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 north of Lower Kingdon, comprises a mix of pasture and woodland, with a 24.23-acre solar park generating a secure renewable energy income stream. The solar park, developed by a well-established developer, produces 4.6MW of solar energy and is let on a long-term lease with a guaranteed base rent of £29,088, indexed to circa £44,000 for 2024. The lease has 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, and is subject to an overage clause for lots 6, 7, and 8. The property has planning permission for the solar parks, wind turbine, and farm buildings, and is being sold with the benefit of all existing wayleaves. Viewings can be arranged by prior appointment with the vendors' agents, Carter Jonas.
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