2014-06-16  

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Farmers are Back to the Fore in the Competition for Land

We are coming up to the half way mark in the year and H&H Land and Property, with their offices across the North of England and South West Scotland, have had a busy year so far.

Directors Julie Liddle and David Quayle comment on the land prices, with the addition of comments from Alistair MacMillan on the Scottish offering.

Julie Liddle

Julie Liddle

“Property sales in the North of the country are showing all the signs of building on a robust last six months,” says Julie from the Carlisle office of H&H Land and Property.

“With limited land coming to the market, primarily due to the ongoing low interest rates, prices are holding firm in some instances and sneaking up in others. As ever the type and location of the property affects the value and desirability in the marketplace.”

H&H Land and Property have seen good prices achieved through sales by private treaty and public auction. Latterly land values, whilst affected by size and location, i.e. small areas tend to make more money, have seen the emergence of a really interesting factor. This is that the former significant values paid for some land by the non-farmer with disposable income, which was a big feature in the heady days just prior to 2007/8, has now transferred to the farmers; they are the significant players, lifting land prices on occasion to where they were formerly. The purchaser with disposable income has all but disappeared.

David Quayle, who is based in the North East office of H&H Land and Property said: “Within the North East region there are surprising variations in land values. It is not rocket science - quality farms in good locations are very much in demand and there is limited supply. People will pay a premium to acquire land close to their existing enterprises.”

Alistair MacMillan, Property Advisor for H&H Land and Property adds:

“Many reasonably equipped dairy farms in the South West Scotland were making the region of £8K per acre. We have the largest portfolio of farms coming on to the market with H&H Land and Property in Scotland for the past ten years, and we are pleased to have many prospective purchasers from both mainland UK and Ireland. The farms we have recently launched on the market have seen the largest number of viewings for many years.

We are seeing this buoyancy for both parcels of land and ring-fenced farms. Currently we are finding that there are many more purchasers than land available.”

Julie concludes: “Our summary is that confidence in land remains high. We have had land from £5,000 per acre up to £15,000 in the last 6 months. This extends from paddocks to whole farms covering just over 3,500 acres in total.”

“Year-on-year the North appears to match the national trend of significant increases. We at H&H Land and Property really are taking a good share of the and long may it last.”

Ayrshire Farm Cream of the Crop

The Carlisle office of H&H Land and Property has announced the sale of a 370 acre former dairy farm near Ayr in South West Scotland.

Overlooking the Irish Sea, Balig Farm is located in one of the most renowned dairy farming areas of South West Scotland. In addition to the high quality land, this farm offers an extensive range of modern and traditional outbuildings for cattle housing and a very well equipped farmhouse. Balig is for sale as a whole or in three Lots, with a guide price of £2 million.

The 372.50 acres of land is very high quality. The land lies towards the Irish Sea and is noted in the area as early productive land, there is in the region of 137 acres of good quality arable/cropping land with the remaining 235.50 acres prime grazing land.

There are cubicles for 142 cows, 2 bull pens in the dairy complex, with a Westfalia 12/24 swing over parlour complete with Auto ID. The dairy cow housing is well laid out with a central internal feed trough, rubber matted cubicles and automatic scrappers, a substantial loose housing shed provides further potential for milking cow housing. The three silage clamps lie close the dairy complex. Other building includes a grain store, calf housing, byre, loose housing, and calving shed.

Balig Farm

Balig Farm

The traditional 5 bedroom farmhouse included in the sale maintains many original features and has stunning sea stunning sea views. The elevated position of Balig offers purchasers the chance to further improve the property and create a stunning family home. The property has been previously used for commercial food preparation and benefits from a dairy, food preparation area, office and shower room.

Balig lies on Dunure Road, close to Ayr and with development already occurring in this vicinity, Balig Farm may have long term development potential for both housing and leisure uses.

The single farm payment entitlements are available by separate negotiation, there is currently no milk quota attached to the holdings.

“This is a fantastic opportunity for anyone looking to expand or relocated to a larger holding,” comments Craig Brough of H&H Land and Property, “The area surrounding Balig is renowned for dairy farming, and the land itself is highly productive. With not a lot of farms coming onto the market in this sought after area, this property will be of interest to many farmers as it offers both commercial and development potential”

Lot 1 includes, the Farm house, traditional farm buildings with the potential for further development and 105 acres of arable, mowing and grazing land. This is being sold with a guide price of £1,079,000.
Lot 2 is 240 acres of quality grazing land currently sectioned into 9 fields. This is being sold with a guide price of £700,000.
Lot 3 is 27 acres of arable land and mowing land being sold with a guide price of £230,000.

HH Land

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