TO LET ON A 10 YEAR LIMITED DURATION TENANCY (LDT) A PRODUCTIVE AND EXTENSIVE LIVESTOCK FARM WITH ACCOMMODATION AND FARM BUILDINGS

Transcription

1 TO LET ON A 10 YEAR LIMITED DURATION TENANCY (LDT) A PRODUCTIVE AND EXTENSIVE LIVESTOCK FARM WITH ACCOMMODATION AND FARM BUILDINGS heathmount farm, tain, rossshire, iv19 1ne

2 A PRODUCTIVE AND EXTENSIVE LIVESTOCK FARM WITH ACCOMMODATION AND FARM BUILDINGS heathmount farm, tain, rossshire, iv19 1ne Summary u Large period 4 bedroomed stone farmhouse if desired on SAT (EPC rating E) u Traditional single storey 2 bedroomed cottage (EPC rating F) u 3 bedroomed Dorran Cottage u A range of mainly modern farm buildings u Heathmount acres ( hectares) u acres (35.76 hectares) of additional good grazing land In all about 945 acres (382 Ha) Distances Tain 2 ½ miles Kildary 3 miles Dingwall 20 miles Inverness 34 miles Directions From the south take the A9 in the direction of Tain. About 7 miles before Tain take the turning on the left signed to Balnagown. Continue to the village of Kildary and after 1.6 miles join the B817 before bearing left after 100 metres onto the minor road to Lamington. After 1 mile at the crossroads turn right and continue for a further ¾ of a mile to Logie Hill. At the crossroads turn left and continue for 1 ½ miles to Heathmount Farm Steading which appears on your left. To reach the additional land at Marybank take the directions described above, but at the crossroads on the Lamington road turn left and the land appears on the left after ½ a mile. Location plans are included in these particulars. Location Heathmount Farm is situated in the favoured farming district with some of the best arable land in the north of Scotland nearby on the Tarbat Ness peninsula and Black Isle. There is a wellestablished network of agricultural services and suppliers in the area and a modern livestock market in Dingwall. The small town of Tain 2 miles to the north provides everyday facilities including a supermarket and bank whilst a

3 comprehensive range of facilities are available in Inverness, the capital of the Highlands, which can be reached in less than an hour by road on the A9 trunk road. In addition there is a railway station at Fearn and Tain which connects with the mainline service in Inverness to the South. Overview Heathmount farm is available to let from 28th November 2017and the grazing land at Marybank from 1st February 2018 with entry available to the successful applicant following conclusion of the formal tender process. The farm extends to acres ( Ha) this is divided approximately as follows: Good grazing/silage Rough Grazing Moorland/woodland acre ( Ha) of which acres are at Marybank acres ( Ha) acres (60.00 Ha) The farm forms part of the wider Balnagown Estate and the owners are looking for a tenant to take a Limited Duration Tenacy (LDT) for a term of 10 years. The estate is keen to encourage applicants from a wide variety of backgrounds and are looking for the farm to be managed in a sustainable way. It is recognised that the farm requires investment in fixed equipment and the landlord is looking for a tenant who will make the necessary investment. A record of condition will be taken at the start of the lease and tenants improvement will be compensated at the end of the lease in accordance with the legislation. Offers for the farm are being invited for the whole including the additional acres of good grassland at Marybank. However, Heathmount farmhouse is only available if required and will be let on a Short Assured Tenancy. A separate tender for the farmhouse is invited. Applicants are asked to indicate separately the level of rent they are prepared to pay for this property. Applicants should make a clear statement on their future management of the unit, including reference to proposals for nonagricultural diversification, environmental opportunities, or other business developments. An area of mainly rough grazing land at the southern end of the farm has potential for forestry extending to about acres ( Ha). This land is cross hatched on the attached plan and may be resumed by the landlord by notice served in accordance with the lease. Description Heathmount Farm extends to approximately acres ( hectares) as shown on the plans. According to the Hutton Institute Land Classification plans the majority of the land is grade 3/2 with the wetter areas of ground being grade 4/2 and the moorland grade 5/3. The land classified as grade 3/2 is theoretically capable of average production of barley, grass and oats with limited forage crops. Land within the remaining land classes is best suited to grazing. In recent years the farm has been run as a grassland only farm with occasional crops of turnips. Land at Marybank The land at Marybank is shown on plan 2 and comprises of acres (35.76 Ha) IACS registered area of grazing land, all of which is classified grade 3/2. The actual area to be included in the lease is slightly larger and will include a dutch barn. Buildings The buildings are shown on the block plan incorporated within these particulars and are numbered 1 to 9. The buildings are situated on the northwest side of the minor public road dissecting the farm. Building 1 Dutch Barn 22.8 m x 8.9 m Steel portal frame construction with corrugated asbestos cement sheeted roof and corrugated asbestos cement rainwater goods. Clad on three sides with corrugated steel sheeting, earth floor. One bay comprises of workshop with concrete floor. Building 2 Cattle Court 30 m x 12.4 m Steel portal frame, earth floor, corrugated asbestos cement sheeting roof and rainwater goods, concrete feed passage and feed barriers along one side, part stone wall along old steading. Building 3 Grain Store/ General Purpose Building 11.7 m x 14.9 m Concrete floor, block walls to 2.5 m, corrugated asbestos cement sheeted roof, two sides with sheeted steel doors, 4.7 m to eaves. Building 4 General Purpose Building 12.3 m x 14.4 m Steel portal frame, corrugated asbestos cement sheeted roof, part block walls and part clad in corrugated asbestos cement sheeting. Large sliding steel sheeted door to gable end. Building 5 Traditional Steading 16m x 4.5 m Stone walls mainly corrugated asbestos cement sheet roof, concrete floor contains handling pens. Building 6 Small Cattle Court 8.6 m x 10.5 m Concrete floor, timber trussed roof, corrugated asbestos sheeted cladding to roof, part block walls and part stone walls. Building 7 Barn with loft over 4.8 m x 6.73 m Building 8 Barn/ Grain store with loft over 5.31 m x 8.9 m Building 9 Redundant machinery store

4 In addition to the buildings at Heathmount there is a dilapidated cattle court and Dutch barn in the field at the southern end of the farm. The cattle court measures 9m x 32 m and comprises a steel portal frame, with corrugated asbestos cement sheeted roof. The Dutch barn measures 18m x 9.7 m, steel frame and corrugated asbestos cement sheeted roof. Heathmount Farmhouse A good sized traditional stone and slate 2 storey farmhouse with 2 reception rooms, office, kitchen with AGA, utility room and WC on the ground floor. 4 bedrooms, a shower room and bathroom on the first floor. The house has oil fired central heating and double glazed windows but requires some upgrading, redecoration and new floor coverings. Separate offers for a Short Assured Tenancy on this property are invited. Heathmount Farm Cottage This property is situated adjacent to the main farm steading. It comprises a detached stone and slate single storey cottage and the accommodation comprises 2 bedrooms and a box room, sitting room, kitchen and bathroom. The Dorran Cottage Also situated close to the farm buildings the Dorran has oil fired central heating and older type double glazed windows with 3 bedrooms, bathroom, WC, sitting room and kitchen. General Information Services The residential properties have mains electricity, mains water and private drainage. Local Authority The Highland Council Headquarters, Glenurquhart Road, Inverness, IV3 5NX Council Tax Bands Heathmount Farmhouse F Farm Cottage B Dorran A Grants, Subsidies and Quotas There are no basic payment entitlements available to the incoming tenant. Conditions of Let The successful applicant will be required to enter into a Limited Duration Tenancy for a period of 10 years commencing on the 28th November 2017 in respect of Heathmount Farm with delayed entry to the land at Marypark where entry will be from the 1st February Beyond the initial 10 year period there is no guarantee that the tenancy shall be continued, however, subject to satisfactory performance there is a possibility of extending the tenancy. The lease will be, in every respect, in the terms of the drafts of such documents which can be obtained, on request from Savills. It is vital that those offering for the tenancy should have obtained, familiarised themselves with, and taken independent advice, on draft documentation before submitting their offers. Each party will bear their own costs in relation to preparing the lease. The Land and Buildings Transaction Tax (LBTT) will be payable by the tenant, if applicable. Rent The rent will be a sum to be agreed between the successful applicant and the Balnagown Estate and will be subject to review every 3 years. Valuations There will be no ingoing valuations. A full Record of Condition of the holding will be carried out as soon as possible after the commencement of the tenancy. Viewing A viewing day will be held on Wednesday 11th October 2017 and Thursday 19th October 2017 when a representative of Savills will be in attendance at the farm between 10am and 5pm to answer any questions. Viewing at any other time will not be permitted without prior approval of Savills. All parties viewing must be in possession of a copy of these particulars. Submission of Tenders Tenders must be submitted on the prescribed form available from Savills, 7 The Square, Fochabers, IV32 7DG and should be returned to Savills in an envelope marked Offer for Heathmount Farm to be received by 12 noon on Tuesday 7th November Offers for the tenancy will not be opened before the closing date. Accordingly, any other letter requiring an earlier reply should be sent separately. Notes for Guidance for Prospective Tenants It should be noted that Balnagown Estate will not be bound to accept the highest or any other offer for the tenancy. Applicants must satisfy themselves by inspection or otherwise as to the accuracy of the statements contained in these particulars and no abatement of rent or other compensation will be allowed for misstatement of the extent of the farm or for any other reason. It is suggest to prospective applicants that in addition to completing the tender form attached to these particulars, it would be to their advantage to set out in some detail their proposals for the running of the farm including gross margins or similar calculations to show how

5 the rent offered can be justified. The following information will be of advantage to prospective applicants. Proposed Method of Farming Written details should be submitted as to the proposed method of farming plan giving details of relevant stock numbers, cropping, labour etc. This should include a gross margin analysis of the main enterprises, detailed cash flow for the first year, and general indication of the expected cash flows for the second and third years. If you consider that it will take longer than three years to achieve a satisfactory result a clear indication of the anticipated period is required. Please also include summary trading statements (profit and loss account) of the proposed enterprises for each of the first three years trading. Capital Requirements Information is requested regarding the source of financing and working capital and bank borrowing position. State the total amount of capital that you consider will be necessary to enter and stock the farm adequately. A separate schedule showing details of stock and machinery requirements including costs and timing of investment must be supplied. The amount of additional working capital required in the first 24 months of operation must be given. Fixed Equipment Heathmount Farm is advertised as a stock farm with the fixed equipment that is currently available on the farm at the commencement of the lease, and no further fixed equipment will be provided by the landlord. It is anticipated that the successful applicant will upgrade the fixed equipment as the tenants improvement for which compensation will be due at the end of the tenancy. The Record of Condition will be carried out for Heathmount Farm at the joint expense of the landlord and tenant at the commencement of the lease. Date of Information Particulars prepared: October 2017 Photographs taken: September 2017 This Plan is based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office. Crown Copyright reserved. ( ). This Plan is published for the convenience of Purchasers only. Its accuracy is not guaranteed and it is expressly excluded from any contract. NOT TO SCALE. This Plan is based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office. Crown Copyright reserved. ( ). This Plan is published for the convenience of Purchasers only. Its accuracy is not guaranteed and it is expressly excluded from any contract. NOT TO SCALE. Savills Fochabers 7 The Square, Fochabers Morayshire, IV32 7DG fochabers@savills.com savills.co.uk Important Notice Savills, their clients and any joint agents give notice that: 1: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 17/10/05 JW

6 NOTES This Plan is based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office. Crown Copyright reserved. ( ). This Plan is published for the convenience of Purchasers only. Its accuracy is not guaranteed and it is expressly excluded from any contract. NOT TO SCALE. Do not scale from this drawing unless for Planning purposes. Figured dimensions only are to be used. All dimensions must be checked on site by the Contractor prior to the commencement of any fabrication or building works. Where applicable, dimensions and details are to be read in conjunction with specialist consultants' drawings; any disparity between drawings is to be brought to the attention of Savills prior to the commencement of any fabrication or building works. This drawing is the property of Savills and may not be reproduced without their expressed permission. REVISIONS REV NOTE / DRAWN BY DATE HEATHMOUNT FARMHOUSE N FARM BUILDINGS HEATHMOUNT FARM COTTAGE DORRAN BUNGALOW BALNAGOWN ESTATE KEY: Balnagown Estate Heathmount Area: ha. / ac. Possible Woodland Area Area: ha. / ac. Farm Buildings & Dwellings Area: ha. / ac. PROJECT TITLE King's Causeway BALNAGOWN ESTATE HEATHMOUNT RELET CLIENT BOCARDO SA BALNAGOWN ESTATE DRAWING TITLE BALNAGOWN ESTATE HEATHMOUNT RELET SCALE DRAWING NUMBER REVISION /01 DRAWN BY CHECKED BY DATE CF FM OCT 17 PAPER SIZE DRAWING STATUS Settlement LOCATION PLAN Scale A3 INFORMATION 7 The Square Fochabers Moray IV32 7DG t: f: e: fochabers@savills.co.uk