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Chagford Hydro Electric Power Station Producing "green" Electricity For Sale

Chagford, Devon, UK
Asking Price:
£350,000
Turnover:
Under £50K
Net Profit:
Under £50K

FOR SALE BY UNCONDITIONAL ONLINE AUCTION. 11 AUGUST 2021. A rare opportunity to acquire a hydro elec power station producing excellent income. Ideal as a business in the "Green" sector and of interest to those looking to carbon offset, possibly develop further for tourism/educational use (subject to planning). Located in an idyllic Dartmoor situation close to Chagford within a secure .38 acre site.

Modern hydro generator fitted with remote monitoring and minimal maintenance.

Property Information

Property:

Leasehold

Lease Terms:

The land and premises are held on a long lease. Details are available at the website of the agents on the following link: https://www.bradleys-estate-agents.co.uk/pages/onlineauctions?ba_url=%2Fproperty%2Fhydro-power-plant-producing-green-income-located-on-dartmoor-7500766

Location:

Located under a mile from the charming Dartmoor town of Chagford in an idyllic valley situation, the site itself is level with road access and well defined boundaries

Premises Details:

The Power Station is built of block and stone and was purchased as a former hydro station with the current owners spending circa £100,000 to install a state of the art modern hydro plant

Business Operation

Expansion Potential:

There may be the potential to use the site as a renewable energy centre for educational and/or tourism purposes however buyers must make their own planning enquiries regards any change or additional use changes with the local authority

Competition / Market:

The business has no competition in the market place as the need for renewable green energy is infinite at this time. The electricity generated is sold to a supplier on a contract that has produced on average £26,000 approx PA. We believe that the supply price can only appreciate in years to come

Reasons for selling:

Owner retiring

Trading hours:

N/A

Employees:
0

Other Information

Support & training:

A handover by the vendor can be given to a successful buyer as to how the station operates and there are maintenance contracts available for a hands off approach if required

Home based:
This business can be run from home.

Contact Bradleys Commercial

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