- Location
- 200 miles N,NW of New York
The OP said it was 75k for 25 years, not 75k a yearFor 1.8 million would you care
The OP said it was 75k for 25 years, not 75k a yearFor 1.8 million would you care
The OP said it was 75k for 25 years, not 75k a year
That’s 75 a year isn’t itTo clarify it is £75,000 rent a year for 25 years
have they asked you to sign the LoA to apply to the DNO, or do they have a connection already?I've been offered £75,000 by a firm who want to lease 4 acres of my land to build a battery storage farm.
Does anyone have experience in what the rents are in the battery storage market? £75,000 for 4 acres is a lot of money!
Does anyone have a battery storage farm and what is it like?
I Read the second post on the thread wrongThat’s 75 a year isn’t it
Your right, I just wondering now, it's like selling the same 4 acre every year , for 25 years, and then still having it,That’s 75 a year isn’t it
Ltd Co is probably sensible, good financial advice on personal requirements essential.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.
Dunno about that, there seems to be a move to space the containers out...Should be 75k a year . £1000-£1250 per mw of battery storage per year . You should get 50Mw on an ac .
Makes farming look like waste of time and effort!
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.why wouldn’t they just buy a plot of land rather than pay rediculous amount of rent ?
surely the cost of 4 acres of land is marginal at £100K compared to the cost of the batteriesThey 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.
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.why wouldn’t they just buy a plot of land rather than pay rediculous amount of rent ?
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.surely the cost of 4 acres of land is marginal at £100K compared to the cost of the batteries