£825,000
Land for sale
Devon, EX39
studio Flat Property description
Lot 6
Land to the north of Lower Kingdon comprising a parcel of pasture and woodland extending to 35.77 acres within which there is a 24.24 acre solar park.
The solar park is let on a long-term lease generating a secure renewable energy income stream. This lot contains 4.6MW of solar, developed by a well-established developer, generating an RPI indexed upwards only income rent. The scheme itself provides a guaranteed base rent of £29,088 which has been indexed to circa £44,000 for 2024. The lease in question commenced in 2013 with a 25.5 year term with the option for the developer to extend for a further 5 years, providing a remaining circa 20 years of income.
Method of Sale
The farm is offered for sale by private treaty as a whole or in up to 8 lots.
Tenure & Possession
The lot is sold with vacant possession on completion, subject to the lease agreement applying to the solar farm.
Health & Safety
Potential purchasers should take particular care when inspecting the property being mindful of uneven and slippery ground surfaces.
VAT
Value Added Tax is not applicable.
Overage
In the case of lots 6, 7 and 8, the land will be sold subject to an overage clause whereby should further development take place within a period of 25-years, the Vendor’s would be entitled to a further payment of 50% of any enhanced value attributed to that development. The overage to be triggered on the granting of planning permission.
Planning
Planning permission has been granted for both solar parks, the wind turbine and numerous farm buildings.
Wayleaves, Easements, & Rights of Way
The property is being sold subject to and with the benefit of all rights including: rights of way, whether public or private, light, sport, drainage, water and electricity supplies and other rights and obligations, easements and Quasi-easements and restrictive covenants and all existing proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.
There is a right of way over the track NG4883 at Lower Kingdon to the solar farm.
Sporting, Timber & Mineral Rights
Included within the sale in so far as they are available.
Local Authority
Torridge District Council
Viewings
By prior appointment with the Vendors’ agents, Carter Jonas[use Contact Agent Button].
Land to the north of Lower Kingdon comprising a parcel of pasture and woodland extending to 35.77 acres within which there is a 24.24 acre solar park.
The solar park is let on a long-term lease generating a secure renewable energy income stream. This lot contains 4.6MW of solar, developed by a well-established developer, generating an RPI indexed upwards only income rent. The scheme itself provides a guaranteed base rent of £29,088 which has been indexed to circa £44,000 for 2024. The lease in question commenced in 2013 with a 25.5 year term with the option for the developer to extend for a further 5 years, providing a remaining circa 20 years of income.
Method of Sale
The farm is offered for sale by private treaty as a whole or in up to 8 lots.
Tenure & Possession
The lot is sold with vacant possession on completion, subject to the lease agreement applying to the solar farm.
Health & Safety
Potential purchasers should take particular care when inspecting the property being mindful of uneven and slippery ground surfaces.
VAT
Value Added Tax is not applicable.
Overage
In the case of lots 6, 7 and 8, the land will be sold subject to an overage clause whereby should further development take place within a period of 25-years, the Vendor’s would be entitled to a further payment of 50% of any enhanced value attributed to that development. The overage to be triggered on the granting of planning permission.
Planning
Planning permission has been granted for both solar parks, the wind turbine and numerous farm buildings.
Wayleaves, Easements, & Rights of Way
The property is being sold subject to and with the benefit of all rights including: rights of way, whether public or private, light, sport, drainage, water and electricity supplies and other rights and obligations, easements and Quasi-easements and restrictive covenants and all existing proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.
There is a right of way over the track NG4883 at Lower Kingdon to the solar farm.
Sporting, Timber & Mineral Rights
Included within the sale in so far as they are available.
Local Authority
Torridge District Council
Viewings
By prior appointment with the Vendors’ agents, Carter Jonas[use Contact Agent Button].
Property photos
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First listed
Over a month agoDevon, EX39
Marketed by
Carter Jonas - Taunton The Quad, Blackbrook Park Avenue Taunton, Somerset TA1 2PXCall agent on 01823 760720
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Devon, EX39 - Streetview
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