Land for sale
Key information
Property description & features
- Tenure: Freehold
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 information from this agent
Places of interest
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Property reference TAU240140. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Carter Jonas - Taunton.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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