The firm's May Land and Property Auction was held on Tuesday 19th May 2009 at the regular venue of Henley Golf & Country Club. 5 Lots
in total were on offer and Richard Abbey introduced the first Lot to a packed room promptly at 6.30pm.
Castle View Farm near Kenilworth was put up in 3 Lots and the 140 acres with the steel portal
frame building, after very strong spirited bidding coming from all parts of the room, was knocked down at £830,000 just under £6,000 per acre. Richard then offered 18.19 acres and all new grassland and this sold for a very good price to the same buyer for £134,000 (£7,086 per acre). The 3rd Lot on the farm 101.02 acres started slowly but eventually realised £440,000 (£4,355) per acre. The whole farm made £1.41m with the average rate per acre being £5,417.
Richard then offered for sale 4 Squires Court, Bretforton and after a slow start strong competitive bidding resulted in sale of £193,000.
The last Lot offered
was the Cottage at Lower Binton, near Welford on Avon and although it was withdrawn, a contract was signed in the auction room after the sale, for a figure just slightly under the guide price.
Peter Cornford, Senior Partner of the firm, said after the sale he was well pleased with the excellent results and it shows there is a very strong market for large parcels of agricultural land in the County as well as confirming there are many buyers in the market place for a cross section of property who are well funded and seem to be increasing in confidence that the property market is not likely to fall any further after nearly two years of steady decline.
The firm's property auction for June will include Court Farm, Offenham near Evesham -142.35 acres, a substantial Georgian Farmhouse, a bungalow and a range of traditional and modern farm buildings, 34.62 acres of pasture land and newly planted woodland at Walcote near Great Alne with a long frontage to the River Alne and 45 Selly Park Road, near Edgbaston. For details of all these properties please access the Auction page on this website where they can be downloaded as colour pdfs.
