Lot 6<br>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.<br><br>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 &pound;29,088 which has been indexed to circa &pound;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.<br><br><br>Method of Sale<br>The farm is offered for sale by private treaty as a whole or in up to 8 lots.<br><br>Tenure & Possession<br>The lot is sold with vacant possession on completion, subject to the lease agreement applying to the solar farm.<br><br>Health & Safety<br>Potential purchasers should take particular care when inspecting the property being mindful of uneven and slippery ground surfaces.<br><br>VAT<br>Value Added Tax is not applicable.<br><br>Overage<br>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. <br><br>Planning<br>Planning permission has been granted for both solar parks, the wind turbine and numerous farm buildings.<br><br>Wayleaves, Easements, & Rights of Way<br>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.<br>There is a right of way over the track NG4883 at Lower Kingdon to the solar farm.<br><br>Sporting, Timber & Mineral Rights<br>Included within the sale in so far as they are available.<br><br>Local Authority<br>Torridge District Council<br>www.torridge.gov.uk<br><br>Viewings<br>By prior appointment with the Vendors' agents, Carter Jonas 01823 428 590.