UKLAND&FARMS

For Sale - £7,335,000 - 449.24 acres, The Staward Estate, Sulby, Isle of Man

AFP Consultants
6H Greensfield Court, , Alnwick, Northumberland NE66 2DE

Tel:01665 606041
E-mail: oliver@alnwickfpc.co.uk

• Diverse Isle of Man Estate
• Modern Dairy/Arable Unit
• Stones range of buildings with planning permission
• Two let Manx cottages
• Residential development land
• Arable, grassland and woodland
• For Sale freehold as a Whole or in 9 Lots
• In all approximately 181.80 Ha (449.24 acres)

Located in a highly regarded farming area between the west coast of the island with sandy beaches and the central mountain range to the east, the Staward Estate is surrounded by the natural beauty of the Isle of Man landscape. The sale offers an excellent opportunity to acquire an agricultural estate with potential, either as a diversified investment, or to be operated in-hand as a dairy/arable farming operation. The Staward traditional range (Lot 3) benefits from planning permission to create an impressive main residence on the Island. The buildings are surrounded by land within the same ownership, previously used as the venue for the Royal Manx Agricultural Show and well suited to creating a parkland setting. The let cottages provide a diversified income stream from residential lettings and would also be well suited to holiday cottages, use as staff accommodation or family accommodation. The land in Lot 9 has been promoted for residential development and is currently allocated in the Draft Area Plan, creating the opportunity to further diversify the estate or generate capital from outside agriculture. THE ISLE OF MAN Almost equidistant from England, Ireland, Scotland and Wales, the Isle of Man is a self-governing Crown Dependency with a population of circa 85,000 people and a beautifully varied landscape which combined with a rich history and vibrant cultural heritage, culminated in the Island being awarded UNESCO Biosphere status in 2016. Internationally recognised for its off-shore banking and financial services sector, the Isle of Man offers a low tax economy, with significant advantages including low personal/corporate tax rates and no capital gains or inheritance tax. Residency on the Isle of Man typically requires a person to be present for at least 6 months each year, although certain exceptions may apply. Tourism is also key component of the economy with the annual Isle of Man TT, popular worldwide, often almost doubling the population of the Island during the event. One of the fastest sections on the course, the ‘Sulby Straight,’ runs between Lots 1 and 2. AGRICULTURE ON THE ISLE OF MAN The agricultural sector on the Isle of Man is extensive and progressive, with arable, beef, sheep, dairying, vegetables and poultry all key enterprises. Government support for the agricultural sector is available through the Agricultural Development Scheme, administered by the Department for the Environment, Food and Agriculture and includes a range of subsidies, capital grants and conservation schemes. With a climate well suited to grass production, livestock and dairying are the mainstay of the agricultural economy. The Island has its own abattoir and livestock are also exported, with exports enhanced by the Island’s low animal disease status. The Isle of Man creamery is operated as a co-operative, processing liquid milk to produce butter, cream and cheese which is exported worldwide. Lot 1: Staward Farm The main farm extends to 136.69 acres and includes an attractive 3 bedroom bungalow (subject to an occupancy condition) constructed in 1991, together with a modern, steel framed building (approx. 280’ x 90’) which was originally constructed for housing sheep with a slatted floor. The building has since been adapted to create a dairy facility including Waikato 20:40 parlour with feeders, internal collecting yard, cubicles, 6,000 litre bulk tank and associated coolers/chillers, feed bin, vet race and holding pens. The yard area includes a silage pit (circa 600 tonnes) and muck midden, with the slurry from the unit stored underneath the slats and solid manure scrapped into an external midden. The land is level, drained and well farmed. The soils are classified as Grade 2, with some Grade 4 which has been improved. The land, buildings and yard in Lot 1 are let on a Farm Business Tenancy expiring on the 30th September 2025 and managed as part of a larger arable enterprise. The bungalow is let on an Assured Shorthold Tenancy. Lot 2: The Showfields An attractive area of arable and pasture located on the edge of Sulby Village and previously used to host the Royal Manx Show. The land has a parkland layout and borders the ‘Sulby Straight’ and Sulby River. The land is level and productive, with good access. The free draining soils are classified as Grade 2 and the Showfields are let together with Lot 1 on a Farm Business Tenancy expiring on the 30th September 2025. Lot 3: Staward Traditional Buildings and Cottages Lot 3 comprises the “Staward Barns”, a registered traditional range of farm buildings and two quintessential Manx cottages which are currently let on Assured Shorthold Tenancies. The Staward buildings are constructed of Manx stone with slate roofs and arranged in a quadrangle to create an enclosed courtyard with adjoining double storey granary. Planning consent has been granted permitting the conversion and extension of the buildings onto land included with Lot 2, to create a substantial residential dwelling, ancillary accommodation and leisure facilities. A Certificate of Lawful Use was granted in 2024 confirming that the planning permission had commenced. Including the gardens and grounds, Lot 3 extends to approximately 2.31 acres overall. Lot 4: Gob-e-Volley Land A block of productive arable and grassland, together with an area of amenity woodland, all predominantly within a ring fence. The land is subject to a Farm Business Tenancy expiring on the 30th September 2025. Lots 5 and 6: Land at Ballaterson Classified as Grade 3 and located to the northwest of Ballaugh village, Lots 5 and 6 extend to 72.09 acres overall and include arable and temporary grassland, together with an amenity pond. The land benefits from extensive road frontage and is well fenced, with the recent cropping rotation including potatoes. The land is let on a Farm Business Tenancy until the 30th September 2025. Lots 7 and 8: Building and Land at Ballateare Partially equipped arable/livestock unit, bordering the west coast of the Island with predominantly easy working and free draining soils classified as Grade 3, extending to 111.80 acres overall. Lot 7 includes a modern, general purpose building and a traditional stone barn with potential for conversion, subject to the necessary consents. Lots 7 and 8 are subject to a Farm Business Tenancy which expires on the 30th September 2026. Lot 9: Kella Close Development Land Extending to 3.88 acres, Lot 9 includes land allocated for residential development in the Draft North and West Area Plan for the Isle of Man, which following the conclusion of a Public Inquiry is pending adoption. The proposed allocation is based on 11 dwellings with 0.96 acres of open space. Historically, planning permission on part of this land was secured using a Certificate of Lawful Use. The land is currently let with Lot 1 on a Farm Business Tenancy expiring on the 30th September 2025. For more information please contact: Oliver Stones MRICS FAAV at AFP Consultants (M: 07494 035181) or Neil Taggart MRICS at Chrystals (M: 07624 450434)