The land forms the larger part of The Kingsdon Estate near Somerton in the heart of Somerset and comes onto the market with Greenslade Taylor Hunt at a guide price of £7 million for the whole.
The estate has been in the same family’s ownership since 1864 and with the family members now living overseas, it has been managed long-term by GTH partner, Neil Biffen who is also handling the sale.
He comments that “Whilst the main residence and most of the village properties have been sold off over the past few decades the land now on offer represents a very substantial commercial holding well positioned near the A303 Podimore roundabout.
“It provides an exceptional opportunity to both investors and farmers as the land is available as a whole or in up to six lots. The farmland is currently subject to five Farm Business Tenancies, which could all be terminated by the 30th September 2018, if required. The renowned Kingsdon Shoot operates over the woodland and Northern area of the estate under a Deed of Grant for Shooting and a Lease for areas used for game cover which could also be terminated on 1st February 2019.
As an investment the whole currently returns a gross income of £130,000 per annum. Alternatively there is the opportunity to create one or more new agricultural holdings by the development of the two existing small ranges of buildings located on the Northern and Southern parcels or simply to add to an existing farming enterprise”.
For more information and to arrange a viewing please contact Neil Biffen FRICS, FAAV at GTH, Langport Agricultural Office on 01458 250000 or e-mail email@example.com