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MapGuide price
£1,950,000Land for sale
Gammaton, Devon EX39
Land
109.90 acre(s)
Key information
Features and description
- Two solar parks with RPI linked, long-term leases.
- Substantial income.
- Excellent road frontage with good internal access via a well established track network.
- 21.55 acres of quality pastureland in addition to the solar.
- In all about 109.9 acres combining solar and pastureland.
Combined Renewable Energy and Agricultural Investment Opportunity
Set just east of Bideford (approx. 3 miles), the land sits in accessible North Devon countryside with a good road network linking to the A39 (Atlantic Highway) at Bideford and the A388 at Landcross giving direct routes towards Holsworthy (c. 16 miles) and Launceston /A30 dual carriageway (c. 27 miles).
Extending in all to approximately 110 acres, the land at Gammaton offers a diverse and income-generating rural investment comprising two established solar energy schemes alongside 21.55 acres of productive pastureland.
The property includes two separate solar developments, each held on long-term, index-linked leases that provide secure and growing rental income from renewable energy generation.
The first scheme, occupying around 24.24 acres, was developed by a well-established operator and commissioned in 2013. It has an installed capacity of 4.6 MW and produces a stable, RPI-linked rental income, originally set at £29,088 per annum and now indexed to circa £46,376 for 2025. The lease runs for 25.5 years from 2013 and the current land owners have exercised their option of an additional 5 years, resulting in approximately 18 years remaining.
The second solar park, covering approximately 53 acres, is a newly established 9.85 MW. The lease, executed in March 2024, provides a base rent equating to £60,321.60, subject to annual upwards-only RPI indexation. The term extends for 30.5 years from commencement, with an option for the tenant to renew for an additional 10 years. Grid connection is scheduled for completion in late 2025. There is a further c. 7 acres of pasture land within the lease.
In addition to the solar leases, the holding includes approximately 21.55 acres of well-managed, good quality agricultural land, currently down to pasture however has in the past grown a variety of cereal and fodder crops.
Access to the site is excellent, with two direct road access points from the western boundary. The site is very well serviced with a suitable track network.
This represents a rare opportunity to acquire a substantial freehold investment combining secure, RPI linked renewable energy income with good quality agricultural land, underpinned by long lease terms - an attractive balance of sustainable energy generation and rural capital value.
Tenure: The land is freehold subject to the two existing leases. The pasture land (field parcel 3268 as per the attached plan) is sold with vacant possession upon completion.
Boundaries: Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the vendors agent whose decision acting as experts shall be final.
Services: There is a mains water supply to the pasture field.
Health & Safety: Potential purchasers should be vigilant and take particular care when inspecting the property.
Viewings: Strictly by appointment with the selling agent, Kivells.
Set just east of Bideford (approx. 3 miles), the land sits in accessible North Devon countryside with a good road network linking to the A39 (Atlantic Highway) at Bideford and the A388 at Landcross giving direct routes towards Holsworthy (c. 16 miles) and Launceston /A30 dual carriageway (c. 27 miles).
Extending in all to approximately 110 acres, the land at Gammaton offers a diverse and income-generating rural investment comprising two established solar energy schemes alongside 21.55 acres of productive pastureland.
The property includes two separate solar developments, each held on long-term, index-linked leases that provide secure and growing rental income from renewable energy generation.
The first scheme, occupying around 24.24 acres, was developed by a well-established operator and commissioned in 2013. It has an installed capacity of 4.6 MW and produces a stable, RPI-linked rental income, originally set at £29,088 per annum and now indexed to circa £46,376 for 2025. The lease runs for 25.5 years from 2013 and the current land owners have exercised their option of an additional 5 years, resulting in approximately 18 years remaining.
The second solar park, covering approximately 53 acres, is a newly established 9.85 MW. The lease, executed in March 2024, provides a base rent equating to £60,321.60, subject to annual upwards-only RPI indexation. The term extends for 30.5 years from commencement, with an option for the tenant to renew for an additional 10 years. Grid connection is scheduled for completion in late 2025. There is a further c. 7 acres of pasture land within the lease.
In addition to the solar leases, the holding includes approximately 21.55 acres of well-managed, good quality agricultural land, currently down to pasture however has in the past grown a variety of cereal and fodder crops.
Access to the site is excellent, with two direct road access points from the western boundary. The site is very well serviced with a suitable track network.
This represents a rare opportunity to acquire a substantial freehold investment combining secure, RPI linked renewable energy income with good quality agricultural land, underpinned by long lease terms - an attractive balance of sustainable energy generation and rural capital value.
Tenure: The land is freehold subject to the two existing leases. The pasture land (field parcel 3268 as per the attached plan) is sold with vacant possession upon completion.
Boundaries: Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the vendors agent whose decision acting as experts shall be final.
Services: There is a mains water supply to the pasture field.
Health & Safety: Potential purchasers should be vigilant and take particular care when inspecting the property.
Viewings: Strictly by appointment with the selling agent, Kivells.
Property information from this agent
About this agent
Kivells can be traced back to 1885 when William Thomas Kivell set himself up in business as an auctioneer and land agent, first in Pyworthy and then in Holsworthy. What follows is an account of the Kivell family over four generations in the development of the firm of Kivells, from its origins as a one-man business in the late nineteenth century to its position today as one of the leading firms of Auctioneers, property agents and chartered surveyors in the West Country. William Kivell went on to grow the business and was joined by his sons forming Kivell and Sons, selling farm property and holding livestock auctions. Kivells is a very different firm from that founded by William Thomas Kivell in 1885, however the nature of the business and its ethics remain the same all be it with a much larger area of operation. The firm has recently became a limited company with one of the five directors being David Kivell, a great-grandson of William Kivell. It is organised around five divisions:- Agricultural sales and auctions (including the 3 livestock markets at Holsworthy, Hallworthy and Exeter and on farm sales throughout the Westcountry). Farm, Residential and Commercial Property (covering sales, auctions and lettings). Professional and Valuation work (including surveys, property management, rent reviews and full project management) Machinery and Heritage department (specialise in the sale of steam engines and all manner of vehicles, agricultural and domestic bygones). Kivells now operate from 5 main offices (Exeter, Holsworthy, Launceston, Liskeard and Bude) and 3 market centres (Holsworthy, Exeter and Hallworthy) and the firm employs around 170 full and part-time staff.