LANGAR AIRFIELDNottinghamshire and Leicestershire Border

• A rare opportunity to acquire a mixed rural and commercial investment.

• A part income producing investment providing an asset management opportunity.

• Total annual income approximately £103,095 exclusive.

• Located close to Coachgap Lane Industrial Estate.

NG13 9HY

Melton 11 milesNottingham 13 miles

Melton Mowbray Mainline – direct to Birmingham New Street

Nottingham Mainline – regular service to London St Pancras

Langar Airfield

Also for sale see separate particulars

TenureFreehold

ServicesMains 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.

Rateable ValuesInterested 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.

Energy PerformanceEnergy Performance Certificates are available upon request for those relevant parts of the site which are subject to Assessment.

Local AuthoritiesAll interested parties should make their enquiries as appropriate to Rushcliffe Borough Council, Melton Borough Council, Leicestershire County Council and Nottinghamshire County Council.

VATThe 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.

Rights of Way, Easements and WayleavesThe 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 SportingAll minerals, timber and sporting rights are included in the sale insofar as they are owned.

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

PricingOffers invited in the region of £3,250,000 exclusive of purchaser’s costs.

LANGAR AIRFIELD

HISTORYAn 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.

RURALThe 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,

Langar AirfieldSchedule of acknowledged tenants and licensees and rating information, where available.

Map Ref.

LocationTenant or Licensee

Rating (Rateable Value)

CommentsAnnual

Income (£)

1. South Hangar Buggyland II Ltd, with personal guarantor.

£42,000 Lease of 23/08/05, expiring 23/08/20. Full repairing subject to schedule of condition (lost). Contractual rent £48,000 plus insurance, tenant pays £42,000 and no insurance.

42,000

2. Site of building and use of end of runway

Nottingham Radio Control Society.

Parole arrangement. Pays on demand each spring. 2,600

3. Shooting ground Langar Clay Shooting Club. £1,400 Parole arrangement. Pays on demand each spring 2,000

4. Shed Former munitions store. £740 Vacant

5. Use of eastern perimeter road

Nottingham City Transport. £5,700 (payer unknown)

Parole arrangement. Pays on demand 1st September. 1,250

6. Use of eastern perimeter road

Neil Codd Driver Training. Parole arrangement. Pays quarterly. 900

7. Use of eastern perimeter road

Ian Marwick Driver Training. Poole arrangement. Pays monthly. 1,200

8. Perimeter concrete apron

Vale Protective Coatings Ltd. Monthly Tenancy Agreement of 25/01/13 with quarterly payments. 10,000

9. Perimeter concrete apron

B Allsop & Sons Ltd. Maybe assessed for rates as part of larger entity.

Parole arrangement. Pays nothing, but assists with security. 0

10. Green shed or Hangar 2 British Parachute School Ltd. Parole arrangement. Pays half-yearly. 8,000

11. Control Tower, Hangar 1, caravan site, sundry derelict sheds, use of runways and drop zone

British Parachute School Ltd. Parole arrangement.

£18,000 (10 &11)

Hangar 1 built by tenant with loan from landlord. Pays £25,160 a year plus £5 per student to train and £5 per jump, 2016/2017 total quoted.

29,705

12. Residential caravan standing

S Roberts. Parole arrangement. Pays weekly. 1,300

13. Shed Dr Paulson. Parole arrangement. Pays July and November 780

14. Shed and yard Christopher Taylor Joinery. Parole arrangement. pays monthly rent 1,200

15. Shed and caravan standing

Owen Martin. Parole arrangement. Pays monthly. 2,160

16. Shed and residential caravan standing

Langar Car Repairs (R Broughton t/a).

£3,900 Parole arrangement. Pays unknown rent to third party who built the shed. -

Total income £103,095

42 Headlands, Kettering Northamptonshire, NN15 7HR

Tel: 01536 213169 simon.parsons@berrys.uk.com

berrys.uk.coM

IMPORTANT NOTICEBerrys, their clients and any joint agents give notice that:-1. These particulars are prepared for the guidance only of prospective purchasers and are intended to give a fair

overall description of the property but do not form part of any offer or contract.2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not

be relied upon as being a statement or representation of fact.3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise,

that any service or facilities are in good working order, or that the necessary statutory requirements have been met.

4 . The photographs appearing in these particulars show only a certain part and aspect of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs.

5. Any areas measurements or distances are approximate.6. They are not authorised to make or give any representation or warranty whatsoever in relation to the property.7. Purchasers must satisfy themselves by inspection or otherwise.

REF: KA30087

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Corby This Plan is based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office. Crown Copyright reserved. (ES73142E). This Plan is published for the convenience of Purchasers only. Its accuracy is not guaranteed and it is expressly excluded from any contract. NOT TO SCALE.

Wilton Road, Melton MowbrayLeicestershire, LE13 0UJ

Tel: 01664 410166H.Montague@shoulers.co.uk

shoulers.co.uk

OFFERS INVITED IN THE REGION OF £3,250,000 EXCLUSIVE OF PURCHASER’S COSTS

INFORMATION PACKUpon 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.