THE Greenside Estate, an exceptional rural investment property and one of the most substantial land holdings offered for sale in the North of England in recent years, has come to market.
The Estate, situated on the Cumbrian and Northumberland boundary, was previously owned by the Earl of Carlisle and was once part of the former Naworth Castle and Castle Howard Estates. The two estates were separated out in 1916 and the Greenside Estate was a further subdivision from the Naworth Castle Estate.
The Greenside Estate comprises a diverse portfolio including agricultural, residential, woodland, investment, development and sporting interests extending in total to about 1,844.27 acres (746.34 hectares).
John Coleman, head of land and farm sales at GSC Grays, said, “The Greenside Estate offers a diverse portfolio of rural property assets for sale from gardens and allotments to in-hand land and farms ranging from £5,000 to £1.5 million. It’s a substantial and versatile rural estate with significant carbon and natural capital potential and offers multiple income sources including residential properties, telecommunication masts and commercial woodlands. It has huge potential for future development, making it an attractive investment opportunity for the right buyer or investor. “
The Estate is being offered for sale as a whole or in lots and is divided in four principle agricultural holdings currently let on secure agricultural tenancies. There are also a number of smaller blocks of land that have historically been occupied on annual grazing licence agreements and Farm Business Tenancies (FBT) which are now available with vacant possession.
The Estate’s farming operations have principally been livestock focussed; cattle and sheep, which have benefited from long grazing seasons. However, there is significant potential for farm business diversification opportunities, subject to obtaining the necessary consents.
The Estate comprises:
- Substantial well-equipped stock farm with vacant possession available from 2024, extending to about 676.20 acres
- Three quality stock farms let on secure agricultural tenancies, extending in total to about 948.90 acres
- 118.95 acres of productive in-hand farmland
- Four vacant residential properties
- 81.60 acres of commercial and amenity woodland
- Two telecommunication masts
- Additional playing fields, gardens and allotments
- Various development opportunities
- Huge potential for low ground shooting and stalking
- Significant carbon and natural capital potential
- Current annual rental income of approximately £39,251 per annum
The area is renowned for its high-quality farmland lying on the edge of the North Pennines Area of Outstanding Natural Beauty (AONB) and is easily accessible with excellent road and rail communication links.
The Greenside Estate, on the periphery of the town of Brampton in East, is within an hour of the Lake District National Park and at the head of the beautiful Eden Valley area, about 10 miles East of Carlisle and 49 miles West of Newcastle-upon-Tyne.
The locality is well served by a range of local shops and amenities at Brampton and Haltwhistle and nearby Carlisle. The Estate is well positioned for access to the M6 while the A69 provides easy access to Newcastle. Carlise Station lies on the West Coast Intercity rail line, whilst Newcastle Airport provides regular flights to London and Continental Europe.
The Greenside Estate is currently on the market with GSC Grays Richmond office, with a guide price of £4,795,000.