Milton Of Larg, Newton Stewart, Dumfries And Galloway

This sale represents an interesting opportunity to step into the shoes of the existing tenant by purchasing the secure tenancy of Milton of Larg.

Milton of Larg Farm has been farmed by the tenant’s family for over 130 years. The current tenant has decided to retire and open consent, not restricted, has been given by the landlord, The Stair Moors 1996 Trust, to an open assignation of The Agricultural Holdings (Scotland) Act 1991. The assignation of the lease of Milton of Larg Farm offers a unique opportunity to take on a secure heritable tenancy.

Situation
Milton of Larg Farm lies approx. 1 mile southwest of the village of New Luce. The village benefits from a village store, hotel/public house, village hall and children’s playpark. A wider range of shopping facilities and services along with local schooling is found in Stranraer, 8 miles west, or in Newton Stewart, 22 miles east.

General Description
Milton of Larg Farm is situated in the picturesque New Luce valley in the heart of the county of Wigtownshire and extends to approximately 173.53Ha (428.79 acres).

Historically the farm was farmed as a dairy unit until the late 1990’s, then changing to a beef/sheep unit being farmed with a beef suckler herd of approximately 120 cows with over wintered sheep. The land is divided into good size field parcels of manageable area with good access. The land provides a range of soil types being over 50% total area Grade 3.2 and 4.1 with the balance being Grade 5 and 6. All the land is currently down to grass with in-bye fields having been rotated in the past. It is considered that the farm has been farmed with careful management and considered to be in excellent heart.

The 5-bedroom farmhouse is situated slightly northwest of the principal steading and offers the opportunity of a wonderful family home. Accommodation briefly comprises kitchen, two reception rooms, office, utility, boot room, shower room and w.c. to the ground floor with five bedrooms, box room and family bathroom to the first floor. The house is mostly double glazed and is served by mains electricity, private water supply with heating by way of biomass boiler (commercial tariff until 2035). The current EPC rating is E.

The farm buildings consist of a range of modern and traditional buildings. Modern buildings, identified as tenant improvements and tenant fixtures comprise of principle cubicle shed for housing approx. 100 head of cattle, slurry lagoon, steel portal frame general purpose shed and earth banked silage pit. The amnesty for Tenants Improvements was completed and available upon request. Within the farm steading there are a number of traditional buildings that are classified as redundant. Livestock handling equipment and feed bin are available by separate negotiation.

The land extends to approx. 173.53 Ha (428.79 acres) of permanent pasture and rough grazing with Region 1 and Region 2.

Location
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Postcode: DG8 0AT

Tenancy Detail
It is proposed the current secure Agricultural Holdings (Scotland) Act 1991 tenancy will be assigned to the successful purchaser. The current rent is £11,500 and was agreed in 2022. The rent is payable half yearly in arrears.

Information Pack
An information pack will be made available to genuine prospective assignees upon their signing of a confidentiality agreement. The information pack will allow access to a data room which contains further information in respect of the lease, property and signed tenant improvement amnesty agreement.

Services
It is understood the farmhouse is served by private water supply, with natural or piped mains water to most fields. Mains electricity. Farmhouse heating is by way of biomass boiler.

Basic Payment Scheme
The farm has historically been claimed under the Basic Payment Scheme and is understood to be in an eligible area of 115.44 ha classified as Region 1 and 40.97 ha classified as Region 2. There are no BPS entitlements included within the sale and the 2026 payment will be retained by the current tenant in full. The BPS entitlements will be available by separate negotiation.

Environmental Stewardship
There is currently no environmental stewardship or AECS agreements in place.

Ingoing Valuation
In addition to the purchase price, the successful assignee will be required to take over any fodder or crop in store. Any valuation required will be undertaken by Oates Rural Ltd whose opinion will be final and binding to all parties.

Viewings
Viewings are strictly by prior appointment and on pre-arranged private viewing days being Thursday 28th May and Thursday 4th June between 10am and 2pm. There will be no access to the farmhouse on the viewing day. The farmhouse will be available for viewing to shortlisted applicants only.

Please be aware this is a working farm and therefore they may be potential associated hazards. All viewers are asked to be as vigilant and careful as possible when viewing.

Offers
Further to viewing the farm tendered offers should be submitted to Oates Rural. All offers must be clearly marked Milton of Larg and emailed to or posted to Oates Rural, Whaupee House, Glanton, Alnwick, Northumberland, NE66 4BQ.

All offers must consist of written confirmation of the potential assignee, confirmation of agricultural experience, confirmation of finance, confirmation of agent or legal representative.

Closing Date
A closing date may be fixed. All interested parties are to notify their interest to Oates Rural in writing to be advised of a closing date, should one by fixed. The assigners will not be obliged to accept the highest or indeed any tender offer. The assigners will not be liable for any costs incurred by interested parties.

Legal advice
It is advised potential assignees appoint a legal or professional advisor to ensure a full understanding of the criteria for assignation and their rights and responsibilities under the tenancy agreement.

Conditions of tender
Persons intending to make an offer are advised to inspect the holding and take all factors in to account before submitting their application.

Plans, Areas and Schedules
All are produced in accordance with measurements taken and areas provided by Ordnance Survey and are for reference only. All applicants are deemed to have satisfied themselves as to the description of the property and any errors shall not annul the assignation nor entitle either party to compensation in respect thereof.