Income-generating farmland with barn, mast rent and development potential subject to conditions.
38.19 acres (15.45 ha) predominantly arable with direct road access
A substantial, well-located block of agricultural land on the outskirts of Newport, Isle of Wight, offered as a whole or in two lots. The 38.19-acre holding includes a substantial steel-framed agricultural barn (24m x 15m) with single-phase electric, direct vehicular access and a rental income from a private telecom mast. Lot 2 contains a derelict Cold War nuclear bunker (inaccessible) offering unusual repurposing potential subject to planning (STPP).
This is an opportunity for an agricultural operator, investor or developer seeking land with immediate income and clear farm use. The site benefits from proximity to Newport (c.2 miles), HGV operator licence for four vehicles (vendor's name, expires 2027) and direct road access. The mast lease produces £4,000pa until 15 September 2041 and the vendor will grant short holdover periods for storage and any unharvested crop following completion.
Material constraints: current planning permission is for agricultural use only; any change of use or development triggers a 35% development overage for 30 years and a 50% gravel royalty for minerals. The telecom mast lease has 16 years remaining — some mortgage lenders may decline to lend because of this. Broadband and mobile coverage are modest and the site is described as having a high local crime score. Viewings should avoid the inaccessible bunker and observe farm safety around buildings.
Offered freehold at £845,000, the land is presented with clear rights, easements and boundary provisions. For buyers wanting scale, income and rural flexibility, this parcel provides immediate agricultural utility with identifiable development upside, subject to planning, overage and mineral restrictions.
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