Langar Airfield, Langar Lane, Langar, Nottinghamshire
Offers in the region of £3,250,000

Sold

Key features

  • Mixed use Rural and Commercial Estate Investment Opportunity.
  • Comprising 337 acres arable land, 150 acres concrete runway.
  • A part income producing investment providing scope for asset management.
  • The agricultural land producing a rent of £67,000 a year on short term FBT.
  • The commercial airfield producing £103,000 a year in rents and fees.

Property Description

Mixed use Rural and Commercial Estate Investment Opportunity.
Comprising 337 acres arable land, 150 acres concrete runway.
A part income producing investment providing scope for asset management.
The agricultural land producing a rent of £67,000 a year on short term FBT.
The commercial airfield producing £103,000 a year in rents and fees.


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

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.

Tenure: Freehold

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.

Rateable Values: 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.

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

Local Authorities: Rushcliffe Borough Council and Melton Borough Council; Nottinghamshire and Leicestershire County Councils.

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

Price: Offers are invited in the region of £3,250,000 exclusive of purchaser's costs.

COMMERCIAL

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