Country property specialists Halls have completed the sale of a well known dairy farm in North Shropshire, which was on the market for around £5 million.
The sale of Park Hall Farm, near Ellesmere, which was part of the 680-acre Park Hall Farm Estate, marketed with a guide price of £8.25 million, was completed on December 23 on behalf of Tedsmore Hall Services Ltd.
The new owner is a well known Shropshire farming family, who also purchased the milking portion of the farm’s dairy herd, which extended to around 260 cows.
The farm comprised the Park Hall farmhouse, around 390 acres of prime pastureland and a brand new, state-of-the-art dairy set up, which included a GEA computerised 18:36 herringbone milking parlour, cubicle shed for 124 (cubicles for 320 cattle in all), 65,000 square feet of modern farm buildings and a new dirty water disposal system with a 100,000 gallon lagoon and underground piping to various fields.
Halls’ director Allen Gittins, who handled the sale, said: “We were delighted to be instructed to sell Park Hall Farm on behalf of Tedsmore Hall Services Ltd. It was one of the most important farms to become available in Shropshire for many years and had been the subject of substantial investment in the previous 12 months.
“The high level of interest from potential purchasers from across the country was a tribute to the investment made in this quality farm. We also negotiated the sale of the milking portion of the dairy herd to the new owner and held a successful dispersal sale at Shrewsbury Auction Centre on December 20 of the 200 followers and farm implements, machinery and vehicles.”
The farm sale completed a very successful year for Halls who also conducted the auction of Red House Farm, Aberhafesp, Newtown for £6.35 million in August. These were the two biggest farms sold in Shropshire and Mid Wales during 2013.
“The market for farms and agricultural land in Shropshire and Mid Wales remains extremely buoyant and has never been better. This should give farmers and landowners great confidence if considering selling in 2014,” added Mr Gittins.
“Vendors have been very pleasantly surprised by the prices achieved for them during 2013 and this strong demand for farms and land looks set to continue for the forseeable future.”