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Income Producing Agricultural Holding with Strategic Development Potential

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Income Producing Agricultural Holding with Strategic Development Potential Income producing agricultural holding with strategic development potential Caegarw Farm, Pyle, Bridgend, South Wales, CF33 6PT • Farm house, traditional stone and modern farm buildings • 2 estate houses with agricultural restriction • Arable farmland, pasture and woodland • Operational solar farm subject to lease • Arable land is farmed using contractors • Total approximate annual income of £98,500 • Basic Payment Scheme Entitlements Included • Strategically located approximately 2 miles south of Junction 38, M4 Motorway • Land adjoining the Coed Hirwaun residential village • Separate 20 hectare (50 acre) lot adjoining settlement boundary at Laleston part under option to PLC housebuilder. Joint Agents In all about 235.9 hectares (583 acres) Available as a whole or in 8 lots Overview Caegarw represents a rare opportunity to acquire a significant agricultural estate with a current annual income from farming and solar farm enterprises amounting to approximately £98,500 per annum with In all about 235.9 hectares (583 acres) easy access to the M4 motorway. Available as a whole or in 8 lots The property is located adjacent to Margam National Park, one of Wales most popular tourist destinations receiving over 100,000 visitors each year. It also adjoins Coed Hirwaun (also known as Margam Village) a new community of approximately 400 homes, primary school, playing fields and district centre which was created approximately 25 years ago. The estate offers a number of potential development opportunities (subject to planning) including the potential for an extension to the existing solar farm, other energy related opportunities, restoration or re-development of the estate houses, redevelopment of the farmstead for a variety of alternative uses plus the potential for residential development in the form of an extension to Coed Hirwaun and/or the village of Laleston. Lot 1 - Solar Farm The property is available as a whole or in 8 lots as follows:- Lot 1 Approximately 163 acres of arable farmland, pasture, and woodland arranged in various enclosures together with a solar farm (approximately 46 acres) currently leased to Sunventures 7 Limited for a term of 30 years from August 2016. The current passing rent is £27,500 per annum subject to annual RPI rent Reviews. The total site area is approximately 209.25 acres. Access is available along the A48 where the property adjoins the northern fringe of the settlement boundary for the village of Pyle. Lot 2 Caegarw Farmhouse, yard, buildings and arable farmland totalling approximately 7 hectares (17.5 acres) independently accessed off the A48. The Farmhouse is of traditional stone construction, is not Lot 2 - Caegarw Farmhouse and Yard occupied and will require a complete refurbishment and refit. The buildings comprise:- Building Description Sq. Ft. Sq. M. Dry Grain Store 7 Bays, Atcost Construction 7,518 700 Wet Grain Store Atcost Construction with Kentra Grain Dryer 6,458 600 Former Meat Store Atcost Construction 2,152 200 Former Cold Store Steel Frame 1,614 150 Covered Logging Area F.H. Dale Construction 6,458 600 Machine Storage F.H. Dale Construction 4,036 375 Store Stone Construction 764 71 Front Store Stone Construction 3,229 300 Ground Floor Office Offices 710 66 First Floor Office Offices 1,614 150 Ground Floor Store Former Farm Shop 538 50 Please note all measurements are approximate and have been provided by the vendor and not verified by the selling agents. Lot 3 Cae Coed – 4 bedroom house subject to an agricultural occupation restriction and in need of complete refurbishment with a private drive shared with Lot 4 and centrally arranged in arable farmland of approximately 7.7 hectares (19 acres). Lot 4 Whitmoor Lodge – 5 bedroom 3 storey house subject to an agricultural occupation restriction and in need of complete refurbishment benefiting from a 6 stall stable block and private drive shared with Lot 3. The property benefits from its own mature woodland providing privacy to the buildings and includes a parcel of arable farm land all set in approximately 4 hectares (10 acres). Lot 5 Approximately 54 hectares (134.4 acres) of arable farmland and mature woodland situated on either side of the A48 and adjoining Coed Hirwaun village. The property also includes a narrow strip of land along the north and south boundaries of Coed Hirwaun village and the area to the east, currently in the ownership of a PLC Housebuilder (hatched grey on plan). Lot 6 Approximately 11.8 hectares (126.8 acres) of pasture and woodland situated adjacent to Margam Country Park. Lot 7 Approximately 20 hectares (50 acres) of arable farmland adjoining but outside of the settlement boundary of the village of Laleston. The land is split with approximately 2.5 hectares (6.3 acres) located on the south side of High Street (A473) and the remainder of the land located on the north side with frontage onto High Street (A473), A48 and Roger’s Sat Nav. CF33 6PT Lane to the north. Map Scale Approximately 22 acres of the property is subject to 1 : 12500 an option agreement in favour of a PLC housebuilder for an initial term expiring in 2020, but subject to an extension. Further details are available to interested parties from the selling agents. Lot 8 Lot 3 - Cae Coed Lot 4 - Whitmoor Lodge Approximately 6.9 hectares (17.1 acres) of amenity shrub and woodland to the south of Harbour Way Location (A4241) and adjacent to Margam Green Energy Plant. Caegarw and Coed Hirwaun Strategically located mainly within the Neath Port Talbot unitary authority area, but adjoining the Bridgend County Borough Council authority at its north western boundary. The land adjoins the villages of Coed Hirwaun and Pyle and is only approximately 2 miles from junction 38 of the M4 motorway accessed of the A48 (trunk road). The property is therefore well connected for access to the major towns and cities: • Bridgend: 7 miles Lot 8 • Cardiff: 26 miles Lots 1-6 • Swansea: 15 miles • Bristol: 65 miles • London: 170 miles Lot 7 Laleston Laleston is a popular village located approximately 2 miles west of Bridgend town centre and 4 miles east of the popular coastal town of Porthcawl with a population of approximately 12,500. The property is located adjacent to the A48 trunk road, providing easy access to the M4 at both junction 35 and 36 which are 4 miles equidistant from the property. Planning Caegarw and Coed Hirwaun The land at Caegarw and adjoining Coed Hirwaun is unallocated within the Neath Port Talbot Local Development Plan which was adopted in January 2016. The land forms part of a Green Wedge and the land east of the A48 is within a Special Landscape Area. The village of Coed Hirwaun has a defined settlement limit. Part of Lot 5 was put forward as a candidate site as an expansion of Coed Hirwaun Village by Neath and Port Talbot (NPT) County Council for the Pre-Deposit LDP Plan in September 2011 as Option 1. It was not preferred at that time over dispersal Entrace to Coed Hirwaun Village and Lot 5 of housing growth around NPT which was Option 2. Recently (March 2017) the site was put forward by a third party PLC housebuilder as a much wider proposal as part of the call for evidence and projects by Welsh Government to the National Development Framework suggesting that the wider proposal could provide a sustainable garden village delivering circa 7,000 new dwellings. Laleston The land at Laleston immediately adjoins the settlement boundary and is within a Special Landscape Area within the Bridgend Local Development Plan which was adopted in September 2013. Bridgend have recently fallen below the required 5 year housing land supply and have issued a delivery agreement setting out the timescales for a review of their LDP with a call for candidate sites during summer2018. The option holder will be promoting the area subject to option at Lot 7 for residential development through the plan review process. Lot 5 Tenure The freehold interest in all lots is available. Details of the option agreement in respect of Lot 7 is available on request. The sale of certain lots will be subject to overage provisions the details of which are available from the selling agents. Lot 5 adjoining Coed Hirwaun Estate Method of Sale Offers are invited for the property which is available for sale by Important Notice Private Treaty as a whole or separate lots as identified above. 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by HRT (Herbert R Thomas) or Savills in the particulars or by word of mouth or in writing (“information”) as being factually For further information and to arrange a viewing please contact accurate about the property, its condition or its value. Neither HRT (Herbert the joint selling agents: R Thomas) or Savills nor any joint agent has any authority to make any representations about the property, and accordingly any information given is MRICS entirelywithout responsibility on the part of the agents, seller(s) or lessor(s). James Mordecai 2. Photos etc: The photographs show only certain parts of the property as they Herbert R Thomas appeared at the time they were taken. Areas, measurements and distances 01446 776385 given are approximate only. [email protected] 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all Scott Caldwell MRICS information is correct. Savills 4. VAT: The VAT position relating to the property may change without notice.
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