Cumbrian Land Sells for £7,000 per Acre
H&H Land and Property are continuing to see impressive land prices being reached across Cumbria.
Last night 46.45 acres of cropping and grazing land sold for £7,000 per acre reaching a total of £325,000.
Thomas Armstrong, Chartered Surveyor and Selling Agent with H&H Land and Property
The land was sold to a local farmer.
The auction, held at The Victoria Institute in Culgaith attracted a number of bidders and, in the final throes of the auction, competition for the farmland certainly heated up.
Thomas Armstrong, Selling Agent of H&H Land and Property commented on the impressive price reached at last night’s auction.
“Whilst the rest of the economy appears to be in troubled times farmland remains a sound investment.
This was indicated at last night’s auction with so many enthusiastic bidders looking to secure the piece of Land at Culgaith”.
Forthcoming auctions that H&H Land and Property are expecting to see a large amount of interest in land in both Roweltown and North Stainmore.
On Tuesday the 7th of August at 6.30pm at Crossings Inn, Roweltown, 9.29 acres of Land at Longrigg, Roweltown will go under the hammer.
This is a mixture of good quality grazing/mowing land with an area of scrubland.
The following week on the 14th of August at 6.30pm at Kirkby Stephen Auction Mart, 41.66 acres of land including the buildings at Windmore End, North Stainmore will be auctioned.
This is made up of excellent grazing and upland meadow land together with two excellent stone barns.
For further details about these properties or to receive a copy of the sales particulars contact H&H Land and Property on 01228 406 260.
Farming News Daily Supporting British Pig Farmers
Source: Argentine Beef Packers S.A.