Land At Duckmanton and Arkwright, Chesterfield, Derbyshire, S44 5HD

£745,000 - SALE

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Land At Duckmanton and Arkwright, Chesterfield, Derbyshire, S44 5HD
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Savills Rural
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Savills Rural
33, Margaret Street
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W1G 0JD
United Kingdom
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Land At Duckmanton and Arkwright, Chesterfield, Derbyshire, S44 5HD
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02074998644
Savills Rural

Description

Diversified investment opportunity including about 47.4 acres (19.18 hectares) of restored grassland, arable and amenity land part subject to wind turbine lease

Location

Nearest Postcode
Lots 1 & 2 – S44 5HD
Lot 3 – S44 5DN

Description

*Closing date for offers – 12 noon Tuesday 20th October 2020*

An interesting investment opportunity of approximately 47.4 acres (19.18 hectares) of restored grassland, arable and amenity land with significant rental income from a wind turbine lease, close to the M1. The land is gently undulating and comprises of restored grassland, arable and amenity areas with excellent access.

Lot 1 – Land north of Tom Lane subject to Wind Turbine lease, commenced 11 July 2014 for 27 years (coloured blue on plan) in all about 0.5 acres.
Guide price £450,000

Lot 2 – A block of grassland and amenity land off Tom Lane west of Duckmanton (edged red on plan), productive grassland with central access track, in all about 36 acres.
Guide price £200,000

Lot 3 – A single parcel of arable land off Moor Lane south of Arkwright Town (edged purple on plan), good road access with a southerly aspect in all about 10.9 acres.
Guide price £95,000

Rights of Way, Easements & Wayleaves
The property is sold subject to, and with the benefit of all existing wayleaves, easements and rights of way, public and private whether specifically mentioned or not. Electricity lines and public footpaths are known to cross the land. Rights of ways will be reserved or granted where necessary.

Services
The location or availability of service connections is unknown.

Sporting Rights
Included in the sale insofar as they are owned.

Tenure
Freehold subject to the following tenancies:

Lot 1 – Wind Turbine – blue on plan – in all about 0.5 acres
Energy Prospects Co-operative Limited – commenced 11 July 2014 for 7 years – current passing base rent £27,441.99 per annum (reviewed in 2019 – generation rent not triggered).

Lot 2 – Grassland at Duckmanton – edged red on plan – in all about 36 acres
Part FBT – expiring 20th September 2020 – £800 per annum
Part FBT – expiring 31st October 2020 – £1,630 per annum

Lot 3 – Arable land at Arkwright – edged purple on plan – in all about 10.9 acres
FBT – expiring 30th September 2021- £1,400 per annum

Rents collected will not be apportioned.

Method of sale
The land is offered for sale by private treaty as a whole in three lots.

Overage
All existing uses are permitted (agriculture, equestrian, forestry, wind turbine as appropriate to the specific lot). A development overage will attach to all lots whereby 25% of the uplift in value as a result of the grant of planning permission for alternative uses within a period of 25 years from the date of completion will apply.

Acreage: 47.4 Acres

Date posted: 30/07/20