A once-in-a-lifetime investment sale is underway in Scotland.
The Galbraith agency is handling the sale of 100% of the issued share capital of Aberchalder and Glengarry Estates Limited, a company which owns land and property extending to some 18,784 acres in the heart of the Great Glen.
Galbraith is seeking offers over £17m for what it describes as “a very well managed and profitable business located at the heart of the Scottish highlands.”
The diverse assets of the company include extensive farmland, hill ground, forestry, lochs, a wind farm lease, two hydro scheme leases, several residential properties, farm buildings and bothies.
Located in a stunning location, encapsulating the quintessential Scottish Highland landscape, the estate includes low ground pastureland, mature woodland, high moors and parts of Loch Oich, Loch Lochy and Loch Garry.
Rod Christie, a partner with Galbraith, comments:“With a diverse range of income streams, there is also enormous potential to further establish and develop the existing business which includes option agreements to extend two neighbouring wind farms.
“The company assets include over 18,000 acres of some of the country’s most iconic natural scenery as well as a range of residential properties.”
The land at Aberchalder and Glengarry rises from approximately 35 metres above sea level adjacent to the Caledonian Canal and the River Oich to approximately 815 metres above sea level at its highest point at Carn Dearg. There is a mix of ploughable and permanent pasture as well as extensive rough hill grazings.
The forestry on Aberchalder and Invergarry Estate comprises upland amenity planting, shelter belts and native remnants. In addition, there are two parcels of native planting (Scots Pine and broadleaved species) dating from 2017 which extend to about 98 hectares or 243 acres.
The sale comprises the landlord’s interest in several income-generating renewable energy schemes including two hydro schemes leases, Glen Buck Hydro and Munerigie Hydro (incorporating Faichem Hydro), which are let under separate leases. Both leases run until 2065 and generate useful income streams.
Similarly, wind energy in the form of part of the Millennium Windfarm (sixteen turbines) is located within the estate boundary. This comprises three leases which are scheduled to expire between 2032 and 2036 and generating a significant annual income. Option agreements are in place for further extensions to this and a neighbouring wind farm.
The four residential properties included within the company assets include: Leitir Fearn Farmhouse (a four bedroom traditional farmhouse used as a holiday let); Calderburn Cottage (a charming traditional two bedroom cottage also currently used as a holiday let); Leac Cottage (a delightful single bedroomed cottage) and Grianach House, a modern property built in 2016 which is occupied by the current estate manager.
Additionally, Munerigie Farmhouse, situated to the north west of Invergarry, is part developed and offers wonderful scope for development, enjoying far reaching views across Loch Garry.
There are also several farm and estate buildings across the property, including three traditional bothies, two of these are used on an ad hoc basis by the Mountain Bothies Association.
Aberchalder and Glengarry Estates are in the Great Glen some four miles south of Fort Augustus and 39 miles from Inverness. The Great Glen Way passes through the land along the southern bank of Loch Oich.
