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Land for sale
Strathcarron IV54
£1,200,000
Strathcarron IV54
£1,200,000
Our Summary
- Upon commencement of export of electricity there is potential for significant uplift in income via the Gross Income Rent which is 9
Description
This is a rare opportunity to acquire the Landlord's interest in a run of river hydro-electricity scheme located in the Highlands, Scotland. The scheme has a strong covenant and an annual base rent of £57,885.91 payable quarterly in advance, with over 66 years unexpired term. The estate, known as Kinlochdamph Estate, lies 10 miles south of the village of Torridon and overlooks Loch Damph, offering panoramic views of the dramatic scenery. The hydro scheme is currently part of the estate and the owners are seeking to sell the Landlord's interest. The scheme has a newly constructed 999 kW run of river hydro-electric scheme, which is forecast to produce electricity operating on an average 35% load factor. The property is being sold with a guide price of £1.2 million and offers are to be made in Scottish Legal Form.