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02/05/2024
Savills Announces Sale Of Wisbridge Solar Farm
Savills, on behalf of the Tom Duke Life Interest Trust, has announced the sale of Wisbridge Solar Farm for offers over £1.15 million.
The 9.34 MW scheme is located between London and Cambridge in Royston, Hertfordshire, and was commissioned in September 2014.
The fully operational freehold investment opportunity comprises approximately 41.95 acres. The base rent for calendar year 2023 was £71,199 and the net royalty rent was £76,174, making the total combined rent £147,117.
The lease was entered into in 2014, running to 2039, with a five-year option extension. The tenant is an established investor in renewables with a portfolio of similar schemes in the UK.
The site is strategically situated in close proximity to Royston town centre and benefits from connectivity to the A10 and M11.
Henry Grant in Savills Energy, Infrastructure and Renewables team, said: "With the UK aiming for renewable energy to reach half of all energy consumed by 2030, there has been a steep rise in the demand for land suitable to host renewable energy developments across the nation. Wisbridge Solar Farm is a solid investment opportunity with strong fundamentals including a robust rental income stream and reliable, experienced tenant, we are expecting a high number of enquiries from investors."
The 9.34 MW scheme is located between London and Cambridge in Royston, Hertfordshire, and was commissioned in September 2014.
The fully operational freehold investment opportunity comprises approximately 41.95 acres. The base rent for calendar year 2023 was £71,199 and the net royalty rent was £76,174, making the total combined rent £147,117.
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The lease was entered into in 2014, running to 2039, with a five-year option extension. The tenant is an established investor in renewables with a portfolio of similar schemes in the UK.
The site is strategically situated in close proximity to Royston town centre and benefits from connectivity to the A10 and M11.
Henry Grant in Savills Energy, Infrastructure and Renewables team, said: "With the UK aiming for renewable energy to reach half of all energy consumed by 2030, there has been a steep rise in the demand for land suitable to host renewable energy developments across the nation. Wisbridge Solar Farm is a solid investment opportunity with strong fundamentals including a robust rental income stream and reliable, experienced tenant, we are expecting a high number of enquiries from investors."
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