The Duchy nears completion of Winmarleigh sales
The Duchy of Lancaster has confirmed that it is close to completing the sale of all seven farms which formed part of its 2,000-acre Winmarleigh estate.
The sales form part of the Duchy’s wider strategy to rebalance its rural portfolio across the country. Over the last 12 months, it has been working closely with the tenant farmers to offer them a rare opportunity to purchase their farms with six taking up the offer. Many of these farmers have been Duchy tenants for over 30 years and have bought the farms to pass them onto future generations.
One example is Jimmy Hull who has been a Duchy tenant since 1957. Speaking about the sale he said: “When the Duchy offered us the chance to buy the farm, we saw it as a fantastic opportunity. We have worked hard over the years, investing in the farm and working with the Duchy to turn it into a profitable and successful venture. Getting the chance to own it was something we had always hoped for. I’ve now handed it over to my two sons who will continue to run it with our grandchildren also waiting in the wings ready to help out.”
The seventh and final farm in the Duchy portfolio, New Hall Farm, is currently for sale with vacant possession on the open market following the decision of the tenant to retire from farming. He is now working in partnership with the Duchy, its managing agent, Smiths Gore, and joint agent Armitstead Barnett to sell the 274-acre farm on the outskirts of the village of Winmarleigh.
Consisting of a five-bedroom period farmhouse and extensive buildings, the former dairy farm is now operating as an arable/livestock enterprise. A rare opportunity to acquire a commercially viable farm in an excellent location, further details can be sought from Smiths Gore or Armitstead Barnett.
In addition to the farm sales, the Duchy has also donated a piece of land adjacent to the Winmarleigh village hall to the Village Hall Committee, which is currently used as a recreational facility by the local community.
Paul Clarke, CEO of the Duchy of Lancaster commented: “This has been a very positive process and we’ve enjoyed working with our tenant farmers to help them achieve their aims. The majority of these farms have been in families for decades, so ownership will enable the next generation of farmers to further develop their businesses, ensuring this tradition continues.”
Smiths Gore 01772 663 120 / Armitstead Barnett 01995 603 180