Nafferton, Driffield

A WELL EQUIPPED AND VERSATILE INVESTMENT FARM WITH DEVELOPMENT POTENTIAL “The Limes is a versatile let investment farm (let under AHA 1986 Act tenancy), comprising a Wolds arable farm of 161 acres, including three residential houses and farm buildings, located over two separate farmsteads of which approximately 1.72 acres is allocated development land for 12 residential houses ”  The Limes (No 38 High Street) An attractively situated detached 3 bedroom period dwelling, in large walled gardens within the centre of Nafferton village   No 36 High Street A detached 3 bedroom cottage situated in the centre of Nafferton village   Old Mill House A detached 3 bedroom house in an accessible rural position accessed off the A614 road (Driffield to Bridlington)   Farmsteads The Limes farmstead comprising a large yard area, traditional two storey brick building and redundant former poultry building.   The Old Mill farmstead comprises a basic range of general purpose buildings.   Land In all around 161.3 acres of which around 153 acres comprises high quality Grade II arable land and the remainder comprising around 6 acres of grassland and 2.2 acres of yards, buildings and houses.   Planning and DevelopmentThe farmstead at The Limes has an allocation within the ERYC Local Plan for 12 houses within the farmyard under Policy NAF-A. Site area 1.72 acres (0.7ha) FOR SALE BY PRIVATE TREATY: AS A WHOLE:  GUIDE PRICE: £2,000,000

DESCRIPTION / BACKGROUND The Limes is a versatile let investment farm with development potential, comprising three houses, two farmstead and in all amounts to around 161.3 acres situated within Nafferton near Driffield, East Yorkshire within the Yorkshire Wolds. The farm is situated over two farmsteads, the first known as The Limes centrally positioned within Nafferton village and comprises a main 3 bedroom detached period farmhouse, a 3 bedroom detached cottage, a range of buildings and yard (which is allocated within the ERYC local plan under policy NAF-A for 12 houses / 1.72 acres). The second farmstead is known as The Old Mill situated around a mile east of Nafferton located in open countryside situated just off the A614 and includes a detached 3 bedroom house and range of agricultural buildings. The property in all amounts to 161.3 acres, of which 146.2 acres comprises the above farmsteads and predominantly arable land within Title YEA73944 and there is a slightly off lying block of 15.2 acres arable land situated off the A614. The farm is currently let subject to a first succession tenant and is governed by the Agricultural Holdings Act tenancy 1986 (AHA).  The current passing rent is £25,000/annum: (circa £155/acre). The tenancy has the benefit of being a full repairing and insuring tenancy and that the tenant is responsible to repair, maintain and insure the property. The Landlords have given the Tenant consent to sub-let the three houses/cottages. The farm should be attractive to investment purchasers and speculators.  The farm has the potential to provide a buyer with an asset that could be tax efficient, with limited maintenance costs (tenant responsible for maintenance and insurance) and also offers development potential.   Overall, the farm has a number of favourable attributes, including; the large number of houses, the very high quality nature of the land, limited to no repair or maintenance liabilities on the landlord and the allocated residential development site. LOCATION Nafferton is a very well-serviced village, situated in East Yorkshire and benefiting from a full range of services and amenities, including primary school, shops, public houses and sporting and leisure. The larger, traditional market town of Driffield is within 2 miles and provides a full range of services and amenities and the County Town of Beverley is within 16 miles. A further range of amenities and services are available in the County Town of Beverley and the City of Hull, both of which are around 16 / 20 miles distant and provide a wide range of amenities including schools, shops, restaurants, sporting and leisure facilities and railway stations. The historic City of York is within 30 miles and provides a full range of amenities and a mainline railway station providing links to London in 2 hours.