- Location
- 200 miles N,NW of New York
The OP said it was 75k for 25 years, not 75k a year
Battery Storage worth it? £75,000 rent, 4 acres
- Thread starter famerjack345
- Start date
michael N123
Member
That’s 75 a year isn’t it
have they asked you to sign the LoA to apply to the DNO, or do they have a connection already?
- Location
- 200 miles N,NW of New York
I Read the second post on the thread wrong
- Location
- Lincs / Cambs border
Should be 75k a year . £1000-£1250 per mw of battery storage per year . You should get 50Mw on an ac .
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- Location
- 200 miles N,NW of New York
Your right, I just wondering now, it's like selling the same 4 acre every year , for 25 years, and then still having it,
- Location
- Scottish Highlands
Put the land into a Ltd Co, or at least speak to a decent accountant for advice. That’s a fantastic income package right there and should be easy to sell on if and when you want to retire.
Ltd Co is probably sensible, good financial advice on personal requirements essential.
Dunno about that, there seems to be a move to space the containers out...
Doing it for the kids
Member
Yes that’s about right.
Get an agent to advise, I have a Good en if you need one.
Consider land reshuffle. tbh tax is going up, ltd isn’t as good as it used to be...
You need a good team. What ever you do move fast, these deals come and go quick.
Get an agent to advise, I have a Good en if you need one.
Consider land reshuffle. tbh tax is going up, ltd isn’t as good as it used to be...
You need a good team. What ever you do move fast, these deals come and go quick.
- Location
- M6 Hard shoulder
We are close to signing an option lease agreement on 4 acres for 48mw battery storage facility, dno connection agreed in principle but don't underestimate the time lag in getting the documents agreed, we are 2 years in and only now getting close to signing. £75k for 4 acres annual rent is a good and fair offer in my opinion but ensure you have good legal and professional advice. You only live once.
Exfarmer
Member
- Location
- Bury St Edmunds
I would be very wary and take some very serious advice. Whatever anyone says, if it looks too good to be true it probably is.
The dangers of a fire are large and the resulting pollution is huge. If the worsthappened they would certainly go bust , just like Grenfell and some other poor sod picks up the pieces.
Do not let that poor sod be you.
The dangers of a fire are large and the resulting pollution is huge. If the worsthappened they would certainly go bust , just like Grenfell and some other poor sod picks up the pieces.
Do not let that poor sod be you.
Lexion1000
Member
Makes farming look like waste of time and effort!
michael N123
Member
why wouldn’t they just buy a plot of land rather than pay rediculous amount of rent ?
- Location
- sw scotland
They won't have any capital or assets to borrow against. That is what entrepreneurs do. There was a similar thread about PFI deals where developers will be running the parts of the project in parallel just waiting until they get the contract then the funding will flow. Then they can go back to the lenders and negotiate a better interest rate.
I think we are just realising that nobody has any money, just a giant global Ponzi scheme.
Exfarmer
Member
- Location
- Bury St Edmunds
surely the cost of 4 acres of land is marginal at £100K compared to the cost of the batteries
serf
Member
- Location
- warwickshire
That was my first thought but this land is probably in a strategic place for this storage to work and no land available to just buy off the shelf where they need it to be , and the land they want to lease is not on the market.
Just a thought got no knowledge on the subject
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- Location
- sw scotland
The rental over 25 years is £1.8m. Index linked will be getting closer to £2.5m. Surely you wouldn't sell for £100k. That is why you need a land agent.
I know someone who was offered £100 per annum as a wayleave or the agent negotiated £5000 as a lump sum. OK, slightly different legal bits but a far better offer.