Industrial Development for sale

LANGAR AIRFIELD, Langar Lane, Langar, Nottinghamshire

Offers in Region of £3,250,000

Property Description

Full description

Tenure: Freehold

LOCATION
Located close to Coachgap Lane Industrial Estate in Langar, Nottinghamshire.

DESCRIPTION
An agricultural and commercial estate comprising 337 acres arable land, 150 acres concrete runway and perimeter tracks, hangars, control tower and an assortment of small derelict sheds. The airfield was constructed in 1942 for RAF Bomber Command and after the War was occupied by the Royal Canadian Airforce until 1963. It then in due course returned to the
ownership of an adjoining farmer for whose executors it is now offered for sale.

The land is slow draining clayey soil or the Evesham II and Denchworth series, capable of heavy winter cropping. The agricultural land has been producing a rent of £67,000 a year on short term FBT.

The commercial airfield has been producing £103,000 a year in rents and fees. The commercial rent and fee roll is from 13 lettings, of which four together produce 87% of the total. The largest contributor is on a 15 year lease expiring in August 2020. The others, though they have been there for many years, are believed to be there entirely on parole arrangements.

SERVICES
Mains electricity and water are clearly in evidence. There are sewers left from the airforce era, but whether they are in use or functional we cannot say. There is mains gas in Harby village.

TERMS
Offers invited in the region of £3,250,000 exclusive of purchaser´s costs for the freehold interest.

OUTGOINGS
Interested parties should make their own enquiries. Some hereditaments can be matched with occupations on site, others may be assessed partly on pieces of the land being offered and partly on neighbouring land in the same occupation.

VAT
The landlord has not waived his exemption from VAT on any part of the property, thus it is expected that the purchase price will not be subject to VAT.

LEGAL COSTS
Each party to bear their own legal and professional costs incurred in the transaction.

OTHER
Information Pack

Upon request, the marketing agents will be able to provide some information to assist interested parties in their understanding. However, please be aware that due to the nature of the sale, this information is limited and will require potential purchaser´s to assess the opportunity on the information provided and visual inspection of the site.

Rights of Way, Easements and Wayleaves

The property will be sold subject to all Rights of Way whether public or private, and subject to all Easements and Wayleaves whether specifically mentioned or not.

Mineral, Timber and Sporting

All minerals, timber and sporting rights are included in the sale insofar as they are owned.

Basic Payment Scheme

All of the agricultural land is registered for the subsidy scheme. The Entitlements will be included in the sale.

VIEWING
Strictly by appointment via the agents:

Berrys
Simon Parsons
simon.parsons@berrys.uk.com
01536 213169

or our joint agents Shouler & Son


More information from this agent

Nearest stations

  • Aslockton (4.3 mi)
  • Bingham (4.9 mi)
  • Elton & Orston (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Berrys Commercial, Towcester

Oak House, 32 Ashby Road, Towcester, NN12 6PG

01327 611044 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Aslockton (4.3 mi)
  • Bingham (4.9 mi)
  • Elton & Orston (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Berrys Commercial, Towcester

Oak House, 32 Ashby Road, Towcester, NN12 6PG

01327 611044 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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