TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON8th May 2019
Landlord's interest in 1no. EWT 500kW wind turbine at Youldon Farm, Sutcombe, Holsworthy, Devon.
Youldon Farm is approximately 5.2 miles northeast of Holsworthy and 10.5 miles inland (northeast) of Bude. The turbine is located in an arable field with road frontage, approximately 1 mile from the A388. The turbine can be found at Latitude 50.890259 Longitude -4.315362.
An exciting opportunity to purchase the Landlord's interest in 2no. EWT 500kW wind turbines operating under separate leases on separate holdings near Holsworthy, Devon.
The two established turbines are approximately 3 miles apart as the crow flies and both offer attractive Feed-in Tariff backed rental incomes.
The Landlords preference is to dispose of the leasehold interest only however a sale of the freehold interest will be considered, if necessary to conclude a sale. Any sale of the Landlord's freehold interest will only include the area required by the Tenant to operate the turbine. Areas required to maintain and access the turbine will be subject to licence at a peppercorn rent. A freehold sale will include a clause allowing the current Landlord to purchase back the freehold interest at the end of the Lease Term at the prevailing agricultural land value determined by an independent surveyor.
Available for purchase as a whole or in individual lots.
A data pack including the Lease, and title documentation, is available to approved interested parties upon request but at the sole discretion of the selling agent and vendor.
A copy of the planning permissions for the turbines can be found on the Torridge District Council planning website.
The planning reference for the turbine at Gearns Farm is 1/1151/2011/FUL and the planning reference for the turbine at Youldon Farm is 1/0637/2013/FUL. ( Agency Pilot Software Ref: 103921 )