A 70ha parcel of land at Tump Farm is on the market and provides “a rare opportunity for buyers”, according to North and Letherby Chartered Surveyors.
The site has been in one family for over 60 years and is located near Chepstow in Wales between the Severn Estuary and River Wye.
The land is available in its 70ha entirety for £1.85 million or as five lots and has a deadline of February 14, 2024.
North and Letherby Chartered Surveyors selling agent James North said: “It’s for sale by formal tender with a deadline of February 14, 2024 and completion by mid-March.
“It’s not often that things are sold by formal tender, so it’s a huge opportunity for those who have funding available, have cash or development proceeds in need of rollover.
“There is a combination of a decent sized block of arable land, which is 18ha, a large 13ha block of woodland – offering a natural capital element – and another 16ha block comprising a mixture of pasture, woodland, and arable, which runs down to the River Severn which is a Site of Special Scientific Interest.
“This could bring a glamping opportunity, as well as a potential market for biodiversity net gain and natural capital.”
The site also includes a solar farm in the middle of the block of land as well as a 9ha block of pasture.
“It is subject to a long lease agreement, but the new owner of the land would pick up the lease, which provides a guaranteed rental stream – around £40,000 a year,” North said.
“It’s quite rare that a solar farm with a freehold perspective is sold, so there’s a good opportunity for mixed investment alongside the farmland.”
The site does not include a house, but North said there is one building that “could have the potential for conversion in due course”.
“It’s not like buying a whole estate, it’s quite accessible and achievable for a greater proportion of the market.
“We’re expecting interest from local farmers who want to increase their enterprise, also investors who are interested in the short-term returns from the solar farm, as well as the longer-term investment in the variety of land and biodiversity net gain.”