On The Market From Costelloe Estate Agents: Windmill Farm & Maturing Forestry On 155.62 Acres (62.17 Ha.)

Agricultural Property Location: Booltiagh Windfarm & Booltiagh Forestry, Cree, Co. Clare

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.

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

Key Features:

* Well located windfarm with valuable planning consent
* Producing €39,000 per annum with 10 years unexpired
* Maturing forestry plantation of 51.28 hectares (128 acres)
* Total holding of 62.17 hectares (155.62 acres)

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 7 wind turbines sites on the property. The tern is 25 years from 01st January 2004. The minimum rent is €39,000 per annum. 5 of the 7 turbines have been erected.

Planning Permission

We understand that the relevant planning permission for the erection of 7 wind turbines fell under Planning Reference No. 00567 and part of a larger wind farm to erect 26 wind turbines.