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Farm for sale

Mill Farm, Bonnytonhill & Lochhills, New Aberdour, Fraserburgh, Aberdeenshire, AB43

Offers Over 411.7 ac. | £1,730,000

Property Description

Commercial information

  • 411.7 acres (166.6 hectares)

Key features

  • Mill Farm, Bonnyton and Lochhills are situated on the Moray Firth coast in an area well known for livestock and cereal production on its fertile land. Three productive farms in a continuous block
  • Total 166.62 hectares (411.72 acres) of land

Full description

Tenure: Freehold

CLOSING DATE SET FOR THURSDAY, 16 February 2017 AT 12 NOON.

DESCRIPTION

Mill Farm, Bonnyton and Lochhills are situated on the Moray Firth coast in an area well known for livestock and cereal production on its fertile land.

The land is currently farmed as one and extends to 181.11 hectares (447.52 acres) excluding roads, yards and buildings, and enjoys good access from the public road network.

The land is classified as predominantly Grade 3(2) with some Grade 4(2) and is Potato and Oil Seed Rape clear. The majority of the land is therefore capable of producing high yields of arable crops and grass for grazing.

The land is registered with SGRPID for IACS purposes and is situated between sea level and 80 metres above sea level.

The land is classified as Less Favourable Area (LFA) and falls within a Nitrate Vulnerable Zone (NVZ).


LOT 1: Mill Farm

Mill Farm comprises a farmhouse and farm buildings.

The traditional two storey farmhouse has a footprint of 144m2, it dates back to around the 1820 and is B listed. Features include a central entrance with panelled door and fanlight, a symmetrical arrangement of windows on the rear elevation focused by the window above the stair, end chimney stacks a single storey extension, harl finish with granite margins and a slate roof. Internally noteworthy fittings include simple ceiling cornices, wooden balustrade to the stair and beaded panel doors with moulded door frames.

The accommodation on ground comprises of two large reception rooms with open fireplaces, kitchen with oil fired AGA, pantry and porch. On first floor there are four double bedrooms and a bathroom with bath, wash hand basin and WC. Externally there is a garden to the front of the property, which is mostly laid in lawn. The Council Tax Band is C. The EPC rating for Mill Farm farmhouse is F. The house is single glazed throughout and benefits from electric heating and mains water.

There are a range of both modern and traditional farm buildings as follows:

Traditional steadings - foot print of 906.76m. Concrete floor, stone built walls, with timber truss roof construction and a mixture of box profile cladding, slate and asbestos roofs.
In- fill cattle court - 15.9m x 23.5m. Concrete floor with raised central and side passes, blockwork walls, steel truss roof construction and asbestos cladding. It has been used previously to winter up to 50 cattle.
General store - 24.49m x 9.2m. Portal steel frame construction, with concrete floor, half height concrete walls, corrugated cladding and fibre cement/ asbestos roofing.

LOT 2: Farmland at Mill Farm

The land extends to 9.34 ha (23.08 ac), it is split into three enclosures and ranges from Grade 3(2) to Grade 4(2) land. Two of the three enclosures are productive, and the third is a steep den which runs down to the farm boundary being a burn running to the coast.

LOT 3: Farmland at Mill Farm

The agricultural land which extends to 44.4 ha (109.71 ac) is predominantly Grade 3(2) land. It formed part of Mill Farm originally and is split into five separate enclosures which are currently used to grow cereals and rotational grass.

The enclosures are well fenced and benefit from a private water supply.

LOT 4: Bonnytonhill Farm

Bonnytonhill Farm comprises of both farm buildings and 65.15 ha (160.99 ac)

There are a mix of both modern and traditional farm buildings as follows;

Traditional steading - footprint 200m2. Stone built walls, timber truss roof construction with the majority being under a slate roof.
Grain store - 15.55m x 23.75m. Concrete floors, blockwork walls and asbestos roof. The store has a capacity of up to 200 tonnes of grain.
Cattle Court - 19.65m x 19m. Steel portal frame construction, half height blockwork walls with corrugated iron cladding, under an asbestos roof. There is a central pass and two back courts. It has been used to over-winter up to 40 cows and 50 stirks.
Silage Pit - comprising of earth walls, concrete floor and effluent tank.

Land: the 65.15 ha (160.99 ac) being a mixture of Grade 3(2) and 4(2) land which is divided into 12 enclosures. The land is currently used for grazing, and producing cereals and grass. The enclosures are well fenced and benefit from a private water supply.

LOT 5: Farmland at Lochhills

The agricultural land extends to 47.48 ha (117.32 ac) and is classified as Grade 3(2) land which is capable to growing cereals, root crops and grass. The land is split into 7 enclosures and benefits from mains water. It is currently being used to grow cereals and rotational grass.

GENERAL INFORMATION

SELLERS SOLICITORS
Lesley Sloan, A & E A Brodie, 40 High Street, Banff, Banffshire, AB45 1AL

LOCAL AUTHORITY
Aberdeenshire Council, Banff & Buchan Area Office, Town House, 34 Low Street, Banff, AB45 1AN

RURAL PAYMENTS AND INSPECTION DIRECTORATE (SGRPID)
Thainstone Court, Inverurie, AB51 5YA, Tel: 01467 626222. Farm Code 025/0085. If sold in Lots the purchasers will be required to apply for a new holding number on entry to the land.


METHOD OF SALE
For sale as a Whole or in 5 Lots.

BASIC PAYMENT SCHEME
The majority of the land is eligible for claiming Basic Payments. The Basic Payment Scheme entitlements have been established by the seller and are not included in the sale of the land. A buyer(s) will take over and pay for at valuation the Basic Payment Scheme entitlements established on the land for sale. All payments relating to the 2016 year will be retained by the buyer. The buyer(s) will be responsible upon occupation of the subjects of sale to fully comply with the statutory management requirements to maintain the farmland in Good Agricultural and Environmental Condition as laid down under the cross Compliance Rules of the Basic Payment Scheme 2016 for the rest of the scheme year.

SPORTINGS
The Sporting Rights are included in the sale, insofar as they are owned.

MINERALS
The Mineral Rights are included in the sale, insofar as they are owned.

TIMBER
All fallen and standing timber is included in the sale insofar as they are owned.

POSSESSION AND ENTRY
Vacant possession and entry will be given on completion.

INGOING VALUATION
The purchaser(s) shall, in addition to the purchase price, be obliged to take over and pay for at a valuation to be agreed by a mutually appointed valuer(s) with respect to the following:

All cultivations and growing crops on a seeds, labour, lime, fertilizer, sprays and machinery basis with an increment representing the enhanced value of the establishment and age of such crops.

All hay, straw fodder, roots, silage and farmyard manure and other produce at market value. All oils, fuels, fertilizers, sprays, chemicals seeds and sundries at cost.

Note: If the amount of the valuations has not been agreed on the date fixed for completion, then the purchaser shall pay to the seller such a sum as the selling agents shall certify on account at the valuation pending agreement. Should the payment not be made within seven days then the interest will become payable on outstanding monies at 8% over the Bank of Scotland borrowing rate as adjusted from time to time.

DEPOSIT
A deposit of 10% of the purchase price shall be paid within seven days of the completion of Missives. The deposit will be non-refundable in the event of the purchaser(s) failing to pay the purchase price or failing to complete for reasons not attributable to the seller of the seller's agents.

HEALTH & SAFETY
The property is an agricultural holding and appropriate caution should be exercised at all times during inspection, particularly in reference to the farm buildings and livestock.

MORTGAGE FINANCE
CKD Galbraith are approved agents for the Agricultural Mortgage Corporation (AMC) and we can assist you in securing finance loans for a variety of farming purposes including the purchase of land and property, facilitate and reschedule debt, and to provide working capital for diverse creation, and improving on erected farm buildings. For further details and to discuss any proposals in connection please contact Robert Taylor on 0800 389 9448. Email: robert.taylor@ckdgalbraith.co.uk.

CLOSING DATE
A closing date may be fixed. Prospective purchasers who have noted their interest through lawyers to CKD Galbraith, in writing, will be advised of a closing date, unless the property has been sold previously. The Seller will not be obliged to accept the highest, or indeed any offer, and has the right to accept an offer at any time or withdraw the property from the market. The Seller will not be liable for any costs incurred by interested parties.

OFFERS
Formal offers in the acceptable Scottish form should be submitted, through a Scottish Lawyer, to CKD Galbraith LLP, 337 North Deeside Road, Cults, Aberdeen, AB15 9SP. Tel: 01224 860710

THIRD PARTY RIGHTS AND SERVITUDES
The subjects are sold together with, and subject to, all existing rights of way, servitudes, wayleaves and others whether contained in the Title Deeds or otherwise, and purchasers will be deemed to have satisfied themselves in all respects thereof.
The owner of Bonnytonhill farmhouse enjoys a right of access on the track marked A to B on the sales plan. The owner of Mains of New Aberdour enjoys a right of access on the track marked C to D on the sales plan. The owner of Mill Farm cottage enjoys a right of access on the track marked E to F on the sales plan.
In the event that Lots 1 and 2 are sold separately from Lot 3, a right will be retained to lay water pipes to Lots 1 and 2 through Lot 3.

SERVICES
Lots 1, 2 and 3 are served by a private water supply with the well being in field 16. The water is then pumped to a cistern at Bonnytonhill being gravity fed thereafter. Lot 1 is also served by mains water and, if sold separately Lot 1 will be disconnected from the private supply with the buyer of Lot 1 being obliged to connect the field troughs to the mains supply. Should Lots 2 & 3 be sold separately the water supply will be shared between Lots 2 and 3 and the costs apportioned appropriately. Lot 1 is served by a three phase electricity supply with foul water disposal being via septic tank and soakaway. Lot 4 is served by a single phase electricity supply.

EPC Rating = F

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