The Courier & Advertiser (Fife Edition)
Fife farm up for sale at offers over £3 million
Property: Three former salmon-netting bothies offer potential for redevelopment at 523-acre farm
A 523-acre farm which overlooks the Firth of Tay will be launched on the market this week at offers over £3 million.
As well as 327 arable acres, a fourbedroom farmhouse and a range of modern and traditional steadings, Logie Farm at Newburgh also has three former salmon-netting bothies at the bottom of a track which leads from the farmhouse to the Tay. These buildings, which date from an era when the area supported a commercial salmon fishery, are ripe for development.
The current farming system is based on an arable rotation which has included winter wheat, spring barley, oilseed rape and vining peas. The steeper fields towards the top of the farm are in grass.
Cattle are wintered in the cattle courts and sold fat off grass, and there is a small deer park of around eight acres with 14 red deer hinds. Woodland extends to 92 acres. The range of farm buildings includes cattle and general purpose sheds along with a grain store.
Alastair Gemmell of selling agents Savills described the farm as a “thriving and productive enterprise”.
He added: “There is significant potential for a range of diversification projects including the redevelopment of the fishing bothies and the traditional farm buildings. With focus now being on ‘the extras’ a farming unit can now generate, we anticipate that Logie will attract interest from near and far.”
An extra 339 acres of bare land are available over the hill at Dunbog. This land will be offered for sale in four lots at £2.17 million.
Evelyn Channing of Savills said: “A purchaser could create a substantial farming unit totalling close to 850 acres which includes 666 acres of productive arable land in north-east Fife – an opportunity that doesn’t come along very often.”
There is significant potential for a range of diverse projects including developing the fishing bothies.
ALASTAIR GEMMELL