Savills achieved strong prices on the 1,961-acre Brauncewell estate, near Sleaford, Lincolnshire, whose sale was completed at the end of January.
The estate, which offers both commercial farming and future development opportunities, had been brought to market in mid 2010 and guided at £13.3m. Savills sold it in four lots, some of which achieved up to 15% above the guide price.
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‘The sale of the Brauncewell Estate has shown the strength and depth of the market, especially for good commercial arable land blocks,’ says selling agent Charlie Paton.
Brauncewell’s new owners are a mix of British buyers and investors. Their interest, says Stephen hall of Savills in Lincolnshire, is proof of how much the county has to offer to farming buyers. ‘Often we find that purchasers from further afield are pleasantly surprised by the look of Lincolnshire farms,’ he says, explaining that ‘there are some real gems’such as Manor and Hill Farms, two of the properties that formed part of the Brauncewell estate.
‘The size and availability of holdings, together with Lincolnshire’s geographical spread, means that the county remains the most popular for farm applicants looking in the East Midlands.’
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