Farm & Estate Sales Page, Property Case Studies

Large farm portfolio gains overseas interest

Large farm portfolio gains overseas interest

The Bonnyhill Farm Portfolio, located in and around Falkirk and Larbert in central Scotland, represents a significant agricultural asset with a combination of historical importance and operational value. Spanning approximately 513 hectares (1,269 acres), the portfolio included a working dairy, extensive agricultural land, farm buildings, and six residential properties. A noteworthy aspect of the portfolio is its inclusion within the Antonine Wall World Heritage Buffer Zone, adding an additional layer of cultural and historical significance.

Market Offering: The portfolio was brought to market with a guiding price of offers over £8,450,000. Recognising the diverse nature of the assets within the portfolio, the property was segmented into six distinct areas of land, with each being offered as a separate lot. This strategic approach aimed to maximise buyer interest by providing flexibility to potential purchasers, whether they were interested in the entire portfolio or specific segments.

Interest and Marketing: Given the scale and location of the Bonnyhill Farm Portfolio, it was anticipated that the sale would attract significant attention. This expectation was met, as interest was generated both locally and internationally. The appeal of the property was multifaceted: the operational dairy offered an ongoing business opportunity, while the agricultural land and residential properties provided potential for various agricultural and investment pursuits.

Sales Process: Following a 12-week marketing period, which included extensive promotion and viewings, a closing date was set. The strategic decision to market the portfolio in separate lots proved successful, as it allowed for a more tailored approach to different buyer needs. Ultimately, the portfolio went under offer in two separate lots, ensuring the continuity of the dairy operation. The remaining agricultural land, which supports the dairy, was included in the second lot, maintaining the synergy between the land use and the ongoing business activities.

The sale of the Bonnyhill Farm Portfolio is a case study in the successful marketing and sale of a large, multifaceted agricultural asset. The approach of offering the land in separate lots, coupled with targeted marketing that reached both local and international buyers, resulted in a positive outcome. The continued operation of the dairy, supported by the adjacent agricultural land, highlights the importance of strategic asset management in agricultural property transactions.

Farm & Estate Sales Page, Property Case Studies

Local knowledge and market insight produces desired result for client

Local knowledge and market insight produces desired result for client

Our Estate Agency team in Perth was recently entrusted with the sale of two productive farming units located at Bankfoot, offering a unique opportunity for buyers interested in high-quality agricultural land. The properties, North Barns Farm and Coltrannie Farm, were predominantly classified as Grade 3(1) with areas of Grade 2. Given the prime location and the quality of the land, we devised a tailored marketing strategy that capitalised on our local knowledge and market insights. 

North Barns Farm (Lot 1) lies mainly to the east of the A9 and extends to 43 ha (107 acres) or level or gently sloping land.  Coltrannie Farm (Lot 2) extends to 47 ha (116 acres) and is mainly on the west side of the A9.  

Lot 3 is a very traditional stone-built, four-bedroom farmhouse with a surrounding garden, garage and sheds. This lot also included an option to purchase the paddock to the front which would add a further 2.67 acres.  Marketed together with modern agricultural sheds at offers over £1,150,000. 

Leveraging Local Knowledge: Our team’s deep understanding of the local market and buyer behaviour in the Perth area played a crucial role in the sale. We recognised that the timing of the sale would be pivotal. By launching the properties just ahead of the Royal Highland Show (RHS), we ensured that they would not be overshadowed by other farm listings that typically flood the market during this period. 

Strategic Marketing Timing: The decision to market the properties slightly before the RHS allowed us to showcase them on the Bell Ingram stand at the show, a prime opportunity to capture the attention of a wider audience, including potential buyers from outside the local area. This timing also enabled us to create a buzz around the properties, increasing their visibility and desirability. 

Flexible Lotting Structure: Offering the farms as separate lots or as a whole provided prospective buyers with options that suited their specific needs. This flexibility attracted a broader range of buyers, from those interested in expanding their existing agricultural operations to those looking for a traditional farmhouse with potential for lifestyle use. 

After a six week marketing period, during which interest in the properties grew steadily, we set a closing date for offers. This approach not only created a sense of urgency among buyers but also allowed us to manage the sale process effectively, ensuring that all interested parties had the opportunity to submit their best offers. 

The traditional Stone-Built Farmhouse remains on the market, offering potential to attract a buyer with a lifestyle interest or someone seeking a charming rural property. The flexible purchasing option, including the additional paddock, enhances its appeal. 

Farm & Estate Sales Page, Press Release Archive News

Bell Ingram brings two productive farming units to market just north of Perth

Bell Ingram brings two productive farming units to market just north of Perth

Bell Ingram is delighted to announce the release of two highly productive farming units for sale, strategically positioned just north of Perth with easy access to the A9.

Extending to approximately 91.38 hectares (225 acres), these properties are available as a whole for offers over £2,575,000 or can be purchased in three separate lots.

The farms feature a combination of predominantly Grade 3(1) land, with certain areas classified as Grade 2. The land benefits from modern agricultural infrastructure, including steel agricultural sheds constructed in 2008, 2010, and 2014, and a traditional four-bedroom farmhouse.

Property Highlights:

  • Lot 1: North Barns Farm – This lot includes the main farming unit, featuring three sizable steel agricultural sheds and a mix of Grade 2 and 3(1) land.
  • Lot 2: Coltrannie Farm – Also featuring predominantly Grade 3(1) land with easy access provided by the newly constructed Coltrannie road bridge over the A9.
  • Lot 3: North Barns Farmhouse – A traditional stone-built property with two public rooms, four bedrooms (three en suite), garden ground, and an adjacent paddock extending to about 1.08 hectares (2.67 acres).

The local area is well-served by a variety of agricultural contractors, merchants, and suppliers, with additional farming resources available through a successful local machinery ring. Regular livestock sales are conducted at the Stirling Agricultural Centre, enhancing the convenience for potential buyers.

Commenting on the property, Estate Agent Carl Warden said: “These two productive farming units, with the benefit of agricultural buildings and a traditional farmhouse, represent a rare and valuable opportunity for agricultural investors and farmers alike. Their prime location, combined with high-quality land and modern facilities, make them an exceptional offering in today’s market.”

For more information or to arrange a viewing, please contact Carl Warden at 01738 621 121 or via email at carl.warden@bellingram.co.uk.

Our people

Carl Warden

Carl Warden

Partner
Estate Agency
Tel: 01738 621 121

About: Carl heads up the Residential Estate Agency division for the company and has a proven track record within the Scottish property sector. He has been marketing property in the Perth and Kinross area for over 35 years and has vast and detailed practical experience and knowledge of selling prime residential property: from period homes to contemporary developments. Carl is well known in the local area, having developed excellent relationships with buyers and sellers. His wider role involves looking after and supporting our Agency teams and colleagues in Oban, Beauly, Ayr and Forfar. Interests: Estate Agency, Market Valuation, Negotiation.

Get in touch

We'd love to hear from you, use the form below to email me direct

    Farm & Estate Sales Page, The Bell Ingram Blog Spot News

    Contract Farming Agreements – what to consider

    Contract Farming Agreements – what to consider

    By Douglas Ogilvie, Farming Consultant

    Farmers need to respond to the challenges of increasing productivity, innovation, climate crisis, extreme weather and unknown policy changes that will hopefully help boost sustainable food production while supporting the environment.

    One way is for a landowner or tenant, while remaining in complete control of their business and being an active farmer, to harness the management skills, labour, machinery, sometimes breeding livestock and technology of another farmer.

    A Contract Farming Agreement is a straightforward Agreement whereby a Landowner or Occupier (the Farmer) engages the services of another Farmer or Contractor (the Contractor) on pre-arranged terms.

    These agreements can be extremely flexible, prospectively long term and many agreements have been going for over 30 years.

    The agreements are subject to the law of contract, and it is critical that these are properly drafted. There are many instances of agreements running into difficulties during inspections because of inadequate documentation or incorrect supervision.

    It is vital therefore, that the documentation is correctly drawn up and supervised. Agreements work better with a third-party adviser being a facilitator and prevent problems festering. The adviser helps prevent mistakes, parties behaving contrary to the agreement, or it being found a sham.

    Contract Farming Agreements should be distinguished from other agreements such as tenancies, partnerships, employment agreements, share farming and short term lets.

    The Farmer usually provides:

    • The land

    • The buildings

    • Fixed equipment (eg. grain drier), although sometimes the Contractor will provide these facilities

    • Single Farm Payment, LFASS, SSBSS, SUSSS and in certain cases AECS

    • Finance to administer the agreement

    • Short and long-term policy objectives

    The Contractor usually provides:

    • Labour

    • Machinery and all associated costs

    • Breeding livestock and replacements although these can also be provided by the Farmer.

    • Management expertise to implement the farming policy

    Variable Costs and Fixed Costs

    All variable costs are paid by the No. 2 Account. The Contractor pays for all his own labour and power costs. The remaining fixed costs are paid out of the No. 2 Account and may include:

    Livestock

    Breeding livestock can be owned by either the Farmer or the Contractor.

    Finding a Contractor

    Finding the right contractor this is the most important key to a successful long-term agreement, not the financial reward.

    Finally

    These agreements work extremely well for both parties for all enterprises whether arable or livestock. They are extremely popular and very flexible.

    For further information

    Contact Douglas Ogilvie who has over 37 years’ experience of Contract Farming Agreements or one of the Bell Ingram team in your local office. Tel. 01738 621 121.

    Our people

    Douglas Ogilvie

    Douglas Ogilvie

    Associate, Farm Management Consultant
    Rural Land Management
    Tel: 01738 621 121

    About: Douglas has been involved in providing strategic farm management consultancy to private clients and public bodies in Scotland from the Borders and Lanarkshire up to Sutherland and the Highlands and Islands since 1987. Douglas is renowned for his experience in setting up, providing documentation and managing over 30 arable and livestock Contract Farming Agreements, managing farms, advising on BPS, LFASS, AECS and completing subsidy applications. Douglas joined Bell Ingram in October 2023. Interests: Farm Management.

    Get in touch

    We'd love to hear from you, use the form below to email me direct

      Farm & Estate Sales Page, Press Release Archive News

      First class portfolio of farms comes to market in Stirlingshire

      First class portfolio of farms comes to market in Stirlingshire

      A large portfolio of farms in Stirlingshire including agricultural land and six dwellings has come to the open market.

      Rural Estate Agents, Bell Ingram is marketing the farms, which total 513.5 hectare (1,268.70 acres), as a whole at offers over £8,450,000 or in six individual lots.

      Bonnyhill Farm, Dykehead & Seabegs and Bonnyside Farm are all located within close proximity of the town of Bonnybridge and within about three miles of centre of Falkirk.

      The main farming units at Bonnybridge are used as a base for a dairy enterprise whilst the farms and land further east, near Larbert and Falkirk, are used mainly for the rearing of beef cattle and also for the growing of arable crops. The farms also include areas of woodland and include a number of dwellings and farm buildings.

      Estate Agent, Carl Warden comments on the sale: “We kick off the 2024 farm sales market with this large portfolio of businesses in Central Scotland. These first-class farming properties are currently used for a variety of different agricultural enterprises including dairy, beef cattle, arable crops and woodland. This sale presents an excellent opportunity for a diverse farming business looking to expand production.”

      Lot 1 – Bonnyhill Farm Dairy is a first-class dairy farm with a range of purpose-built dairy buildings and equipment, principal farmhouse and two detached modern bungalows. It extends to about 96.20 hectares (237.60 acres) and is the base for a 270-cow dairy herd. It has an asking price of offers over £2,300,000.

      Lot 2 – Dykehead and Seabegs farms include a cottage, outbuildings, farmland and woodland – 67.30 hectares (166.40 acres). It also includes an area of land at Reilly Road, which is held under Option. The land parcels are divided by railway lines and also by the Forth and Clyde Canal. Offers over £870,000.

      Lot 3 – Bonnyside Farm including outbuildings and land lies to the north of Bonnyhill Farm and adjacent to the village of Bonnybridge. The farm and land, extending to about 108.10 hectares (267.00 acres), currently operates in conjunction with the dairy enterprise and includes a farmhouse and two farm buildings which lie within the village. Offers over £1,550,000.

      Lot 4 – Househill Farm – 158.70 hectares (392.10 acres) including principal farmhouse, outbuildings and a range of land.  The farm is used as a base for a beef farming enterprise. It lies to the west of Larbert and to the southwest of the Forth Valley Hospital, adjacent to the M876 road. Offers over £2,700,000.

      Lot 5 – Arable land at Hardilands extending to approximately 62.80 hectares (155.10 acres).  Lying to the south of the Kincardine Bridge and to the northeast of Skinflats, within close proximity to the River Forth, it has an asking price of Offers over £750,000.

      Lot 6 – Arable land at Inches extending to approximately 20.40 hectares (50.50 acres) in all and lies to the north of Larbert. Offers over £280,000.

      For more information or to arrange a viewing please contact Carl Warden on 01738 621121 or email carl.warden@bellingram.co.uk.

      Our people

      Carl Warden

      Carl Warden

      Partner
      Estate Agency
      Tel: 01738 621 121

      About: Carl heads up the Residential Estate Agency division for the company and has a proven track record within the Scottish property sector. He has been marketing property in the Perth and Kinross area for over 35 years and has vast and detailed practical experience and knowledge of selling prime residential property: from period homes to contemporary developments. Carl is well known in the local area, having developed excellent relationships with buyers and sellers. His wider role involves looking after and supporting our Agency teams and colleagues in Oban, Beauly, Ayr and Forfar. Interests: Estate Agency, Market Valuation, Negotiation.

      Get in touch

      We'd love to hear from you, use the form below to email me direct

        Farm & Estate Sales Page, Press Release Archive News, Rural Land Management Page

        Retiral leads to farm machinery dispersal sale near Hartlepool

        Farm Machinery Dispersal Sale

        SATURDAY 28TH OCTOBER 2023 AT 11AM

        AT CLAXTON FARM, HARTLEPOOL, TS22 5PT

        On behalf of R D Dryden (retiring)

        To include: New Holland TX36 20’ cut combine K Reg, 4,040 hrs, self-levelling shoe, chopper & trolley; Clayton Bugge 24m Sprayer c/w Chafer tank; Maschio Power Harrow/Accord drill combination; 2 x Dowdeswell 5F Ploughs; Vaderstad Rapid 30 S mounted drill; Parmiter 12’6” Discs; Howard 100” Rotaspike; Lely 3 ½ m P. Harrow; Kuhn 4m & 3 ½ m P. Harrows; Twin leg sub soiler; Blench Packer; Simba 4m trailed press; Edlington 6m Rollers; N-H 286 Baler; Ritchie 56 Bale Carrier; Browns Flat 8 Sledge; 5 Round Bale Carrier; 14T Trailer; JCB 3C.

        Included by permission: Ford Ranger 19 Reg c. 26,000 miles 3.2 6 speed manual, tow bar.

        On behalf of Mrs M J Dryden: Deutz DX 450 4wd c/w Alo loader; John Deere 2650 2wd; MAN 8-163 7 ½ t Truck (no test); N-H 1530 12’ cut combine; Petbow FC48 60Kva generator; Kuhn 3m P. Harrow/Accord drill combi; J-D 359 small baler; J-D 550 R Baler; Dowdeswell 4+1 Rev Plough; Ransomes 4F Plough; 2 Sets Cambridge Rolls; Small trailed sprayer; 2 Sets Discs; P-Z Haybob; 56 Bale Carrier; Bale squeezer; Parmiter Post Knocker; Slurry Tanker; Drainage pipes; Various Dual Wheels; Rice Trailer; Manitou (scrap).

        Produce: 75 R Bales Haylage. No small tools. Refreshments available.

        Our people

        Derek Tyson

        Derek Tyson

        Partner, MRICS FAAV
        Utilities & Renewables
        Tel: 01845 522 095

        About: With over 40 years’ experience in rural land agency, Derek has responsibility for the Thirsk office providing valuation sale and management advice for our ever expanding private client base and our existing portfolio of pipeline and utility clients. Interests: Pipelines & Utilities, Rural Land Management, Valuations, Estate Agency

        Get in touch

        We'd love to hear from you, use the form below to email me direct

          Farm & Estate Sales Page, Press Release Archive News

          Attractive farm with huge diversification potential for sale on the Isle of Arran

          Attractive farm with huge diversification potential for sale on the Isle of Arran

          Rural property experts, Bell Ingram is delighted to bring South Bank Farm to the market, a most attractive farm with traditional farmhouse on the Isle of Arran with uninterrupted sea views towards Ailsa Craig and the Ayrshire Coast. 

          With approximately 121.55 ha (300.36 acres) it is for sale as a whole or in three lots. Lot 1 comprises the farmhouse, a bothy, steading and about 2.83 ha (7 acres). Lot 2 consists of good quality grazing and permanent pasture at about 28.32 ha (70 acres). Meanwhile Lot 3 comprises grazing and hill land at about 89.8 ha (221.8 acres).

          South Bank is a most attractive farm with a stone-built farmhouse, well maintained gardens, a traditional courtyard steading and a mixture of good quality grazing land and hill ground. It is currently run as a productive sheep farm and previously the present owners successfully ran it as farm park with sheep dog trials as an attraction. There is a bothy and former art studio adjoining the outbuildings.

          Given its close proximity to the road it is ideally located for passing trade.

          The farmhouse enjoys uninterrupted sea views towards Ailsa Craig and the Ayrshire coast. It is well presented with well-proportioned rooms. It has a good-sized dining kitchen with useful utility room, living room with log burning stove, study, bathroom and conservatory overlooking the gardens towards the sea. At upper floor level there are three bedrooms, a boxroom and WC.

          The steading lies at the rear of the house and forms a sheltered courtyard. It comprises a bothy which has its own front and rear entrance with kitchen, separate living area and shower room with separate WC. This could have potential to provide possible rental income subject to appropriate consents.

          There is a former studio/gallery which leads to large workshop and a variety of sheds for multi-purpose use including garage, log store and tool shed. To the side of the steading is sheep handling pens.

          The gardens have been well maintained and are laid out mainly in lawn with a variety of mature trees and shrubs. The grazing land of about 2.83 ha (7 acres) is situated close to the house and steading. The land is well fenced and drained.

          Commenting on the property, Estate Agent, Lauren Howie says: “This is an excellent opportunity of acquire a most attractive farm. The acreage and quality of the land combined with the farmhouse and buildings, provide a number of options for diversification”.

          For more information, or to arrange a viewing contact Lauren Howie on 01292 886544 or email lauren.howie@bellingram.co.uk 

          Our people

          Lauren Howie

          Lauren Howie

          Estate Agent
          Estate Agency
          Tel: 01292 886 544

          About: Lauren delivers a complete Estate Agency service for a wide variety of private and public clients across Ayrshire and South West Scotland. Her remit includes the assessment and sale of prime residential and other rural property, preparing properties for sale, overseeing the marketing from launch to offer and negotiating property transactions. Interests: Estate Agency.

          Get in touch

          We'd love to hear from you, use the form below to email me direct

            Farm & Estate Sales Page, Property Case Studies, Uncategorized

            Expert Knowledge Gleans Results at Mains of Craichie

            Mains of Craichie & Land at South Mains

            Expert knowledge in Bell Ingram’s Farm Sales team gleans results for our clients

            Mains of Craichie & Land at South Mains near Forfar hit the market in Spring 2022 for offers over £7.5million.

            The first-class arable farm is complimented by purpose-built farm buildings and two houses with land extending to approximately 262.20 hectares (647.88 acres). The Angus farm was conveniently placed just two miles from Forfar and 14 miles from the City of Dundee.

            Bell Ingram’s Farm Sales experts based in Forfar managed the large sale with support from the Perth Estate Agency team. Many of Bell Ingram’s Farm Sales team come from agricultural backgrounds and currently run their own farming businesses. They understand this highly specialist market and the sensitivities involved in selling a large farming business such as Mains of Craichie.

            The decision was made to offer the land as a whole or as two lots to generate interest. For offers over £7,500, 000, lot one comprised approximately 534.27 acres of prime agricultural land and main farmhouse, outbuildings and smaller one storey farmhouse.

            Lot two comprised the Land at South Mains, which is approximately 113.61 acres of prime arable ground set in three enclosures for offers over £1,360,000.

            Our Farm Sales team offer a full range of marketing strategies and create a bespoke blueprint to deliver maximum exposure. This is coupled with our enviable database of farming contacts, which in this case resulted in a large amount of interest in the sale.

            After a hugely successful marketing campaign a closing date for offers was set. This resulted in 12 offers for the different lots, however, the sale was concluded as a whole lot for significantly over the asking price – the ideal outcome for our client.

            If you are looking for a similar result for your farm, get in touch with our Head of Farm Sales, Malcolm Taylor at malcolm.taylor@bellingram.co.uk, or call us on 01307 462516.  

            Our people

            Malcolm Taylor

            Malcolm Taylor

            Senior Partner, FRICS ACIArb
            Rural Land Management
            Tel: 01307 462 516

            About: Malcolm is Bell Ingram's Senior Partner and heads up the company's Forfar office, where he specialises in farm and estate management, including the provision of agricultural rental advice and acting as an expert witness. He is the immediate past chairman of the RICS in Scotland and remains actively involved with the Institution. Malcolm is also head of Lettings within Bell Ingram. Interests: AMC Agent, Corporate Estate Management, Rural Land Management, SRDP Applications, FRICS Registered Valuer.

            Get in touch

            We'd love to hear from you, use the form below to email me direct

              Farm & Estate Sales Page, The Bell Ingram Blog Spot News

              Optimism Returns to Farm Sales Market

              Optimism Returns to Farm Sales Market

              Our Head of Farm Sales, Malcolm Taylor looks at the current landscape and the opportunities to be had in this year’s farm sales market.

              Snapshot of the market

              As we look forward to the 2023 farm sales market it seems only right to take time to reflect on the year that has gone. We all remember the highs of the spring and early months of 2022, which seen interest from new buyers looking for forestry and natural capital opportunities pushing land way beyond traditional values and some exceptional outcomes for our clients.

              In 2023 the landscape looks different again. Stock levels remain low as rising interest rates, and the cost of money from the lending institutions increasing both act as deterrents. But there is no shortage of individuals looking to purchase good quality farmland.

              Following the disastrous minibudget, we are starting to see confidence from investors return, particularly from down south. This is fuelled by growing awareness around how precious land is as a resource, be it for food production, natural capital solutions, renewable energy sources and the contribution to the wellbeing economy. 

              An increase in the cost of inputs continues to impact the viability of some farming businesses and with a lack of any detail around Government grant schemes both sides of the border, it is inevitable that more farms will come to the market in 2023.  

              What can you expect for your farmland?

              Average arable land and the best pasture-land values have been relatively steady but there is still limited supply and continuing demand, especially where neighbours have the chance to buy. Private transactions remain popular particularly where speed and privacy are key, or if there’s likely to be a limited market.

              The value of grazing and hill land, which has been fuelled by unprecedented demand from investors looking for commercial tree planting is perhaps steadying a little but is further bolstered by interest in natural capital, including peatland restoration and rewilding projects, although values are very site specific making it difficult to apply averages.

              Price Per Acre

              Best Arable £8,000 – £15,000

              Commercial planting £5,000 – £8,000

              If you are thinking of putting your farmland on the market, our Head of Farm Sales, Malcolm Taylor will be pleased to discuss your requirement. Email malcol.taylor@bellingram.co.uk or call 01307 462516.

              Our people

              Malcolm Taylor

              Malcolm Taylor

              Senior Partner, FRICS ACIArb
              Rural Land Management
              Tel: 01307 462 516

              About: Malcolm is Bell Ingram's Senior Partner and heads up the company's Forfar office, where he specialises in farm and estate management, including the provision of agricultural rental advice and acting as an expert witness. He is the immediate past chairman of the RICS in Scotland and remains actively involved with the Institution. Malcolm is also head of Lettings within Bell Ingram. Interests: AMC Agent, Corporate Estate Management, Rural Land Management, SRDP Applications, FRICS Registered Valuer.

              Get in touch

              We'd love to hear from you, use the form below to email me direct

                Farm & Estate Sales Page, Press Release Archive News

                Perthshire estate achieved significantly over the asking price after being offered in five separate lots

                Perthshire estate achieved significantly over the asking price after being offered in five separate Lots

                The successful sale of the Perthshire estate was one of the highlights of 2021 for Carl Warden, Partner and Head of Estate Agency.

                The 275-acre estate, which centred around a nine-bedroom principal house, parts of which dated back to the 1500s, had been in the same family for a number of generations.

                With outstanding views over River Tay to the hills beyond, the property also encompassed two detached cottages, grazing land, salmon fishing rights and woodland. Interestingly, the top section of the estate was subject to an SSSI as an important breeding ground for the Northern Blue Damselfly.

                On the death of the last of the family, his Executors asked Bell Ingram to put Eastertyre to the open market and it generated significant interest when it was launched for sale in springtime.

                To achieve the best possible outcome for our client, it was decided to offer the estate both as a whole and also as five separate lots – each of the three residential properties (with an area of surrounding land), the hill land with grazing, and the salmon fishing rights.

                This highly successful strategy generated 173 viewings, which required careful organisation by our Agency team as Covid restrictions were still in place!

                It went to a closing date after seven weeks and interested parties were asked to submit two offers each – one covering a complete ‘lot’ and a second offer with their ‘wish list’.

                Fifty offers were received in total and the Estate was eventually sold in three lots achieving significantly above the initial listing at offers over £1.6 million.

                Carl Warden said: “Eastertyre was a fantastic sale to be involved with and the complexity of the situation demonstrated Bell Ingram’s range of expertise and our ability to add value to your property sale.

                “When selling a property like this, it is vital that you employ a professional agent who can navigate the market with experience and sensitivity.

                “Our sales team can offer a full range of marketing strategies and create a bespoke blueprint to deliver maximum exposure which could result in additional offers and a higher value being attained.

                “Looking ahead to the rest of 2022, we predict clients who bring land to the market in 2022 will be rewarded with strong prices.”

                If you are considering an estate sale, our dedicated team is on hand to provide the expert advice you need to help achieve the best possible result. Contact Carl Warden on 01738 621 121 or email warden@bellingram.co.uk

                Article posted on 21/12/2021

                Farm & Estate Sales Page, Press Release Archive News

                Estate Agents draw on forestry, GIS mapping and planning expertise to achieve record price for farming client

                Estate Agents draw on forestry, mapping and planning expertise to achieve a record price for farming client

                The sale of Bandominie Farm was one of the most memorable property transactions of 2021 for Carl Warden, Partner and Head of Estate Agency.

                Bell Ingram’s Agency team drew on the expertise of colleagues from the company’s Forestry, Mapping and Planning departments to achieve a record result for their client, all the time navigating the challenges of ever-changing Covid restrictions as the market eased out of lockdown.

                Located on the edge of the very buoyant Glasgow market, the 380-acre Bandominie Farm consisted of a farmhouse with outbuildings, a modern bungalow and a large area of forestry land.

                The owner, who had lived there all his life, occupied the modern bungalow with his own family, while his elderly parents remained in the original farmhouse, which was in need of considerable modernisation and renovation.

                To achieve the best possible price for our client, we advised that breaking the farm into separate parts would be the most lucrative way forward.

                The first step in this process was to map the property thoroughly and our in-house GIS Mapping Department was tasked with providing three mapped areas of land – 275 acres for forestry planting, 19 acres to go with the old farmhouse and its considerable outbuildings, and a further 2.5 acres of paddock to be sold with the modern bungalow.

                Bell Ingram’s Planning Department then made an application to have the Section 75 removed from the farm which allowed us to sell the residential properties separately. 

                The two residential properties were listed at £200k for the farmhouse, outbuildings and 19 acres, while the modern bungalow was put to the market at £250k with the paddocks and two small stables. 

                The attractive sales price, coupled with the lack of available stock in the Glasgow area, generated just short of 200 enquiries which resulted in 121 viewings being arranged in only six working days. A closing date saw both properties sold to the same buyer, achieving almost 25% above their asking price. 

                However, it was the Forestry element of the sale which ultimately generated the best outcome. Bell Ingram’s Forestry Department approached their private clients offering the 275 acres for an asking price in the region of £450,000 to £650,000, and our client was rather overwhelmed when a closing date achieved significantly above the asking price!

                Carl Warden said: “Bandominie is a great example of why it can make sense to break complex properties down into separate components if you want to achieve the best possible price. It also underlines why it’s important to employ an agent with rural land and business experience who can draw on a range of expertise to add value to the sale.”

                If you are considering selling your farm, our dedicated team is on hand to provide the expert advice you need to help achieve the best possible result. Contact Carl Warden on 01738 621 121 or email carl.warden@bellingram.co.uk

                Article posted on 21/12/2021