Considerable potential

Property Posted 20/08/20
A 280-acre reservoir in the Ashdown Forest has come to the market through Savills.

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 recreational use of the facilities has been operated since then 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 £1,200,000, 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 for example could include, subject to planning, moving or rebuilding the existing facilities and adding a visitor centre or accommodation at the reservoir,” added Chris.

Location Ashdown Forest, Sussex
Price Guide £1.2 million
Area 280 acres

Contact Chris Spofforth | cspofforth@savills.com | 01444 446066 | www.savills.co.uk


Tweets from @southeastfarmer