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Nordelph farmland for sale for £15.75 million

Latest business news from the Lynn News, lynnnews.co.uk, @lynnnewscitizen on Twitter

Latest business news from the Lynn News, lynnnews.co.uk, @lynnnewscitizen on Twitter

More than 1,600 acres of top-quality fertile farmland five miles from Downham has been offered for sale for £15.75 million.

The whole of Nordelph Farm on Upwell Fen is classified Grade 1 by Defra and its silty, stoneless soil is used for growing a wide variety of cereal, root and vegetable crops.

The agents Strutt and Parker has given a guide price of £9,734 per acre for the single block of 1,618 acres, which is south of Nordelph and alongside the Old Bedford River.

Christopher Monk, of Strutt and Parker’s Cambridge office, said very few large farms go on the market today. “It’s because farming is popular and reasonably rewarding and the prices have been going up, People tend to to hang on when prices are going up. In this case, the owners have just decided they want to sell it.”

The land on the farm is level with large regular-shaped fields averaging 60 acres which makes it convenient for large scale modern farm machinery and techniques.

All of the land can be irrigated and the farm has a reservoir with a capacity of 15 million gallons with a winter fill licence. In addition, there is a second abstraction licence permitting a further 60 million gallons of water to fill another reservoir which has yet to be constructed.

There are 6,941 tonnes of British Sugar contract entitlement, which is included in the sale.

Woodhouse Farmhouse is the largest single dwelling on the farm, but the three-bedroomed house has been unoccupied for many years. There is also a pair of semi-detached three-bedroomed cottages, which are let on assured shorthold tenancies and together generate £10,500 rent a year.

There are two main ranges of outbuildings which include grain stores a refrigerated potato store, workshop and other farm buildings for equipment storage.

The farm is offered for sale as a whole and is currently contract farmed, although this agreement can be ended on September 30, subject to six months’ notice.

For further details, contact Strutt and Parker on 01223 459500.

 
 
 

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