150 acre island farm with income and development potential on Eday, Orkney

£495,000.00

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01857 622263

Posted Feb 02, 2019 | Hits : 1246

Specification

Type (property):   With outbuildings
Condition (property):   Some work required
Size (acres):   150
Online Contact Name:   Allan Welsh
Online Contact Phone Number:   01857 622263
Online Contact Email:   valofgreen@gmail.com
Website:   www.orkneyfarm.co.uk

Description

A large freehold farm with a comfortable three bedroom family home and a beautifully renovated self-catering holiday cottage on one of Orkney’s north isles. This is an ideal investment opportunity.

Green Farm is situated in a secluded position at the south-east of Eday with glorious views across to other islands. It is not overlooked from any direction but is just two minutes’ drive from the pier. The farm has just under 60 ha of mainly permanent grassland along with some rough grazing and heather. The wide variety of habitats includes coastal heath, species rich grassland and a small area of wetland.

Green Farm has about a kilometre of rocky shoreline and its own sandy beach. There are four derelict properties in various stages of decay, all of which could be developed or replaced – subject to planning.
• A detached three bedroom family home
• A one bedroom cottage for holiday rental income or a permanent home
• 55 hectares of land with a ready rental market
• A 10kW wind turbine - significant FITs income and reduced energy charges
• A well-equipped maintenance and repair workshop
• A large general purpose shed for housing livestock or vehicles and equipment
• A productive poly tunnel and a large greenhouse both with borehole irrigation
• Four derelict properties with potential for development or replacement .

Significant improvements have been made since we purchased the farm in 2009:
• Installation of a 30m bore hole to provide irrigation for the greenhouse and poly tunnel 
• A 10kW Bergey wind turbine installed 2012 providing regular income from the sale of electricity.
• Renovation of ‘Old Green’ to make a spacious workshop.
• Upgrade of part of the main shed and replacement roof
• Erection of a large poly tunnel with bore hole irrigation system 
• Conversion of part of the large GP shed into a productive greenhouse/relaxation area.
• Drainage and track improvements including to the yard in front of the main shed.
• New wiring in the outbuildings and the shed at Green.
• Replacement wooden doors and windows in the workshop and cottage and replacement double glazing in the main house.

Of the 37 fields in total, 43.08 ha have been designated as permanent grassland (Region 1), 4.64 ha are Region 2 and 0.51 ha are Region 3. 
Green Farm currently receives its income from:
• land rental
• egg, hay and vegetable sales
• catering services
• sale of electricity to SSE from turbine output £11,000 pa
• reduction in farm/house electricity bill of approximately £1,000 pa
• rental income from cottage generally £2,000+ pa
• Basic Farm Payments and LFASS.
Email for a detailed information pack with lots of photos.