Summary - Newport NP18 3PB
About 320.76 acres (129.81 ha) of grassland, woodland and amenity land
An extensive mixed-use holding at Park Farm totalling about 320.76 acres (129.81 ha), offering immediate rental income from a consented 3.91MW solar park and substantial agricultural and woodland assets. The solar installation is let on a long-term lease to 30 November 2046 with a current base rent of £40,382.94 (from March 2025), providing a predictable income stream for an investor or land portfolio buyer.
The majority of the site is undulating grassland (c.254.04 acres) suited to grazing and mowing, with c.51.95 acres of semi-ancient woodland including Lodge Wood and a scheduled ancient monument (Lodge Wood Camp). The holding is offered as a whole or in up to two lots, enabling purchase flexibility — Lot 2 contains the solar park, Lot 1 comprises the larger grassland and woodland areas. Vehicular access is from Malthouse Lane and a private driveway from Pillmawr Road, with good strategic road links to the M4, Cardiff and Bristol.
Material restrictions and costs are clearly set out: the freehold is opted for VAT (so VAT will be payable unless a TOGC treatment applies), parts of the land are subject to grazing licences (expiring October 2025), public rights of way and a 132kV overhead power line cross the property, and a deed of covenant will restrict certain activities near the solar park. The sale is also subject to an overage provision for development-related uplift (25% payable on defined development for 50 years), plus two shorter existing overages expiring May 2027.
This holding will suit an investor seeking secured renewable income with agricultural upside, or an owner-occupier aiming to combine farming, woodland management and long-term land value growth. Buyers should review the solar lease, data room documents, and overage provisions, and note broadband is slow locally. Vacant possession will be provided on completion subject to existing grazing licences and the solar lease.
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