Masons - F Strawson Ltd

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01507 350500
F. Strawson Ltd
Offered for sale are the shares of F Strawson Ltd, which owns
the company tenancy of Manor Farm, Thoresway under the
Agricultural Holdings Act 1986. Other assets of the company
are the growing crops on the land and the Basic Payment
Scheme entitlements.
Manor Farm, Thoresway is a productive block of mixed
farmland in the centre of an Area of Outstanding Natural
Beauty, The Lincolnshire Wolds. The farm offers a central
residence, grain store and traditional farm buildings, two
cottages and approximately 564.22 acres of farmed land.
Situation
Located around the village of Thoresway, Manor Farm is
approximately 3.5 miles north of the village of Binbrook and 13
miles north west of the market town of Louth.
This is a good farming area with gentle rolling countryside. The
Lincolnshire Wolds is well known for its picturesque
landscapes and rich agriculture. The local market towns
provide the services required, nearby Louth is a busy market
town and offers a good range of facilities and amenities as well
as Lincolnshire’s only remaining livestock market.
Directions
Heading towards the village of Thoresway from the South East
on Orford Road, proceed to the crossroads at the bottom of
the valley. From here, the land can be accessed from the lane
to the left and right, straight ahead to the north and the
properties and yard to the left.
The Property
A mixed farm with a large farmhouse and two cottages. The
central yard provides a range of buildings suitable for grain
storage and livestock production. Positioned within an
attractive valley with gentle inclines and a small stream
running west to east through the property.
Tenure
The company, F. Strawson Ltd, is a tenant under The
Agricultural Holdings Act 1986 on a full repairing and insuring
lease (n.b the pump house on the roadside is declared
redundant). The rent payable is £45,000 per annum which
was last reviewed with effect from April 2017. A full copy of
the tenancy agreement can be found in the information pack
available from the selling agents and potential purchasers
should satisfy themselves with the full terms of the tenancy.
The landlord will not unreasonably withhold consent to sub-let
the farmhouse, cottages and grassland subject to them being
provided with full details of the proposals prior to any
agreement being made.
There are currently subletting arrangements in place, further
details of which can be found in the information pack
available from the Agents.
The Land
The land is currently a mix of approximately 354.57 acres of
arable land and approximately 208.63 acres of grassland. Over
half of the grassland has previously been in an arable rotation.
The arable land is capable of growing good quality root crops,
combinable crops and grass. Spilt into four main blocks, the
grassland is positioned lower in the valley close to the yard and
the arable on the higher ground.
The freehold interest of the farm is registered under title
LL339359, the leasehold interest is not registered.
The land is classed as Grade Two/Three on the Regional
Agricultural Land Classification Maps and the Soil Survey of
England and Wales which classifies the soil as Andover. It is
described as shallow, peaty topsoil over extremely calcareous
rock rubble. The land on the northern boundary, at the top of
the slope, is classified as Panholes which is described as non-
alluvial with calcareous loamy or clayey subsoils without
significant clay enrichment. The land is suitable for growing,
Winter Wheat, Winter & Spring Barley, Oil Seed Rape, Sugar
Beet and Potatoes.
There is direct access onto much of the land from the public
highway and a private farm track provides good access
internally on the northern block of land.
Basic Payment Scheme
Included as assets of the company are 227 Basic Payment
Entitlements in relation to the BPS eligible land.
Environmental Stewardship Schemes
Manor Farm is part of an Entry-Level and Higher-Level
Stewardship scheme expiring 31st March 2021, implementing
rotational arable options and grassland management. Subject