Land market remains strong
Despite rising input costs and interest rates, and deeper reductions in BPS, the land market in the South East remains strong.
Farmland values have now reached their highest level since 2016, with the average value of good arable land currently in the region of £9,500 per acre.
There continues to be wide variations in prices being achieved, influenced by location and local competition.
The high values are being supported by pent-up demand, which reflects greater confidence in the marketplace for farms and land, together with a shortage in supply.
We anticipate that the 2022 land market will be buoyant in the South East.
We are already acting for a number of sellers in relation to private transactions, influenced by the current market conditions.
We are delighted to have been instructed to offer Queens and Kings Farm at Shorne for sale on the open market.
Situated in North Kent, it benefits from a strategic location between the towns of Gravesend and Rochester.
The farms comprise approximately 512 acres of mostly productive Grade I and II soils with some pastureland, together with a range of modern farm buildings including a 2,000 tonne grain store with drying facilities.
The arable land is versatile (with access to irrigation over part) and is capable of growing a range of high yielding and high value crops, including vegetable production utilising an existing 5 million gallon reservoir.
The farms are subject to the existing tenants in occupation under two Farm Business Tenancy (FBT) agreements, with fixed terms expiring in 2024.
The total rent passing over the whole equates to approximately £110,000.
We are anticipating strong interest from investors and institutions, as well as owneroccupiers.
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