* Freehold
* Mixed rotation commercial forest with stocked area of 220 hectares
* Heritable (Landlord’s) interest in operational wind farm comprising 10 turbines with a total installed capacity of 23MW
* Additional income from recreational lease
* Broadleaves and open ground providing biodiversity and habitat for wide range of wildlife
* About 424 Hectares (1, 049 Acres) in total
* For Sale As A Whole
A mixed age commercial woodland with rental income from wind turbines
Description
Dura Forest extends to about 424 hectares and occupies an area of relatively
flat land in the lowlands of North Lanarkshire.
The site was originally planted in the 1970s with Sitka Spruce and Lodgepole
Pine in mixture, with a further 12 hectares of more productive land to the
southwest planted in 1999. Felling commenced in 2005 primarily in conjunction
with a wind farm development which sits on the eastern part of the property.
Much of the site has now been felled for wind development, or felled and
replanted in accordance with the forest plan. The current productive timber
area is 220ha (52%), the lower proportion reflecting the wind farm use across
a significant portion of the site.
The Black Law Wind Farm was commissioned in 2005 and is one of Scottish Power
Renewables largest operational sites. The whole wind farm comprises 54
turbines, each with a rated capacity of 2. 3MW. Dura Forest has 10 turbines and
an anemometer mast, a total installed capacity of 23MW. The current agreement
is under two leases running to November 2044 and January 2046 respectively. In
line with market trends, the expectation is for this to be extended and the
wind farm site repowered, but this will be subject to the necessary consents.
The base rent is currently £72, 000 per annum and is index linked. Annual
income figures over the past 5 years have ranged between £95, 000 - £110, 000.
Variable rent and habitat
management payments make up the difference.
There are 20ha of broadleaves located throughout the site and some areas of
open ground now show developing broadleaf regeneration, improving the
biodiversity.
Acreage:
1049. 75493 Acres
Directions
Access off the public road is from the following point:
What3words:
Grid reference: NS862562
Nearest Postcode: ML2 9PJ
From Glasgow and the west follow the M8 towards Edinburgh exiting at Junction
6a. Follow signs eastbound for Lanark (A73). At Newmains take A71 eastbound at
roundabout and continue through Allanton taking first right on exit for Dura
Road. The property gate is then one mile on the left. From the east access is
over the A71 to Allanton and then left onto Dura Road.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

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