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During 2020, Moore Allen & Innocent conducted the marketing and sale of a substantial Cotswold farm in conjunction with Cirencester based solicitors, Sewell Mullings Logie.
The MA&I Agricultural Team, and the firm in general, provided our Clients with a wide range of services, in addition to the sale of the farm.
The farm that was sold comprised a main house, a pair of cottages, buildings and about 883 acres of farmland in a beautiful Cotswold landscape.
In 2017 our Clients ceased in-hand farming and decided to enter into a contract farming arrangement. We advertised the contract farming opportunity; tenders were received, and a contract farming agreement was entered into with a local farmer. We managed the farm under this agreement (Anthony Wright).
In September 2017, the farm machinery and equipment was sold on the farm by public auction (Peter Kirby and Emma Buse).
The two farm Employees were laid off and their occupation of the farm cottages was regularised (Paul Oughton).
In the Autumn of 2019, we were instructed by the Executors of a deceased Estate to undertake a valuation for Inheritance Tax purposes of the entire estate, including a number of houses and cottages and over 1,000 acres of farmland, in compliance with the RICS Valuation Standards. The report included recommendations for a claim of Agricultural Property Relief (Mark Hill and Amy McDonald).
In early 2020, instructions were received to make preparations for the marketing and sale of most of the farm. The aim was to place the property on to the open market in the first week of June. A substantial amount of preparatory work had to be undertaken. This included the production of full size digital Ordnance Survey plans showing a variety of information such as Land Registry titles, services, rights of access, cropping etc. More detailed plans showed the dwellings and buildings.
We completed 55 pages of replies to pre-contract enquiries in addition to research into issues such as boundaries, rights of way, etc. We commissioned asbestos and drainage surveys, searches, Land Registry titles and many other matters in conjunction with the Solicitors. We created an online “data room” into which we put a comprehensive range of information about the farm. This was made available to interested parties. A full colour sale brochure was designed and printed with professional photography. The property was launched to the market somewhat late due to the Covid lockdown, but after a considerable amount of interest, and a great number of viewings, each accompanied by a Member of our Team, sales were successfully concluded in 3 lots.
During this time, Amy McDonald left on maternity leave and Hollie Byrne stepped into her shoes and assisted with the marketing and sale of the farm.
Many other members of the Agricultural Team and the firm in general were involved in other aspects during this period:
The above is only a brief overview of the level of work required in order to place a farm property of this nature on to the open market, and the range of services that Moore Allen & Innocent can provide during this process.