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Great Law

Capheaton, Newcastle upon Tyne, NE19 2AN

Guide Price £2,000,000


  • 5 Bedroom farmhouse and two 2 bedroom cottages (all with EPC band E)

  • Extensive ranges of modern and traditional farm buildings

  • Stables, Garages, Workshop

  • Freehold for sale subject to an Agricultural Holdings Act

  • tenancy on first succession

  • Rent £37,000pa

  • Arable farm with good road and track network

  • About 9.8 acres (3.96 Ha) of scattered mature woodland which are outside the tenancy

  • Total acreage: 440.86 acres (178.41 Ha)

  • Freehold for sale

  • Closing date for best offers: 21 May 2021

CLOSING DATE SET FOR FRIDAY, 21ST MAY 2021 AT NOON.

SUMMARY
For sale, subject to Agricultural Holdings Act tenancy on first succession, Great Law Farm is an excellent arable farm of about 440.86 acres (178.41 Ha) which benefits from a pretty, 5 bedroom farmhouse and two 2 bedroom cottages. The …

CLOSING DATE SET FOR FRIDAY, 21ST MAY 2021 AT NOON.

SUMMARY
For sale, subject to Agricultural Holdings Act tenancy on first succession, Great Law Farm is an excellent arable farm of about 440.86 acres (178.41 Ha) which benefits from a pretty, 5 bedroom farmhouse and two 2 bedroom cottages. The farm is served by
an extensive range of modern and traditional buildings, stores and a workshop.

FARM BUILDINGS
The farm buildings are identified on the Buildings Plan. These buildings include three modern general purpose buildings together with a range of traditional buildings. The farm buildings are approached via concrete roads and aprons; are positioned at the western end of the steading and allow an efficient farming business to operate
providing covered space for grain, machinery and livestock. The two modern general purpose buildings in the south west corner of the steading belong to the tenant.

DWELLINGS
The stone-under-slate farmhouse offers spacious 5 bedroom accommodation. The Farmhouse has been beautifully looked after by the tenants including the recent addition of a storm porch (13’x8’6” (4m x 2.6m)) on the north elevation of the farmhouse. There are two 2 bedroom cottages at the west end of the traditional range of buildings which serve the farm well.

LAND
The land extends to about 440.86 acres (178.41 Ha). 422 acres are set to arable crops. 5 acres of pasture, 4 acres of steading and about 9.8 acres of Woodland. The boundaries are generally in good condition and most enclosures have access to a natural water supply. Under the DEFRA Agricultural Land Classification Map the land is principally classified as Grade 2. The predominant soil type is defined as Soilscape 16: Very acid loamy upland soils with a wet peaty surface.

RENT
The current rent passing is £37,000pa.

SUBSIDIES
The sale does not include any Basic Payment Scheme Entitlements.

WAYLEAVES EASEMENTS AND RIGHTS OF WAY
The holding is sold subject to all existing wayleaves, easements and rights of way.

SPORTING AND MINERAL RIGHTS
The sporting rights are included in the sale as far as they are owned. The minerals are reserved out of the sale by a previous owner.

TENANCY AGREEMENT
The tenant is responsible for all repairs and insurance for the property. The tenancy was granted in 1983 and has a right of succession under the 1986 Act for 3 generations of occupation by the same family. The first succession has happened. A copy of the tenancy agreement can be made available to interested parties upon application.

CLOSING DATE
Best offers are invited on or before 12 noon on 21 May 2021. Those intending to make an offer are advised to inspect the holding thoroughly and take all relevant factors into account in framing their offer.

Offers will need to include the following:
1. The name of the purchasing entity.
2. Confirmation if the offer is subject to the sale of another property.
3. Proof of funds to complete the transaction. If the acquisition requires third party funding, please provide details, including available equity and proposed source of additional finance required.
4. Confirmation of what further approvals are necessary, including if a third party valuation is required, along with the anticipated timescale.
5. Proposed timescale for exchange of contracts and completion of purchase.
6. No offer that relates to any other offer will be considered
7. Your solicitors details

All offers should be made in writing and enclosed within an envelope marked “Great Law Farm Tender – Private and Confidential” addressed to: Galbraith LLP, Hexham Business Park, Burn Lane, Hexham, Northumberland, NE46 3RU