Exning Estate
“An outstanding, multi-faceted rural estate of highly unusual scale” is how Savills has described its newest listing, Exning Estate.
The 1,776-acre estate, encompassing a “highly diverse” portfolio across eighteen lots, has hit the market with a £50 million guide price.
The estate, near Newmarket on the Suffolk / Cambridgeshire border in the UK, is for sale for the first time in over one century.
It includes mainly let assets such as residential properties, equestrian enterprises, Rossdale’s equine hospital, a solar farm (155-acres), two in-hand farming enterprises – arable and beef – and a “substantial” principal house.
According to Savills, the estate, which currently generates a gross rental income of £1.6 million per annum, is available either as a going concern or as a sale of property assets.
Landwade Hall extends to over 8,000 sq ft, and there are a further 56 dwellings on the estate.
The residential portfolio has been “actively “managed and undergone a programme of cyclical maintenance and repairs.
Most of these properties are let on assured shorthold tenancies.
Farming
The farm is home to arable and beef enterprises. The 1,000-acres of arable land grow wheat, barley, oilseed rape and sugar beet.
Furthermore, the farm has on-site storage for 2,750 tonnes, with a further 600 tonnes available at Camgrain.
Moreover, Landwade Farm is also home to a suckler herd of 120 cows and followers.
The farmland, woodland and shelterbelts across the estate form the basis for a locally renowned mixed lowland shoot.
Commercial
The let commercial property portfolio is diverse and includes:
- Site let to Rossdales developed as an equine hospital;
- 30 MW solar farm spanning 155 acres;
- Industrial lettings of former aircraft hangars;
- Three let studs and a DIY livery business;
- Retail property on Newmarket High Street;
- The office let on Cotton End Road;
- Portfolio of garages;
- Sports pitches;
- Telecoms masts.
According to the property firm, in total, the commercial portfolio generates a gross rental income of approximately £1.172 million per annum.
Multiple sources of income
Commenting on the listing, Alex Lawson, director of Savills rural agency, said:
“Highly diversified single entity rural estates rarely come to the market. Exning is an excellent example of what can be achieved over time, and we anticipate widespread interest.”
“Its multiple sources of income provide a solid foundation for a new owner with the potential to generate new income streams in the future,” the spokesperson concluded.
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