Project summary
- A successful and progressive Estate tenant wanted to significantly increase the size of his dairy herd but was constrained by the existing buildings
- A major development of the farm buildings proposed and undertaken by landlord and tenant in partnership
Solution
- Feasibility study undertaken on behalf of Landlord client to establish strengths, weaknesses, opportunities and threats of the proposal in general
- Tax planning discussed with other Estate advisors and transfers undertaken prior to work being commenced
- New longer term farm business tenancy agreement at an enhanced rent negotiated
- Planning permission for new dairy, cow accommodation and slurry facilities obtained
- Building contract let and supervised through to completion
Benefits
- Significant improvement to principle Estate farm and increased value
- Secured a highly regarded existing tenant on a long lease
- Significant uplift in rent was achieved, reflecting a good return on the Landlord's investment
- Future proofing of the farm
