For Sale3 Bedroom Bungalow in Newborough Estate - Lot 5, Thorney Road, Peterborough, PE6 0AD£3,600,000

A rare opportunity to acquire a large parcel of land in a productive farming area LOT 5 - 457.23 Acres (185.03 hectares) Lot 5 encompasses two tenancies; Willow Drove Farm and The Hedgerows. Willow Drove Farm is let on a Farm Business Tenancy until 10th October 2033 and extends to 455.86 acres (184.48 hectares). The rent passing is £59,940 per annum. Residential Properties Included within the tenancy across Willow Drove Farm are two residential properties, Willow Barn Farm and Lower Willow Farm. Willow Barn Farm is a new build residential property with construction completed in 2021. The property was erected by the vendors. The property extends to 1,327 sq ft and includes an open plan kitchen dining area with a large dining room alongside utility room. On the first floor there are three bedrooms and a family bathroom. Lower Willow Farm bungalow extends to 1,325 sq ft and benefits from kitchen, reception room, office, bathroom and three bedrooms. Farm Buildings The vendors constructed a new grain store at Willow Barn Farm in 2021, with a capacity for 800 tonnes. This building is accessed directly of Willow Drove, with Willow Farm Barn located beyond this down a farm track. There is a yard area to the rear of the farmhouse which has been substantially improved by the tenant. There are a good range of farm buildings to the rear of Lower Willow Farm, predominantly used to store equipment, seed, straw and fertiliser. Similarly, the tenants have also invested in this yard improving it where required. Agricultural Land The land across Willow Farm is predominantly classified as Grade 2 on the agricultural land classification, plus a small area of Grade 3 to the north west beyond the river bank. The land is of a good quality capable of growing a wide variety of crops including, sugar beet, potatoes and combinable crops. The land lies flat and is divided by dykes, access is taken from the public highway being Willow Drove, while the two fields to the north west are accessed by a right of access across a farm track. The Hedgerows extends to 1.37 acres (0.55 hectares) and is let on a Farm Business Tenancy until 10th October 2038. The tenants erected a number of buildings across the site. The passing rent is £500 per annum. View payable Stamp Duty for this property