Farmers with under-utilised agricultural buildings are often in an ideal position to diversify into commercial property. With the shortage of storage space close to the Port of Felixstowe and the Sizewell C nuclear scheme gaining momentum, Suffolk is experiencing increasing demand for land and industrial units.
The resultant high rents are making this an attractive option for farmers looking to diversify. East Anglian farm buildings or yard space with good access to the A14 and A12 road network are potentially sought-after locations. These buildings can, in most cases, be converted to industrial/ warehouse accommodation with approved planning consent, and can provide yields of up to 10-15%.
Leading independent property agent Penn Commercial is pleased to be working with a number of key industry partners to help farming businesses diversify and make the best use of their land.
For more information call 01473 211933, email vanessa@ penncommercial.co.uk, or visit the office at Suite C, Orwell House, The Strand, Wherstead, Ipswich, Suffolk IP2 8NJ. www.penncommercial.co.uk