Land for sale

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Land for sale

Lot 6: Land To The North Of Lower Kingdon, Bideford, Devon, EX39
£825,000

Our Summary

  • The overage to be triggered on the granting of planning permission
  • PlanningPlanning permission has been granted for both solar parks, the wind turbine and numerous farm buildings

Description

This 35.77-acre property, located in Lower Kingdon, comprises a parcel of pasture and woodland, including a 24.23-acre solar park. The solar park is let on a long-term lease, generating a secure renewable energy income stream. The lease, which commenced in 2013, provides a guaranteed base rent of £29,088, indexed to circa £44,000 for 2024, with a remaining term of circa 20 years. The property is being sold as a whole or in up to 8 lots, with vacant possession on completion, subject to the lease agreement. The sale includes the benefit of all rights, including rights of way, easements, and restrictive covenants. The property is suitable for those interested in renewable energy investments, with potential for further development subject to planning permission. Viewings can be arranged by prior appointment with the vendors' agents.
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