Opportunity To Acquire Portfolio Of Farmland, Commercial And Residential Property In Renfrewshire
An attractive portfolio of agricultural land, residential and commercial properties situated in Inchinnan, Renfrewshire has been brought to the market.
Totalling 471 acres, The Cordale Portfolio, owned by Cordale Investments Ltd, comprises three farmhouses with steadings, 255 acres of good quality arable ground, 216 acres of permanent pasture and other ground, let commercial units, sheds and land with longer term investment and development potential.
The portfolio is being offered for sale as a whole, in 16 lots or as a company.
The Cordale portfolio, a compact block of ground, divided by the Black Cart Water and River Gryfe, occupies a prime position in rural Renfrewshire. Situated just three miles from Glasgow Airport and lying 11 miles east from the centre of Glasgow, it is in close proximity to the Inchinnan Business Park, with a good range of shops and professional services accessible in nearby Paisley.
The three residential properties within the portfolio consist of East Fulwood Farmhouse, Barnhill Farmhouse and Easter Walkinshaw Farmhouse. Each property includes traditional steading ranges which provide potential development opportunities.
East Fulwood, a comfortable four bedroom farmhouse, offers well proportioned accommodation over two levels extending to about 192sqm, and looks out in a south-westerly direction over a large garden. Attached to the north side of the farmhouse is a steading comprising of outside WC, kennels and two garages, and forming part of the steading is a charming one bedroom annexe. Over eight acres of good quality arable ground is included, including a pole barn with an area of hard-standing.
Barnhill Farmhouse is a recently refurbished, handsome country house, extending to 291sqm. The property includes a broad hallway, two spacious reception rooms, five bedroom and large family kitchen, with glazed sliding doors leading out to a sizable garden. To the rear of the farmhouse is a range of stone steading buildings comprising a large barn, cattle shed, stable, ruin and hay barn. A total of 23.97 acres of land is offered in the sale as is trout fishing rights for the River Gryffe.
Easter Walkinshaw Farmhouse is in need of total refurbishment and renovation but holds much potential to become a beautiful country home, offering accommodation on two levels extending to 193sqm. Adjacent to Easter Walkinshaw Farmhouse are a range of traditional stone outbuildings, which currently form four commercial letting units and would provide the purchaser with additional income stream (currently brining in an income of around £12,360pa).
Lying between 3m-7m above sea level, the portfolio offers good quality agricultural land, most of which has been classed as 3(2) by the Macaulay Institue for Soil Research. The majority of the land is let under Short Limited Duration Tenancies and annual grazing lets.
Two telecoms mast sites, currently leased to Hutchison 3 G UK Ltd and Vodafone, and agricultural sheds providing an additional income stream and potential development opportunities. Full details of the leases arrangements and current rent paid are available from the selling agent.
Duncan Barrie, who is handling the sale for CKD Galbraith, said; “The Cordale Portfolio offers a great opportunity for prospective buyers to acquire useful mixed portfolio of land and property, offering good farming interests and commercial opportunities, and we expect it will generate substantial interest.”
Offers over £2,490,000 for the whole. With individual Lot Prices from offers over £20,000 to £455,000.
Find out more about this property by downloading the schedule or contact Duncan Barrie on 01785 434 600.