October 24 2014 Latest news:
Monday, June 9, 2014
A Grade 2 listed barn in the Fenland village of Three Holes and 76 acres of highly productive Grade 1 silt land, six miles south of Downham Market, goes under the hammer at the Cheffins Eastern Counties Property Auction on June 25 in Cambridge.
The barn, adjacent to Lode Hall, which is thought to have been built in the 19th century, has planning permission for conversion to a five bedroom house with three reception rooms and ancillary accommodation and stands on a generous plot with a further large outbuilding. The Auction guide price is £175,000 - £225,000.
The farm land is offered in two further lots of 42 acres and 34 acres with a total guide price of around £1m.
Also under the hammer is a compact residential farm extending to 148 acres near Denver, which includes productive arable land, outbuildings, woodland, and a grass airstrip and provides opportunities for a variety of farming systems with potential for diversification to leisure or amenity uses. The farm is being sold in two lots with a total guide price of £1.55m.
In total there are over 200 acres of farm and amenity land being offered in the auction, which is one of Cheffins’ largest ever with a total of 29 lots, including residential properties, commercial investments and development sites.
Cheffins auctioneer Simon Gooderham said: “The amount of farmland offered for sale on the open market across the UK in the first half of 2014 is up by just over 16pc on the same period last year and the East Anglian market has seen a good level of activity with a wide range of farming units being launched to the market during April and May. Whilst there still remains a wide variation in values there is a continued upward trend in value for all land types, with £10,000/acre now becoming the benchmark for commercial blocks of strong Grade 2 combinable crop land.”
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.