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The Kilmany Wind Turbine

Wester Kilmany Farm, Kilmany, Cupar, Fife, KY15 4PT

Guide Price £275,000


  • FOR SALE: RENEWABLE HERITABLE INVESTMENT

  • Land subject to a 26 year lease in favour of GVO WIND NO.25 LIMITED for a single wind turbine

  • Lease runs from 23 March 2015 to 8 April 2041

  • 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 received in June 2018

  • Rare opportunity to acquire a high yielding development

  • Easily serviced location

  • 0.30 Ha (0.74 acres)

CLOSING DATE SET FOR WEDNESDAY, 27TH FEBRUARY 2019 AT NOON.

THE KILMANY WIND TURBINE
WESTER KILMANY FARM,
KILMANY, CUPAR, FIFE KY15 4PT
0.30 Ha (0.74 acres) of land subject to lease for a wind turbine

DESCRIPTION
The Kilmany Wind Turbine comprises an Enercon E53 wind turbine de-rated to ...

CLOSING DATE SET FOR WEDNESDAY, 27TH FEBRUARY 2019 AT NOON.

THE KILMANY WIND TURBINE
WESTER KILMANY FARM,
KILMANY, CUPAR, FIFE KY15 4PT
0.30 Ha (0.74 acres) of land subject to lease for a wind turbine

DESCRIPTION
The Kilmany Wind Turbine comprises an Enercon E53 wind turbine de-rated to 500kW situated on land subject to a 26 year lease in favour of GVO WIND NO.25 LIMITED for a single wind
turbine. The lease runs from 23 March 2015 to 8 April 2041 and the rent is based on 10% of the Gross Revenue produced by the wind turbine payable annually in arrears each June. The rent
received in June 2018 was £31,987.50.

The Tenant is responsible for all the running costs as well as decommissioning the turbine and reinstating the property prior to the end of the lease. The Tenant is responsible for providing a
bond to cover the estimated restoration costs reviewable every 5th anniversary from the date of entry.

A full copy of the lease and other information is available from the selling agents on request. The subjects of sale are edged red with a servitude right of access shown shaded blue on the
plan below.

There is a right of pre-emption over the subjects of sale; please contact the selling agents for more information.

EXPRESSIONS OF INTEREST AND OFFERS
The vendor seeks expressions of interest and formal offers to be made to Galbraith as agents.