Superb East Yorkshire Investment Farm

Description

High Bonwick Farm is a versatile equipped arable farm extending to over 420 acres in all. The central farmstead is extensive and includes an attractive house and cottage, all located off a private drive. The farmland surrounds and is accessed via internal tracks or the public highway which runs north-south through the farm.

The farm is let on a secure agricultural tenancy agreement granted on 16th March 1983 and regulated by the Agricultural Holdings Act 1986. The tenancy was granted in joint names and on a full repairing basis. The current rent passing is £29,000 per annum. A copy of the tenancy agreement and other relevant documentation is available on request.

High Bonwick Farmhouse is an attractive well-proportioned detached brick built property with pantile roof providing over 3,900 sq ft of accommodation. The ground floor includes a large family kitchen-living space, utility, WC, office and useful boot room with external door. The central entrance hall links the open plan area to a formal sitting room, with a further external door to the garden and terrace area. Below this room is the cellar. The first floor of the property extends to three bedrooms and a family bathroom with bath, shower, WC and wash basin. The principal bedroom is also en-suite with a shower, WC and wash basin. The second floor is arranged as two further large bedrooms with eaves storage.

The property has extensive and attractive lawn gardens to the south and west elevation, with a parking area and brick built garage to the north. The garage is a significant building providing storage with a first floor in part. Also housed within is a substantial biomass / straw boiler, and 3,000 litre thermal heat store (which can also be heated utilising the onsite wind turbine). Both are tenant’s fixtures. There is a backup oil-fired central heating boiler also located in the building.

High Bonwick Cottage also forms part of the farm tenancy agreement. Sitting north of the farmstead,the property is set within generous gardens sheltered by surrounding trees. The tenant has consent to sub-let on an Assured Shorthold Tenancy. The property is a typical brick built detached period four / five bedroom property with a pantile and slate roof extending to over 2,220 sq ft. The ground floor includes a kitchen/ dining room, pantry, utility, WC, office and sitting room. The first floor of the property extends to four bedrooms, a box room and a family bathroom with bath, shower, WC and wash basin. The property has retained many period features such as fireplaces and quarry tile floor, which would benefit from some modernisation. Windows are in part double glazed and there is an oil-fired central heating system.

Immediately east of the farmhouse is an extensive range of traditional brick built farm buildings arranged in an L- shape (over 2,700 sqft). The traditional buildings are predominantly double height former granaries.

Adjacent to the traditional buildings is a former covered foldyard which includes two Atcost concrete frame buildings (13.6m x 23.9m) and a modern steel portal framed building (11.7m x 40.8m). These provide workshops, and grain storage, part with vented on-floor drying provided by an electric fan housed adjacent.

The principal farm building is a grain store with 14 bins (6 x 35/t and 8x 40/t) and associated conveyors, reception pit and drier system. This building is part steel portal and part concrete ‘Atcost’ frame (12.2 x 27.4m) with a fibre cement roof. There is a steel frame lean-to (15.1m x 5.5m) which provides further machinery storage. South of this range are another two obsolete grain stores (16.4m x 6.2m and 18.6m x 40.7m). Both are concrete block built and arranged as four 50t vented drying bins and two 50t standard bins, with conveyors and reception pit.

The farmland lies in a ring fenced block surrounding the farmstead and divided by the public road. Many fields have direct road access. The land very gently undulates but for the most part is flat at around 15-20 metres above sea level. The land is classified as Grade 2 under the MAFF Provisional Agricultural Land Classification, with soils from the Holderness series, common to the locality and described as a fine loam soil suitable for cereals and grassland. The farm has supported a typical cereal rotation, including Winter Wheat, Winter Barley, Vining Peas and Oilseed Rape. The land also includes one small mature woodland coppice and shelterbelt surrounding the farmstead.

Location

High Bonwick is situated on the fringe of the Holderness plain, a renowned productive farming area. Surroundings are predominantly arable fields interspersed with attractive woodlands and shelterbelts. The farm has good transport connections, being only 21 miles from Hull railway station, from which some services to London Kings Cross take less than 2 hours 40 minutes. The A165 trunk road (4 miles to the west) provides access to Hull, Beverley and onwards to the wider motorway network.




Acreage: 421.37 Acres

Additional Info

Wind turbine - The tenant has installed an 11kw wind turbine north of the farmstead, this is utilised for onsite power requirements with surplus exported to the grid. This is treated as a tenants fixture and all income is retained by the tenant.

Sale Conditions - The farm will sold be subject to a large scale renewable overage (50Kw + schemes) set at 30% of any uplift in value as the result of the grant of any planning consent, for a period of 50 years from the date of completion of the sale.

Rights of Way, Easements & Wayleaves - The property is sold subject to, and with the benefit of all existing wayleaves, easements and rights of way, public and private whether specifically mentioned or not. Overhead electricity lines, a mains gas line and private water supply cross the farmland.

Services - Mains electricity (three-phase), mains water supply and private drainage.

Designations and Restrictions - The farm lies within a Nitrate Vulnerable Zone.

Subsidies & Grants - The agricultural land is registered with the Rural Payments Agency and the Basic Payment Scheme Payment is claimed and received by the tenant. The tenant has recently entered the Introductory Level Sustainable Farming Incentive Scheme.

Local Authority - East Riding of Yorkshire Council

Sporting Rights - 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.

Solicitors - Mills & Reeve LLP

VAT - The property is not opted to tax, therefore VAT will not be charged.

Council Tax - High Bonwick Farmhouse – Band F, High Bonwick Cottage – Band C

Energy Performance Certificates - High Bonwick Farmhouse – EPC F, High Bonwick Cottage – EPC E

Method of sale - High Bonwick Farm is offered for sale by private treaty as a whole, prospective purchasers are encouraged to register their interest with Savills as soon as possible.

Viewing - Strictly by appointment through the selling agents Savills York. The farm is being sold subject to the existing tenancy agreement with an ongoing business operating, which will remain unaffected by the sale. It is not proposed to allow internal inspection of the residential properties until preferred bidders are identified. Please respect our vendor’s tenants and do not view independently.