Weir Wood Reservoir, near the village of Forest Row, has a water surface area of about 280 acres, with an additional 23 acres of open grassland and woodland, and both sailing and fishing club houses.
“This is an exceptionally rare opportunity with considerable potential to grow the income from leisure, tourism and environmental enterprises,” said Chris Spofforth, Savills head of farm agency in the South East.
The reservoir is a Site of Special Scientific Interest, with part of it designated as a local nature reserve, and it attracts a large number of birds and wildlife.
The construction of the reservoir was completed in 1954 and since then, recreational use of the facilities has been operated on a tenanted basis.
The 86-year unexpired lease is available via the sale of the holding company, Weald Water Enterprises Limited, at a price of £900,000, with under leases providing an annual income in the region of £80,000.
“Beyond the income from the existing tenants, there are significant opportunities for environmentalists, offset investors and leisure and tourism entrepreneurs, which could include, subject to planning, moving or rebuilding the existing facilities and adding a visitor centre or accommodation at the reservoir, for example,” adds Spofforth.
Forest Row, East Sussex