Land for sale

A rare opportunity to acquire the Landlord’s interest in a run of river hydro-electricity scheme with a particularly strong covenant and Annual Base Rent of £57,885.91 payable quarterly in advance, with over 66 years unexpired term (termination date 28th Feb 2091) . Upon commencement of export of electricity there is potential for significant uplift in income via the Gross Income Rent which is 9.75% of the Gross Income. 

Guide Price £1.2M GBP

 Estate lies 10 miles South of the village Torridon which sits within some of the most spectacular landscape in the Highlands. Loch Torridon is one of the wettest parts of Scotland with a 30-year average annual rainfall 1997mm (source Gazeteer for Scotland).

Set in an idyllic position overlooking Loch Damph, Kinlochdamph Estate enjoys panoramic views of the dramatic scenery. The Kinlochdamph Hydro Scheme is currently part of the Kinlochdamph Estate and the owners seeks to sell the Landlord’s interest in the Kinlochdamph Hydro Scheme, Loch Carron Wester Ross.

The Kinlochdamph Estate Hydro Scheme lies 5 miles due south of the picturesque fishing village of Shieldaig , 10 miles north of Lochcarron and 71 miles from Inverness. There is a railway station at Strathcarron on the line between Inverness and Kyle of Lochalsh.

From Inverness take the A835 signposted to Ullapool. After 25 miles turn left onto the A832 heading towards towards Gairloch. Continue on the A832 for 24 miles to Kinlochewe before turning right onto the A896 signposted Torridon and Shieldaig. Continue on the A896 towards Shieldaig at Shieldaig continue on the A896 for a further 5 miles before making a sharp left hand turn to enter the Estate. Continue on the track and stay right, crossing a bridge before arriving at the lodge.

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There is a newly constructed 999 kW run of river hydro-electric scheme which has been constructed by McGowans for third party hydro developers Deepbridge Renewable Energy (2) Ltd and Easton Renewable Energy Limited . The intake is located just below the 170m contour level (165m) at the confluence of the two burns, Abhainn Dearg and Allt Coire nan Cadhan. The 950Kw turbine is forecast to produce electricity operating on an average 35% load factor of 2.9 MWhr.

Viewing

Strictly by appointment only. Land and Estate Ltd, Craighead Farm,Blair Drummond, Stirling FK9 4XA

Offers

Offers to be made in Scottish Legal Form and submitted to the selling agents Land and Estate Ltd, Craighead Farm,Blair Drummond, Stirling FK9 4XA .

Closing date

A closing date for offers may be set. Therefore, prospective purchasers are encouraged to register their interest with the selling agents following a viewing.

Date of Entry

To be mutually agreed by both parties.

Conditions of sale

On conclusion of the missives a non-refundable deposit of 10% of the purchase price is payable by the purchaser(s). The balance being due at the Date of Entry (regardless of whether entry is taken or not). Please note interest will accrue thereafter at a rate of 5% above the Royal Bank of Scotland base rate.

The seller reserves the right to divide the property into lots or withdraw the property or exclude or remove any part of the property shown in these particulars.

The selling agents reserve the right to request a guarantee from a bank confirming necessary funds are in place and available to support any offer made ahead of viewing or at the time of an offer being made.

Boundary plan, Areas and Schedules

The engrossed lease and payment schedules are available upon request.

GENERAL REMARKS AND STIPULATIONS

Introduction

1. These particulars have been prepared and are intended to provide a fair and substantially accurate overall description purely for the guidance of potential purchasers and do not constitute part of an offer or contract, either express or implied. No responsibility is assumed for the accuracy of individual items within these particulars and prospective purchasers ought to seek their own professional advice.

2. These particulars have been prepared in all good faith to give a fair overall view of the property. If any points are particularly relevant to your interest in the property, please ask for further information/verification. Goldsmith & Co. strongly recommend that you discuss any points, which are likely to affect your interest in the property with them, in order that you do not make a wasted journey.

3. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, appliances, equipment, or facilities are in good working order. Purchasers should satisfy themselves on such matters prior to purchase and may wish to instruct an independent survey.

4. The photograph/s depicts only certain parts of the property. It should not be automatically assumed that all contents/furnishings/furniture, etc. photographed are included in the sale. No assumptions should be made regarding parts of the property that have not been photographed. Please ask for further information if required.

5. Any areas, measurements or distances referred to are given as a GUIDE ONLY and are NOT precise. Certain measurements have been taken using a sonic measuring apparatus. If such details are fundamental to a purchase, purchasers are asked to contact the office for further verification, particularly if travelling some distance to view the property. All descriptions, dimensions, areas, reference to condition, and necessary permissions for use and occupation and other details are given in god faith and are believed to be correct, but any intending purchasers should not rely upon them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each item.

6. IMPORTANT NOTICE - Neither these particulars nor any subsequent communication by us on behalf of the vendors relative to the property shall be binding upon our clients (whether acted on or otherwise) unless the same is incorporated within a written document signed by our clients or on their behalf satisfying the requirements of Section 3 of the Requirements of Writing (Scotland) Act 1995 or is granted in pursuance of any such document.

7. ENTRY - Entry will be as mutually agreed.

8. CLOSING DATE - A closing date by which offers must be submitted may be fixed at a later date unless the property has been sold previously. Prospective purchasers who have notified their interest to Land and Estate Ltd in writing, will receive an email drawing their attention to the closing date. The Seller will not be obliged to accept the highest or indeed any offer and has the right to accept an offer at any time or withdraw the property from the market. The Seller will not be liable for any costs incurred by interested parties.

9. OFFERS - Formal offers in the acceptable Scottish form should be submitted, through a Scottish Lawyer, to the Selling Agents, Land and Estate Ltd, Craighead Farm, Blair Drummond, Stirling FK9 4XA, [use Contact Agent Button], E-mail: [use Contact Agent Button]

                          Offerors, particularly those from England, should satisfy themselves, through their Scottish Lawyer, that they fully understand the implications of offering under Scottish Law.

10. THIRD PARTY RIGHTS AND SERVITUDES - The subjects are sold together with and subject to all existing rights of way, servitudes, wayleaves, and others whether contained in the Title Deeds or otherwise, and purchasers will be deemed to have satisfied themselves in all respects thereof.

11. CONDITIONS OF SALE - A deposit of 10% of the purchase price shall be paid within seven days of completion of missives, which deposit will be non-returnable in the event of the purchaser failing to complete the purchase for reasons not attributable to the Seller or their Agents. The balance of 90% will become payable on entry. Interest will be payable on the balance at the date of entry until paid at a rate of 5% over the Bank of Scotland basic rate, notwithstanding consignation.

12. MOVEABLES- The developers (Tenants) plant , equipment, engineering works, pipes, turbines, generators, and electrical equipment buildings (amongst others) are expressly excluded from the sale.

13. HEALTH AND SAFETY - Given the potential hazards of a rural estate, we ask you to be as vigilant as possible for your own personal safety, particularly around farm buildings and water.

14. SELLERS SOLICITORS – Thorntons , 53 East High Street, Forfar, DD8 2EL

15. VIEWING - Viewing is by prior appointment only, through the Selling Agents, Land and Estate Ltd, Craighead Farm, Blair Drummond, Stirling FK9 4XA .