£11m 'outstanding' Norfolk farm sale attracting international interest

Weasenham and Raynham Farms, near Fakenham, is split over two holdings
Weasenham and Raynham Farms, near Fakenham, is split over two holdings

An 'extensive and outstanding' Norfolk farm with a guide price of £11m is attracting international interest, property agents have said.

Weasenham and Raynham Farms, near Fakenham, is split over two holdings and has commercial lets, four houses and earns a combined income of about £79,000 a year.

Christopher Miles, head of Savills' farm and estate sales in the East said he has not seen anything like this in Norfolk.

"They don't change hands very often, so to have a fully-serviced farm of this scale is very rare indeed.

"The supply of land to the market keeps falling. There is only about 20,000 acres marketed in the east of England each year, and in any one year it can be a lot less than that, so opportunities like this a few and far between.

"It is very attractive to farmers looking for a complete new unit, and investors who may be farming themselves or who may want to contract it out.

"It is not a local market for something this big. Something this large will attract national attention and, because the pound is very weak, it makes it very attractive to international buyers too."

Available in up to three lots with Savills, 682-acre Manor Farm and 515 acres of land at South Raynham could sell separately.

Mr Miles said the current owner has a large farming operation a few miles away, so the family wanted to reinvest the money into a different part of their portfolio.