Long Sutton, Langport, Somerset, TA10

Commercial Property
For Sale ££300,000 EXCESS

Key Features

2.44 HA (6.00 Acre Site)
120kw Solar Park, agricultural land and store building
Let to Green Hub Services contracted to EDF
14 year lease from February 2019
Rental income £26,500 p.a subject to RPI reviews 2024 & 2029

About This Property

• The site comprises a 2.44 ha (6.03 acres) field.

• Part of the field has been fenced and is used as a solar park with 480 ground mounted solar panels.

• On the south eastern side of the site a “Nissan” style hut has been constructed housing equipment relating to the solar farm and the base for a further store building has been constructed. Pre-planning application advice suggests the site of the buildings may have development potential for alternative uses subject to planning.

• The balance of the land is suitable for agricultural use.

• The site benefits from CCTV, Motion Detectors and Alarm Systems.

Solar Park Information

• The Solar Park provides 198 Canadian Solar CS6P- 250M modules (Fit Scheme 1) generating 49.50 KW and 282 Canadian Solar CS6P -250P modules (Fit Scheme 2) generating 70.5 KW, total generation 120 KW.
• The solar park has been let to Green Hub Services contracted to EDF Energy Plc on a new FRI 14 year lease from February 2019
• The annual rent is £26,500 per annum subject to RPI Rent Reviews in 2024 and 2029.
• The tenant has access to meters and associated equipment within the storage building.
• Upon lease expiry the solar panels revert to the landlord. Panels are estimated at having potentially up to 20 years unexpired life-span
Terms

• The property is available freehold subject to tenancy to Green Hub Services for the solar farm and with vacant possession of the remainder

• Sale Guide: Offers in excess of 300,000

• Potential for plant and panels to be eligible for year 1 annual investment allowance subject to the purchaser’s available reliefs. The Purchaser must take their own advice, but potentially the vendor is prepared to split the transaction between land and plant and machinery to allow the purchaser to obtain up to 100% AIA relief.

• It is understood that VAT will not be charged on the purchase price
Read More

Contact Yeovil Commercial Property

22 Princes Street Somerset Yeovil BA20 1EQ

Meet your Agent

Robert Clark Commercial Property Partner Full Bio 01935 423474 07767 637284
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