A rare opportunity to buy a 283-acre arable farm with a four bedroomed farmhouse near Wolverhampton is being offered by Shropshire agents Halls.
Pennwood Farm, Penn Common, between Wolverhampton and Bridgnorth, is on the market with a guide price of ’1.6 million. Due to its location, the farm offers scope for alternative uses and has development potential, subject to planning approval.
A and J. Mucklow and Co Ltd, who have owned the farm since 1964, are selling up to focus on the company’s core business of commercial property investment and development.
The productive arable land at Pennwood Farm has produced good crops of wheat, sugar beet and oilseed rape in recent years. Around 224 acres are currently growing arable crops and 28 acres of pasture support an equestrian livery business, which uses the main farm building.
The soil varies from a medium/clay loam to a lighter sandy loam, which is more free draining. Gently undulating, the land is divided into conveniently shaped fields with a network of tracks for ease of access. The pastureland is productive, well served by water troughs and divided into smaller fields.
The farm also has areas of amenity woodland, including Ashen Coppice and Park Coppice, which contain primarily semi-mature hardwood species. Other smaller sections of woodland add to the farm’s diversity and amenity value.
Extending to around 21,750 square feet, the principal farm building is currently used as an indoor floodlit manege with 29 substantial loose boxes. This building could be adapted for grain storage or livestock. In addition, there is a further brick building, a triple span Dutch barn with lockable steel doors and a concrete walled manure store.
The detached, south-facing, brick farmhouse, which was built in the 1960s, has recently been redecorated to a good standard internally. The ground floor has a porch, cloakroom, sitting room, dining room, fitted kitchen breakfast room and utility room. Upstairs there are four bedrooms and a bathroom.
Approached along a concrete driveway, the property also includes a double garage and a spacious lawned garden.
The holding is currently let on a Farm Business Tenancy until September 29, 2012 and the farmhouse is let on an Assured Shorthold Tenancy.
’Bearing in mind current farming returns, I recommend this farm to existing farmers who wish to expand,’ said Shaun Jones from Halls, Welsh Bridge, Shrewsbury who is handling the sale.