Thu, 08 Jul 2010 | BUSINESS SALE
The historic 3,315-acre Lake Vyrnwy Estate in Wales’ Cambrian Mountains has been put onto the market by Knight Frank.
The estate, which is owned by Severn Trent Water, surrounds Lake Vyrnwy, a reservoir created in 1892 by the Liverpool Corporation to supply clean water to the rapidly growing city - a function it still performs today. Available on a 125 year lease, the estate comes with a guide price of £11 million with the water rights available by separate negotiation.
The sale has been split into four lots and offers a diverse portfolio of property. Lot 1 includes almost 12,000 acres of in-hand farmland farmed jointly with the RSPB on an organic basis with a strong emphasis on the environment.
Lot 2 is a portfolio of let farms and land ranging from under two acres to almost 1,000 acres. There are 14 farms in total with all bar one let under Agricultural Holdings Act tenancies. Lot 3 covers 5,000 acres of coniferous and beech woodland managed by Forestry Commission Wales. Lot 4 includes 31 residential and commercial properties let under a variety of different tenancies.
Clive Hopkins, head of farm and estate sales at Knight Frank, said, “Never before has a property of this size come to the open market in one block under a single ownership, not in my lifetime anyway. Due to such a diverse portfolio of property we anticipate interest from a wide variety of sources, institutions, pension funds, private landowners and investors,” he added.
This is a unique opportunity to acquire two well-established B2B companies operating across multiple sectors throughout the UK, boasting strong client relationships and secure contracted revenues poised for further expansion.
LEASEHOLD
This is a unique opportunity to acquire a prominent company in a specialist sector with a high barrier to entry, offering integration potential and a cash-generative model with repeat revenue.
This business presents an enticing opportunity with established relationships with blue-chip organisations globally, a strong client retention rate, and the potential for relocation.
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