Lot 6: Land To The North Of Lower... Land for sale

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Lot 6: Land To The North Of Lower... 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

Lot 6 is a 35.77-acre property located to the north of Lower Kingdon, comprising a mix of pasture and woodland. The property includes a 24.24-acre solar park, which is let on a long-term lease, generating a secure renewable energy income stream. The solar park is developed by a well-established developer and produces 4.6MW of solar power, 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, with the option to extend for a further 5 years. The property is being sold by private treaty as a whole or in up to 8 lots, with vacant possession on completion, subject to the lease agreement. The sale is being marketed with a number of caveats, including the presence of uneven and slippery ground surfaces, an overage clause, and various rights of way and easements. Viewings can be arranged by prior appointment with the vendors' agents, Carter Jonas.