Farm for sale

Excellent opportunity to acquire a most attractive farm with traditional farmhouse on the Isle of Arran. Uninterrupted sea views towards Ailsa Craig and the Ayrshire Coast. Approximately 121.55 ha (300.36 acres). For sale as a whole or in three lots.

Lot 1 – Farmhouse, Bothy, Steading and approximately 2.83 hectares (7 acres).
Offers over £395,000

Lot 2 – Good quality grazing and permanent pasture land. Approximately 28.32 hectares (70 acres)
Offers over £280,000

Lot 3 – A rare block of grazing and hill land. About 89.8 hectares (221.8 acres)
Offers over £425,000

Whole - Offers over £1,100,000

EPC Band F

South Bank is a most attractive farm with stone-built farmhouse, well maintained gardens, traditional courtyard steading and a mixture of good quality grazing land and hill ground. South Bank is currently run as a productive sheep farm and in the past the present owners successfully ran it as farm park with sheep dog trials as an attraction. There is a bothy and former art studio adjoining the outbuildings. Given its close
proximity to the road it was ideally located for passing trade. Extends to approximately 121.55 ha (300 acres).

Lot 1 – House, Steading and approximately 7acres
Extremely well situated the farmhouse enjoys uninterrupted sea views towards Ailsa Craig and the Ayrshire coast. South Bank farmhouse is stone built and well presented with well-proportioned rooms. It has a good sized dining kitchen with useful utility room off, living room with log burning stove, study, bathroom and conservatory overlooking the gardens towards the sea . At upper floor level there are three bedrooms,
boxroom and w.c. The steading lies at the rear of the house forming a sheltered courtyard. It comprises a bothy which has its own front and rear entrance with kitchen, separate living area and shower room with separate w.c.. This
could have potential to provide possible rental income subject to appropriate consents. There is a former studio/gallery which leads to large workshop and a variety of sheds for multi-purpose use including garage, log store and tool shed. To the side of the steading is sheep handling pens.
The gardens have been well maintained by the present owners and laid out mainly in lawn with a variety of mature trees and shrubs.
Grazing land of about 2.83 ha (7 acres) are included with Lot 1 and are situated close to the house and steading. The land is well fenced and drained.

Lot 2 – Grazing Land
The farmland within lot two extends to approximately 28.35 ha (70.05 acres). The land lies to the North of the farmhouse and comprises good quality grazing and permanent pasture. The land is graded by the James Hutton Institute as Grade 4.

Lot 3 – Hill Ground
The land at South Bank Farm extends in total to approximately 89.8 hectares (221.8 acres) and is located on the northern side of the public road on the southern coast of Arran. The land is graded by the James Hutton Institute as Grade 5 and is generally grazing and hill land. The land rises from approximately 100 metres above sea level at the public road to 225 metres, known as Levencorroch Hill. Access to the land is just off the public road on the southern boundary, on the road to the properties at Levencorroch.

IACS and Basic Payment Scheme (BPS) 2023
All the farmland is registered for IACS purposes. The Basic Payment Entitlements are included within the sale. Any payments relating to the 2023 scheme year will be retained by the Seller. If applicable, the purchaser(s) will be responsible upon occupation of the subjects of sale to comply fully with the Statutory Management requirements to maintain the farmland in Good Agricultural and Environmental Condition (GAEC) as laid down under the Cross Compliance rules of the Basic Payment Scheme (BPS) 2023 for the
remainder of the scheme year. The lands are served by natural water.

Minerals
The mineral rights are included in so far as they are owned.

Servitude rights, burdens and wayleaves
The property is sold subject to and with the benefit of all servitude rights, burdens, reservations and wayleaves, including rights of access and rights of way, whether public or private, light, support, drainage, water and wayleaves for masts, pylons, stays, cable, drains and water, gas and other pipes, whether contained in the Title Deeds or informally constituted and whether referred to in the General Remarks and Stipulations or not. The Purchaser(s) will be held to have satisfied himself as to the nature of all such servitude rights and others.

Council Tax
Band D - £1,954.41

EPC Rating - F

Local Authority
North Ayrshire Council, Cunninghame House, Irvine KA12 8EE – Tel[use Contact Agent Button]

Scottish Government Rural Payments and Inspections Directorate
Russel House, King Street, Ayr KA8 0BE – Tel[use Contact Agent Button]

Viewing Arrangements
Viewing is strictly by appointment with the selling agents. Please contact the Ayr Office on[use Contact Agent Button] to arrange a suitable time.

The property is an agricultural holding and appropriate caution should be exercised at all times during inspection particularly in reference to the farm land and any water courses.

Mortgage Finance
Bell Ingram are approved agents for the Agricultural Mortgage Corporation (AMC) who provide loan funding for farms and rural businesses at competitive rates. We can provide assistance in securing finance for various purposes including purchase of land and property, restructuring existing debt, working capital, funds
for diversification projects or farm building improvements. If you would like to find out more or discuss your proposals in confidence, please call Sarah Tyson on[use Contact Agent Button] or [use Contact Agent Button]

Possession
Vacant possession and entry will be given on completion.

Purchase Price
Within 7 days of the conclusion of the missives, a non-returnable deposit of 10% of the purchase price shall be paid. The balance of the purchase price will fall due for payment at the date of entry (whether entry is taken or not) with interest accruing thereon at a rate of 5% above Bank of Scotland base rate.

Offers
Offers must be submitted in Scottish legal terms to the Selling Agents. A closing date for offers may be fixed and prospective purchasers are advised to register their interest with the Selling Agents following inspection.

Under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, we are required to carry out anti-money laundering due diligence on the successful purchaser to allow completion of the sale.

Important Notice
These sale particulars were prepared on the basis of information provided to us by our clients and/or our local knowledge. Whilst we make every reasonable effort to ensure that they are correct, no warranty or guarantee is given and prospective purchasers should not rely upon them as statements or representations of fact.
Furthermore neither Bell Ingram Limited or its directors or employees assume any responsibility therefore. In particular:
i) prospective purchasers should satisfy themselves as to the structural condition of any buildings or other erections and the state of repair of any services, appliances, equipment or facilities;
ii) any photographs included in these particulars are for general information only and any furniture or contents shown in these photographs are not included in the sale unless this is expressly stated in these particulars:
iii) any descriptions, measurements or dimensions quoted are approximate only and references to conditions, planning permissions, services, usage, construction, fittings & fixtures and moveable items are for guidance only.