'Golden opportunity' to buy a 390 acre estate in area of outstanding natural beauty in Yorkshire

A "golden opportunity" has emerged to buy a 390-acre investment estate in an area of outstanding natural beauty in Yorkshire.

Lane Head and Higher Carr Farms near Otley in West Yorkshire are set to attract a range of investors. Picture: Carter Jonas

Lane Head and Higher Carr Farms near Otley in West Yorkshire are expected to attract investors from across the UK.

Situated within the Nidderdale Area of Outstanding Natural Beauty (AONB), the property comprises a livestock farm together with an adjoining land holding

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The tenant will continue to operate a beef and sheep enterprise on the holdings but the investment provides an annual rental income of £21,250.

Brimham Rocks, a collection of balancing rock formations in the Nidderdale Area of Outstanding Natural Beauty

Carter Jonas associate partner Sam Johnson, based in Harrogate, said: “Such opportunities to purchase an agricultural investment property are a relative rarity in the market and offer the chance to diversify a wider, more volatile investment portfolio with what is considered a safe haven asset.

“The value of agricultural land has remained largely untouched by the ongoing pandemic and Brexit so, coupled with a relatively benign tax regime and a typically quiet period in terms of supply, this could be a golden opportunity to secure a reliable investment property.”

“The farmstead at Higher Carr Farm benefits from vacant possession and comprises a two-bedroom property in need of complete refurbishment together with an adjoining traditional stone granary building which offers the opportunity -subject to the necessary planning consents - to extend the living accommodation and add value.”

Also included within the sale, but reserved from the tenancy agreement, are two parcels of woodland.

The Nidderdale Area of Outstanding Natural Beauty is on the borders of the Yorkshire Dales National Park and close to the World Heritage Site of Fountains Abbey. The area's other attractions include Brimham Rocks, a collection of rock formations.

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