Renewable energy seals sale of one of Scotland’s largest estates
Knight Frank has revealed that it has acted in the sale of one of the largest Scottish estates which had an £11 million price tag on account of significant income potential from generating hydro-electricity.
The 28,300-acre Auch & Invermearan Estate in Argyllshire and Perthshire has the potential for 15 hydro-electric schemes, one of which has already been commissioned, generating a gross income of £245,000 in its first year of operation.
According to the firm, the estate also offers “a stunning landscape and amazing sporting opportunities”.
Ran Morgan, head of Knight Frank Scotland, comments: “Despite all the hype over independence, there is a real appetite for Scottish land holdings from investors, especially from overseas. They are particularly interested in estates that can produce significant income in the form of renewable energy, a massive resource for Scotland, or via a commercial agri-business.”