bothy Band A

Government Bodies
Aberdeenshire Council Gordon House Blackhall Road Inverurie AB51 3WA Tel. 01467 620981

Rural Payments & Inspectorate Division Thainstone Court Thainstone Inverurie AB51 5 AX Tel: 01467 626300

Agricultural Holding Number: 030/0073

Basic Payment Scheme
The entitlements are included in the sale and will be apportioned between each lot on an area basis.

The seller has applied in 2016 and will retain the 2016 payment.

There are no Agri Environment Schemes on the farm.

Ingoing Valuations
The purchaser shall in addition to the purchase price, be obliged to take over and pay for at a valuation to be agreed between two valuers, one acting for each party, or an arbiter appointed by the valuers, or failing agreement as to the appointment by the President, for the time being, of the Royal Institution of Chartered Surveyors (Scottish Branch) the following: 1. All cultivations valued on a labour and machinery basis. 2. All growing crops on a seeds, labour, lime, fertiliser, sprays and machinery basis with an increment representing the enhanced value of the establishment and age of such crops. 3. All hay, straw, fodder, silage and farmyard manure and other produce at market value. 4. All oils, fuel, fertilisers, sprays, chemicals, seeds and sundry stores at cost. If the amount of the valuation has not been agreed by the date fixed for completion, then the purchaser shall pay to the seller such a sum, as Strutt & Parker shall certify, on account of the valuation pending agreement.

New Deer 5 miles, Turriff 10.5 miles, Inverurie 25 miles, Aberdeen 33 miles

Nether Oldwhat is situated in the Buchan area of Aberdeenshire about 33 miles north of Aberdeen. The area is well supplied with machinery dealers, agricultural contractors and farm suppliers.

The property is to the North of New Deer and is equidistant between the principal towns of Fraserburgh, Turriff and Peterhead. Nearby is the popular Waulkmill Fishery where one can participate in fly fishing and paint balling.

New Deer, the nearest village has a range of shops, post office, church, primary school and hotel. Secondary schooling is at Mintlaw.

Aberdeen provides all the ancillary leisure, recreational, shopping, entertainment and cultural facilities expected of a cosmopolitan city. The airport situated to the north of the city has an extensive range of domestic and international flights. There are also regular inter-city services from the city's railway station.

Aberdeen boasts two universities and also provides considerable choice of educational facilities with a number of private schools including Robert Gordon's College, St. Margaret's and Albyn School.

Nether Oldwhat was a dairy farm until October 2015 when the herd was dispersed. The buildings are centrally located with an excellent tarred access road and have potential for a wide range of uses.

The fields are well fenced for cattle and most have their own troughs supplied by a well in Lot 3. The sellers have let the grazings for the 2016 season and are growing barley and oats arable crops. Dependent upon the date of entry there may be ingoing valuations.

The land is classified 3(2) by the Hutton Institute and lies between 100 and 163 metres above sea-level. The grass leys have been regularly re-seeded (except for Field 11).

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