Vyrnwy Estate is currently on the market with a price tag of around £11m. The 23,000 acre estate is being sold on a 125 year lease and has 13 farm tenants and 31 residential and commercial tenants.
Tenants are concerned that the sale of the Vyrnwy Estate by owners Severn Trent Water could lead to major changes in the management of the estate. Although the current tenancy agreements cannot be changed because they come under the Agricultural Holdings Act 1986, rents could rise when the next review takes place in 2012.
Chairman of the Farmers' Union of Wales Montgomershire country branch, Alwyn Watkins, says tenants are worried that a new owner could take a more robust approach to future management.
Land agent Philip Meade, of Davis Meade Property Consultants in Oswestry, currently represents around half the estate's tenants. He commented that Severn Trent have been primarily concerned to protect tis water assest, Lake Vyrnwy, but a new owner seeking to make a return on the £11m investment could take a different approach to managing the estate which could result in more of the costs assocaited with repairs placed on tenants.
A campaing has been set up on Facebook in a bid to get a million Welsh people to buy a £10 share of the estate so that it can belong to the people of Wales.