The Kilmany Wind Turbine development at Wester Kilmany Farm, Kilmany, Cupar, Fife, is a renewable heritable investment with a guide price of £275,000.
The lease runs from 23 March 2015 to 8 April 2041 on the land, where the tenant has installed and commissioned an Enercon E53 wind turbine de-rated to 500kW.
Rent is based on 10% of the gross revenue produced by the wind turbine payable annually in arrears each June. Rent of £31,987.50 was received in June 2018. The 0.74-acre site lies in an easily serviced location.
This sort of investment is likely to generate interest from a wide range of purchasers as it provides a relatively predictable return which investors may feel offers some immunity from Brexit uncertainty and financial-market fluctuations,” said Cupar-based Mike Reid, Head of Energy at Galbraith.
Renewable-energy investors and developers are looking for opportunities such as this, and we’re also hearing from wealthy individuals looking to spread their exposure among a range of asset classes.
Those interested in information on Wester Kilmany should contact Mike Reid.