Newborough Estate - Lot 5, Thorney Road, Peterborough, PE6

A rare opportunity to acquire a large parcel of land in a productive farming area

Description

LOT 5 - 457.23 Acres (185.03 hectares)

Lot 5 encompasses two tenancies; Willow Drove Farm and The Hedgerows. Willow Drove Farm is let on a Farm Business Tenancy until 10th October 2033 and extends to 455.86 acres (184.48 hectares). The rent passing is £59,940 per annum.

Residential Properties

Included within the tenancy across Willow Drove Farm are two residential properties, Willow Barn Farm and Lower Willow Farm. Willow Barn Farm is a new build residential property with construction completed in 2021. The property was erected by the vendors.

The property extends to 1,327 sq ft and includes an open plan kitchen dining area with a large dining room alongside utility room. On the first floor there are three bedrooms and a family bathroom. Lower Willow Farm bungalow extends to 1,325 sq ft and benefits from kitchen, reception room, office, bathroom and three bedrooms.

Farm Buildings

The vendors constructed a new grain store at Willow Barn Farm in 2021, with a capacity for 800 tonnes. This building is accessed directly of Willow Drove, with Willow Farm Barn located beyond this down a farm track. There is a yard area to the rear of the farmhouse which has been substantially improved by the tenant.

There are a good range of farm buildings to the rear of Lower Willow Farm, predominantly used to store equipment, seed, straw and fertiliser. Similarly, the tenants have also invested in this yard improving it where required.

Agricultural Land

The land across Willow Farm is predominantly classified as Grade 2 on the agricultural land classification, plus a small area of Grade 3 to the north west beyond the river bank. The land is of a good quality capable of growing a wide variety of crops including, sugar beet, potatoes and combinable crops.

The land lies flat and is divided by dykes, access is taken from the public highway being Willow Drove, while the two fields to the north west are accessed by a right of access across a farm track.

The Hedgerows extends to 1.37 acres (0.55 hectares) and is let on a Farm Business Tenancy until 10th October 2038. The tenants erected a number of buildings across the site. The passing rent is £500 per annum.

Location

Newborough, which lies to the south has a school and public house, with further amenities to be found in Peterborough. The estate is located approximately 6 miles to the city of Peterborough, that has a wide range of amenities including, shops, schools, restaurants and leisure facilities.

The property sits in a rural location with surroundings being predominantly arable fields divided by drains.

The estate benefits from good transport links with the A47 being 1 mile to the south of the property that leads to the A1 in the west and Kings Lynn in the east, while the A16 lies 1 mile to the north. Peterborough train station lies 6 miles from the farm where there are regular trains running from Peterborough to London (Kings Cross), with the fastest trains taking approximately 50 minutes.

Disclaimer: All journey and distances are approximate.

Square Footage: 1,325 sq ft


Acreage: 456.23 Acres

Directions

What3words: Lot 5: ///tuxedos.status.plump

Additional Info

Local Authority: Peterborough City Council

Photographs and particulars: August 2024

Viewing: Strictly by appointment with the selling agent