A landholding of more than 4,400 acres has been put up for sale in Northumberland.
Alcan Farms has instructed YoungsPRS to sell the land, which includes four farms, 19 homes, a wind farm, mineral assets and development opportunities. It is seeking in excess of £20m.
Graeme Bruce, partner at YoungsPRS, said: “This portfolio offers many options. It is unusual on a number of levels and as such we are anticipating interest from a diverse range of potential buyers and investors.
“The location offers a variety of development opportunities as well as income-earning potential from the wind farm and residential property portfolio.”
Agricultural land is finding favour among investors as values continue to rise and they look for ways to diversify their returns.
According to last week’s IPD rural index, total returns from the sector reached 9.9% in 2012, outpacing those of commercial and residential property.
Over the past five years average returns for the sector have totaled 8.9% pa, compared with 4.6% from residential and just 0.7% from commercial. Since 2008, rural land prices have risen by an average of 7% pa.
samantha.mcclary@estatesgazette.com
