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Farm Markets Strong
The farms sales department of Savills in Exeter is enjoying a bumper year
selling a number of interesting farms and land opportunities, a reflection
of the expertise in the department and the strength of the market.
“As a part of the Savills farm sales team we have the back up of
the national and international network and marketing, but it is the local
knowledge and contracts that have really helped the growth of this new
team”, commented Penny Dart, associate director at Savills and head
of farm sales in Exeter.
An increase in demand for farms and land by both the farming and life
style buyer has seen a strong increase in values which has also been reflected
in a bumper year for farm sales. With a number of sales in the £1.5m
- £3.5m price range, the recently established dedicated Savills
farm agency team in Exeter has dealt with some exciting properties.
Covering Cornwall, Devon, and parts of Somerset and Dorset, the team has
seen strong growth in the number and quality of the farms coming to the
market place. Our farms have not only received high profile publicity,
but many have exceeded their guide prices.
With a long farming tradition and historical connections to match. Great
Trill is an excellent example. Believed to be mentioned in the Doomsday
Book and set in 303 acres of rolling Devon farmland including lakes and
investment properties, the farm has exchanged for well in excess of its
guide price of £2.75m. Another large farm which we have marketed
this summer is Rickham Farm, which has now exchanged. Extending to 394
acres with views across to Salcombe and the south Devon coastline and
with a guide price of £2.5m, it again exceeded expectations fuelled
by its location and the excellent mix of land. Also above the £2.5m
price bracket, Southcombe, a beautifully located farm which includes a
small family shoot in Dorset with the land fronting the River Synderford,
it also exceeded the guide price after strong interest.
In the £1m range, Barley Hill Farm located on the Blackdown Hills
with 115 acres and a wonderful view was offered with a guide price in
Economical Office Space
Office space in central Bristol is cheaper than in the city’s main UK competitors, according to a new report.
King Sturge’s latest global industrial and office rents survey reveals that the total occupation costs – rents, rates and service charges – for prime office space in Bristol stands exactly at £40.
The figure is the same in Leeds and higher in comparable cities such as Birmingham (£45.25), Edinburgh (£44), Glasgow (£43) and Manchester (£42.25). London’s West end is comfortably the most expensive area for office space in the UK – and anywhere in the world – with total occupancy costs now typically running at £137.50 psf.
The study of 75 cities around the world also reveals that Bristol is cheaper than Dublin and Moscow for Grade A city centre office space – but more expensive than the likes of Milan, Frankfurt and Madrid.
Bristol is placed 12th in the world for total office costs, with UK cities making up five of the world’s top ten alongside the likes of Paris, Tokyo and Hong Kong.
Bristol is also cheaper than many of its UK competitors when it comes to large industrial premises. It typically costs £8.35 psf to occupy such sites in Bristol, compared to £8.75 in Birmingham, for example.
Jeremy Richards, partner in charge at King Sturge in Bristol, said: “ A lack of supply may have constrained the market in Bristol in the past, but with 500,000 sq ft now being developed speculatively in the city centre, suddenly the city can cater for large requirements.
Bristol is often short listed for Government or larger corporate relocations but we tend to lose out to other regional centres. With more Grade A space coming through, the city will be better placed to target such organisations.”
