*THIS IS A COMMERCIAL OPPORTUNITY, NOT RESIDENTIAL*

An exciting and rare opportunity to rent an established holding set within Kingsbury Water Park including a farmhouse, farm buildings, café and kitchen, play barn and farm shop.

In total, the holding extends to approximately 11.97 acres, with an optional additional 62.74 acres by separate negotiation.

Kingsbury Water Park extends to circa 600 acres with 15 lakes and large woodland areas and is renowned for attracting over 350,000 visitors every year to include anglers, holiday makers and recreationists. This provides an excellent diversification opportunity for the right tenants of Broomey Croft Farm.

Viewing day- 20th February 2024

NB: The £1 pcm is purely a 'Guide Price'. All offers are required to be put by tender before 13:00 hrs on Friday 8th March.

Please contact the agents at Godfrey Payton Warwick Office for further information or to make a booking-[use Contact Agent Button].

Location - Broomey Croft Farm is situated within Kingsbury Water Park, west of the village of Kingsbury.
The farm is situated close to the Staffordshire border, approximately 6 miles south of Tamworth and 13 miles northeast of Birmingham.
The location benefits from excellent transport links and motorway networks. The M42, A51, A4097 and A38 are all in close proximity, providing connectivity throughout the Midlands.

Kingsbury Water Park Information - Kingsbury Water Park extends to circa 600 acres with 15 lakes and large woodland areas and is renowned for attracting over 350,000 visitors every year to include anglers, holiday makers and recreationists. This provides diversification opportunities for the right tenant of Broomey Croft Farm.

Directions - Broomey Croft Farm is located on Bodymoor Heath Lane accessed via Kingsbury Water Park.
When travelling on the M42, exit at Junction 9 and continue on the Lichfield Road/A446. At the roundabout take the 3rd exit on to A4091. Follow this road for a mile until you reach Bodymoor Heath Road. Turn right and continue until you see a sign for Broomey Croft Entrance. Once reached, take the left turn and follow the road until you reach Broomey Croft Farm on your right (approximately 0.7 miles).
Postcode: B76 0EQ

The Holding - The main holding extends to approximately 11.97 acres (4.86 ha) including a farmhouse and a variety of established buildings including café building with a kitchen, play barn, farm shop, function rooms, toilet block, farm buildings and animal enclosures. The holding is made up of existing paddocks and benefits from an extensive car park. Additional land, totalling 62.74 acres (25.38 hectares), may also be included in the lease, if required, as part of the business proposition. The lake adjacent to the 11 acres is not included and is managed in hand by WCC.

Café - The café has been used previously and would be well suited to be reopened subject to improvements. The holding has good carparking and is separate to the main Centre of the Park with opportunities to service the adjacent caravan park and the fishing which utilises the lakes around the park.

Cropping - The (wider) holding consists of permanent pastureland used for livestock grazing and mowing and sections of woodland. The main fields adjacent to the buildings have been made into smaller parcels by the previous tenant for use of holding animals for the public to view.

Flooding - Being located within Kingsbury Water Park, the holding lies within Flood Zone 3. Potential tenants are to be aware of this and carry out their own research on this matter.

The Farmhouse - The dwelling comprises a detached two-storey, two-bedroom farmhouse including a porch, kitchen, bathroom and living room. Please see floor plans attached to this application.

Buildings - Broomey Croft Farm has a range of outbuildings well-suited to livestock housing, café and public access.
There are variety buildings including traditional brick, agricultural steel framed buildings with timber cladding and timber buildings, mostly with either concrete or hardstanding floors suitable for a wide range of uses.
The holding benefits from a play barn, a café with kitchen and office space, a farm shop, function rooms and a toilet block. All the buildings have water and electricity supply.
The farm will be left tidy and most of the buildings will be left in their current state of repair. The incoming Tenant will then be able to make a decision as to future usage and developments which should be discussed with the landlord.

Repairs - The Landlord currently plans to make various repairs to the farmhouse and buildings and details of these repairs can be obtained from the agents.
The Farmhouse will be brought up to regulatory standard however it will require a new kitchen, Bathroom, flooring and some decoration works. The tenant will be responsible for installing these items however they will have access up to £25,000 for these tenant improvement works. Details of these works will need to be included within the applicants business plan and they will be inspected by WCC building surveyor prior to authorisation of payment. The works will need to be completed in the first 12 months of the tenancy in order to receive the £25,000.
For avoidance of doubt, the tenant will be responsible for all repairs during the tenancy.

Services - Water
Mains water is connected to the farmhouse, farmyard and paddocks. Further information can be provided on request.
Electricity
There is mains electricity to the farmhouse and outbuildings.
Heating
There is an oil boiler system installed in the farmhouse and there is also an open fireplace.
Foul Drainage
Foul drainage is to a sewage treatment plant.

Planning - The holding has previously been used as part of a tearoom and open farm venue. The relevant planning history is set out under heading 9.
Applicants will need to be aware of this and any use contrary to current permitted use may require planning permission, which the Applicants will be responsible for researching and obtaining.

The Tenancy - The holding will be let on a business tenancy from 1st April 2024 for a term of 10 years. There will be a 5-year break clause for both the Tenant and Landlord if the Tenant does not comply with their business plan.
The lease will come under The Landlord and Tenant Act 1954 but will be contracted out of security of tenure provisions.
The Holding will be let on a full repairing and insuring basis with the tenant to reimburse the Landlord's insurance block policy for the building structures.
A draft copy of our standard agreement is available to view on request.

Rent - The rent is to be paid monthly in advance and reviewed on a three-yearly basis to Market Rent.
NB: The £1 pcm is purely a 'Guide Price'. All offers are required to be put by tender before 13:00 hrs on Friday 8th March 2024.
When submitting applications, we will require applicants to submit their best rental offer for the holding. Although the rental offer will be of high importance, our consideration will also be heavily based on the strength of the applicant's business plan for the holding.
It may assist your application to show how your rent offer was calculated, by itemising a sum for each part of the holding (e.g. farmhouse, land, buildings, etc). Applicants must indicate whether they plan to lease all of the land available (74.71 acres), or just the 11.97 acre section immediately adjoining the holding's built facilities.
The Tenant will be required to meet any Stamp Duty Land Tax or any other rates that may arise.

Viewing Arrangements
There will be a viewing day on 20th February 2024 and the farmhouse will be available to be viewed internally on this day. Viewings are strictly by appointment only and you will therefore need to book a time to view.
Please contact Harry Chichester on[use Contact Agent Button] or [use Contact Agent Button] for further details.