FOR SALE BY TENDER ON FRIDAY 24th July 2020, AT 12 NOON

UNIQUE PRIME INVESTMENT OPPORTUNITY, FEATURING HIGH YIELDING WINDFARM INCOME AND MATURING FORESTRY ON A TOTAL LAND AREA OF 62.17 HECTARES (155.62 ACRES)

Location

Booltiagh Windfarm and Booltiagh Forestry is located on a minor public road that links Kilmaley Village to Cree Village.

It is conveniently positioned within 5kms of the R474 Ennis/Miltown Malbay Regional Road, just 7kms north west of Lissycasey village and the N68 National Secondary Road and 20kms from Ennis Town, the capital town of County Clare.

Description

The property is comprised in Folio CE29057F, Co. Clare and extends to approximately 62.17 hectares (155.62 acres).

We are informed that approximately 51.88 hectares (128 acres) forms a forestry plantation. The forestry was initially planted in 1997. Approximately 41.74 hectares was destroyed and replanted in 2004.

The plantation contains the following:

* Sitka Spruce 42.74 hectares.
* Japanese Larch 7.9 hectares.
* Broadleaves 2.25 hectares.

Five wind turbines were erected in the land in 2005, with a series of internal roadways on the property providing access to each wind turbine.

The property has a road frontage of approximately 160m to the north side of the public road and 530m to the south side where approx. 3.1 hectares (7.61 acres) of unplanted land is located.

Tenancy

A lease is in place for 5 wind turbines sites on the property. The term is 25 years from 01st January 2004. The minimum rent is 39,000 per annum.

Planning Permission

We understand that the relevant planning permission for the erection of the wind turbines fell under Planning Reference No. 00567 and part of a larger wind farm to erect 26 wind turbines.

Title

Freehold

Special Features

* Well located windfarm with valuable planning consent
* Producing 39,000 per annum with 8.5 years unexpired
* Maturing forestry plantation of 51.28 hectares (128 acres)
* Total holding of 62.17 hectares (155.62 acres)

Tender Information

A full tender pack is available upon request.

Completed tender forms to be sent, no later than Friday 24th July 2020 at 12 noon to Cadogan O'Regan, Solicitors, 22 Denny Street, Tralee, Co. Kerry V92 XPNO