Park Farm near Tewkesbury in Gloucestershire, a large rural farm estate with 423 acres of highly productive arable land, a 10-bedroom period house, a pair of three bedroom farm cottages and a range of traditional and modern farm buildings, is for sale at tender next week with a guide price of £2m.
Park Farm is let on an Agricultural Holdings Act tenancy, with a rental income of £23,500 per annum and would provide an investment for a purchaser looking for a secure short term return and a strong uplift in value over the medium to long term.
The guide of £2m reflects the fact that the property is currently tenanted. The farm has views over the Malvern Hills, while being only three miles from the M5, two miles from Tewkesbury and seven miles from Cheltenham.
The ten bedroom grade 2 listed house offers a stately period residence with large mature gardens and orchard, and is set in 423 acres of farm land. The farm also offers a pair of three bedroom farm cottages located off the entrance drive to the estate, as well as a large range of traditional and modern farm buildings.
Gavin Loynes, partner at Bruton Knowles’ Wolverhampton office says: ‘This is an ideal investment opportunity. It would suit a range of investors from farming families keen to significantly expand their holdings to lifestyle investors looking for a secure return and longer-term lifestyle opportunities. With land, cottages, traditional and modern farm buildings and an amazing ten bed residence the site boasts a great deal of potential and has already attracted strong interest from several parties in the first few days of marketing the property.’
The property is for sale by informal tender. Tenders are to be submitted to the offices of RG & RB Williams by 12 noon on Thursday, May 21 2009. Bruton Knowles’ Wolverhampton office on 01902 420070; www.brutonknowles.co.uk or RG & RB Williams on 01989 567233.