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The Bridge and Brockton Estate

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The Bridge and Brockton Estate THE BRIDGE AND BROCKTON ESTATE THE BRIDGE AND BROCKTON ESTATE Newport, Shropshire, TF10 9EP a superb investment estate High quality commercial investment estate, comprising two independent farms let under two separate Agricultural Holdings Act Tenancies Brockton Manor Farm comprises an impressive seven bed manor farmhouse, three further semi-detached cottages, extensive range of modern and traditional buildings and high quality arable farmland extending to 810 acres (328 hectares) Bridge Farm comprises a farmhouse with two further detached cottages, extensive range of farm buildings, in part already diversified, and good quality arable farmland of Grade 2 and Grade 3 quality, totalling 468 acres (189 hectares) In all 1,278 acres (517 hectares) Annual rent of £114,538 Available as a whole or in 2 lots Newport 2.5 miles • Telford 7 miles • Stafford 17 miles Shrewsbury 18 miles • Birmingham 38 miles (All distances are approximate) Savills Telford Savills London Hall Court 33 Margaret Street Telford, TF3 4NF London W1G 0JD Tel: 01952 239 529 Tel: 020 7409 8882 Contact: Rhydian Scurlock-Jones Contact: Alex Lawson [email protected] [email protected] savills.co.uk YOUR ATTENTION IS DRAWN TO THE IMPORTANT NOTICE ON THE LAST PAGE OF THE TEXT INTRODUCTION SITUATION The Bridge & Brockton Estate provides a rare opportunity to purchase a high quality The Estate benefits from good transport links to both local amenity centres such commercial investment estate in a part of the country characterised by a relatively as Newport to the east and Telford in the south west; and larger centres such as low supply of larger farms. Bridge Farm and Brockton Manor Farm are let under two Shrewsbury and Stafford to the north east and south west respectively. Stafford railway separate Agricultural Holdings Act Tenancies, on full repairing and insuring terms. station is located approximately 15 miles to the east and offers direct rail links to London Euston with a journey time of approximately 1 hour 18 minutes. LOT 1 - BROCKTON MANOR FARM The farm is let by way of an Agricultural Holdings Act Tenancy agreement dated 17 November 1981 and qualifies for 50% Inheritance Tax relief after 7 years of ownership for an investor. The tenancy states that 491.77 acres constitutes a first succession and the balance of the holding is a first letting. The Vendor believes that due to subsequent surrenders approximately 124.115 ha ( 306.69 acres) now remain comprised in the area identified as a first succession. Further to the original agreement, a surrender of part of the holding has been undertaken with the current rent passing for the holding, accounting for this surrender being £77,238. The predominantly irrigated arable farmland extending to approximately 809.67 acres (327.658 hectares). RESIDENTIAL BROCKTON MANOR FARMHOUSE • The main residence is Brockton Manor Farmhouse: an impressive Grade II listed C19, seven bedroom, three storey, red brick manor house, mature gardens and grounds with immaculate lawns and tennis court. All in excellent condition and unusually grand for a let farmhouse. • Accommodation comprises: • Ground Floor: Kitchen, snug, drawing room, dining room, sitting room and office • First Floor: four double bedrooms , one en-suite and dressing room, and family bathroom • Second Floor: two double bedrooms, shower room and storage • Occupancy: Let under Agricultural Holdings Act 1986 • GIA: 5,170 sq ft The Lodge BROCKTON MANOR FARMHOUSE Gross internal Area (approx) Farm House: 480.3 sq.m / 5170 sq.ft Lodge: 67.9 sq.m / 731 sq.ft For identification only. Not to scale. The Lodge First Floor Ground Floor Second Floor Brockton Manor Lodge • Semi-detached red brick cottage, adjoining Brockton Manor Farmhouse • Accommodation comprises: • Ground Floor: Kitchen, living room, utility room and family bathroom • First Floor: two double bedrooms • Occupancy: Sub-let under Assured Shorthold Tenancy • EPC Rating: E • GIA: 731 sq ft Brockton Cottages No.1 Wrekin View • Red brick semi-detached cottage built in the 1940’s with far Brockton Manor Lodge to the left reaching views. • Accommodation comprises: • Ground Floor: kitchen with pantry, dining room and living room and downstairs WC • First Floor: Three double bedrooms and one family bathroom • Log store and coal store, detached storage unit/garage • Large enclosed garden • Occupancy: sublet on Assured Shorthold Tenancy • EPC Rating: F • GIA: 1,076 sq ft No. 2 Wrekin View • Red brick semi-detached cottage built in the 1940’s with far reaching views • Accommodation comprises: Wrekin View Cottages • Ground Floor: kitchen with pantry, dining room and living The Lodge 1 Wrekin View 2 Wrekin View room • First Floor: Three double bedrooms and one family bathroom • Log store and coal store and garage • Enclosed garden to front and rear • Occupancy: sublet on Assured Shorthold Tenancy • Services: Coal fire and back burner boiler, immersion heater, mains water • EPC Rating: E • GIA: 1,076 sq ft FARM BUILDINGS Extensive range of modern and traditional buildings with potential for alternative use (see Block Plan) and 4 separate points of access to the public highway NUMBER DESCRIPTION GEA Sq M 1 Old stables - Traditional red brick built building (single storey) under 68 pan tiled roof, cobbled stone floors. Internally the building is utilised for general storage and a gardeners WC. 2a Agricultural building - Red brick built building under steel frame 329 corrugated roof. Roller shutter doors at each end; concrete floor; utilised as a fertiliser and general store. 2b Old stores - Red brick building, with roller shutter door and sliding 94 door. Utilised as a garage and workshop. 3 Triple span Dutch barn and lean to - Open fronted under a corrugated 440 roof with a concrete floor. Utilised for general machinery storage. 4 Grain Store - Steel portal frame under profile sheet roofing. On floor 656 grain drying, double roller doors. Approximately 2,000 tonnes of wheat storage capacity. 5 Red brick barn – Grade II Listed, Circa C17 timber framed barn with 176 red brick infill panels, on brick plinth. Tiled roof with gabled ends. South end extended in brick in C18 with crow stepped gable. Two cart entrances on road side, one blocked with modern brickwork. 6 Chemical Store - Timber framed red brick building under tiled roof, 97 single storey, attached. 7 General purpose agricultural building - steel portal frame, Yorkshire 470 boarding under corrugated roof, roller shutter doors x 3; utilised as farm machinery storage (This is a tenant’s improvement). 8 Open fronted brick store under a tiled roof. Utilised as general storage. 60 9 Open fronted brick store under a tiled roof. Utilised as general 70 storage. 10a Dutch Barn with lean-to, steel portal frame under corrugated roof. 451 10b Double Grainstore, Steel portal frame, double pitch corrugated roof; 351 concrete breeze block construction, sliding steel doors, 550 total tonnes capacity. 11 Open fronted Barn, steel portal frame under corrugated roof. 354 12 Workshop, steel portal frame under corrugated roof. 350 13a Potato store, Double pitch corrugated roof, roller shutter doors, 553 part red brick built. 13b Old workshop, Brick building under pan tiled roof. ‘L’ shape floorplan. 196 14 Traditional red brick built barn (double storey) under pan tiled roof; 66 timber lean-to, hayloft on second floor; general storage below. 15 Red brick and stone outbuilding; four separate stores; timber frame 162 and timber stable doors. LAND • Extensive, high quality predominantly irrigated arable farmland extending to approximately 809.76 acres (327.658 hectares). • The majority of the land (approximately 80%) is Grade 2, while the remainder is Grade 3. • This is high quantity and versatile land. The majority of the land is suitable for Potato cropping with the land having historically supported a range of cereals, legumes and root crops. The current arable rotation comprises Peas, Potatoes, Winter Rape, Winter Wheat with the remaining land designated as amenity / environmental areas. • The borehole was installed in 1985, with a new pump fitted in 2012 by the tenants. We understand the land benefits from three abstraction licences for the purposes of spray irrigation, which are not time limited. These are held by the tenants. • The land comprises approximately: • Arable; 743.5 acres (300.9 ha) • Pasture; 12.5 acres (31 ha) • Woodland; 35.2 acres (14.2 ha) • Miscellaneous; 18.5 acres (7.5 ha) • There is also a 2 million gallon reservoir – the Vendor will seek to enter into an agreement to retain access rights and use of water for irrigation of retained land, currently farmed by the same tenant as Brockton Manor Farm. LOT 2 - BRIDGE FARM • The farm is let by way of an agreement dated 25 March 1982, with a Deed of Variation allowing a succession to a Joint Tenancy dated 23 November 1999 (so effectively a first succession) • Full repairing and insuring terms. Residential elements comprise a farmhouse with two further three bedroom detached cottages sub-let on Assured Shorthold Tenancies • Extensive range of farm buildings in part already diversified and with further potential for alternative uses • We believe the farm will also qualify for 50% Inheritance Tax relief after 7 years of ownership for an investor • Current Passing Rent: £35,000 (with sub let income share of £2,300 per annum in addition) RESIDENTIAL Bridge Farmhouse • Bridge Farmhouse is the principal dwelling; a spacious two storey detached red brick farmhouse • Accommodation comprises: • Ground Floor: Kitchen, snug, dining room,
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