Lot 2 Turnalt Hydro Scheme, Barbreck, Lochgilphead, Argyll and Bute, PA31
Offers Over
£1,500,000
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- 250kW Loch Fed Hydro Scheme within a Ltd Co
Description
Situation
Turnalt Farm enjoys an attractive and private rural setting, located approximately 4 miles from the coastal village and marina at Craobh Haven and around 23 miles south of Oban and 16 miles north of Lochgilphead.
The property is accessed via a single track road approximately 1.7 miles and sits east from the A816, ensuring a high degree of seclusion while remaining within reasonable reach of local amenities and transport links. Turnalt Farm lies within the administrative area of Argyll
and Bute Council.
Description
The hydro scheme is an established renewable energy asset in the form of an owner-operated 250kW hydro scheme, commissioned in August 2016. The hydro scheme is operated by Turnalt Hydro Limited, which is for sale as a going concern. There is a formal lease in place between the Turnalt Hydro Ltd and Turnalt Farm in order to ensure optimal operating conditions as the result of restrictions on water catchment land use and the lease also sets out the rental agreements between the two entities. A copy of the lease and operating information is available following the signing of a non-disclosure agreement with the selling agents.
Method of Sale
Turnalt Farm is offered for sale as a whole or in 2 lots.
Turnalt Farm is offered for sale either in two lots, or as a whole, together with the respective assets, rights and interests comprised within each lot.
Lot 2 – Turnalt Hydro comprises the hydro-electric scheme and its associated assets and interests. The scheme is operated by Turnalt Hydro Limited under a lease agreement.
The hydro scheme is available as an operational renewable energy business. The Seller is open to transferring the hydro undertaking and associated assets to a purchaser-owned operating vehicle by way of an asset sale, subject to relevant consents, contracts and counterparty requirements.
For the avoidance of doubt, Galbraith, as Agent, are acting solely in relation to the marketing of the assets of the hydro scheme and associated assets and is not acting as agent for, or offering or arranging the sale or transfer of, shares in Turnalt Hydro Limited.
Lot 2- Turnalt Hydro
Turnalt Hydro is an owner operated 250kW storage hydro scheme located on the south eastern parts of Turnalt Farm. The hydro scheme is accessed from Turnalt Farm, the farm access is directly off the A816 between Kintraw and Barravullin, the property is then located 1.7 miles along a access road.
The hydro scheme was commissioned in August 2016 and is operated by Turnalt Hydro Limited and subject to a lease between Alasdair MacNicol, James Duncan MacNicol & Iain MacNicol (as named on the lease, however individuals have altered through succession and passing) and Turnalt Hydro Limited and subject to a rental payment to the Landlords.
The hydro scheme sits on land owned by Turnalt Farm who have a Landlord Interest in the scheme with a rental payment paid. The lease of the hydro scheme includes an exclusion area over land owned and occupied by the Landlords (Turnalt Farm) and is subject to restrictions in order to protect the operation and integrity of the hydro scheme.
There are restrictive clauses within the Hydro Lease with regards to the planting of trees within the exclusion area which covers in the region of 236 Ha (583 Acres) of the southern side of the property, limiting its use to grazing in order to protect the water catchment.
The Turnalt hydro scheme is located on the southern side of the wider Turnalt Farm with a Grid reference of NM .
The hydro is fed from a hill loch formed on the Allt Dearg burn and operates at a Rolling Load Factor of 56.58%.
In 2020 the Hydro Scheme was upgraded from a ‘Run of River’ to a ‘ Storage Hydro Scheme’
Specific Performance details, accounts and other pertinent information is available from the selling agents, via a Dataroom which will be accessible following the signing of a Non-Disclosure Agreement.
All the farmland is registered for IACS purposes and the farm code is 158/0029.
Nitrate Vulnerable Zone (NVZ)
The land at Turnalt Farm is not included within a Nitrate Vulnerable Zone.
Basic Payment Scheme (BPS) 2026
Basic Payment Entitlement was established on 15th May 2015. The Basic Payment Entitlements will be available for sale by separate negotiation. Further details of the Basic Payment Entitlement are available from the Selling Agent.
Any payments relating to the 2026 scheme year will be retained by the Seller. If applicable, the purchaser(s) will be responsible upon occupation of the subjects of sale to comply fully with the Statutory Management requirements to maintain the farmland in Good Agricultural and Environmental Condition (GAEC) as laid down under the Cross Compliance rules of the Basic Payment Scheme (BPS) 2019 for the remainder of the scheme year.
Less-Favoured Area Support Scheme (LFASS)
All of the land has been designated as being within a Less-Favoured Area.
Historic Scotland
The former Turnalt Farmhouse is a Category B Listed building, recognised for its significant late 18th-century Georgian stone architecture. Its special architectural interest is demonstrated through features such as the projecting central pavilion with a Palladian window and the piended porch with round-headed windows, among other elements that contribute to its listed status.
The former farmhouse is also identified within the Statement of Special Interest as the former mansion house of the Campbells of Barbreck, reflecting its historical importance as well as its architectural significance.
Minerals
The mineral rights are included. It should be noted that in recent years, there has been exploratory interest in the minerals within land at Turnalt.
Timber
All fallen and standing timber is included in the sale as so far as it is owned by the seller.
Sporting Rights
In so far as these rights form part of the property title they are included within the sale.
Fixtures and Fittings
All fixtures and fittings within Turnalt Farm are included in the sale price. No other items are included unless mentioned in the sales particulars.
The purchaser may have the opportunity to retain the existing staff employed at the property, subject to separate negotiation, although there is no obligation to do so.
Turnalt breeding stock may be available by separate negotiation. The sheep are currently hefted to the hill and comprise 1,300 ewes (including 300 gimmers), 340 hoggs and 40 tups. The cattle comprise 1 bull, 32 cows and 31 spring-born calves, which are anticipated to be sold in December 2026. Cows have been run with a bull to calve in spring 2027. More details are available from the selling agents.
Directions
From Oban, proceed south on the A816 towards Lochgilphead for approximately 28 miles,
passing through Kilninver and Kilmelford.
After passing through Kilmelford, continue for a further 6.5 miles before turning left onto a unclassified road signposted Barrananaoil/ Turnalt. Continue for 1.8 miles along the unclassified road until you reach the farm at the end of the access road.
Turnalt Farm enjoys an attractive and private rural setting, located approximately 4 miles from the coastal village and marina at Craobh Haven and around 23 miles south of Oban and 16 miles north of Lochgilphead.
The property is accessed via a single track road approximately 1.7 miles and sits east from the A816, ensuring a high degree of seclusion while remaining within reasonable reach of local amenities and transport links. Turnalt Farm lies within the administrative area of Argyll
and Bute Council.
Description
The hydro scheme is an established renewable energy asset in the form of an owner-operated 250kW hydro scheme, commissioned in August 2016. The hydro scheme is operated by Turnalt Hydro Limited, which is for sale as a going concern. There is a formal lease in place between the Turnalt Hydro Ltd and Turnalt Farm in order to ensure optimal operating conditions as the result of restrictions on water catchment land use and the lease also sets out the rental agreements between the two entities. A copy of the lease and operating information is available following the signing of a non-disclosure agreement with the selling agents.
Method of Sale
Turnalt Farm is offered for sale as a whole or in 2 lots.
Turnalt Farm is offered for sale either in two lots, or as a whole, together with the respective assets, rights and interests comprised within each lot.
Lot 2 – Turnalt Hydro comprises the hydro-electric scheme and its associated assets and interests. The scheme is operated by Turnalt Hydro Limited under a lease agreement.
The hydro scheme is available as an operational renewable energy business. The Seller is open to transferring the hydro undertaking and associated assets to a purchaser-owned operating vehicle by way of an asset sale, subject to relevant consents, contracts and counterparty requirements.
For the avoidance of doubt, Galbraith, as Agent, are acting solely in relation to the marketing of the assets of the hydro scheme and associated assets and is not acting as agent for, or offering or arranging the sale or transfer of, shares in Turnalt Hydro Limited.
Lot 2- Turnalt Hydro
Turnalt Hydro is an owner operated 250kW storage hydro scheme located on the south eastern parts of Turnalt Farm. The hydro scheme is accessed from Turnalt Farm, the farm access is directly off the A816 between Kintraw and Barravullin, the property is then located 1.7 miles along a access road.
The hydro scheme was commissioned in August 2016 and is operated by Turnalt Hydro Limited and subject to a lease between Alasdair MacNicol, James Duncan MacNicol & Iain MacNicol (as named on the lease, however individuals have altered through succession and passing) and Turnalt Hydro Limited and subject to a rental payment to the Landlords.
The hydro scheme sits on land owned by Turnalt Farm who have a Landlord Interest in the scheme with a rental payment paid. The lease of the hydro scheme includes an exclusion area over land owned and occupied by the Landlords (Turnalt Farm) and is subject to restrictions in order to protect the operation and integrity of the hydro scheme.
There are restrictive clauses within the Hydro Lease with regards to the planting of trees within the exclusion area which covers in the region of 236 Ha (583 Acres) of the southern side of the property, limiting its use to grazing in order to protect the water catchment.
The Turnalt hydro scheme is located on the southern side of the wider Turnalt Farm with a Grid reference of NM .
The hydro is fed from a hill loch formed on the Allt Dearg burn and operates at a Rolling Load Factor of 56.58%.
In 2020 the Hydro Scheme was upgraded from a ‘Run of River’ to a ‘ Storage Hydro Scheme’
Specific Performance details, accounts and other pertinent information is available from the selling agents, via a Dataroom which will be accessible following the signing of a Non-Disclosure Agreement.
All the farmland is registered for IACS purposes and the farm code is 158/0029.
Nitrate Vulnerable Zone (NVZ)
The land at Turnalt Farm is not included within a Nitrate Vulnerable Zone.
Basic Payment Scheme (BPS) 2026
Basic Payment Entitlement was established on 15th May 2015. The Basic Payment Entitlements will be available for sale by separate negotiation. Further details of the Basic Payment Entitlement are available from the Selling Agent.
Any payments relating to the 2026 scheme year will be retained by the Seller. If applicable, the purchaser(s) will be responsible upon occupation of the subjects of sale to comply fully with the Statutory Management requirements to maintain the farmland in Good Agricultural and Environmental Condition (GAEC) as laid down under the Cross Compliance rules of the Basic Payment Scheme (BPS) 2019 for the remainder of the scheme year.
Less-Favoured Area Support Scheme (LFASS)
All of the land has been designated as being within a Less-Favoured Area.
Historic Scotland
The former Turnalt Farmhouse is a Category B Listed building, recognised for its significant late 18th-century Georgian stone architecture. Its special architectural interest is demonstrated through features such as the projecting central pavilion with a Palladian window and the piended porch with round-headed windows, among other elements that contribute to its listed status.
The former farmhouse is also identified within the Statement of Special Interest as the former mansion house of the Campbells of Barbreck, reflecting its historical importance as well as its architectural significance.
Minerals
The mineral rights are included. It should be noted that in recent years, there has been exploratory interest in the minerals within land at Turnalt.
Timber
All fallen and standing timber is included in the sale as so far as it is owned by the seller.
Sporting Rights
In so far as these rights form part of the property title they are included within the sale.
Fixtures and Fittings
All fixtures and fittings within Turnalt Farm are included in the sale price. No other items are included unless mentioned in the sales particulars.
The purchaser may have the opportunity to retain the existing staff employed at the property, subject to separate negotiation, although there is no obligation to do so.
Turnalt breeding stock may be available by separate negotiation. The sheep are currently hefted to the hill and comprise 1,300 ewes (including 300 gimmers), 340 hoggs and 40 tups. The cattle comprise 1 bull, 32 cows and 31 spring-born calves, which are anticipated to be sold in December 2026. Cows have been run with a bull to calve in spring 2027. More details are available from the selling agents.
Directions
From Oban, proceed south on the A816 towards Lochgilphead for approximately 28 miles,
passing through Kilninver and Kilmelford.
After passing through Kilmelford, continue for a further 6.5 miles before turning left onto a unclassified road signposted Barrananaoil/ Turnalt. Continue for 1.8 miles along the unclassified road until you reach the farm at the end of the access road.
Brochures
ParticularsLot 2 Turnalt Hydro Scheme, Barbreck, Lochgilphead, Argyll and Bute, PA31
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oban Station13.6 miles
About Galbraith, Stirling
Suite C1, Stirling Agricultural Centre, Stirling, FK9 4RNIndustry affiliations:
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