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Desford Road, Leicester

Guide Price
£1,100,000
Howkins & Harrison LLP, Rugby
PROPERTY TYPE

Land

SIZE

3,084,919 sq ft

286,599 sq m

Key features

  • 6MW established solar farm
  • 2023 basic rent £35k
  • 46 acres of productive arable land
  • Amenity and environmental potential
  • Frontage & access off Desford Road

Description

A unique opportunity to acquire an established solar farm and a block of productive arable land with good access and road frontage

For sale as a whole

Extending to in all about 70.82 acres (28.66 hectares)

Location - The land is located to the east of Desford and Newtown Unthank on the Desford to Kirby Muxloe Road in Leicestershire. The town of Desford is 1.5 miles to the west and Leicester 6.5 miles to the east. Both offer a range of everyday services, amenities and employment opportunities. The M1 and Junction 22 (Markfield) is 6 miles to the north and provides a direct link to the north and London in the south.

The land benefits from excellent transport network links with the M1 & A46 both located within close proximity.

Description - The land extends to in all approximately 70.82 acres (28.66 hectares) of both productive arable land and an established solar farm. Whilst the land is productive it also has opportunities for amenity uses as well environmental opportunities with BNG or further woodland planting potential.

The land is being offered for sale as a whole.

Solar - There are two principle enclosures of Solar totalling about 24.2 acres producing up to 6MW of electricity per annum. The initial rent was based on £928/acre equating to £24,202 reviewed annually in accordance with RPI.

The basic rent in 2023 equates to approximately £35,000 per annum paid quarterly in advance.

An additional rent equating to 5% of the Gross Income in paid annually in arrears.

Land - There are two principle enclosures of arable land both 22 and 24 acres which is gently sloping in parts and contained within mature hedge boundaries. Access is via a gate off the road into field 6577 and via the main access track into 8424. The land has been part of cereals rotation for many years and the vendors have recently cleared the central ditch and re-laid the stone and gravel access track. The land is classified as Grade 3 and a mixture of a slightly acidic loam and clay and a slowly permeable slight acidic but base rich loam clay soil.

Schedule of Acres

Field NumberDescriptionArea (ac)Area (ha)
7193 Solar 1 11.23
9596 Solar 2 12.97
0198 Access 1.75
8424 Arable 22.23
6577 Arable 21.25
6701 Access 0.74
4274 Drive 0.65

Grand Total70.82 28.66

Services - The arable land benefits from a previous connection to a mains water supply. The solar farm has an electricity to the switch gear house.
Purchasers should make their own enquiries regarding the location and adequacy of the mains services.

Tenure - The land is being sold Freehold from Title No LLT117361.

The 25 year and 6 month lease to the solar farm was signed on 25th June 2015 originally to Sun & Soil Renewable 15 Limited. The lease is now with ROC Energy and will end on 24th December 2040. A copy of the lease will be provided to verified interested parties.

Approximately 3 acres of land within field 6577 is owned by Western Power – it is not fenced – and is farmed by the vendor under licence. This is not included in the sale plan.

Completion & Holdover - The intention is to exchange and complete as soon as practically possible.

Vacant possession will be given upon completion subject to the vendors reserving the right to holdover and harvest the arable crop.

Easements, Wayleaves And Rights Of Way - A main 33kv line crosses the property with wires and two pylons.

Two neighbouring residential property owners have a right for access to their property over the drive to the west of the land.

A footpath runs along the northern boundary of the arable field but does not cross the subject property.

The land is sold subject to and with the benefit of all easements, wayleaves and rights of way that may exist at the time of the sale whether disclosed or not.

Sporting And Mineral Rights - Where Sporting and Mineral Rights are owned, they will be included in the sale.

Overage Clause - An overage clause will be included within the sales contract which will reserve 30% of any increase in value due to any non-agricultural or non-equestrian development that takes place on the arable land (or further development on the solar land) for a period of 30 years from the date of the sale, triggered upon implementation of planning, sale or long lease.

Full details will be contained within the legal pack.

Rural Land Register - The land is registered with the Rural Land Register and the fields will be transferred to the purchaser upon completion.

The vendors will retain the historic element of the Basic Payment Scheme. The land is not within a CSS Mid-Tier or SFI scheme.

Plan, Area And Description - These are based on the Ordnance Survey and Rural Land Register data and are there for reference only.

The plans, area and description are believed to be correct in every way, but no claim will be entertained by the vendor or the agents in respect of any error, omissions or misdescriptions.

Method Of Sale - The property will be offered for sale by private treaty and interested parties should submit their offers to the agent’s Rugby office.

The vendors reserve the right to offer the property for sale in any order other than that described in these particulars, to sub-divide, amalgamate or withdraw the property from the sale without prior notice.

Vendors Solicitor - Alex Murray, Roythornes Solicitors
Tel: | Email:

Local Authorities - Hinckley & Bosworth Borough Council Tel:
Western Power Tel:
Severn Trent Water Tel:

Viewing - Viewing is unaccompanied but by prior appointment through the agent’s Rugby office on , or email

What3words - ///fermented.dumpy.tougher

Anti Money Laundering Regulations - We are required under due diligence, as set up under HRMC, to take a full identification (e.g. photo ID and recent utility bill as proof of address) of a potential purchaser upon submitting an offer on a property.

Amc - If you would like to discuss financing a purchase of agricultural land, please speak to one of our AMC agents (James Collier or Andrew Pinny) who will be happy to discuss this with you and make an introduction to AMC on your behalf.

Brochures

Solar & Land at Desford.pdf

Desford Road, Leicester

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Narborough Station5.3 miles
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About the agent

Howkins & Harrison LLP, Rugby

7-11 Albert Street, Rugby, CV21 2RX

Howkins & Harrison LLP, Rugby
Howkins & Harrison

At Howkins & Harrison, we are an independent firm of Chartered Surveyors, Auctioneers, Estate Agents, Valuers and Chartered Planners, with a reputation for providing a professional service.

We have been supporting homeowners, landowners and landlords since 1888 and we have 7 regional, high street offices and over 80 employees. We also have the benefit of an office on St James's Place in London, to promote our portfolio to commuters.

Covering a wide are

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

These notes are private, only you can see them.

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