Falkland Farm totals 7.9 acres and comprises a variety of buildings including a six bedroom farmhouse, four barns (two of which have prior approval for conversion to B1 light industrial use ref 19/01719/GPDAG and 20/01595/GPDAG) a workshop and a caravan storage site. The paddock is approximately five acres and occupies the western part of Falkland Farm. This could be used for grazing and exercising of livestock and may well have longer term development potential.
Location
Falkland Farm is located on the northern boundary of the borough of Basingstoke & Deane. Newbury is the closest town which is 2.5 miles north of the farm. Newbury has two mainline railway stations providing regular, direct services to Reading and London Paddington. The closest settlement to Falkland farm is Wash Water, which has a range of local facilities and services including a Sainsbury’s Local, a GP surgery, pharmacy and range of local restaurants, cafes and public houses. The A34 is located half a mile west of the farm and provides road links to the M4 in the north and to the A303 in the south.
Accommodation
Total of 7.0 acres.
In December 2020 an outline planning application (with all matters reserved aside access) was submitted for the redevelopment of the existing caravan storage site, removal of existing structures and the erection of five residential dwellings and associated access works, parking and landscaping (ref 20/03577/OUT).
The application had case officer’s recommendation for approval, although was refused at the committee meeting on 6th October 2021. The only decision cited in the refusal notice was the unsuitable access track to the site and safety issues regarding access to the A343. It is worth noting that the Highways Development Planning department of Hampshire County Council raised no objections to the outline application. The vendor is appealing this decision.
Terms
Vat - None of the properties are elected for VAT
Proposal - Seeking unconditional offers of £2,500,000 for the whole site. Consideration will be given to offers for part(s) of the site.
Specification
- First time on the market in over 70 years
- Total site area of 7.9 acres
- Appeal pending for an outline application for five houses over the caravan storage area
- Identified in Basingstoke and Deane's Strategic Housing and Economic Land Availability Assessment (April 2020) as having potential for 30 dwellings
- Caravan storage site producing £33,600 per annum
- Four barns located on the site, two of which have consent under prior approval for the conversion from agricultural use to B1 light industrial use
- Newbury town centre is 2.5 miles to the north
- Can be sold as a whole or in parts
- Unconditional offers only