02 May 2022
Rare offering of two potato growing/storage packages
TWO large-scale farming estates offering potato growing and storage options are being offered for sale in the UK.
The Coldham and Goole Estates in Cambridgeshire and South Yorkshire are for sale on behalf of Urban&Civic as whole units or in multiple lots.
The Coldham Estate near Wisbech in Cambridgeshire has versatile alluvial soils suitable for growing potatoes and other crops. There has been significant investment in the infrastructure in recent years and the crop storage facilities include 4,060 tonnes of ambient potato storage.
The Goole Estate near Goole in South Yorkshire lies within a renowned commercial farming district between the River Ouse and the Isle of Axholme, and its land is a mixture of productive grade 1 and 2, suited to producing high yielding potato and other crops. It has 3,500 tonnes of ambient controlled potato storage. Irrigation is provided by two reservoirs with a combined capacity of 115,000m3 and various summer and winter abstraction licences, along with two irrigation mains serving a large part of the land.
Philip Leech, a director of Urban&Civic, said: “Following a strategic review of our land holdings, the decision has been taken to sell The Coldham and The Goole Estates which fall outside the parameters of our current property portfolio and core strategy for land ownership. Proceeds from the sale will be used towards funding future strategic land acquisitions and property management.”
Charlie Paton, Director at Savills in the National Farms & Estates team, the joint selling agents, said: “Properties of this scale and quality very rarely come onto the open market. The versatility and productive capacity of these two farming units, which benefit from diverse additional income streams (especially from renewable energy), mean these estates are well placed to operate and deliver in the changing agricultural and environmental landscape.”
Roland Bull Head of Rural Investment at Bidwells, managing agents and joint selling agents, added: “It’s not often you see two big blocks of such productive and versatile land hit the market at the same time."