Lot 7: Land To The North Of Lower... Land for sale

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Lot 7: Land To The North Of Lower... Land for sale

Lot 7: Land To The North Of Lower Kingdon, Bideford, Devon, EX39
£1,250,000

Our Summary

  • The lease was executed in March 2024 and provides an investment opportunity providing a lengthy income stream comprising a base rent of £1,000/acre that is subject to upwards only annual RPI indexation (indexed linked from 2022 to £60,321
  • 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 52.58-acre property in Lower Kingdon offers an investment opportunity in a 9.85MW solar development, with a lease agreement providing a lengthy income stream. The lease, which has 30.5 years remaining, offers a base rent of £1,000 per acre, subject to annual RPI indexation or 5% of gross revenue. 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 property has planning permission for the solar farm, wind turbine, and farm buildings, and is being sold with the benefit of all rights, including rights of way, easements, and restrictive covenants. Viewings can be arranged by prior appointment with the vendor's agents, Carter Jonas.