The Exning Estate lies adjacent to the village of Exning on the Suffolk/Cambridge border. Newmarket is located 2 miles to the south of the property. The A14 is the main trunk road running west to east through East Anglia connecting Newmarket with Cambridge and Bury St Edmunds. The road borders the southern boundary of the Estate.
Newmarket and its surrounding area, including Exning, have long been recognised as the international headquarters of the thoroughbred racing and breeding industry, with some of the oldest and most successful racing and breeding empires based in and around the town.
The City of Cambridge, which is well known for its educational excellence, cultural heritage and scientific advances lies 15 miles to the west and offers a wider range of shops and restaurants. The market town of Bury St Edmunds with its historic cathedral lies 18 miles to the east.
The Exning Estate was purchased in 1919 by William James Tatum, a ship owner from Cardiff who later became first Lord Glanely. He formed the Atlantic Shipping & Trading Company taking 'coal out' to Italy and bringing 'grain home' to Europe from the black sea.
Lord Glanely had a passion for race horses and was a distinguished owner who won all five of the Classic races. The Estate was purchased to house his collection of racehorses, both breeding and racing.
Lord Glanely was killed in 1942 in the second world war with no surviving heirs and so the Estate passed to the Gibson family.
Simon Gibson was known as an extremely philanthropic patron to the many charities and trusts he supported. He was an enthusiastic and successful racehorse owner and breeder following in the footsteps of Lord Glanely whose horse Grand Parade, won the 1919 Derby and is buried on the Estate. Simon Gibson passed away in 2021.
The property assets are owned by the Exning Estate Company Limited. The Estate is managed on behalf of the shareholders by 4 directors who in turn employ a managing agent to run the Estate on a day to day basis. Prospective purchasers will be offered the opportunity to acquire 100% of the shares of Exning Estate Company Limited or just the freehold assets.
The Estate is farmed in-hand through the Exning Estate Company whose principal agricultural activities are:
- Arable farming across 1,000 acres growing wheat, barley, oilseed rape and sugar beet. The farm buildings are located at Gravel Pit Farm and Grass Plant Farm and include grain storage for 2,750 tonnes, general purpose buildings and workshop. The Estate benefits from 600 tonnes of grain storage at Camgrain.
- Beef enterprise based at Landwade Farm comprising a suckler herd of 120 cows and followers.
The woodland and shelter belts on the Estate, along with strategically planted game covers, form the basis of a locally renowned mixed lowland shoot.
The let commercial property portfolio is diverse and includes:
- Site let to Rossdales developed as an equine hospital
- 3 let studs and a DIY livery business
- 30 MW solar farm spanning 155 acres
- Industrial lettings of former aircraft hangars
- Retail property on Newmarket High Street
- Office let on Cotton End Road
- Telecoms masts
- Portfolio of garages
- Sports pitches
In total, the commercial portfolio generates a gross rental income of approximately �1.172 million per annum.
The Exning Estate includes a total of 61 houses let on a variety of occupational agreements. The houses range from the 9 bedroom Landwade Hall to a selection of farmhouses and estate cottages. The residential portfolio has been actively managed and has undergone a programme of cyclical maintenance and repairs.
In total, the residential portfolio generates a gross rental income of approximately �536,000 per annum.
Planning and Development
The Estate commissioned a planning and development report which has identified a number of short, medium and long term development opportunities. The Estate is being offered for sale unrestricted from any current or future overage provisions.